The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-02
IT Costs Mach Lr-s To Mine 1t Than IL
Doe. to Mine silver.

Does to Mine silver.
Orc of the oft-repcatcd statements of
Republican newspapers ard orators ard
of their allies, the gold democrats, is
that the abundance OF silver Gre and the
chCnpnCss with which the metal can be
produced are the causcs why people Of
this ard other countries will not, aud
should rot sanction its frcc-conugr. as
Il rtGcT;I ton money. at the ratio OF SIX
teen to onc, or even the French ratio Of
fifteen and onc-EGlf to one. IL this rca-
gCpirg c accepted the truth Is 4 Is gold
which should Ee dcmonctlzcd, for its
production during the past 30 years has
been relatively much larger. in coin
value, tEan that of silver, and the cost
CT its production is now much less. To-
tny, for instance, TO get out Cfthc earth
the silver in n dollar costs the Colorado
mlrcr 55 cents, while the South African
gold in dollar costs but 50 cents to
miEe. These figures the gold-standard
men never reveal. though practically ac-
qualhtcd with them, for this campaign
Is made on falsehoo1s which they hope
the people will rot 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
Cnly little more than G3H cents, and
so their present bullion prices should
lie exactly reversed. According TO the
nrictly interpreted Logic Of the Shylocls
gold is the cheap and tlebascd metal and
silver should be the standard and inter
national coin, being the dearest one. In
this connection the following statistics
nre instructive:
Tho Production of Gold and silvor.
by periods from lT0? to 1892.
t'rrSduction CT gold from 1872 to oo,. 90, OOo
rroducticn Of silver from i7S9 to
laOO NEUTRALITY-SUSPICIOUS.. l,CJOsl7.COO
'over gold ss42. .oSl. 900
trallul TO 1874 81, ,72i. COO
ls73 -. l.15o O25oOo
, Excess of production OF gold
PToduction Of gold from ISIS is to- to 10000
1902 inclusive. vc....,,,........,'... a.2c4, ,4lscCo
Excess of production CT silver
Total production Of geld from, -''''--''''
ls59, to lS,2, Inclusive, ,..., 1876, 10000
Total production of silver from
$50 to 1872, Inclusive. :, a.4iL4i4,oG0
Excess Of production CT gold
oyer silver frori 1850 to 1899, In.
elusive ...,...... ,...y;..,. 1871. 27sOOO
1872 to 1892. ircuai''e IS, ,G32 SOS, ,0C0
Totnl prr dnction of silver from
11t2 10 1872, inclusive. =. 6,I04 061, COO
Excess Of production Of Pold
over silver for 100 years, from
An analysis of these figrrcs '''''''
shows that from 1i92 TO 1S50 the
production Of silver was about
double TINT of Fold Gor part
OF this period. or prior to the
Increase In the production
of FOLD from Russia. the pro-
duction OF silver was more
then three ti;ncs that OF
Cold). yet, with coinage free,
the ratio. CT silver to Cod
DID not chance: Cn the other
hand. from 1870 70 1879. the rro-
ductIon Of gold exceeded that
And stn thcrc was no chance ;S'O''VVV0
In the ratio. as all Of both
metals was absorbed In coin
age or used In tho arts.
Again. the production OF silver
has slightly exceeded that of
cess. however, bClng but, -. 12Oo,52sWO
rut with silver dcmonotizcd.
chanre In the ratio has Corc
on. till Il has reached about
thirty to one.
ff. agnln. we tnlrc tho entire rc-
r'od from 1870 tn 1S'2. tho rro-
ducticn Cf Rold has exceeded
that OF silver by.-.......... Isl .3Ti .s1S. 900
Showing exclusively that II Is not
the excess Of silver production that hos
caused a fell in silver. hut the cxclu-
tion ofailvcrfrom free co;ragc, thus con-
ccntrnting the entire demand fer money
on gold. that has cruscd the cnor-
mcus rise in fold, and correspond
Ing fall Of silver, and CT prices gcncr-
niiv