The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1897-08-29

guage would seem to Indicate that the
output Of the Klondike mines will af-
| feet the status of gold in any appre-
| ciable degree, he is decidedly off his
| reckoning. Even if the reported gold
| discoveries in the klondike region were
| multiplied a hundred times, they would
not depreciate the value of gold to
any marked extent. nor would they
cause silver to appreciate in value The
tendency would rather be to depreciate
silver and to confirm the position OF
| gold as the worlds fixed standard OF
value.
The nations of the earth are ready
to absorb gold in almost unlimited
quantities for monetary purposes, and
there is no danger that the market
will be overstocked. The superiority
of that metal over all others for pur-
| pose of exchange and commerce has
been amply demonstrated though dem
onstration was hardly needed The dis
| covery of new and abundant sources
of gold supply will tend steadily and
surely to the disuse of silver for coin
| age purposes, as gold is much more
convenient, and far less bulky than
silver, and in every way preferable to
that metal.
There are good reasons for believing
that the so-called Silver question
will disappear entirely from view, as
a political or financial issue, before the
voters of the United States are re-
questeG to elect another President. Ger
tainly it will cease to be an issue if
the trend of current events be not in
terrupted by some unforeseen agency.
me silver fanatics who cannot, or will
not, at the present moment interpret
the handwriting on the wall, are likely
to have it translated for them, in a
manner which will leave no room for
doubt or bubble, in the near future
GIVE US THIS DAY.
Bakersfield Californian: The time
has now arrived when another Klondike
or Trinity County mining excitement
should be sprung upon the public.
Frenzy over the former has about sub
sided and the latter has proved to be
very much inflated boom over a
moderately sized pocket such as is IL
able to be found in any mining region
at any time.
Metropolitan newspapers are respon-
slbie for the Greater part of the rush
to the frozen north, where scores will
probably starve or freeze to death dur
ing the coming winter months, when
communication is practically shut Off
and they likewise deliberately faxed the
Trinity craze. leading many men who
have no knowledge of mining what
ever TO invest in kits, outfits and rail-
road tickets and to waste labor in the
ravines of that mountain region. News
papers must be sold to be made to
pay. Stories of golden treasure glitter
with glitter like that of gold itself.
Glittering stories induce the glittering
nickel to roll toward the strong boxes
of the great dailies, and any old thing
will answer for a newspaper net as
long as it catches fishes
We await another klondike Give us
this day another Coffee Creek
WE ARE EXPORTING TIN PLATE.
Los Angeles Express: The United
States has at last begun to ship tin
plate to Europe If there has been
one thing more than another upon
which the free traders of this country
have pinned their faith and their argu-
ments, it is the assertion that tin plate
could not be manufactured in this
country, to say nothing of exporting
it to Europe. The first impetus to its
manufacture in this country was given
by the Mckinley BILL which raised the
duty from l cent to 2 10 cents a
pound. 1t will be remembered that a
great hullabaloo was made for polit-
ical purposes about taxing the work
ingmans dinner pail. The workingman
was not employed in American tin
plate factories in those days, but he is
now. He gets his dinner pail about as
cheap as he could get it in foreign
countries, and he has more and better
food to put into it.
Last week Wednesday the American
Tin Plate Company of Elwood, Ind,
shipped consignments of tin plate to
England and Italy. This factory was
an outcome of the benefcent provis-
ions of the Mckinley law, and Mr.. Me
Kinley himself was present when it
was opened in 1892. The monthly pay
roll is now 100000 and when recent
additions to the plant are put into OPP
GRAFTON next month 1900 hands will be
employed.
From a handful of mills in 1872 the
industry has grown so rapidly that
factories with over 200 mills in the
United States Within five years the
imports of tin plate from England have
been cut down one-half and the bust
ness of the American mill has increased
in a corresponding ratio. The English
themselves are mourning over the de-
cline in their tin export trade with this
country London Industries and IRON
for June voices the wall in an editorial.
1t says:
I'VE have, unhappily, found it repeat
eddy our duty to advert in very plain
terms upon the declining stage of the
British tin-plate industry. We believe
manufacturers have at length recog-
nized the fact that the American mar
ket is one for which they need enter
tain no serious hopes of coping in the
future And, acting under this very
reasonable presumption, they have,
with the sympathetic assistance of the
various Chambers of Commerce, been
devoting their attention to supplement-
ing this lost market with new ones,
in which we are glad to see they have
been fairly successful. If any further
reason were required to instigate the
manufacturers and their export agents
in their endeavors to provide fresh out
let's for their productions they would
be found in the export returns of tin
plate to the United States of last
month.
AS TO THE PRICE OF PEWTER.
Los Angeles Times: Some of the
pewter-praising editors and statesmen
still cling to the idea that if free and
unlimited coinage We're adopted the
silver dollar would continue to have the
same purchasing power as the gold