The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1894-05-17
Coin Them in Denver and
Ship to China. ......
HOW TRADE WOULD Be MAGNIFIED
a Novel Proposition Advanced FtA-
an idaho Man Which Would Ese
Very Nice il Nut in Opera
tiOn-yVOuld Evidently Force
England to Our Terms

George G. Merricl, president of tho Col
orado silver league The writer is the
general manager of the Phi Kappa Min
ing company, of ketchum, Idaho. There
is not much chance that the scheme will
be carried out and it is questionable if it
would be advisable from bimetallic
standpoint, but it will probably beinter-
esting nevertheless:
Slr-Bimetallism Will come by and by
when this sudden squirt in gold mining
has exhausted the mines and proved
that but little more is to be got. But
meanwhile the brokers of Wall street
and Lombard street in conjunction with
the English merchants, who are buying
our silver at SO cents and shipping it to
China and India, are gaining what we
lose. Silver will buy as much IN those
countries now as ever it would and
that is the only ultimate market for it at
present Mexican dollars are the legal
legal tender money in China, and are
taken at face value there, no matter how
low the London bullion price may fall
Why should we send our product $4,000
miles through London, allowing her to
take what toll she pleases out of it.?
She has, through her Indian council and
our Wall street president, thrown out
every buyer of silver except herself, and
she consequently gets it at her own
price. The great bear Of the worlds for
mer market now sits alone and dictates
the price, and is preparing to coin Brit
ish silver dollar for China.
/ urge you and those who have capital
III Denver to lose no time upon this
cuckoo congress and Wall street presi-
dent in any national scheme to restore a
national industry by the remonetizing
OF silver, or any other political move
such as Senator Teller's resolutions Sc
cure at once the right from Mexico to
use the Mexican dies by payment Of
seigniorage, u cents on the dollar, and
establish mint in Denver by private
capital to coin at a fixed charge per dol
lar in addition to the Mexican charge
Congress cannot interfere with stamp
ing our product in any manner which
does not stimulate the coins of the Uni
ted States. Establish one or more busi-
ness houses in Denver or San Francisco
to trade our product direct to China for
teas, silks, spices tropical fruits and
whatever handicraft articles China may
be stimulated to produce. Get pledge
from all United States silver producers
to send their silver only to the Denver
Mexican mint, provided that mint will
pay as much for it as it would net them
if sent to New York or England We
can thus get much more out of our sill
yer product, and at the present price, or
even at 80 cents, there ought not to be
a pound of tea or yard of silk come
into the United States by way of New
York. The ships will be transferred to
the Pacific ocean when the business is
done IN those waters. As soon as this
plan gets in motion. the diminut1on and
final cessation of export Of silver to Lon
don will send the price up AMI it will
continue to go up until it gets at least
back to the price Of 1892. India Will
then get most Of her supply through
China, leaving England and her Anglo
American Wall street president out in
the cold. England has been buying our
raw silver product and converting it
into India legal tender money long
enough 1t is time we Western men
sgot onto her scheme, for our own ad-
vantage We have only 1000 miles to
transport our silver and get back goods
from China, while England has $4,000
miles of freightage. IT, with these odds
in our favor and the power to coin Chi
nese money we cannot control the whole
trade in China and East India goods in
the United States, we must concede that
we are not as smart as the English.
Concerted action among the silver
states with Mexico as an ally, it is all
that is necessary to make the eastern
part of our country realize, too late, that
they have killed the goose-or rather
educated her to hide her eggs out of their
reach, and they can then go on hugging
the gold standard until they will pay a
silver dime to 20 into museums and gaze
upon a cold coin. Becansa undar that