The Helena independent., 1893-06-30
SILVER men TO MEET.
Call for a Conference to Be Held
a. Helena, Thursday.
July 6
Producers of the White Metal
Will Outline Their Plan OF
Campaign.
rhe DroD In Silver Results in the Shut
ting Down Of Montana Mines-Eoss
Helena Smelter to Run.

The hpSOfOlnR TOPIC ia IheieAs ycSse'N"S
was the price of silver. Early In the DAY
reports came from New York that it WAS
dropping, and later 1t went down TO 62,
whore il was at tho close OF the day. While
the news was anything but cheering, no re-
ports of mines near Helena closing down
came in save from the East Pacific AZ WIN
atom, The III, Il II. in the same vicinity 10
. gold producer, shipping two cars OF ore
per day. The assertion was made thAs the
East Helena smeltsr would CLOSE. but tx
Gov. Hauser, ono of the heaviest owners In
that enterprise, said that was not 80.
A visit TO the smelter showed immense
quantities Of ore on hand, and work is now
being rushed OH u fifth stack, which will be
started up As soon az completed. Ihere Is
ore enough on hand at East Helena ana
under contract to run the works for nVs
months il no new business comes IN. AS
the East Helena smelter tu,ns ouS about
$500, 900 O month and employs large num-
Der of men, the fact that il will not close
down Immediately will De received with
much pleasure by the people Of Helena.
From the west side news came yesterday
shat the BIZ Metallic has discharged all its
employees save eighteen. and the Granite
will CLOSE &C. morrow. The Iron Mountain.
In Missoula county, was also reported to
have been ordered closed. and all the Coeur
d. Alene silver mines have stopped work.
The Lexington mine at Butte has been Or
dersd shut down July /. While she depres.
sion will affect Butte to large extent.
residents OF that city call attention 70 the
fact that S. per cent OF the men employed
In the mines there are working In copper
properties.
dispatch from Great Falls last night
said that owing to the low price OF silver
o, ders have been sent to the Moulton. Gait,
Nevada and Broadwater mines at Nolhart
TO close down. Unless the price OF silver
i'm, roves it ia safe to say that not mine of
any consequence in the Belt mountains
will be in operation in two weeks except
the Benton. The mines ordered closed
down will throw between 200 and 25O men
out of employment. The smelter at Great
Falls is running one stack. and unless the
p,ioe of white metal improves il will prob
ably have to shut down, ns few mining
companies care to sell ore at present hR-
urss.
But the Montana silver men ara not going
10 allow the monomstallists to hnye 1t all
their own way if they can prevent 1t. In
order tEat the producers of this state may
eet in unison meeting OF silver miners
will be held in Helena July E. Invitations
have been sent to all the silver miners in
the state md 1t is expected that there will
be large attendance. The formal call 10
a. follows:
BUTTE, Mont. jane %. 1S93.-Dear Sir:
The undersigned take the liberty Of calling
your attention to the critical situation of
the market for silver bullion. We also ask
you to note the fact tkat she coming con-
eress will be the theater of the greatest
battle that has ever been waRed between
the advocates Of the gold and bi-metallic
standards, representing on ono hand the
interests of the Eu opean usurers and their
American agents and on the other the great
producing classes of the nation.
We invite your most serious congidera-
tion to fact not creditable to the silver
miners OF Montana; l. e.. that while the
representative Of every interest OF the
United States are preparing for this great
conflict. the producers of silver are mac
tive, irresolute and idle, waiting in dumb
dismay for something to turn up instead of
proceeding themselves to play part in
determining results clearly within their
reach.
In view of the situation we take the lib
erty of asking all mine owneTs, proprietors
of reduction works and all others inter-
convention at the Broadwater hotel, near
the city OF Helena, on tie 9Th day of July.
where 1t is hoped perfect organization
will be perfected. SO that silver producers
will bear their own fair share of the bur den
OF the battle that is now on.
We feel We have the right TO demand
your pc sonal attendance, or that you be
reI resented by person with full authority
to act for you or your company. This is a
serious crisis, ana failure at this time to
respond to the call of duty and self-inter-
est will bttoken an inditfe ence which can
only result in serious criticism of our mo-
tives and the justice of our cause.
MARCUS DAILY, SAMUEL I. HAUsER,
ANTON M. HOTTER, VIM. Il. HALL,
G, II, PALMER IHos. COUCH
HENRY WILLIAMS, JOSEPH X. CLARK,
j. +. GAYLORD, A. j. SELIGMAN,
F. A. HEINRE. CHAs. MoIsoN.
w. THOMAS HART. X, L. BAYLIss,
b. B. WHITE. SAMUEL WORD.
All who desire to alton the conference
should notify James i. Lshigh, chairman
of the silver committee of the transmits
sissippi cong ess.
Ex-Gov. S. L. Hauser. who is as largely
interested in silver mining as any one in
the country, does not take gloomy view
of the silver situation. He said yesterday
that for every $75in silver Montana pro
duces $25 in gold is turned ont with it. Ir
some other states the percentag is as higt
as $40 in gold and $50 in silver out Of ever
800 produced. He calculated that tht
shutting down OF silver mines and smelters
throughout the United States will reduc.
tH6 Rolu OutpNt OF uu6 WOPIu 30 hD0uJ SOD
100000 per annum. The arts require TIN
amount, and therefore there will be no su
Plus gold to be coined into dollars. Ever,
year ths world requires additional oircu
luting medium, but with silver eliminates
and no surplne gold to be coined. there vii
be contraction of the currency of tn
world. Cold will go to premium and TO moe
the necessities of trade silver viii have t.
be resto ed to its rlacs as money. Mi
Hnuser also is of the opinion that the lo'
lrice of silver wou.d affect the value Q
railroad securlties. and that as act O
self-irotection the railroad influence
would be ,hrown with the silver men. III
is also of tine opinion that the cherma
law will be repealed. but he believes cor
gress viii paes a law requiring the coinaa
of So. 0O0, 600 or S4,00l0OO IN silver MONTH
al an Increased ratio.
Large variety OF infants muslin caps and hat
at rock bottom prices. butcher d bradley's. II
broadway.
Cheap Excursions via the Great Nerther
hallway.
Seattle, Washington ..S1S.f
st. Paul and return .....-............ b0.t
Winnipeg and Tetutn.... 5D.t
Chicago and retu n.................. g..
sunday excursions to Alhambra al
Boulder one fare Tor the round trip.
Fourth of July tickets to all points with
800 miles one and one-6fth fare for rouu
trip. Cheap one way rates to all poin
sasS Il H. JIAGGIYy q II A.