The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-03-21
THE PEoDUCTroS or GOLD AND
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Erererr. NARA q. sNs
To thk E1EDr- In y0zr Assszf % S2r5sF-
Azy ge1 rAolizzsez better s4Enezs W. g
Parser. szElsied- "A PI4z 70 Isscrszse s5ar
Rro11Eszon 81 Cod - sAsxh there -
50 zHra xense Ex1oFanc< assEslzyea xA2t
sas writer essssd rot sezp zssxsrizzx x
Mr. Parker kays. There - s1r Zrrls
aossot zazs the dspxecnxed szzue ef silver
hnszscn - 61e 10 TIE excszs o. ~ pro-
aarrtsa av<r THAI at xos1 In ls11-z. when
tae Suspas 81 xsid Mas equal 90 thai Of
ss1Ts- taAezx g. - - cf each per an
nssns. silver Was uu<xa 10 per ozncs-
n grgsAuszs years wesz tie proSacEs
- eosd w1s greatly Ia excess silver vas
szsaz higher. a1s stree ls-7 the -ztse o. the
productions Of xus1 70 that c< silver hzx
ne~a st<aaxfy decreasing During she past
s~vxn years she zanE&s pro6sscsson Of xsl-
yer has been zsore fEsan Scahle fhax CT
geld and silver has Gepr~czzs=2 - Aao9<
fnFgr that silver has Deprecated A~e2Ese
We zave not as2Se . corresponding output
az geld. aa1 that we zsuxT pro<tacs rsore
COS IL ne would zse Cur sisyeE-
again According 20 the otfckas re-
port OK abe director % The InisEd States
mint. the oaspa- % silver In the Irfted
States IA 1873 w&s emily Sc, 60. while The
psoSzcsscr cs enS9 anscrnse1 % 81. ~. sss-
Since thax period net Only has the STo-
92erf0n OF SILVER greatly increased. bat
the pro&9cr5ca Of gold has gradually de-
creased fzi,xnx N 1sxz 20 80 go. and
the average annual oaspas OF isS-ss has
been Only about czs-naif the production
q fss
Nov. 40 90 the facts In the case the
figures given and statements made ~ MI.
Parker refer solely TO the pro61c ton OF
the United States. aad bear no relation
whatever 10 the facts regarding the pro-
ductson OF gold and silver Of fhe world.
Surely. Mr. Parker does nos ask any In
tellfgszt p<rDon 10 believe that The pro-
dactson OF the United States alone Ia gold
Or silver determines the value Of these
metals. According TO government stats
ties the price or silver for nearly l0 years
previous 10 lS7s tfhe year IL Was denoz<-
ttzsfD varied scarcely 4 cents per oEn-e,
The price ranging from $I-3 TO rsE Per
ounce. and yet daring this interval. at
ous time. according 70 Mr. Parker In lSs5s
The production Of the United States In
each was the same. or g. 66e1, while
during another year In the same inter-
val IE5. according TO Mr.. Parker. the
production OF silver by the United States
was only Sssse. while the gold r'rodnc-
ton for the same year Was 49,
ss.ssa. Notwithstanding this enor-
nous difference In the production OF the
United States. the price CT silver never
varied eenss per eunce- IL In not neces-
sary here 10 enter into any reasons Why
this variation was practically nothing
during this time. the facts Ia the case are
sufficient
As 10 the amount and production OF
silver and gold IN the world few figures
are here given TO show how absurd this
cry OF overproducsion OF silver Is. As
both geld and silver are indessructsSfe.
the total amount OF each tn existence.
both coined and uncolned. should be con-
ssdered together with their annual produc-
ton
Mulhali. the London statixtician. states
that In 1910 there were e tons Of silver
TO one ton Of gold in the world. In 100.
u tons Of silver re- ore ton Of gold. In
100. = tons Of silver 20 one ton OF gold;
i IN lsss. 81 tons Of silver 20 one ton OF gold:
IN 1880. - tons Of silver TO one ton OF gold;
in 1850. Is tons Of silver 10 one ton of gold
Now, as 10 the annual production OF the
world Of gold and silver In recent times: