The indicator. (Pueblo, Colo.) 1894-1911, 1897-06-12

depressing effects of the panic Of 1893
are gold and copper mining.
Copper mining does not feel 1t be
cause the worlds demand for the met
al, owing principally to electric uses,
having kept well mp with the produc-
tion, prices of the metal have been well
sustained.
Gold mining. while copper mining
has not been hurt, is the only occupa-
tion which has received benefit and
stimulus from the panic. the adoption
of the gold standard and general fall
in prices. The general decline in prices
| which has injuriously affected the
farmer merchant, manufacturer, and
real estate owner. has been great
benefit to the gold miner. This fall
| means that gold has Increased in pur-
chasing power, and II is the only com
| modify in the world whose purchasing
power or cXchaugablc value, has in
creased since the repeal of the Sher-
man silver bill. and the formal adop-
ton of n gold standard by the United
States.
The inevitable result has been to
stimulate gold mining. 1t is only in ac-
cOrtnnce with an established economic
law that when any occupation be
comes peculiarly profitable. capital and
an, ,,1i,;',r 80 Nv , ' im
IN, ,,nti,
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| India, China. torea aud Japan. every
| where in the world where gold is min
| ed. the great industry is more active
and the production in quantity and
value greater than in any previous age
| since history began its records. Week
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earth
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| inc r""hs VI IN, p,'oi I" ''"sc vi w
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itct Oh coliSr'."int, .,', ihSspnu VI rnNA.
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PROSPERITY III "hi'n 'ii n'N, SUM
snare. me ,eSl"'' ~ Mh,eh ms r'ci,
STRIKE Is hihue ~ sna,cs u" ,iie soou
Whicn comes ~ nm iN'ia man s"'-
| IouhullE Iropcis St's 'u'''i N'i"'
| from tllc near location 10 tne DollhllHa.