The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-16

1t Costs Riueh LeSA to Mine it Than It
Does to Mlno silver.
One of the oft-repcatcd statements of
| republican newspapers ard orators and
CT their allies, the gold democrats, is
TINT the aLunGnuce of silver ore and the
chcnpncss with which the metal can be
produced are the causes why people of
this nrd other countries will not, and
should rot sanction its free coinage, as
o redemption money, ut the ratio of six
tccn to cHc, or even the French ratio OF
fifteen and onc-hnlf to o<ie, II this rea
uoning lie accepted the truth is Il i, gold
which should be demonetizcd, for it's
production during the past 80 years has
been relatively much larger. in coin
value, than that of silver. and the cost
of its production is now much less. To
day, for instance, to get out of the earth
the silver in o dollar costs the Colorado
miner 55 cents, while the South African
gold in n dollar costs but 35 cents to
mine. These figures the gold-standnrd
men never reveal, though practically ac-
quanted with them, for this campaign
Ia made on falsehoods whidh they hope
the people viii not find out BASED on
The cost of the production of both metals
metal aH compared with the white Is
only n little more than 6ah cents, and
SO their present bullion prices should
be exactly reversed. According to the
,trlctly interpreted logic Of the Shylocks
gold is the cheap and dcbased me tai and
silver should be the standard and inter
national coin, being the dearest one. In
this connection the following statistics
nre instructive:
The Production of Gold and Silver.
By periods from 1Tf? to 1892
Production OF gold from l792 to
Production OF silver from fIs to Y', '
loO0 '.......-.................. 1.G0IICO0
over gold -. .......,............... ssi2O3i.oCo
gold of California and Aus
traln) to 1873. ,724 s25, 900
Production OF silver from 1860 to
1913 .....'...,..........,...... l,lJOO25.OCO
Excess .oe production of gold
Production q gold from iS7s To- to 1890
Production Of silver from 1873 to '''''
1892. inclusive. e........,........... 1894 4s,cco
ever gold 80. I....:,...... s2o3.522.O 900
1850 to 1S2. Inclusive: "a. .7s5. .O.COO
i'oiai production Of silver from
1850 to 1892. inclusive. :. 3414.44i.00o
Excess CT production Of goid
over silver from 1850 to 1se9, In
rotai production OF gold from i''i4'''OVV
1872 10 1892. inclusive. 800. ..s5GSS. OCO
Total irHduction Of silver from
1852 to 1852. inclusve......... -. b10f. .961. COO
Excess OF production OF goId
1902 to 1892; ...:..,,......X...... s52s,o47coo
shows that from li92 TO 1870 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 moro
than three times that of
gold. yet, with coinage free,
the ratio of silver TO rold
did not chanre. or the other
hand, from 1870 to 1873 the rro-
duction q gold exceeded that.
Ana Al saT sfi there was no ciangc n'''S0000o
metals was absorbed in COIN
age or used In tho arts.
Again. the production Of silver
has slightly exceeded That OF
gold from 1873 TO 1899, the eX-
CeHS, however, bong hut..,..,. f2cJ 02S, ono
Rut with silver drnlonctlzed
change In tho ratio has zorro
on TIL II has reached about
thirty to one
ff. again. we tnlve the entire rc-
rod from 1850 to 1892 the pro-
duction ef gold has exceeded
that of silver by..........,,. 81 271 ,27s oco
Showing exclusively that it is not
the excess of silver production that has
caused fall in silver. but the eXclu-
sion ofsilverfrom free coinage, thus con-
ccptratlng the entire demand for mcrcy |
on gold, that has caused the cnor-
nous rise in r1ld. and correspond
ing fall of silver, aud Of prices gcncr-
n1l