The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-11-28

HDSUlUlt nCttoratN NV
They can only be classed as a luxury
where price will affect those only who
can afford it.
The last report shows that for the
year 1905 the commercial value OF the
silver consumed in the arts was $o0,-
us. 900. This would mean over $780,
DOC. 900 to the producers with silver
bullion at one dollar an ounce; or over
$35. OOO, 900 more than they received. IL
would also mean the keeping open of
MANY mines forced to close because
silver was cut to a price below where
those mines could be worked because OF
low grade ore; and the steady employ
ment of thousands of men, the better
support of their families and education
of their children to the Strengthening
and advancement of the nation, and a
greater amount of money in circuiatloh'
also an improved condition in many
producing mines that would give EN-
ployment to more labor and the same
bettered conditions. (These truths ap-
ply also in relation to eoinage.)
To conclude: Silver has the same re-
lation to and the wants OF
the world as has gold; it is a part OF the
worlds fixed value, a medium OF ex-
change, money. Then is there any
logical, economic or constitutional rea-
son why silver of the two metals should
be at the mercy of s~oulless speculation
in the worlds markets; or why justice
should not be done one of our most
necessary and important Industries and
the worthy class of our citizens engaged
in its operation?
Again, the constitution prohibits the
impairing of contracts. This prohibi-
ton is as binding on congress as 1t is
on the states. Is there not an Implied
contract between the federal govern
ment and the man or men who receive
a deed from the government for a min
ing estatea
The value of this estate rests in the
mineral it contains and produces, Has
the government a right to impair, or in
any way aid or abet the impairing of,
or to remain silent and inactive while
such impairing is being done to that
estate or it's PRODUCT The government
transfers this estate for a specific pur-
pose, it can be of no use for any other;
it demands certain conditions from the
grantee and gives vested rights; in TX
change the government is Obligated to
protect and sustain those rights; constl-
t~utionally and morally the government
can not weaken nor destroy those rights
nor any part of, nor anything pertain
ing to them. If the government can do
this of what value is the estate? What
are these rights? They are embraced
in the object sought, in the acquiring
of this estate; the object is the product
estate is a governmental essential, its
quality, Importance and place fixed by
nature, human necessity and the usage
of all nations and all times. Govern
mental action fixes a fictitious CONNER
cial value or price upon this product
against all natural and necessary pur-
poses for which this product is used
that makes the working OF this estate,
the extracting of this product, prohibi-
tive and ~ruinous. Government takes
this product to its own use, a use that
has held through the history of all time,
and retains a full intrinsic value to it
| self but drives this value to the pro-
Queer.
Is not the government under consti-
tutional, moral and economic obliga-
tions to do all in it's power to uphold
and continue the natural and intrinsic
value of silver bullion to the producer?
The reduction in the price of silver
has in all cases deeply affected the
value of all silver mining estates, and in
many eases made them worthless. Not
only this but there is a discrimination
utIc dSdiuob q VoitHy tidoS VI " VII
zens, who have received their deeds for
mineral lands and put large capital into
them depending on the faith of the
government and the establishment and
usage of ages, in favor of the govern
ments of the world. The governments
of Europe and Asia and their own gov
eminent making millions at their ex-
pense by a combined action which has
fixed to them only, the producers, a
fictitious commercial value on the prod
uct of their estate.
The governments and spectators are
reaping the benefit.
Justice can be done and the price of
silver restored without. affecting the
present established gold basis; that is
and still retain gold as the fundamental
basis.
H. Fl. HOFFMAN,.
Brown City, Mich, Nov. 90, 1908.