St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-13

syllable. If. with that law re-enacted
and fair trial of il had, silver shall not
without the purchase of an ounce of
metal by the government resume its
former relative.
Value with Gold,
bimetallists will cheerfully submit to
any legislation that experience will sug.
gest as necessary to make every dollar
of the United States equal in III
bearing its stamp. They urge the
old law with supreme confidence, born
of the unaSSailable truths of history
that 1t will Immediately place every
coined American dollar upon par of
value, both as coin and bullion, restore
the bonds of weakened love and conf
dence, and set in happy motion the
wheels of all the cOuntry's magnificent
industries.
Will you listen to us while we speak in
words OF sober earnestnesS of the local
effects of the unconditional repeal of
the silver law will have.
The silver mining states and terri
tories. embracing 100000 square miles
of the continent, with 100000
Americans inhabiting them, de-
pend -pecuniarily upon silver mining
for their prosperity. That indus
try is the very heart from which nearly
every other industry receives support.
Agriculture will not thrive without
coal, iron, stone and clay. while
magnificent. are worked with such
dear labor, and are so remote from
other local markets thattheir movement
would be feeble and their operation
disastrous without the stimulus the
mining industry affords. 1t supports
our foundries, operates our machine
shops, supplies our railroads with
freights,
Stimulates Travel,
keeps bright the fires of the smelters,
and sends customers to the shops OF
our merchants. 1t has invoked in
the valleys and upon mountain
sides magnificent cities and thrifty
towns and villages. Great manu-.
factories of paper, cotton, leather, iron,
steel and clays distribute their finished
products and support thousands of pros,
porous and happy families. But be-
cause agriculture is so limited in area
confined to narrow strips along
our few and scanty streams - ouI
labor so high and its handlworA
so remote from other than the
local markets, the coal is mined, the
coke is burned, the-rail is rolled, the
grain is grown, the fruit is gathered, in
the main for the owners and workers in
silver mines and smelters and the pro-
prletors and workmen of the industries
and caliIngS are dependent upon them.
The reduction of the price of silver to
about 20 cents has shut down % per
cent of the silver mines of the country,
and the SmelterS must soon follow their
example. There are in Colorado
today $1,000 idle miners, who know
not where to turn if work is not
resumed. There will soon be added to
this idle army Of labor 1000 men from
the smelters. The stone quarries are
nearly all shut down, the railway com-
panleS are laying off train crews by the
score, the foundrieS are nearly all out
of orders, the farmers and
fruit growers will be barely paid
for the cost of saving their
crops, the merchants are countermand-
ing their orders, the travelling men tor
Eastern houses seek almost in vain for
customers. This is no eXaggeration.
The destruction of the silver industry
Will deyaState the country as if
Swept by a Cyclone,
reaching from the British possessions
to the Mexican border line. This sor-
rowful picture of Colorado with its min
ing industry destroyed but represents
the condition of the other mining states
and territories with the same cal; IN ty
upon.
Ii the silver mines shall remain closed,
one-halt the American output of LEAD
must be lost. The greatest bulk of the
lead product Is taken from Silver-bear-
ing ores. 1t requires the one metal,
supplemented by the other. TO remun.
crate the lead-Silver miner.
Not less than 90 per cent of the gold
productot the country depends upon
the maintenance OF the silver industry
The placer or creek washingS. the earli
est and most prolific source of our gold
supply are practically exhausted.
Those who contend for the gold single
standard wifully mislead you as to tho
cost of producing silver. We say to YOU
in the most solemn and truthful manner
that reliable statistics prove that, in
Guiding but legitimate items in the
account. the silver of Col
orado costs by the time 1t is
on the market not less than
1929 per ounce. Like gold, some sill
yer is produced for much less than its
market value, but the average cost of
silver is fully the highest price it ever
brought i'll the market. All of the min
ing states and territories are a debtor
class. Stop and consider men of the
East.
How Many Millions
of your money are invested with us.
The funds of estates of widows and
orphans have been loaned on our
lands and have built our edi-
fees. Colorado has been a favor
tie field for such investments.
Have the people of any state ever
proved more punctllliouS i'll prompt re-
payment? The legislature has enacted
laws cruel to its own people and unriv-
allied in liberality to the creditors that
no man might shirk or escape
repayment of the borro we'd dollars.
There are held throughout the East
hundreds of millions of dollars in rail-
road stocks and bonds, i'll municipal
securities, in trusts and mortgages, the
payment of the greatest body of which
depends upon the prosperity of the sill
yer mining country.
We of Colorado pride ourselves upon
our commercial ana financial integrity.
NO calamity can induce US to repudIate
one dollar of an honest debt All
OF our assets are at the will of
our creditors for their reimbursement.
But if by bad congressional leg
islation, if through congress you
shall wipe out the great indus
try of the section around which all
others cluster for vigor and profit, the
values of our properties will shrink, our
business will be destroyed. our towns
anu cilieS VIII oe largely deDopulated,
and the railroads trave1sing the west
ern half of the continent will be
Sent Into Bankruptcy.
Certainly in the face of such unmer-
tied infection you cannot blame us if
we are thus deprived of all ability TO
meet our obligations. You may. it is
true, take the country in payment, but.
after you get it, what will you do
with 1t?
But though you may do all in your
power, whether in ignorance or through
selfish greed to destroy US. we will
not submit to the destiny of poverty
without struggle. We shall seek to
open up new markets and build up our
silver industry along new lines, and
with new and c,rIrn