New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-19
PROFITS OF SILVER MINING
WHAT BRYAN & co. ARE TRYING TO DO
FOR THE SILVER KINGS.
AN ILLUSTRATION OF HOW THE MrNE-owNERa
WOULD BENEFIT If THE PRICE OF SILVER
BULLION SHOULD RISE TO $3.50
GOID

AN OUNCE IN GOLD.
Edward Atkinson in Bradstreets
view Of the declared yer Of party o. and q
andJ f Brysn the f ' eader Of the op silver
party 10 raise the price OF the silver bullion OF INC
o %Tre i 70 p per ounce it becomes desirable to
begin to measure the quantities or silver WHO"
The proposal which Messrs Newlands and Bryan
hold out TO the silver b ne 1 e OF ihs a% coin
bullion. is in these terms; ,,..,oa s,.te<
Ffrst-To deprive the people OF the nlted Sta'es
of the right to make any, contracts, bargains scr or
agreements for the sale OF goods or LOT .ne ~
without Discrimination thus rendering specific con-
tracts in gold coin only unlawful or void GAIA. 20
Second-To open the minis Of the United states 70
the use OF miners other owners OF silver oulnon
for the conversion OF ngots OF STANDARD slver liz H.
tito of Is to l. at the of the taxpayers ana
Tbtrd-To compel the people Of the United States.
by force bill or act of legal tender to accept tnese
bullion of less than 30 cents each AT the rate or or
as the equivalent Of 81 IN s gold. or,v ono sourc.
whence the bullion would IN part come. Of which
the value Is 10 be doubled by the proposal OK
now submit an analysis OF the last annual report
Which before T me OF me W Boke presnnd January
30 1896 and covering transactions TO November 80
II will first be observed that there, has been
rapidly increasing product OF silver bullion in recehf
years The worlds product for 1880 10 1894, In
elusive was $50 1852 35 ounces 100000 ounces
year (see report OF the Director r. OF f. the Mint9
this period, or 1874 per cent Of the whole
The opening is Of this s mns was in N on
1873 had produced s o7 tons q "a Ie 4,s 5sss
Of gold of Or cost Of po
duction have been 1874 iss s37, SIS, 1872.
If this cost divided by the product OF silver only
It makes the cost OF the silver bullion delivered IN
London within fraction Of 50 cents an ounce. II
the cost of the lead gold and copper. the charge
against the silver might be reduced to 40 cents an
The sales in London came to nissOSsS. s72 22l.
23s which. divided by ounces Of silver only would NO,
part OF this return is for other metals. We may,
therefore fairly infer cost OF about 20 cents aa
a sale at about SO cents an ounce OF siVer-a littis
The recent production Of this mine has been
severe fire and the temporary 'pnching out or
large vein5snce opened agan 10 It's n,,is 6ver
100000 ounces for the year ending November 20;
ore as nabnr he eopany 70 reduce the cost
OF production at every point the directors express
eeng prce in London of Is 3d. per ounce or e
to 81 cents. which is the present price ,o,..
dividend was declared adding f2Sseo 10 the previ-
Gus cash dividends. so that the stockhoders nave
100 In addition, bonuses and stock at nominal
value carry the returns OF the stockholders up TO
IS 900 or f OO0O00 year on the capital OF t3s40c
The directors present statements OF new ore land
added by purchase nsw SeUP.ed a ahs
Slips in mine tend to temporary REDUCTION IN
nect TO renew and maintain the previous product OF
buIiion and on an advance in price 10 add heavily
from ow-grade ores now laid aside or IN STOCK ior
such improved conditions. - -.
The Broken Hill mine is believed to yield tho
largest production OF silver; next come me ana
conda Of Montana, and the Huanchaca or boi.it
the latter owned mainly by English capital the
0 wS asy sad d to ef hS?
mines may be assumed 10 supply about thirn OF
more OF the increasing annual product or silver
bullion now 100000 ounces at a cost Delivered
IN London OF less than 80 cents ounce.
III Messrs Newlands and Bryan offer 70 these pro-
ducers OF bullion among others 10 manufacture silver
dollars for them without charge and TO delegate 10
which costs 80 cents an ounce or less upon this
community at the rate Of 1879 per ounce Tnat -
what 16 TO l means OIL . 49,,
Rrvan refers 10 the profits this undertaking q
mere incident to which regard should be given.
Accounting that the Broken Hill Mining Company OF
New south Wales will produce 100000 ounces Of
silver bullion at cost Of 10 cents more or less az
ounc. in 1877 or s4OO.0Co Messrs Newlands and
rva offer their services and their Influence with all
The mower of legislation 10 bring the value OF this
bullion 10 81 % per or Sl3 isop ana 10 compel
people Of this country 10 pay premt 70 me
incident - ,,. 80 -. 49, hu,. -.
Messrs NeWands and Bryan, backed by congress
~ their confederates to accomplish this purpose
only wish 10 point ont that this Is hut one Incident
Affecting only Is per OF the total producer = silver
nianest terms 10 be the object OF their campaign
namely 10 raise the price OF silver bullion TO 81 2929
That Senator Jones chairman OF the committee OF the
Popuist Silver party now masqueradhg under the
name OF Democratic makes frantic appeal for funds
NAV venture to suggest 10 Senator Jones mat net
proAt OF $40 OO0 900 would probably satisfy the Broken
i'm Mining Company. and that The directors would
doubtless be glad to aSe the Of 0ed essy wand
Rrvan and himself in order 10 enable them TO attain
their end Perhaps Senator Jones will apply Tho
London office Is al No Great Nlhches'er-s'' T. ~
Mr. Douglas Petrie Is the secretary.