Arizona weekly journal-miner., 1895-07-03
NO. vI.-DUMPING SILVER

NO. VI'-DUMPING SILVER
 ON US.
 It is said that if we open our hints
 to the free coinage of silver at tn 2
 ratio of Is to 1-16 ounces of silver
 to one of gold-all the silver in the
 world will come to our hints and
 we shall be overwhelmed with it. If this were true it would be the first example in the world of a country
 being overwhelmed with good mon- ey. There never was a nation yet
 that was overwhelmed with silver money. There never was a nation that had more silver money than 1t had good use for, and there never will be.
 The world would not pour silver upon us. The metal would be as high in price in other countries as here, so that there would be no pro fit in sending it here. On the con- trary there would be a loss, fer silver is valued higher in compari- son with gold in all other countries than in in ours. In our country the ratio is Is to that is Is ounces of silver to 1 of gold. In France, Belgium, Mexico. China and the Central and South American states it is 154 to 1-that is, I59 ounces of silver to of gold. There would be a loss of half an ounce on every pound of silver brought here.
 Besides. the other countries have no silver to spare. The whole worlds production of silver in 1893 was S202, 65,000-and nearly two thirds of this, Sl35, ,389, ,753 W as coined into money and a large part of the balance went into the industrial arts. In the year 1892, nearly four-fifths of the entire worlds product of sil- yer was coined. In the year 1891. out of total worlds product of $177, ,352,3 300 of silver, Sl3S, ,294, ,367 was coined into money in the coun- tries of the earth, and the industrial arts consumed large proportion of the balance, if not all of it. Even if our hints had been open to the free coinage of silver in the three years
 
 have left to us only S74,000,0O0 in 1893, S42,000,000 in 1892, and S39,0O0,- | 600 in 1S9I-an allowance which | would have fallen far short of over whelming us; indeed it would have | fallen short of satisfying our wants. |
 1t is a mistake to suppose that the | world is gorged with cheap silver for which there is little or no use and that the throwing open of our hints would attract it. Every nation on the globe needs more and more silver every year, and there is not enough produced to satisfy them. Mexico coined in 1893 S28,- ]00O00 silver; Austria Hungary, SlS,- 100000; Japan $12,000,000. and other nations smaller amounts. Even gold standard Great Britain coined over S7, 100000 in silver for small change; lnd it is certain that if we should adopt the policy of free silver coin lge at the ratio of Is to l the other nations would never allow us to nave enough of the annual product o hurt us.-St. Louis Post-Dispatch.
 NO. WILLOW TO MAIN TAIN PARITY.
 In coining gold and silver into money, their relative value ought to 'e carefully determined-that is. it 'ught to be ascertained how much n ounce or a pound of one metal is gorth in the other. This is called he ratio. and when it is ascertained nd fixed by law, it ought to be ad- ; cred to, and the parity thus astab- i shed carefully maintained. There will occur slight variations 2 the ratio, as the mines of the ToTld nraa''ee --ore of first, one .aa and then, ol the other; but ( lese s..ght variations will be of lit a