The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-09-22
COLD rHE oHEAPER pRopucr.
It Costs Much Less Co Minc It Than II
Doea to hlina sIIver.

Does to niine silver.
One of the oft-repeated statements oI
republican newspapers and orators and
of their allies, the gold democrats, is
that the abundance of silver ore and tho
chenpness with which the metal can be
produced nre the causes why people OF
this and other countries will not, and
should not sanction It's frce-ccinage. aa
a redemption money, ut the ratio of six
teen to one, or even the French ratio OF
fifteen and one-hnlf to one. II this rea.
soning be accepted the truth Is II Is gold
which should be demonetized, for its
production during the past so years hna
been relatively much lnrger, In coin
value. than thnt 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 dollar costs the Colorado
miner 55 cents, while the South African
gold In dollar costs but 30 cents TO
mine. These figures the gold-stan I'd
men never reveal, though practically nc-
quuinted with them. for this campaign
10 inade 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 tho yellow
metal ns compared with the white ia
only little more than 0sh cents, and
80 their present bullion prices should
be cXnctly reversed. According to the
strictly interpreted logic of the Shylocks
gold Is the cheap and debnsed metal and
silver should be the standard and inter
national coin, being the dearest one. In
this connection the following statistics
nrc instructive:
Tho Production of Gold and silver.
BY periods, from 17s7 10 1892
Production Of gold from 1902 to
Production OF silver from ina to i'0''0'
1850 ...................,.. 1850. III. 900
over gold .........:..............: ,s4s,osi 900
(gold OF California and Aus
trelial to iSs. Ia, ,r2t s2s. 900
Production OF silver from 1850 to
1913 -. l.l60.025,OOO
over silver. :....:...........,.., .,i,S7a 900. 900
isa2. ..,.oeo, 50, 900
iSs, Inclusive. ..sel as. 900
Excess OF. production OF silver
Total production OF gold from
1880 to ls?2 inclusive; N.Ts5 12o 900
Total production Of silver from
1850 to 1892. Inclusive. :. atil.l44.0oo
Excess OF production OF gold
oyer silver from 1850 to 1898. in
Total production Of gold from
17a2 to 1892. inclusi.e..... t5 633, ,908, 900
Total production OF silver from
1902 TO 1897 inclusive........ -. B104, ,Q6f, 900
Excess OF production Of gold
i7os to lsoi ,;;:;...s s....,.. s6ss.o1,Wo
shows that from iisi to 1SqO tho
production OF siivcr was about
double that OF gold (for part
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 rntio OF silver to gold
did not change: on the other
hand. from 1850 to 1873 the rro-
duction Of gold exceeded that
And still there was no change '''''''''
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 is7s TO issa the eS- Z
cess. however. being but. ....... t205, 522, 900
Dut with silver dcmonetized. a
change In the ratio has gone
on till II has reached about
thirty to one.
r. again. we take tho entire Pc
riod from 1850 to 1899. tho pro-
y duction Of gold has exceeded
that OF silver by,............ ...n III. S7S. .0g
Showing exclusively TINT IL Is not
the excess of silver production that has
caused fall in silver, but the cxclu.
sion ofslverfrom free coinage, thus con-
ccntrating the entire demand for money
on gold, that has caused the cnor-
nous rise in gold. and correspond
ing fall Of silver. and Of prices gcner-
ally.
Arkansas evidently believes In the