The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-07-08
THE CRISIS IN SILVER.
Opinions OF Leading Men Upon the situ-
alton In Colorado.

| alton In CoIorLdo.
The Denver Repu5iiean prints the following
! interviews:
D. II. MofIait:-"The resolutions will GER
talnly nave one effect, they will at least CON
vince the Congress OF the United States that
remone tzat!on of silver must be had. The
action of the mine-owncrs was forced upon
/ them by the condition o. The silver market.
There il no profit or sense in producing
| commodity at a cost OF eighty or ninety cents
that YOU cannot sell for more than slNty-iwo
cents and the sooner the industry i aban-
doned under such conditions the better The
only remedy lies in a proper recognition OF
I the true place Of silver in the currency OF the
country By the financial and legislative
powers OF the county
J. B. Grant.-"Thc smclters which are
working silver ores will close down. II will
take about two week, to finish the ores We
I have on hand. When they have been treated
very little will be done. should say that 10
I thirty or forty days there will be nothing To
speak Of done The shelters that treat cop
I per and refractory ores will continue. but the
great bulk of Colorado ores cannot be
treated
Julius Thompson.-"Thc talk that silver
cannot go lower Is all nonsense. II silver i
not u ed A. a coin there IS ~ much on hand
at present, without another ouaee being
mined, as will supply the needs OF the hne
art for more than generation. 1t Is hard
TO say TO what price the metal would fall II
the sherman act were repealed and no equiv
alent IN its place; The fEht for free coinage
should be wa-ed more dcterminediy than
ever. Congress can be brought 10 realize
that free silver j. the only solution"
Senator Newman The majority Of mines
Ia this state cannot be worked at profit with
silver at the present price. The copper
smelter at Durango will be kept going
Ebea smith IL hear that the Grant has
l.aHl sff. ls8
COZ ounces here, aud why should they bug
more, without -omc end - the present crisis
in sight! know OF two other -melters that
have 100000 OlHces each. and you could
not give them another car for the freight
This question Of freight i at once an alarm
ing ono. Yesterday one man reported he had
fifteen ears on the way the way to Denver no
money TO pay the freight and no buyer when
the ore should arrive al the markell
A. +. Reynolds THE cri-is, while grave,
Is not altogether bad, " he said. There IS
not such q state OF Affairs as / pictured IN
come quarters, and these sensational tele-
grams DO Tot do any good 10 anyone.
The mlaers will be able 10 tide over the pres
cni hard times, which cannot last always"
A. K. Never, Of the Arkansas Valley
Suiciier:-'There Is no other recourse lett
tho smeliers bal 10 close down after We clean
up what orc VIC hsve on hand There : now
on hand with the shelters of Denver and
Colorado about 5,O0O,0O0 ounces of silver Ia
ore not more than enough to meet the re-
quircments of the government for it, next
purchase II is expected that all the smelters
VIII clean up the orc they have on hand by
August /, when no more smelling will be
done until the market improves
Richard Pcaree OF the Boston and Colorado
suc.ter;--''We shall continue to buy from
cur customer, and will continue to run the
shelter, though We shall devote Ourselves
chiefly 10 gold aud copper and bold our sill
yer until VIC can get a good price for it.
am not Interested in any mines In the state
Of Colorado, but am IN one in Montana, and
| wired the gentleman la charge to-day, 10
close down for the present at least
Oiio Near. ;-"Colorado is well fitted 10
continue her prosperous career on the
strength of her other rich resources. In her
iron and coal, aud In her timber aud agrlcul-
tural districts, her wealth Is immeasurable.
Shut of our silver mines, aud We will show
the world that Colorado Is still one of the
richest spots on earth. Every miner who has
ever even half way looked into the coal and
iron fields OF the state knows full well thai
Colorado Is rich in these deposits beyond any
ordinary conception. In other words, forced
TO II. we will do in the way of developing
this state within the next two years what
under other circumstances We would not
have done in ten. For this reason, IL for no
other. / am not completely sorry this situa-
ton is upon US. The blow has come and we
must face it, and instead of setting up a
howl We must cast about for other resources
we have. We have them, and we owe It to
ourselves to develop them. Having for the
time at least lost our silver trade, as it would
seem now. We must do as California did,
branch out, and the man who thinks We have
nothing but silver to sell, is blameworthy for
his ignorance. The trouble was We had so
much that 1t oyertopped our other indus
tries