The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-23
1t Costs huoh Lens TO Mlao It Than It
Doc, tu filne silver.

| Doe, to fiine silver.
Ore Of the oft-rcpcuted statements OF
republican newspapers ard orators and
Of their allies. tGe gold democrats, is
that the abundance of silver ore and the
chtnrncss with which the metal can be
produced arc the cGuscs why people of
this and other countries will not, and
should not sanction its free"coinuge, as
q redemption money, at the ratio of six
teen 10 one, or even the French ~ ito of
fifteen ard one-half to enc. If this ica-
gonirg Lc accepted the truth is /, is gold
which Should be dcmonctzcd, 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 of the earth
| the silver in dollar costs the Colorado
| mlrcr Is c,.nts, while the South African
| Eold in dollar costs but 25 cents to
mine. These figures the gold-stnndard
men never reveal. though practically ac-
| quainted with them, for this campaign
Is made 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 the yellow
metal ns compared with the white Is
only little more than G3H cents, and
so their present Sullion prices should
be exactly reversed. According to the
,trictly interpreted logic of the Shylocks
gold Is the cheap and debnscd 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.
Ey periods, from 179? to 1902
Production of gold from 1872 to
Production OF silver from i've to
lS50 ...,.............,........ lGSo'2l7COO
Excess Of production of silver
Production Of gold from from 1850 -''''''''
(gcld of California ard Aus
1S73 -. l,15o O25, 900
Excess Of production Of gold,
rrcduction q gold from ISIS to o.. ~ ,'0o''Y wv
Production OF silver from lsTS to
1872, Inclusive Vo...,.,.,.......... e,2ci, 4lS,cco
Excess Of, production CT silver
Total prediction Of geld from '--''''
1850 to 1872. inclusive. 81 1885, 720 COO
Total production Of silver from
1870 to 1872, Inclusive. s,414444, 900
Excess Of rroGnct'on of gold
oyer silver from 1850 to 1892. In
Total production 81 gold from
1872 70 1902 inclua o. ,. .....s5 .OcS Dos. .oCo
Totnl rrcductlon ~ silver from
1892 to 1852, lnclu SIVo, ,,,,,,,, 80 e. 104 061 COO
Excess Of production OF rold
1902 to 1892; s52s.947,Ooo
shows that from li92 10 1870 the
production OF silver was about
double that Of gold Cor part
OF this period, or prior, to the
ir,crcese In the production
Of Fold from Russia, the pro-
duction OF silver was moro
gold. yet. with coinape free,
the ratio OF silver to Fold
did not chanFo: on the other
hand, from 1881 to 1873, the rro-
ductlon ot gold exceeded that
Ana d stn ihcre was no chrnrc' ;;'i'''0OV"
In the rntio,, as all Of both
metals was absorbed In coin
ore or used IN tho nrts.
Arn'n. the rroducticn ~ silver
has slightly exceeded that OF
gold from 1873 ~ 1899. the ex-
cess. however, beng but. 49,. 1908 ,522. coo
Iut with silver dcnionctlzed.
change In the ratio has rome
on. TIL II has reached about
thirty to one.
ff, eF9in, we t'l'c THO or''rc re
riod from 1870 to 1879. tho r~o-
tucticn &C gold has exceeded
that Of silver by..,..,.,..... Isl III ,cTs 0to
Showing exclusively that it Is not
the excess of silver production that hos
caused fall in silver, but the cXclu-
zion ofsilvcrfrom free coinage, thus con-
centTnting the entire demand for money
or gold, that has caused the cnor-
rcus rise in "a. ard n correspond
ing fall OF silver, and Of prices gcner-
~