Arizona republican., 1916-08-06
What the Future Has in Store for
 Silver (Mintnr and Epnipaertno WorId1

i county, Colorado Y. s. Senator Chas. ] $. Thomas discusses the future of
 silver. He ventured the prediction.
 at the time of the breaking out of
 the European war, that one of it's
 ultimate and necessary results would | be the re-establishment of silver as 1 q money metal upon some general and
 fixed ratio with gold.
 T did this because l believed and still believe. first. that the effect of
 the war upon exchange in gold using nations would be magnified by a cor responding but more desirable fluc- i tuation between gold and silver than
 it ever had. Second, because gold i would disappear from the currents of | trade in all the warning countries, and silver would very naturally fall into the vacuum thus created, being | preferable to and perhaps an equally | @ood basis for paper currencN Third
 and lastly, because the enormous cost of the war represented by debt of striking proportions would necessi- ! tate resort to silver as the only means of broadening the metallic basis for money and credit If l am correct in this forecast. the intrigues of the money interests can only retard their oDeratioE; the movement cannot be avoided.
 iO ilOt lHlilE tue 1llOntNeu lnter-
 "Hts have had anything to do with the recent rise in silver or it's more
 cent fall to 624 cts. This is one of the spasmodic fluctuations in the value of the commodity. which are caused hy sudden and temporary de- mand l think these are liable to l Nccur from time to time resulting in q permanent rise of the level of
 market quotations. It is too early
 70 predict q close of the war, and un- til that arrives little if anything will
 De done for silver.
 When the war ends the total pub- lie deot of the belligerent and neutral Europeans nations (who have been obliged 10 be at all times on a mili- tarN basis at great eXpense). will be ! far in excess of a hundred billions of dollars. The annual interest upon lhis sum at per cent represents I S5.0O0 ,000. GOO. which added to the
 cost of government operations. will | mean an annual tax upon their pro- ! dCclng masses of not less than s7 - | '0uOho, o1h. This is much more than ! the total productive wealth of the i countries concerned and means re- pudiation. unless silver comes to the
 rescue of gold. Even then. the ma
 tions will have to stagger along un- i der an dwfnl load for many years. if i they are ever to gat out from under l v. Between repudiation and payment ! in silver. the holders of these ma - 1 tional securities will prefer the lat | ter. l therefore conclude that the in-
 terest heretofore responsible for sil- ! veI's demonetization win be found among the champions of that metal
 through the stimulus of self interest.
 State Mining Notes
 The Tom Reed Mining Co. has re-
 sumed operation of it's entire battery | cf 20 stamps for the first time in sev- | eral mcnths. But 10 stamps have ] been in use during 1916 up to this
 time. Ore has been opened on the 1 new 400 level of the main workings.
 and the 500 level of the Black Eagle ! workings is showing a large tonnage
 of pay ore.
 The Gold Road mine of the U. $. | Smelting x Refining Co. continues it's
 usual output. which is estimated at a0out Sf5.O00 per month The mill
 Is also handling 90 tons per day from | the Gold Ore mine nearby. and il is | reported that the average recovery ! !S S2c- The Gold Ore is continually 1 looking better according to reports of
 those familiar with the property. and
 is developing into splendid property.
 A 5o-tou mill is being plannel by the | company
 The United Eastern continues to ! block out ore, and at the same time 1 It's new main working shaft is being
 steadily driven downward It is esti- | mated that the shaft will be com | 9leted 10 the 600 point by the time
 the new mill is ready for operation
 IL IS expected to start the mill by the | frs; Of November.
 D. K. Finlayson, former superin-
 tendent of the Copper Chief mill has
 taken charge of the Green Monster
 property. ard is pushing development | While commercial ore has not as vel
 been stinek, officials of the company
 say the development has been all that l cauld be expected and that they look
 for important determinations 10 be | made In the near future A F 1 Thompson, geologist. Is assembling
 geological data on the various out
 crops and contacts. Road buildins
 will be commenced at once By tn.
 tir1e the machinery. which has beer
 ordered. arrives. the foundations ant
 buildings will he ready for installa.
 tion. The site for the camp on tho
 property is ideal both from a stand.
 point of sanitation and comfort Tn, | buildings will all be permanent ant
 completely protected: will be com
 pleted and ready for occupancy al
 soon as the machinery arrives
 The old Sunnyside group of gol,
 mines. II miles southeast of Pres
 cott. has been taken over under op ton by h. A. Groom of Phoenix. wh, plans 10 begin operating soon Thi
 group was discovered in the earl Ses by rnoch Williams and con sldera 6ie amount of ore taken out an, treated by an aTas.ra. Williams als ? lid placer work in the gulehes lead Ing to thc vein of the group. A tun < nel. 3S3 f.. long is already on tn ? property extending about 40 ft be 'ow the surface at depth where tn r srlphide ZJne bng,rs The Sunny side vein is traceaole on The snrfac 'oI about mile. and Groom is cor hcent that il extends to great deptl 2 An1ou lcenent has been made b | Slipt William Ellingford. of the Col
 SIossom Mining Co. of the strikn { or high grade lead-silver ore bod e . depth of ls5 ft. Sinking will | = continued lntol the 200 level }, reached. when drifting will begin. Tn ', property is situated 6 miles south . Prescott and was originallya patente = Tor farming purposes.
 : One Of the biggest strikes in tf f history of the Walker district wa . made last week on the old Homestea r r,lhe, recently acquired by J. Q 9nockley and associates. of New Tor = A 1t. gold ore body was encour e tered, carrying a good milling grac ]. m the loose formation The stril ' was made at a depth of 75 feet n the main shaft The Homestead Ii,