Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-08-13
V ADVANCING.
The Termination of the War
viii Cause 1T 10 Rise.

Will Cause 1t 10 Else.
The gradual advance in the price
Of silver is most gratifying. There
is no reason to believe that there will
be a slump at least for some tina 70
come. The recent upward tendency,
while it has been Slow, may be at
tributed to very natural causes
brought about by the existing war
situation il the far east, says Ores
aud Metals, Of Denver. The conclu-
sion Of the war, regardless Of which
side IS victorious. viii mean possibly
a stil further advance. While Rus
sia and Japan are gold standard
countries. that section Of the world
which now forms the theatre Of ter
ritorial expansion enterprise IS, and
has been for ages past, a silyer-using
section. The advent Of SO many
troops and the vast Sims necessary
to maintain an army 10 Corea and
Manchuria requires constantly IN
creasing purchases Of silver. The
Coreans and Chinese accept the Mex
lean dollar with the same confidence
that an American does the double
eagle. Because, forsooth, it has been
the medium OF exchange in that
country every since the days Of the
Emperor Keen Lung. So much for
the present situation.
As to the future, regardless Of
which side wins the war, both Corea
and Manchuria will be open to the
trade Of the world on more liberal
terms and 90 a plane Of greater
amity than ever before, and, being
as above stated, silver-using coun
tries. the demand for money made
from the white metal will be greater
than ever. The result. Of course
will be the gradual advance, not Z
sky. rocket prices, but TO a proftabil
point to the miners Of argentiferou
ores. The constant opening Of nev
avenues Of commerce throughout th
Celestial empire, brought about b
broadening treaty policies in a cour
try which must OF necessity, by req
son or its density Of population, b.
come a large purchaser Of the NAM
featured goods OF the Occident, il
creases the demand for silver. Tn
war is the opening wedge to I'll
higher price Of the white metal.
The slump in silver a few years as
was brought about by eason Of Il
fact that in order TO pay her war i
demnity China threw vast quantiti
of silver onto the market with viii
to buy gold. That bullion has
been taken up by the demands
commerce in the east, the jealou
with which the signatory powe
have prevented further encroac
ments upon Chinese territory, eth
by Russia or Japan, i%nsures, in t
absence of unforeseen Incidents,
rapidly increasing trade with t
balance in the favor Of Europe a
America. As America is the gref
est producer Of silver, so it will
rive the greatest benefit from I
increase in price, and one has but
watch the making Of history in [
Orient to form a reasonable calcu
ton as to the future Of silver. I
prediction of so cent or 65-cents ilv,
made eighteen months ago, see
highly probable within the ne
eighteen months.
Added to this is the fact that
last Of the silver purchased under
Sherman act has been coined, q
from now on the government must
necessity become a purchaser Of
yer for fractional currency to m,
the demand of the retail trade VIII
is constantly increasing.
Underwood Agency.
II " EtUtat4 boe aaat,raJ