The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-10
NOT AT ALL DISCOURAGED.
c. E. Finney Looks on the Bright
Side of the Situation.

01oC VI I44C
c. e. Finney, a representative of the
Consolidated Kansas City Smelling &
Refining company, who was in the CITY
yesterday consulting with the local
agent Of the company, Major j. E.
jackson is inclined to look on the
. bright side of the present condition Of
affairs and he is of the opinion that the
people of this country have many
things to feel thankful for, and that il
will not be long before they begin 10
realize that there is something in life
! worth living for after all, notwithstand-
ing the fact that there has been such
decline in silver quotations during
the past few weeks. which, of course.
is to be and is regretted by all who
have the interests of not only the west
but that of the entire country at heart;
but he is of the opinion that this sharp
decline viii not seriously effect the well
fare OF the country at large and that
the injury will only be felt locally.
though it is to be hoped not perma-
nently.
AS to the outlook for the white me-
tai, Mr.. Finney could make no predic-
ton, as its future rested largely on the
Industrial conditions of such silver
using countries as India and japan.
Still, Mr.. Finney is confident that the
conditions Of this country will adjust
themselves to the ruling quotations of
the white metal, and the :. the cost of
mining operations will be materially
lessened, that freights will be lower.
smelling charges more reasonable. and
the cost Of living cheapened SO that
the silver rnirer can still operate his
properties al profit This has been
the History of the past few years. and
the same redrc ion in several direo-
tons is anticipated. until a level .
reached on which all the industries
the west ard east can stand and still
represent as great or greater profits
than when silver was high. labor was
high, and the price of mining ma
chinery was almost double what it is
at re present day
Mr.. Finnev snends most of his time
in travelling in the west and is familiar
with the mining camps of this country.
British Columbia and Old Mexico. and
the result of his observations have been
that there is hardly half a dozen purely
silver -,.--,-@ districts IN all of TVS
seacoast country. while. on the con-
trary. there are hundreds OF camps
where lead, copper and sold is asso-
ciated with the silver ores. and in these
the advance in the quotations on lead
and cc-per q great deal more than
makes up for the decline in silver so
that, taking broad view of the situa-
ton, this country is better or now.
even with the slump in silver than ii !
was IS moEths ago, with silver a few
cents higheh than It is today. hut with
lead and copper way down in the hole
besides which. the search for gold has
been so stimulated that the output Of
this metal is daily growing. and those
Or many of them, who formerly mined
foS silver alone. are now prospecting
more thorouEhly. the result being that
gold propositions are being found in
camps where the existence of the vel |
low metal was never before suspected. !
In Colorado. where Mr.. Finney has
been spending some time Of late. but !
TWO or three silver mines have been /
closed down this season. the cause be-
1g ascribed TO the decline in silver /
quotations. The Amethyst. ct Creole. +