The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-20
it Costs Mueh Lcss Co Mino 1t Than II
Docs to Mine silver.

Docs to Diino silver
One of the oft-rcEentcd statements of
republican newspapers nna orators and
of their allies, the gold democrats, is
that the abundance of silver ore and the
chcapness with which the metal can be
produced are the causes why people Of
this and other countries will not, and
should rot sanction it's froe.coinage, as
o redemption money, ot the ratio Of six
teen TO one, or even the French ratio Of
fifteen and one-half to one. II this rea-
Boning be accepted the truth Ia it is gold
which should be demonetized, for it's
production during the past so 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 ofthe earth
the silver In u dollar costs the Colorado
miner 55 cents, while the South African
gold in a dollar costs but 35 cents to
mine. These figures the gold-standard
men never reveal, though practically &c
qunlnted with them, for this campaign
Is made on fulsehoods which they hope
the people will not find out Based on
the cost of the production of both metals
the Just market price of the yellow
metal as compared with the white Is
only little more than cay cents, and
so their present bullion prices should
be exactly reversed. According to the
,trictly interpreted logic of the Shylocls
gold is the cheap and debased 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 silvor.
By periods. from 1872 to 1892
Production of gold from 1902 to
Production Of silver from i've to 0''10
1850 1850, 600
Excess Of production of silver
Production OF gold from 1850 !,
gold of California and Aus
tralia) to 1879 81. ia. S25. 900
Production of silver from 1850 to
lof3...... ............-............. IlboO2o,OOO
Excess of production of gold
Production Of gold from 1873 to
Production Of silver from 1873 to '-''''O''''OO
1892 Inclusive. 2.2c4. AS. 900
Excess Of production of silver
Total production Of gold from '''
1850 to 1922. inclusive. "a, ,7S5, ,720, 900
Total production Of silver from
1880 to 1852. Inclusive. .,....... :. 3.414A4.ooo
Excess OF production OF gold
oyer silver from 1850 to 1899, In
Total production OF gold from l'-'''''0
1892 to 1892, inclusi''e., .s5, ,6S3 90S 600
Total production OF silver from
1882 to 1872. inclusive. & 104 0G1 000
Excess of production Of Poid
1902 to 1892; .,..; .,,'.....s.,..... s52s.s47ooo
shows that from li02to 1880 the
production of silver 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 more
than three times that OF
gold, yet, with coinage free,
the ratio. OF silver to gold
did not chanre: on the other
hand, from 1871 to 1879. the rro-
dYction 9f gold exceeded that
And stii. there was no chnnGcs s''''''VO0
in the rntio.. as all Of both
metals was absorbed in coin
aRe or used In the arts
Again. the production OF silver
has slightly exceeded that OF
gold from iS73 TO 1892 the OK
cess however. beng but. t...... 1908, So, ono
Tut with silvcr dcmonetizcd a
chanFe In the ratio hns rome
on TIL II has reached about
thirty to one.
tf, again. we take the cr.irc pc-
rlod from 1850 to 1892. the rro-
dnction OF gold has exceeded
that or silver by...,........, ...g .371 .2i8,0Oo
Showing exclusively that II Is not
the excess of silver production that has
caused fall in silver. but the exclu-
ZION ofsilverfrom free coinage, thus con-
ccntrating the entire demand for money
on Gold. that has caused the cnor-
nous rise in rold. and correspond
ing fan CT silver, and Of prices gcner-
rliv