Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-01-10
ofrGuREs WONT LIZ"

The iallncy OF the above phrase, M
the expression Of n commonly-acccpied
truth, IL beautifully shown In tho FOL.
lowing extract from the usually aceur.
Ate Springfield Rcpujio1H;
Wells Fargo & Go. estimate tho value
~ tho silver mined ~ Utah iu 1893 hi
Sb,253, pla, aud tho total quantity No 6iOS-
Dos ounces Tho estimate " value ii
made on a basis OF $500 cents pUr ounce
which u called tho export value. This
must mean value NJ tho mines, and in
clude all the coat Of mining and smolting,
and II so it shows that thoro j. profit in
silver mining In Utah NJ tho lowest price
yoi reached for silver bullion, which Was
about o. cents.
After tho foregoing, we need not say
that the Repu5ieua liz what radical
sllveriios would call "gold.bus" paper;
and yet we do feel to say that It Is
rarely drawn Into an error In statistic,
10 fJfliiy IT, size In any contfo.
vursy. Observe, however, the COM
nloto destruction u i,a own point In
tho quotation above, by n blundcr IN
two tgures, and draw from II the con.
cluHion that whereas figures properly
used DO not lie, figures improperly
used can DO made 10 Ito like fury;
II tho total quantity OF Utah's silver
output for 1898 was 5,iO7,5Js ounces,
and the estimate OF liz vRlus was made
upon a basis Of 1904 cents por ounce,
the total value would DO about g., l75,-
7a9 instead Of s., .3s,055. Tho salo Of
silver bullion al 1904 cents when "ihe
lowest price yet reached for silver bul.
lion was about IS cents" would then
indeed indicate, not only "that there
is ptsht In silver mining Ia Utah.
tat also that there are a
vssls populail8a Of silver mine |
o,Eaau IN Utah % demontei that |
lhsy ihsuid not b q, large without a /
gaflian. - bar! have the tine not /
gst sssl ihs, ia order % raise q little |
fza1y money, Toe bullion sEnefs have /
aa4 = zlzEs any such szerGcs - tlls.
SOS, u zoe Rsru5ls1l will take ~
Tslcil All ~oTE = simple problem IN
lsug division, Sc viii nud that : ,IJ7 800
suEcst q SILVER aggrrgaung a total
value Of $3.50, 95i, means = value per
ounce, not OF 8l.0i but Of 73.6L Aud
u without further argument the e..
teemed republican will accept our
hsures on this point, We will accept H.
figures on another one named-tho
lowest market price. All this will
bring US both, by similar line Of
iopip In radically dIH.r,nl cou.
illusions. II the estimated value Of the
product per ounce IL 1894
cents Concluding all the csst Of
mining and smeltiug"), and the mar.
kel price OF bullion gets as low rs
"about Us cents" It shows tina, Instead
Of "Ihere being profit In silver min.
ing 10 Utah." there Is an actual loss OF
nearly cents per ounce, or, on the
total output, something like $4,000.
We do not wish to be- understood a.
arguing either that II costs 1884 cents
per ounce, OF more, or les,, than that
figure, To get the bullion. Neither DO
we reckon much on the Os.cent figure
as the lowest or average market price;
II has been lower, II r. now higher aud
probably VIII remain 30. Neither do
40 believe that silver mining In Utah
has been, 10, or is going to be, unpront.
able. Our contention at this time
merely IL that according to the Rspu5.
ioaH's corrected calculation It would
be disaslfously no.