The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-12
Tue PHOiECTIv. FsLLACY.

It seems. that Colorado is furnishing
effective evidence in contradiction of the
utility Of the protective theory. as all
other localities do when fair tests can
be secured. Her senators and repre-
sentatives protested during the recent
silver debate that she would be utterly
destroyed unless her silver mines re-
ceived the protection of compelling the
government to pay the owners OF those
mines sl.29 for each ounce of their silver,
when 1t was really worth only 70 cents
The good sense Of the American people,
however. forced Congress to disregard
their plea and discontinue this ruinous
purchase Of their commodity. and what
is the result? Has that universal blight
befallen Colorado which Messrs. Wolcott
and Teller pictured in such narrowing
terms? By no means. She is, in point
Of fact, recuperating more rapidly than
any other part of the country. Messrs.
J. b. Grant, an extensive smeter of silver .
ore. and j. A. Thatcher. a Denver bank
er, have recently made speeches, and
circular letter is just issued by an as
ISOLATION of business men in Denver,
which all afford most gratifying evidence
that Colorados industries are in a'whole-
some condition. The New York Journal
Of Commerce makes the following re-
marks in the premises:
The address issued by mass meeting
In Il t..
to the people OF the East TO refrain from
their remorseless demand for their pound
of flesh, for 1t could not be taken without
taking the life of Colorado. If the Shy
locks of the East were unmoved by walls
OF distress they were besought TO be
intelligent even in their sefishness and
not to destroy the collateral OF their own
loans, Tor they were reminded that much
eastern capital had been invested in the
State; and IL silver were "struck down"
the people Of Colorado would find it
impossible TO pay their debts, much as
they would desire TO honor them. Now
we learn, on the best Denver authority.
that Governor Waite IS actually injuring
the State, because he does not know any
better than to go on talking now just
as he did last July; he is really in ear
nest, and he cannot understand why he
was set up I'm July to warn the East
that Colorado would not pay her debts II
the Sherman law were repealed, and Is
now expected TO keep his mouth shut
on the ground that "a matter of the most
vital importance TO Colorado is in the
strict maintenance of its credit in all
transactions at all times. and under all
circun stances" We learn that silver
mining is going on and will continue
to be a leading industry Of the State,
but as the government will no longer buy
the product at an artificial price, 1t will
not be pushed as it has been. and less
silver and more gold Will be produced in
the State. Various other industries in
Colorado are doing well, and the State
bids fair TO be the first member Of the
Union to recover from bad times; land
this is due almost entirely to the quick
ening impulses of gold and silver mining"
Bank .clearings have increased three-fold
since August, the deposits have grown
well, the receipts from cattle sales have |
expanded very much, and we are happy |
to learn and glad 10 believe that this |
young commonwealth of Colorado. with |
all its children at school, its men at |
work and its women ready to vote. will |
go forward with ever-increasinS pros
perity. offering i'm the future, as IN the |
past, the most inviting opportunities for |
labor and capital or any State in the |
Union