Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1896-10-30
80
GOV. COLCORD ON COINAGE

Trajectory and fallacous arguments
yet advanced by any advocate OF the
gold standard He says:
Under free coinage the Government !
will simply coin til. silver into dollars
and hand these dollars back to the
owner of the buliioa. So far rs the
value of one Of these dollars, 10 COM
parison with the standard money of
the enlightened nations of the world
goes, it will be measured by its pur-
chasing power. 1t is entirely depend
eut upon itself, with not even a pom
lse of any protection from the Gov
ernment, 1t will be- worth just the
amount of silver it c%onrains, which at
present is about so cents"
The amount Of silver ia q dollar
would be measured at a ratio of 16 to
l which would bring the bullion value
0 81 80 an ounce, The silver which the
present dollar contains 10 worth about
SO cents, yet all over The country a silver
dollar is as good as a gold dollar. The
Governor Immediately retracts his ar
gument in the following:
AS matters DOw stand Il mire pro
ducing 10. 900 ounces Of silver bullion
per month will pay the monthly wages
Of fifty-three miners at 81 per day III
gold. With the adoption of free coin
age 5000 ounces Of silver bullion, or
one-half of the original amount will
do the same thing in silver. The other
half will be clear profit to the mine
owner, unless the owner voluntarily
pays the miner eight of these dollars
for each days work. Will he do
80? Not to any eXtenI-dnd not at all
where the wages of miners now are,
and have been held at 81 a day for
thirty years, as on the COmstock, Sill
yer City. Bodie and elsewhere.
II 5000 ounces or sill Yer bullion will
pay under free coinage twice as much
cause the bullion value will be doubled
and this being the case the miEeowuer
is making money where he only kept
even before ana the miner who is paid
in silver loses nothing, The enhanced
value of silver bullion will euabie the
mine owner to extend his mining op-
erations, work ore OF lower grade and
put on more men. The extra low grade
ore he produces also contains between
40 and so per cent gold, a circumstance
which the Governor appears 70 have
overlooked. He continues as follows :
Then when a miner goes to the store
to get a pair Of boots, worth (under
our present sound money SYSTEM 81.
he will have to put up eight of these
silver dollars to get them. He will
then discover, when too late. that he
has voluntarily cut his W wages in
two in the middle, aud his employee.
gets the other half. The same thing
will happen to the gold miner. The
owner viii have to sell only half the
amount of gold bullioo to buy enough
silver dollars to pay his minels.
The cost of the boots is governed by
the high protective tariff which the
people of Massachusetts have place.
on them, The Nevada raised hide is OF
the flee list but the Massachusetts made
boot is protected. Even that hoWeVeI
dou't bother the Nevada miner, UndeI
the gold standard he works three
months ia the year and is idle the res
of the time. He makes one pair of S.
boots do him a a year., but under fire.
coinage he works ali the year round
and don't mind paying s. a PAIR fol
three pairs Of boots.
Before silver was d~emonetiZed Their
were 5000 miners working the yea
round on the Camstock and now tner
are only about ten per cen Of tina
number aud very few of them have
steady job. Mr.. Colcord do you a
a return Of those good old days whe
boots were sold for $40 a pair, or d
want the present times to continue
If 0 want a chal &c to the foTme
Tuesday and vote for Bryan He close
as follows:
The miners of Nevada are an intel
igeut, reading, thinking class Of me
and I warn them to study the fact
relative to the money question full.
and not depend upon theory, and the
wills urely vote for sound money an
protection to their W labor.
Theatrical feels that the miners
Nevada do not need to read any furtht
on the money question to know Ju
how to vote.
BRYAN has written a letter askin