The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-09
It Costs N,u,n i.crs HI.nc - Than 4
Docs to Mine silver.

On, of the oft-rcpented statements of
republican newspapers ard orators and
of their allies, the gold democrats, is
that the abundance OF silver ore and the
chcnpncss with which the metal can be
produced are the causes why people Of
this and other countries will not, and
should rot sanction its frce-coinagc, as
redemption money, at the rntio of SIX
teen TO one, o, even tho French ratio Of
fifteen and one-hnlf to ono. II this rea-
sonlng lie excepted the truth is II il gold
which should be demonetizcd, for it's
production during the pnst so years has
been relatively much larger. in coin
value, than that Of silver, and the cost
Of it's production Is now much less. To-
day, for instance, to get out of the earth
the silver in dollar costs the Colorado
miner 55 cents, while the South African
gold in dollar costs but 35 cents to
mine. These figures the gold-standard
men never reveal, though practically ac-
quaintcd with them, for this campaign
Is made on fnlsehoods which they hope
the people will not find out Bneed on
The cost of the production of bo'h metals
the just market price Of tho yellow
metal Gs compared with the white is
only q little more thon 03h cents, and
be exactly reversed. According to the
strictly interpreted logic of the Shylocks
gold is the cheap and debascd metal and
silver should be the standard and inter
national coin, being the dearest one. In
this connection the following statistics
are instructlve:
Tho Production of Gold and Silver.
BY periods, from 1T9? to 1892.
Production of gold from l792 to
Production OF silver from i've to
1850 1,69O,2l1COO
Excess o., production OF silver
Production OF gold from 1850 '''''
traia) to 1879. ..s2, ,72i 200
Production of silver from 1850 to
1873 -. l,1JO 025,000
Excess of production Of gold.
Production Of gold from iSi5 to '0Y'''V w
1872. inclusive ve.............. ..t2, ,0G0, ,SJ7 0o0
Production OF silver from 1874 to
1872, inclusive ive..............,.. 2,2G5, 4l9, 900
over gold" 80. ..,...,...... 1908, ,5c2.oco
1870 to 1892, Inclusive 7S5. tx. 900
Total production Of silver from
$50 to 1852. Inclusive. :. 3.414444.00o
Excess of production OF gold
oyer silver from 1850 to 1899. in
Total production OF gold from
1902 to 1892. inclusi'e..... So, ,633 $3.50
Total PRODUCTION of silver from
1892 to 1872. incluslve........ -. 51O4 961, 600
Excess of production of pold
l7o2 to 1892 .... ..:,......s...... s52s.e47.Oco
shows that from lis2 to 1870 the
production OF silver was ahont
double that Of gold (for part
or this period. or prior. to the
increase. in the production
OF gold from Russia. tho pro-
ductlon Of silver was more
than three times that of
pold), vet. with co!rapc free.
the ratio. CT silver to gold
did not ehnncc: on the other
hand. from 1857 to 1879. the rro-
ductlon Of gold exceeded that
Ana "stI stl there was no change
metals was absorbed In coi,-
age or used In tho arts.
Again. the production Of silver
has. slightly exceeded that Of
gold from 1873 10 1892. the cx-
ccss. however hcing but, -. 92oa.622.cOo
But with silver dcmonetized. a
charCe in the ratio has gore
on TIL II has reached about
thirty to one.
II. again. we take tho crt,rc TO.
r'od from 1S50 :, 1Sc9 the rros
ducticn of rnld has exceeded
that OF silver by..,.......... Isl .S7i e7S. .oco
Showing exclusively that It IL not
the excess Of silver production that Hos
caused fell In silver hut the cxcln-
ron ofsIlycrfrcm free coinage, thus con-
ccrtvntipg the entire demand for money
on gold, that has causcd the onor-
nous rise in ro'd, and correspond
Ing fall Of silver, and Of prices gcncr-
pliv