Bisbee daily review., 1909-02-13

 zling his thoughts over just what the result Of his labor is worth compared with what he receives. 1 might here add that the old mine owner. the employer of labor is in the same fix only more so; he has the enjoyment of providing work for many to en- joy. moreover the added pleasure of puzzling over results is his from start to finish. although he can vary h's pleasure by wondering if he would be happier with no results to puzzle about
 As to old Miners figures. il speak ng about a pound Of gold around an
 rdinary gold mining camp fin the iocky Mountains, it is understood aa srtllnary pound of sixteen avoirdupois
 unces is meant. the presumption be ng that if Troy weight is meant T. III be called a pound troy" Ci
 curse wo understand that Troy weight should De used on precious metals. and always is used and 70 Un-
 erstood in the case of the ouIce. as m ounce of gold Is understood 10 bc Troy ounce unless specified as avoir-. lupo's or otherwise. but the fact of ordinary usage remains that miners Sill weigh up their dust and nuggets Gith ordinary pound weights here such re at hands also they i'll reckon in heir dreams how much value may be -Ontained in ton Of gold. meaning an avoirdupo's ton Of two thousand ordi- nary pounds
 Allowing old Miners figure of '30l 36 to be the correct value for Q F fsF 4as ina alsaH nound avOirdupois. which contains i4.5SS ounces Troy; or 10 be more ,xace. the value would be $30i.f5. an lnimportant difference.
 Further the ratio Is not f6 10 I. but ls nearer to 15.9S to l. because a sil- yer dollar contains 3.1 If grains Of refined CT pure silver. and the dollar 1r unit Of gold value contains 23 22-100 grains of pure gold. equal to 5 4-j grains Of gold. standard. or 800 l fine. the condition in which it is coin ed Old Miner is correct in that a S20 gold piece contains twenty times the weight of the dollar of gold value, ghieh makes the $20 gold piece weigh JI6 grains of coin gold, 465 20 grains of which Is refined CT pure gold.
 Some Of Old Miners figures are wrong. dce to his evident failure to ! l9istingnish between troy aud ag0ir- 1 iupois pounds. Fer instance. aa ounce of pur gold is worth s2G.e7 and not S25.l1. as he states: . grain oY pure gold is worth sOFlewhat less than | I 1-S eentss if the exact decimal frac- ton representing 1t be multiplied by the number or grains Of pur gold in q 1 $20 gold piece. 45f 2-5. the result will show that the actual pure gold value of this double eagle piece is about ] 4-5 mills or -tenths ofacent ] short Of it's face value With copper | at 25 cents a pound this difference would be almost made Up in tIe value ! Of the alloy added to the gold: a pres ent prices it falls short by small fraction Of cent.
 To find out the exact cost Co the 1 proddcer of having the double cage coined. I would recommend g lrs> teal trial at the mint by delivering there a certain quantity of gold. Per thaps it is possible tO have gold s0 pure that no test is necessary; in 1 such case the cost will be that smaii l fraction above written. about one tNO l hundrcdth of a cent fer eacn dollar. | However. ir the gold needs testing ss | iJ most surely will the charge for testing and melting will be lighter or 8 large quantity than on a small one. ! For instance. a charge of S5 co made 1 by the mint upon Si00 worth or gold is much higher in rate than s10 on 1 $500 worth. ] do not know whetnei iUnlle Sans sery .nts perform tE2se Iu-foz as GtIicltV chaaulv and accif rately as other gold buyers. but it is tpFesumed they do. -As to the huetua ton Of gold yalues. real and apparent | as much discussed subject during the campaign of 1896. and various theories can be found in book issuec Ia. ttiar ire called Coins Financial Se.~ n. -ad the nearest banker will -lsa- lv e Hsd % give the latest +; ,,3-g . a'.. ~e ;he subject Wheiter
 ,s l premium on gold doe' i.. rE standard yalus, is .S.:-.- .--- 1.is2 As an issue for ths ccBr-, however. it is at pres ea s.. ,sar Shakespeare says !-ygb,. CT ,,s-ccd against his vii s of fh- --r opinion still. Wlil, 'socsa,-e,g SayE We gre . nation 0
 optimists7
 Nevertheless. your claim that st costs the producer over SC to nave ;
 s20 piece coined is evidently and te
 cidedly not true in the sense vol mean to set forth. Being open tG Icriticism and disclaiming positive Knowledge" I hope this will prove ac
 ceptable in the spirit it is sent
 Respectfully yours.
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