Phoenix weekly herald., 1898-11-03
SILVER MADE INTO GOLD.

all OF d QOuDIIul, mysterious cdSL au'
leaving the impression that if ther
was such thing it was impractical
in a commercial sense. But the fac
is established not only that silver i
being done in commercial quantities a
a great profit. Briefly stated. the fact
are these as now given to the public
Early last year DR.. Stephen n. EN-
mems. of New York, the eminent chem
ist, succeeded in developing process:
of reduction that was a success so fal
| as the change was concerned, though
| it was not a financial success; the mat
| ter was taken up by a syndicate and
the process of improving the system
undertaken till at the present time
| silver is converted into gold at cost
! of $3.50 per ounce. The metal pro
| duced is named argentaurum in dis
| tinction from natural gold, and indi-
eating that it comes from silver. DIR.
Emmens' laboratory is on Staten Is
land and the process of converting sill
yer into gold is going ON regularly and
the United States treasury is buying
the output The gold produced has
stood the test for gold OF every mint in
the world, and that world famous
chemist and scientist, Sir VIM.
Crookes, of England has made every
possible test, together with careful ex-
animation under the spectroscope and
announces that the metal 'fhas every
property of gold-is gold" The pro-
cess of manufacture has not been
pushed so far, but the matter of the
development of the system the machin-
cry and the means of conversion has
been pushed since the fact that con
version could be accomplished was es-
tablished. 1t is now announced that
from this source alone the United
States treasury need fear no further
deficit in its gold surplus. The larg-
est ingot so far manufactured weighed
63.O3 ounces and was purchased by
the United States mint in New York |
for S1,O06.S. The value of the gold pro-
duced varies from one lot of silver |
used to another but the average is said |
to be S13 per ounce. A million ounces |
of silver are converted into 10000 |
of gold; the silver cost fifty cents per |
ounce, the cost of manufacture is 81. 60 |
per ounce, making total of S5.10 per
ounce, or S5,100.OO0 cost for the $780,
900 resulting ounces of gold. which at |
S13 per ounce valuation would be |
worth S7,SO0.OOO, indicating net profit |
of S2.700,O00 on the conversion. This
wonderful development of the end of
the century is perhaps no more won
derful from a scientific standpoint
than the lequefaction of common air
and the production of the X-ray.
From an economic point of view it is
probably we'll that the process is a prac
teal secret and that it is controlled by
a few of the great financiers of New
York. From a political point of view
it settles at least the question of dou-
giving silver a fat value From
a mining point of view it
will tend gradually to a rise in
silver possibly to fully as great
4 value as it formerly held as a leading
money metal. Silver will once more
become valuable. but how far is the
cause from that by which it is sought
to bring about that result by the ad-
vocates of silver and the owners and
miners of that precious metal? The
whole thing sounds like a tale from the
Arabian Nights, but the circumstances
md figures given are facts which may
be confirmed by communication with
the United States mint in New York,
II with DR.. Enmens. New York.
The nation will rejoice that Presi-
lent Mckinley and his cabinet have
decided that Spain shall give up the
whole of the Philippine islands as well Z
Is Cuba and Porto Rico. There are
'ender those islands to the United
States. First, she is incompetent to
control them and keep them in a condi-
ion of peace by the methods she uses
md seemingly entirely unable to
:hange and now that her navy is de-
;royed anarchy must run riot there
II her feeble attempts to hold and
govern them. Again, the trade of the
United States with Asia is rapidly as
uming vast proportions and it win be
,ut a few years more before it will
ar exceed that with Europe, so far
is our export trade goes; the distance
Icross the Pacific is upward of 5000
niles, more than double that across
he Atlantic and the necessity of sta
ions on the way, such as the Hawaii, !
nd Ladrone islands and near the Ash
ltfc coast, the Philippines where we
nay have home for our merchantile
marine as we'll as for our naval yes
els, is apparetn when we consider the
growth of our nation as a factor and
con TO be the greatest factor, in the
trade of the world. The
proposes that we shall
ssume the Philippine bonds of 1896,
which amount to some $4,000, 900, and
his is exceedingly lenient on the part
# our government when it is in our
IS uming a dollar of their debts. But
urs is not essentially a nation seek
ng conquest; the coming into our pos
ession of Porto Rico and the Philip