The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-20

next ten days, Captain John r, De
Lamar, owner of the Jim Crow and
Monitor gold properties in the Fergu-
SON district Will reach this city on
hi.e way to the south. He has just re-
twAsd from Europe, where he sold his
interest in the famous De Lamar
group in Idaho. to a French syndicate
and he is now in Denver. The cap
tains visit to Ferguson will be for the
purpose Of being present when the
new mill commences actual operations
in March. It should not be any very
great length Of time before the plant
IS ready for the treatment of ores. The
tanks have just been received. and
this practically winds up the delivery
OF machinery. Both of the properties
are showing up extremely we'll in gold.
aI6 the output Of that metal from the
mil should be heavy.
Captain De Lamar arrived in Den
Yer on Saturday, and to a represen-
tatiVe of the Rocky Mountain News.
gave the following interesting inter
view on the probability of faVora BILE
silver legislation:
There has not been a time for years
when the prospects were so favorable
for the white metal as at present
Germany and England are moving
with rapid strides toward free coin
age, and even the brokers of New
York confess they killed the goose
that laid the golden egg when they
Smote free coinage. There is no such
thing as speculation in the country.
and l found many of the Wall street
men who agree with me- that specula-
TON can never be restored without the
UseA Of silver. One thing is certain
Wall street viii not interfere when the
decisive vote on the restoration Of free
coinage is called for in Washington"
New York" continued the
speaker, many of the large compan-
les which have important business in
terests in the west have discontinued
the use of private telegraph wires, and
firms that were spending 500, 900 to S75.-
GOO year for telegraphing are now
making use Of the United States mails.
Vast sums Of money that formerly
went into the pockets of large corpora
tons have dWindled out of sight, and
thousands of wealthy men are feeling
the blow which they themselves dealt
upon silver"
The captain acknowledged that it
gave him a certain kind of delight to
meet such men and answer them that
they are reaping a just reward for
their bitter opposition to silver.
Must Recognize Silver.
1.-THE sentiment among headed
business men-and I might name
Standard Oil officers in the number
is that there must be q recognition of
silver and that free coinage must be
restored. Indications point to the re-
opening OF the minis of India at an
early day, and it Will be followed by
n fsaFsa +l11 ffn.1
among the leading nations of the
world. Two important factors in the
rehabilitation of silver are seen in
Europe. One factor is Prince Herbert
Bismarck, of Germany, and the other
is BalfOur. who seems destined to be-
come prime minister of England. Bis
rneSek has declared openly for free
coinage Of silver and Balfour is equally
outspoken. The Tory party is likely to
gain the ascendency in England almost
any time. Changes in governmental
poNys6s are brought about in England in
MINI less time than in the United
States. There is clamor for silver in
England and Germany which cannot
much longer BIZ resisted, and the sill
yer men are becoming more aggressive
and confident every day. There are
other people in the world fighting the
battles Of silver besides the silver adj
TOcates Of the United States. and free
coinage is bound to win. The paralyz- !
ing effect Of the past eighteen months |
or two years has convince and many of |
the best financiers of all countries that
q gold basis is not What the world
wants"
Restrict the Silver Output.
Speaking further, Captain De Lamar
presented plan which he thinks win !
meet the objections of the gold wor-
clippers ana can be carried into prac-
teal operation. His plan contemplates !
the restriction of the silver output so |
that two objects would be attained, the |
price of silver would be kept up and
the opponents would no longer claim |
that civilized nations were threatened !
with a flood of silver.
When the monetary conference |
meets" said Captain De Lamar, st can \
estimate the amount of silver that the |
business Of the world requires, and |
knowing the output of different coun- |
tries, regulations can be adopted so /
that persons shall be prohibited from
locating new claims until after a speci-
fed length Of time. The average silver {
mine is worked out in two to four /
years, and it is not impossible to reg
ulate the output of the silver countries
within reasonable limits There are /
different ways of limiting the output |
without working hardships on miners
of1hine owners. At the close of the /
ctH war the silver product was 4U.-
00o,00o ounces a year. In twenty-five !
years the product grew to to 200, Q00. 600 |
ounces a year. Is it any wonder the /
goldbugS got scared? The problem is (
solved through the plan Of restriction" /
GERMANIA GETS FIRST BLOOD. 4