Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1893-09-26

that come to Denver or that ever
have come, that have not always
supplied silver. / cannot say how
many mines produce these Denver
purchases Of ores, but 1 do know
that one Of these companies pur-
chased 5,513 different lots during
the year and another bought from
Colorado, Idaho, South Dakota,
California, New Mexico, Utah,
Washington, Nevada, Montana,
Arizona and Wyoming and that
gold and silver came from all.
1 have from good authority that
such is thescase at the Rio Grande
Smelling Works at Socorro, New
Mexico, and also at the San Pedro
N. Mex, and at the El Paso
Smelling Works at Ell Paso Tex
as.
The same authority 1 quoted
above says:
1 have shown that to sustain
this industry silver must have a
market; and / have shown that to
obtain gold, silver must also be
produced. If silver be not pro-
duced, the supply Of gold must
fail. All mercantile interests in
the west must suffer. Merchants
would purchase less goods in New
York, railroads would bring less
merchandise across the country,
receipts in every avenu of mer-
camille life would decrease, divi-
dends would become smaller and
fewer and railroad construction
would cease. The withdrawal of
the annual production of the silver
mines from the ten thousand chan
nels of commerce would produce
a commercial and financial stagna-
ton that would financially ruin
millions of people. Il would af-
feet the mining states and terrific
ries first and the greatest, but it
would sweep the country like a
tidal wave across the ocean, and
leave devastation in its path.
1t is a fact that eastern people
know but little or nothing of what
the cost Of producing silver really
is. Most every man you meet out
here in the east thinks that every
prospector and miner in the west
is a "bonanza king" when the
truth is they are everything else
but 'bonanza kings" To arriv,
at the cost Of silver it is grossly
unfair to accept as a criterion the
cost of production in some phe
nomically rich mine, such as tn.
Mollie Gibson.
If the people of the east woul,
take into consideration the fac
there thousands Of mines running
at a loss where there is one tina
is producing silver at a profit, ant
thousands of prospectors who fai
to find anything, where one is sue
cessful, they would find that tn
cost far exceeds the present mar
ket price. Week before last tn
miners at Aspen, the greatest sill
yer producing district in Colorado
forwarded a memorial to con
gress showing that the actual cos
of producing an ounce of silver il
that camp was $1.02. And AspeI
is the home of the Mollie Gibson
| too. An eastern paper recent
/ quoted the famous bimetallie min
of Montana, which has paid 80,
100000 in dividends, as yieldin
{ the white metal at the low cost {
. s cents. The paper deliberatel
/ said what it knew was not tru,
/ for Superintendent j. B. Risqu'
i. of the Old Abe mine, at Whit
J Oaks, New Mexico, who for 81
years has the management of tn
Bimetallic, has stated that til
cost was CD cents per ounce.
| The trouble about the deprecit
; ton of silver carries with it fat,
/ results for the other industries {
; the mining regions. For instanc
T the crisis of today has brougl
with it a sad state of affairs to tn
door of the wool producer in Ne
= Mexico, who cannot sell his woo
d at any price because the moneye
, people do not want to invest thei
4 money on anything today, and ii
I result of it is that the people j
that territory whopursue the shee
t raising industry have to keep
home their wool and await wit
patience better times to dispose
it.
J. The same can be said of the liN