The times. (Owosso, Mich.) 1882-1897, 1896-10-23


Little Cottonwood. in Utah, where the
celebrated Emma mine is located; at
Leadville, Col; at Eureka, New, and
In many other localities, lead ore is
mined mingled with silver. 1t pays
handsomely to mine the lead, and
again the silver is practically a BIZ
product and all clear gain. In every
mine in which gold is found in quartz
formation the gold is mingled with the
silver, which must be extracted before
the gold is commercially available. In
this case, again, silver is the bi-prod-
uct of another industry. The census
of 1890 shows that the total number of
men engaged In the silver mining bust
ness was less than $4,000, and that more
from the ores of other metals-as the
bi-product of some other mining indus
try. That census report also shows
that the total commercial value of the
silver product (s57,225,OOO) was less
than one-half of the value Of the prod
uct of the patriotic, Woodworking
Aemerican hen. You will therefore see
ties Of silver every year which would
pay them we'll If sold at 10 cents an
ounce.
But this is not ALL At other mines,
such as the Granite Mountain, Mollie
Gibson, Last Chance, Big Bonanza, the
Comstock lode, which has made Sena-
tor John p. Jones the real leader Of the
silver party, a millionaire, twenty-five
times over, and many more of the
greatest producers, the cost of mining
silver is so low their proprietors hug
jealousy the secrets of their balance
sheets. But it is we'll known that from
1890 to 1893 millions of ounces of sill
yer were offered to the government,
which cost the miners not to exceed
10 to % cents per ounce, delivered at
the treasury in Washington. Even
when silver was down to the neigh
borhood of CO cents there was wild
scramble to sell and the output con-
tinued to increase.
1t is obvious then that it is the mar
ket for and not the price of their prod
uct that worries Senator Jones with his
S25,000,000, Senator Stewart with his
100000, David Moffat with his $4O.-
100000, and the other members Of the
silver trust whose wealth is aggregated
at $547, 100000 1t is to obtain a market
that these patriots CD have for twenty
years maintained the most expensive
lobby ever sent to Washington by any
special interest; which lobby, headed
by General a. j. Warner, has kept up
continual knocking on the doors OF
congress, alternately threatening and
demanding, or begging and entreating
for the resumption of free and unlim'
tied coinage.
How do they propose to make mar
ket for their product?
First. by driving out Of circulation
5000, 100000 of gold coin. That would
necessitate the issue of 1,200,Oo0,0O0
half-price silver dollars to fill up the
gap in the circulation and restore an
equivalent in purchasing power. BY
this means they would market 9O7.-
100000 ounces of their product
Next, they want to bring our $685.
900 of silver, or paper representing
the tons Of silver bullion now lying in
the treasury vaults, down to its bull
ion value and thus reduce its purchas-
ing power one-half. This would have
precisely the same effect on the pur-
chasing power of our $617, $50, 900 of 9TH
er paper money redeenable in coin and
which would have to be redeemed in
silver dollars at their bullion value
One-half of this circulation would thus
be practically wiped out and annihi-
lated. The people, In whose pockets
tills or banks that S1,243, 100000 now is,
would find themselves robbed of $621,-
604,500 Of the money for which they
had toiled and sweated. by an act of
congress in single night. For whose
benefit? For the benefit of the needy
patriots, who, with only $547, 900
among them are making a desperate
struggle to keep the wolf from the
door
1t is thus that Mr.. Bryan lowers the
common people.
This additional loss of purchasing
power would have to be replaced by an
issuse of 1,243, 100000 half-price silver
dollars, either in coin or paper and
would enable the miners to market an
additional 1.O65, 1927, 900 ounces of their
output. The total loss to our circula-
ton, including the loss Of our gold coin,
would amount to over $16 per capita
and in the ruin which would follow so
awful and so sudden a contraction of
our currency the bonanza millionaires
alone would reek with riches, for in
restoring to their dearly beloved COM
mon people the equivalent in free COIN
age silver of the money of which they
had been robbed, they would market
1872, 1927, 900 ounces of silver. Estimat-
ing their property only 80 per cent, and
as have shown itwould bemuch more,
a free coinage law would put into the
Golfers of the silver kings a profit of
1856, AGA, 900, a profit unparalleled in the
history Of human greed and avarice.
A Few of the Forgeries.
Yankton Gazette: Here are few of
the many forgeries used in the cam
sso.~.., L., tte &c T.onlr ont For