The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1894-09-28
Extracts from a speech deiiU
erei by Judge G. N. AID
nedQe of Dallas, Texas.

nation IN this country against silver
to press it down and hold up
gold. They say that is why silver
is deprecated. ] want to show you
why silver is deprecated. In the
first place, you can buy a wagon to-
day almost for a third of what you
could have bought it ten or 20 years
ego. You can buy finished steel
plows for a great deal less than
you formerly paid for the iron out
of which they were made; in fact,
everything that is made by machin-
cry has cheapened. They applied
machinery to production of silver,
and that is what is the matter. Let
me give you an instance: Down
here in Mexico some of our Dallas
people invested in what is known as
the Rosario mine. Several millions
of dollars were taken from it years
ago. The old government records
in .Mexico show it. Upon the side
of that mountain, two-thirds of the
way up, is hole that looks like a
bee hole. The Mexicans went in there
and kept following that vein up and
around until finally they got down
into the interior of the mountain,
and a Mexican could not make
more than two trips day, and the
hole through which he passed was
so small that nearly all the distance
he had to drag the sack Of ore and
crawl on his knees. So it would
take man a whole day TO load a
donkey, and then he had to carry it
long ways-to Monterey, l be-
lieEe-to the smelter. The Dallas
people got an engineer, who went
and located exactly where the bed
of ore was, and then they run a
tunnel under it and g shaft up to it,
so that all they had to do was to
place dynamite there, blast it out
and dump it into the cars; and they
could load a whole train with ore
quicker and easier than the ,Mexi-
can could his jackass. Now, that
is what is the matter with silver.
It's development by machinery has
been going on in every country of
the world, and the consequence is
that silver has cheapened from its
overproduction. / want to show
you how the production of silver
has grown. / want to show you
that the abandonment of il as Q
standard metal was beyond the con-
troll of human agency on earth.
This is the "World Almanac" stan
dard authority everywhere. will
call of TO you the amount of silver
produced in the United States for
each of the years, every ten years:
In 1860 the United States prOdu-
ced $3.50, 900 in silver, in 1870 it pro
duced $40, 900, 900 in 1880 it produ-
ced e3s, $50, 900, in 1890, $40, 464, :
600 and years later $74, 9sg, 900.
1t has more than doubled every ten
years.
Now, we will apply little COM
mon sense as we go along. In 1860
the South made 1000, 900 bales of
cotton. Suppose in 1870 she had
made 5000, 600, in 1880 5000, 900
bales and in 1890 80, 900, 900 bales,
what would cotton be worth? You
could not give IL to a man. That
is what Is the matter with silver.
/ will give you a little more fig
ures on that subject. This is from
a speech made by Hon. Richard
Coke. Nobody ever said he was a
goldbug. He has been frothing at the
mouth with silver mania for the last
twenty years. lam going TO show
you why gold was enabled to hold
its own and remain a precious metal
and why it is that silver has not.
Here are the figures from his speech
In the United States Senate, made
last fall:
''From 1s56-Is6O the production
of gold in ounces was 6,4s6, 262.
This is the average for each of four
years. From lS61-1S65 it was 81
949, $50, from ls66-ls70 it was c.
27O, 0s6, IsFI-Is75 it was 3, 59l,Ol4,
from ls76-IssO it was 5,543, lilo,
from Issl-lss5 it was 4,794, 755,
in 1886 it was 5,I27, $50, 1887 it
was s,O93, 9s4, 1888 it was $685.
4l2, 1880 it was 5,746,95 1890
it was 5,473,63I in 1891 it was
$3.50, IO7, in 1892 it was $685.
272.
Now, don't you soc it stays about
the same all the time? That is
why gold to-day is the standard
money of the wOrld-because there
has been no oyeFprOdUction of it.
Now, let ms take his figures on sill
yer: From ls56-IS6O the worlds
production in ounces averaged for
each year was 29,O95, 42s, from ls-
6I-Is70 It was IS, 4Ol,97 from ls-
66-ls70 il was 49,05l,5sa, from Is
7l-lsT5 it was 63,3l7,Ol4, from IS
76-lssO it was rs, IT'S, COZ, from ls-
sl-lss5 it was 90, OO3, ga, in 1886
il was lQ9,9ll, 900, in 1889 it was
I25, $50, 900, in 1890 it was 1884,
2l3, 900, iR 1891 it was la, 426,.
600, in 1892 it was I52,O62, 900.
While gold stood the same all of
these years, since 1860, silver began !
at 30, 900, 600 and went ap TO. in ls-