The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-06
], Costs mueh Les. to Mino 1t Than Il.

u Costs Much Less TO Mino It Than 10
Docs to Mine silver.
One OF the oft-repeuted statements of
republican newspapers ard orators and
of their allies, tAc gold democrats, is
that the abundance OF silver ore and the
chcapIcss with which the metal can be
produced arc the causcs why people of
this and other countries will not, and
should not sanction its fyee-ccinngc, as
Il redemption money, at the ratio of SIX
teen to enc, or even the French ratio Of
fifteen ard onc-half to one. Ifthis rea-
coming lie accepted the truth is il Is gold
which should be demonctlzcd, for it's
production during the past so years has
been relatively much larger. in coin
value. than that of silver, and the cost
of its production is now much less. To-
tny, for instance, toget out of the Garth
the silver In % dollar costs the Colorado
miner IS cents, while the South African
gold in dollar costs but 35 cents TO
mine. These figures the gold-standarl
men never reveal, though practically ac-
quaintcd with them. for this campaign
Is made on falsehoods which they hope
the people will not find out. Based on
The cost of the production of both metals
the just market price of the yellow
metal as compared with the white is
ouly little more than G3M cents, and
30 their present bullion prices should
be exactly reversed. According to the
itrlctly interpreted logic OF the Shyioclis
gold is the cheap and debnsed metal and
silver should bc the standard and inter-
national coin, being the dearest one. In
this connection the following statistics
nrc Instructive:
Tho Production of Gold and Silver.
Ry periods. from 10? to 1859.
rreGuction of gold from 1892 to sS,O 90, ooo
Production OF silver from i've to
1850 1850, ,2l7. COO
over Gold =. ...y.......... ss42.osl. 900
(gold of California aud Aus
tralln) to 1879. .s2,724. 900
Production OF silver from 1850 to
1873 =. 115O OPS, 600
over silver. .574, 900
1892, Inclusive. ......,... Sc Ooo SCI. COO
Production OF silver from 1873 to
1892, inclusive. 2,2G4, ,4Is,cco
Excess Of. production OF silver
Total production Of geld from
1850 TO 1872, Inclusive: ...., s47s5. 10000
Total production CT silver from
1850 to 1895, inclusi-e, ......... :. shL4i4,0o
Excess OF production cf goid
oyer silver from 1850 to iSg9, In
Total production OF gold from - ''''''0''
1892 to 1882, inclusive. ..S5 633 9CS 900
1862 to 1892. inclusive -. 5,lO4, ,9sl 900
Excess of production OF pold
1892 to 1892: $50. ;.,.,.s,,,.... s52s.sfT.oOo
shows that from 1872 to 1880 the
production OF silver was about
double that of gold (for pnrt
OF this period or prior to the
increase in the production
OF gold from Russia. the pro-
duction OF silver was more
than three times that OF
Pold). yet. with coinage free.
the ratio OF silver 10 rold
did not chanre; on the other
hand. from 1850 10 1873. the rro-
ductlon Ct gold exceeded that
And stu there WIS no change c''''''''V'V''
In the ratio. as all of both
metals was absorbed In coin
age or used in tho arts.
Again. the production OF silver
gold from 1873 TO 1872. the OK
cess. however, hong but... 1905 52o 00O |
Tut with silver dcmonctized n
chance IN tho ratio he's Gone
on till II has reached nhout
thirty TO ono.
H. again. we tnkc the cn,ire 70
rlod frcm 1850 ~ 1889, The rrO-
dncticn n Rold has exceeded
that Of silver by..,....,... 81 si,30 ,2TS.oco |
Showing exclusively that it is not
the excess of silver production TINT hos
caused fall in silver. bit the cXclu-
ZION ofs!vcrfrnm free coinage. thus con-
ccntratlng The nitro demand for money
on gold. that has caused the cror-
nous rise in rold. and correspond
ing fall Of silver, and Of prices gcncr-
nilv