Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-07-11

~ currency neutrality-suspicious. OF
..s.ctures to Capital and Labor.
wages In the Mines.
According TO the 1890 census report
"a total output of the gold mines was
w soo $40 ounces, of coinage value Of
80 sse 744. The total output Of the
- mines reached 81. 1854, SOL ounces,
= coinage value of SOC, S96. 9S8,
.Eor,b fine value of all the silver at the
mes mouth tothe mine owners would
nyactically be about the same worth as
.hs valne of the gold that was mined
rn,nhininc the coinage value of the gold
ond silver output in that year, it was
sTobtlv less than 500, 900, 600, as COM
aarsa with the output Of our mannfac-
trres worth more than &c, ESQ, 900, 600,
IS shown below
GOLD AND SILVER PRODUCT.
Ounces. Coin value.
o,,d ... 1890 500 $50. $50, IA
S,iyer ...............5l,S 54,S5l $685., 9SS
vaire Of manufactures. sss,SS, 476
According to the census report the
vaIne If the gold and silver plants was
1855. 900, 566, to which must be added
Inc values of the mills and reduction
GIANTS worth $50, 362, 772, making the
total mining plant value to be 1886,
a9S 93s. On the side of the manufactur
ing industries we have. hired property
worth 1888, l73, COS and direct cash in
vestment aggregating $4,000, 700, 7s4.
Thus, while the total gold and silver
mining plant value of the United States
was worth 1886, 1923, 33s the total value
II the investments in manufactures was
ten times as much, or nearly $4,000
900, 900,
Where the gold and silver mines gave
employment to 57,307 people the fac
tories found work for so times as many,
or .. 907, $50 hands. Where the amount
Of wages distributed to those who worked
IN connection with the gold and silver
mines reached SAB, 1870, 500 a year it was
nearly 40 times Us much in the case of
the factories, which in the same year
paid out over 81 500, 600, 900 i'll wages.
With 80 times as many factories as there
were gold and silver mines; with ten
times as much capital invested III fac
tories as in the mines, it is still sur
prising to learn that the total value of
the products of the factories was almost
| 70 times as great us the entire value of
the product Of our gold and silver mines,
the latter reaching less than $780, 600,
4 900, while the product value of the fac
tories exceeded So, $50, 900, 900. LII the
| item Of miscellaneous expenses, too
where the mines disbursed $40, 270, 440.
the factories disbursed nearly 23 times
as much, or $454, SID, $50. 1t must fur
Their be remembered that the factories
paid out j 8, 1903, III, 034 for raw mate
rial purchased for their own use, where
as the gold and silver mines supply their
own raw material, from which alone
they can derive their product.
As far as the average earnings of the
employees are concerned, the gold and
silver mine workers have by far the best
Of it, receiving nearly 5000 year more
than the average earnings Of each man
IN the factories, $3.50 q year more than
the coal miners and nearly $500 year
more than the workers in the granite
mines This gives an idea Of the rela-
tive values of the products per man.
The product of our gold and silver
mines was worth, at its coinage value,
SL5S pei capita Of our population In
the same year the products of our fac
tories We're worth over 800 per capita
Of Our population. For each $15s per
capita Of wealth added to the country
through the gold and silver mines there
were $780, more than so times as much,
added through the products Of our manu-
featuring industries 1t should be re-
me.nbered however, that every dollar
Of the precious metals produced is an
enduring addition to the world Us wealth.
They aia the industries of the east and
agriculture everywhere. The products
q factories, on the other hand, are not
generally Of lasting value. being con-
sumed from month to month and from
year to year.