Phoenix weekly herald. [volume] (Phoenix, Maricopa County, Ariz. Territory) 1896-1899, 1896-07-30
NEW sERIEs-yoL. XXI. NO. 81.

EDITOR KEAN Sr. CHARLES, of til,
n Mineral Wealth, Populistic sheet,
Kingman publication, quotes the follow
: ing from the HERALD aud prooseds tt
! show his fanatical i'm bioility by indulg-
ing in abuse OF the HERALD during
which he shrieks OUT lot of assertions
for which be has not single proof OF
even the backing of log cal deduction,
in fact has apparently failed to compre-
herd the import of the few lines that
enhamed his unreeeon. Hear they
are:
''Oan any Demoofet or any Populist,
or any Popoorst, tell the people in what
respecS the free coinage of the silver of
the world by our Governments mints
would be an advantage to the silver
miners of the United States; OF in what
respect at would be a benefit to che
business of the United Stetes?"
Worse than that, be refers. az an an
swer to toe offending question, to an
article on his first page which be heads
"SilveR Will Give Us the Markets OF the
| World" taken from the Cincinnati In
qU!rer, but which has no reference to,
and was never intended to take up or
refer, even, to the matter OF dumping
the silver of the world into the United
States mints. He. then added an !
original (?) thought, of his own, that
"were We to have free coinage of silver
it would jump to 81 30 an ounce"
mere, unwarrsuted assertion, but which |
has against the idea conveyed the
immutable law of ssupply and demand.
This erudite editor ignores thefacs that
the United States produces about half
the silver of the world and that the
wbols silver product of the world-Iast
year was $165, 100000 ounces, the United
States producing as little as possible,
worth al present quotations, say 6815
cents, for convenience, which would
make total valne of 81, 1902, 500, 900. or {
about SIT per capita for population of
68, ,0O0,00O, liberal estimate of the pop
ulation of the United States. He
ignores the fact that the United States
can double her product OF silver within !
q year it she chooses and that an at
tempt to coin she silver of the world
would set at work the peon labor OF
Mexico, of the Central and South r
American countries, Spain, Australia,
Russia, Japan and ali other great silver
producing, cheap labor countries OF the f.
earth, and which could reasonably be =
to increase their product as .
.apldly as this country. What would ,
% the logical consequence, under euch
of law compelling our :
hints to coin the foreign product as r,
veil as ouF own, free OF expense?
Would the laws Of competition, Of sup =
,ly and demand, be suspended in such
CHS0- are bI61 SsSE. SUspSl0S0- Ii
lot, then the value of American silver T.
mining property must suffer, she value a
t American silver itself must suffer, n
hs American silver miner must fall to D
he level of the Mexican peon OF the "
russian serf The HERALD believes in n
he protection of American silver, OF re
American silver miners, OF American 81
mines and the enterprise of the United lie
states will furnish sll the silver that al
he business of the country will use NJ
ghen bimetallism has been secured to
IS by rasionsl and business processes .,
hat will not impair either the credit of .,
he nation or OF a single individual. n
Hive the Silver of the United States a =,
hence in its own country. ..
THE following is statement of the in
opulation and debt per capita of nine &C
{ the greatest nations of the earth: st