Daily independent. [volume] (Elko, Nev.) 188?-1915, 1898-01-06
DAILY INDEPENDENT.
THURSDAY. JANUARY 6, 1893
CONTINUED from first page.]

which is not yet completed. Increas-
ed appropriations have been made
for the Philadelphia mint, while d.
minishing appropriation have been
made for this Western mint. ...
Now, gentlemen, wish to say, with
reference to Nevada, that the total
product Of both gold and silver IN the
United States has been a little less
than two billions and a half since
1860 and that Nevada has produced.
In almost equal proportions of the
two metals, one-fourth of this
amount. said to friend the other
day with reference to this legislation,
that it was hardly a graceful action
to take away the mint from Nevada,
State which had prod need one
fourth Of the country's metallic
stock, und he added, parenthetlcally
@And three-fourths Of the hell" All I
have to say with reference to that is
natural remonstrance against legs
lation which has destroyed the lead
ing industry OF that State and para
lyzed it.
You can understand what tbs
would mean simply as an industrial
question as applied to the iron mills
or the steel plants Of Pennsylvania,
or to the cotton mills and wooden mills
of Massachusetts. 1t is natural
and healthy and indignant protest
against what the State Of Nevada
regards as bad and destructive legis-
latlon. Now, it is true that the bul-
lion production of that State mas de-,
clined. She is no longer producing
silver IN large quantities. There is
no stimulus now for the production
OF silver and the people of Nevada
have turned their attention to gold.
Already this year it is evident that
the product Of gold will probably be
double that Of last year. The total
OF both gold and silver production of
that State is now pretty nearly &c.
100000, of which, believe, three.
fifths is gold.
Here the hammer fell
Mr.. Dockery. How much more
time does the gentleman desire?
MIR. Newlands' l should like five
minutes.
Mr.. Dockery. Mr.. Chairman, l ask
unanimous consent that the gentle
mans time be extended for five min
utes:
There WAS no objection and 1t was
so ordered.
Mr.. Newlands. AS l say, Nevada
has produced six hundred millions OF
gold and silver and yet she has been
permitted to coin mt that Nevada
mint only forty-nine millions. There
is today stored up in the Philadel-
pbIa mint S1l0,0OO,OOO of silver bull
lion, most Of which was produced in
the Nevada mines.
Mr.. Williams. l should like to ask
the gentleman q question for informa-
ton.
Mr.. NewIand. What is the gentle.
mans question?
Mr.. Williams. Does it not cost the
people who mine this gold and silver
principally gold now-somethng
to get it to the Philadelphia mint and
would they not have larger net re-
turniwhen their money were handed
back to them il the coinage were
done on the spotY
Mr.. Newland. / should think so.
Mr.. Williams. Then the practice
the gentleman complains of imposes
a tax upon these miners for the finan-
cial benefit Of the people of Philaa-
delphia. Laughter
Mr.. Newland. Now, l say that at
the Carson mint we have coined only
forty-nine millions and the actions OF
the Directors OF the Mint has always
in my judgement, been hostile to that
mint. They have acclaimed against
the cost Of coinage at the Carson
mint.
49,.