The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-11-24
PROTESTS AT
ACTION ON
silver
JUSTICE OF PRICE
REDUCTION

S. H. Brady, one of the best
known mining men in the state and
operating valuable silver properties
" Esmeralda county, has published
a telegram which he sent Saturday
to Ray Baker, director of the mint,
in which he states that the govern
ment's recent u~tterances as to the
stand 1t is taking en- the silver
question are ambiguous. and he
plainly asks the mint director to let
silver producers know what position
the government is going to assume
in the matter.
In his telegram Mr.. Brady puts it
up to the government that it Is the
sole arbiter in establishing and
maintaining the, price of silver.
Mr.. Brady's telegram to Director
Of the Mint Baker, as quoted in the
Appeal says:
I'VE would like something defir-
lite as to what the present policy of
the treasury department is regard
iLg the future of silver. We are
opening new silver mines and it is
costing us 100 per cent more for
work and equipment than in normal
times. We want a show for ou~
white alley, too. Government hes
fixed price for steel two and one
half times as high as normal, for
copper twice as high, we buy these
commodities. High prices are clos
ing all low grade gold mines down.
We presume this country wants
money for this war.
US 100000 ounces. and pays us
$4,000 in paper money, has any
one lost anything? No. And the
country is $4,000 richer. If for
eign countries buy they have the sill
yer and WI have the money. Why
not do all possible to stimulate pro-
duction of gold and silver both FOR
money to pay interest on Liberty
bonds?
yer market for years and produces
practically none. Why should this
continue? England is today sub
sidizing here African gold mines,
giving them pre-war prices for
ocean freight rates and other CON-
modities, while we are trying to kill
the goose that lays the golden egg.
1--WE are willing to pay our share
of taxes, but we want silver remone
tized or price re-established on old
basis of $1.29 per ounce, as the price
Is nothing to the government, and
will stimulate silver production and
gold with 1t. And money is better
than bonds. for it takes money to
buy them. And why should the ~
eminent make a profit on what it
needs for money?
MANY silver-gold mines now clos
ed down can then operate, and
flood of real money will then be
forthcoming. Nevada did this for
the country after the civil war and
a do it again. Let us do it now
while the war is on.
Government only uses at outside
one-fourth Of silver production to
protect it's profit; why should price
be fixed so other nations using bal
ance, rs per cent, will be benefited
at expense Of American silver-gold
mines and the public who owns
them.
Three = quarters of the money
realized from the sale of gold and
silver goes for labor and supplies,
balance In new mines and dividends.
History of Tonopah II years.
"Give us the price and tax us the
way you tax everyone else, and we
will show you how to pay your
debts with new money. the way we
do.
This agitation is the only thing
keeping capital out of silver-gold
mining. Every commodity we use
price more than doubled.
why give copper and steel more
than you give us. Please show to
Mr.. McAdoo. Will see you next
week. Regards.
IS. H. BRADY,
Member Nevada State Council Ma
tional Defense"