Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1896-07-29
Yours truly,

tators woo are endeavoring TO bene-
fit themselves at the expense OF every
one else A large number of TIE
silver mines are operated by compan-
les with stock scattered all over the
country, but large portion oil tue
silver production is taken out by in
dividuals, operating on leases or on
claims and prospects OF their own,
The silver baron is an unknown
quantity in the silver producing sec
tions, his place being taken by the
hard working chlorider aud miner,
who works year in and out on
bacon and beans, hoping all the time
to strike it and make a raise, aud
nearly every one of them is patr.-
otto American.
No doubt the bankers and owners
of gold are trying to create scare
as to the silver question. Still any
student of the question must know
that in the end they are injured tie
same as every one else in this coun-
try is, by the depreciation of silver,
1and the consequent depreciation OF
all our great staples) due to I'M
wise and unjust legislation against
silver, for in the end whatever in
lures the wheat and cotton grower,
affects railways, city property aud
all land values.
For the past % years the loss, by
the depreciation of silver, to the min
ers, has averaged SIG, 900, 900 per
annum, while the consequent depre-
citation in prices of wheat and cotton
has caused loss ON those crops, to
the producers in the u. S., of about
5000, 900, 900 per annum, and the fact
that they have existed at all, shows
the wonderful productive power oil
the American nation.
In this connection it is well to bear
in mind few facts that are cas-
lily capable of proof.
|. England needs cheap food to
feed her manufacturing population,
and cheap raw material for them tc
work into finished goods, aud as sh(
cannot raise these supplies herself
she is compelled to buy them aud dc
SO in the cheapest market,
2 Her demands are greater that
her own colonies can supply hence
she is compelled to buy largely from
the U, S and 50 long as she can con
troll the price of silver, so long will
she be able to control the price o
products she must have from US,
B. She controls the price Of wheat
and cotton absolutely, by means O
Indian exchange, which is based upoF
and raises and falls exactly in
proportion as does the price Of
silver bullion, for she buys thes,
products ia India with silver al
par, and pays for the silver the
price of bullion, thus, at pre- sen
quotations of bullion, buying for Csc
in gold what she would have to pay
Sl.29 for were she compelled TO pay
par for silver. The Liverpool price,
are based on this and our people ar,
compelled to sell at these prices, fol
the reason that there is no cohesion
between them, and for the reason
also that the price in the cheapest
market mskes the price in all.
4. She has lot of bright fellows,
who know what they want and take
the necessary steps to get It, She
has deliberately ruined her own farm
ing class by this action with view
of controlling the manufacturing in.
terests, and she viii oppose and fight
any move to rehabilitate silver, hence
an international agreement is an inn
possibility.
5. The consumption of silver in the
world for coinage and use in the arts
is about equal to the supply, the sur
plus for the last two years being only
$1,000, 900 to $4,000, 900 ounces per
annum, with the United States out
OF the market, but this surplus has
been used by English spectators to
hammer down and bold. down the
pricein the market to carry out their
ends.
6. The enactment OF free coinage
law will absorb this surplus and Gre
ate demand with the result that
England cannot obtain the silver she
must have to NEST her obligations In
india, China, Iapan and the straits