Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-07-03

s"oeno 70 get the goa WtfA ClkcA 4
pay. II is ssid ~ s.'e Scriptures tia
the borrower 10 Servant 70 <Ae lende.
The same idea expressed il the veg
nacalsf Of modern times would be
that the borrower is getting the wors
OF 1t all the time. Such being tn
case, i would seem to be proper TO
the Government to try TO tighten til,
load of the borrower, rather than I.
add TO the burden. But it is said tina
it free coinage act was adopted, tn,
silver OF all the world would b.
dumped upon the United States
Why, then. was it not dumped here
before 1873: Again, it is said, free
coinage would drive all the gold GU,
OF the country. To this We answer
it 10 out of circulation already, and TO,
practical purposes has been for years
l quote from tho Commercial and
Financial Chronicle of February 9,
1889. "As to the gold in circulation.
whatever there is Of il must be in the
Pacific States, for ia the Eastern,
Western and Southern States not one
person in hundred receives in ordi.
nary business transactions, . gold coin
once 10 twelve months"
Tho dread of something unspeak.
ably awful following tho remonetiza-
ton of silver is one OF those gsound.
less terrors to which tho financial
world seems peculiarly subject.
Remembers an instance or two in point:
For example, in 1876 tho platform
OF great political party said. in
Effect, that specie payments could not
be resumed in 1879, and that the at.
tempt to resume would b. ruinous.
Nevertheless, resumption came about
as easily Ms spring follows the winter.
Again, in 1870, when gold and siIve,
were at premium Of 40 per cent, the
Governor OF Missouri urged the Leg
's'ature to dir'cs the payment Of the
interest on tho state bonds in gold
instead If gree nharks, and ali
the financial talent OF St. Louis aud
1T all the other cities of the state in .
sisted that any other course woulr
ruin the credit If the ttxte and de.
prsciate the bonds terribly; BIT he
Legislature thought otherwise and
directed that they b" paid in green
backs. and yet 10 the astonishment OF
the t"a"riers the bonds straightwa,
advanced in value instead Of depreci>
a,i"g. So it would probably b.
equally astonishing, though no more
It u return to hi.
metallism should restore the value ct
silver aud cause gold to be put in
circulation. by removing the incent,v.
tor boarding it which now exists.
instead Of driving It out Of circuln
ton, MS the monom- talli.ts anticipate.
In this connection [ remark that
20 far his driving gold out OF circula.
lion Is concerne, athinv is NOR,
likely to do that u,.fly and eaeo,u
ally than flood Of paper money Of
doubtful validity, and vt We have the
spectacle of leading states
men protesting unrel-n,i"g y, imosi,,
against ,'lv q" that ground, while
advocating throwi' & open the Aood-
gates aud delug'ng the country with
state bank cur ncv.
lave seen numerous stateme n,s
pro and con rs to the cost per ounc.
IT inning silver. but the fact is thai
It has no fixed cost. The cos, de-
pends upon SO many circumstances
the quantity AMI richness of the ore
it's accessibility TO base III supplies. to
nearest water, fuel, eto,-,n sll "i
which no two mines are alike, aud
even the same mine varies to NJ,
almost unlimited extent, sometime.
being workable ut big prof, aid ut
other times ut u heavy loss. But
Judging from my own observation |
should say that, throuy hout the wrst.
-rn states at least, silver mining is no,
on the average a particularly prof.
able business.
1t is popular f.llscy that ali
owners Of silver mines are millions
aires, AID that they wish to hulld"z-
the world into granting special p,iyi-
Leg. S to their comm 'dity in order tina,
they NAV ad 70 th-ir AIR. adv oy-,>