St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-10
He FAVORs SILVER.
JOSEPH GRANDFATHER TALKS UPON
THE WHITE METAL.

Joseph Grandelmeyer. Esq, one of
the old residents of st. Paul who went
TO the Pacific coast over a quarter of
century ago, was in the city yesterday
renewing old associations. He is now
resident of Nevada, and it goes with
out saying has some pronounced views
on the silver question.
''Twenty-fVe years on the Pacific
coast, prospecting and mining. princi-
paliy i'll Nevada, and crossing the con-
tinent the same number of times and
coming in contact with all nationalities
and all business, enables me to give
some reasons why we are in the present
financial demOraliZed condition" said
Mr.. Grandelmeyer.
$50 get at the root of all evil, we must
start at the root. DemonetizIng silver,
Feb. II, 1878, was the cause of it ALL
: Why? Because mining Is the greatest
industry on earth, farming second, and
so on. All there is in life you must dig
out of Mother Earth, and when you stop
that you stop all prosperity. Silver is
not and never was intended to be COM
modify, but it was made a commodity in
1873. The law was made to make the
rich richer and the poor poorer, and not,
as some newspapers say, because the
owners of silver mines demand that an
exception shall be made of their prod
uct. That is not true. All the news
papers might just as well say the own
erS of silver mines demand a premium
on gold.
People don't seem to know or under
stand tnat33 1-3 per cent of all the gold
extracted out of the earth lives in the
same rock and formation with sc 2-3 per
cent of silver. So when you down sill
yer, you down gold. If we found TO
placer mines and free gold quartz
mines, the average Of the gold that lives
i'll the same formation and rock with
silver would be 40 to 45 per cent. The
ComstOck lode, that furnished the world
seven hundred millions of ore, averaged
45 per cent gold and So per cent silver5
Eureka furn shed one hundred millions,
the average being 65 per cent of gold to
50 of silver.
$50 II you wn siiver,yOu down gold.
And let me tell you, creation planted
gold and silver; man cannot plant,
grow or make silver and gold. And the
industry of producing it is the greatest
on earth. ltinyolves ali industries; all
that is made or produced by man is re-
quired in the production and extraction
OF silver and gold. England and Wall
street gold horders have demonetized
silver.
The 1890 law has acted as SLOW
up in demoralIzing people and all trade.
The pill that demonetiZed silver has
had its effect: the physic has come. 1t
has been slow, but sure, and England
feels the effect of what the people of
the United States have or are beginning
to drop on themselves, and something
will and must be done. Restore silver
and you restore all. and this England is
fearing, hence she started in on demon
aliZing India by demonetiZing her sill
yer. Few people may know that when
silver Was demOnetiZed IN 1873, from
that date England bought our silver a.
a deprecated valuation, all the way
down from 1929 per ounce to the pres
ent prices, varying from S1.2929 to so
cents per ounce, and selling our silver
at par i'll other countries, and buying
wheat to supply parts that the United
States would supply had silver not
been demOnetiZed.
Nevada as state has depopulated
from 10000 TO 10000. Demonetizing
silver was the cause. But few people
know that Nevada is the only state in
these United States that saved the repu-
tatiOn of the United States financially
when her greenbackS were down to 40
cents on the dollar, and Nevada was the
state that furnished the United States
SlOO,OUO,00O to make her credit good.
There was no distinction then between
silver and gold. 1t was United States
coin without distinction. The law de-
monetizing silver, 1878, created the dis
tinctioD, and when cause is made to de-
populate one state others must follow.
Il was in Washington in 1889, at the
treasury department, In company with
Gen. ROsecrans and MIR. Childs, then
treasurer of the United States. They
were digging deep hole within the
walls of the treasury building. and |
asked Gen. Rosecrans: General, what
are you digging this hole for?' we
are going to build a vault to store silver
there And told the general: Gen
eral, it don't look consistent for you to
bury silver when we people on the Pa
citc coast are digging it out. Why is it
not put in circulation
''Silver must be restored to its proper
place before the country can receive
prosperity" was Mr.. Grandelmeyer's
parting shot.
He has fine exhibit at the mines and
mining building at the worlds fair, ana
left last evening for Chicago, red-hot
and still heating ON the silver question.