Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-09-29
Goodwin and Hickman Ad-
dress Mining Congress.
NEEDED IN ORIENTAL TRADE
Business With Silver Countries Fast
Being Curtailed.
SILVER INSTEAD OF PAPER
Secretary Of New York Board of
Trade for Restoration Of White
Metal Exchange Medium.

TONOPAH, New, September 29.-Tono.
pah. the Oldest camp in the southern Ne
vada field, was visited today by Severa
hundred delegates to the American min
ing congress, now in session at Goldfield
The congress adjourned long enough to
cross the thirty miles of desert in special
trains as guests OF the city of Tonopah
Several hot1rs were devoted to inspecting
mines and mills.
The resolutions committee remained in
Goldfield. engaged in preparing it's re-
port. Among the resolutions of national
interest are one on forestry and another
calling for national department Of mines
and for the passage of uniform laws reg
ulating the equipment and operation OF
mines in all states.
Federal Bureau Of Mines Urged.
GOLDFIELD, New, September 29.-The
creation of a federal department Of mines
was urged by Senator Francis G. New
lands of Nevada at yesterdays session Of
the American mining congress. and a
resolution calling for the organization OF
federal mining department was adopted.
The resolution was handed to the San
Francisco delegation to be presented to
President Taft on his arrival in San Fran
cisco next week.
A telegram was sent to Secretary Bal
linger, asking him to urge upon Congress-
the establishment of such a national bu-
reau of mines. The Secretary replied
that he would urge such action In his
coming report to the President, and
hoped Congress would favor this view.
A larger use of silver as money was
advocated by Judge c. G. Goodwin of
Salt Lake City. and by James A. Hook
~ xryha koll tl,o
silver question created much interest.
Oriental Trade Cut Off.
Judge c. c. Goodwin, in his address.
said:
Though silver. measured by gold, has
fallen nearly 60 per cent, employers In
silver money countries pay employees the
same weight Of silver that they paid
thirty years ago. The result is that they
can sell their wares to us at about one
half what they could thirty years ago.
but when they come to buy Of US the cost
in their money has been doubled, and eX-
changes have fallen until our export
trade with half of the worlds peoples
has been practically killed.
Eastern manufacturers can no longer
sell Their wares In the orient; their trade
swiftly curtailed-countries that contain
half the Inhabitants of the earth.
The great fnancierS and bankers see
the Generalization that has fallen upon
the exchanges and are helpless to pre-
scribe a remedy. There is nothing to do
except demonetiZe gold or to give recog-
milton to silver. The longer this Is de-
layed the more baneful will be the effects
that have followed demonetization.' sa9
Urges Silver in Place Of Paper.
James Hickman. secretary Of the Mer-
chants and Manufacturers' Board Of
Trade Of New York, said:
I'VE have seen that in nine years. OF
from the date Of the passage of the cur
rency bill, in March. 1900, our paper
credit currency has grown from $685.
600 600 to $685., 600. 600 or over So, 0OO. 900
a year, and In the same period, including
the year 1900, the gold coinage has
amounted to 1898, 170,315. So the expan-
sion of our credit currency has fallen but
little short of the gold coinage. Why
should not silver have been used In the
place Of this $3.50, 100000 of paper?
1T seems to Inc to be self-evident that
this government should take the lead for
the restoration of silver by making the
primary steps for the canceling of the
500, 600 600 of national bank circulation,
and under proper regulations substituting
silver coinage represented by certificates
and based on the bullion value Of the
metal. thus placing 1t on a parity with
gold, removing paper credit money and
adding to the values of a most important
product; and at the same time supple
menting the efforts to increase our trade
with China and the east