Mohave County miner., 1918-03-09
SUBSTITUTION OF SILVER

That the world is going to need gold and silver after the war as never before and before the end of the if it is prolonged much further, was declared by L. C. Shattuck, among foremost mining men and bankers in the west in address before directors of the Arizona chapter of the American Mining Con- gress at Douglas last week.
 The substitution of silver for large part of the currency of the world, said Mir. Shattuck, IS among outcomes the war is compelling and will compel in still greater measure. Finding and development of new silver ore bodies is urgent need of the hOur Development and mining of gold is none less urgent.
 IJpon the maintenance of the copper mines in the the best attainable physical form and enabling of their development of new resources so far as pos sbe in step with the extraction of present ore bodie is dependent the keeping up of copper supply ade- quate to any emergency that may overtake the gov ernment and its allies before the end of the war, while the of the reconstruction period after the war will depend in great measure upon the avail ability of cheap copper, at price at which 1t can compete with substitutes for the identification of railroads, the building of motors for agricultural empIoyments and for reconstruction of plants of all kinds in the state municipal and private industries of Europe.
 To be adequate to the increasingly great pressure that the world is exercising for copper, 1t IS neces- sary declared Mr. Shattuck, that every facility be extended and every effort put forth to make opera tiOn of the cOpDer mines such as to hold Iu forces of competent operatives and to constantly bring their work and that of mine, mill and shelter plants to higher standards. Practical and not theoretical treatment at every point, the speaker declared, IS the requisite of the hour, the necessity for which grows as times become tighter and the certainty of world wide hard times after the becomes plainer
 Upon the question of necessity for increased com age of metal for world use, the expression was ln- troduced in the course of discussion that after war exigencies would make copper and iron warrants issued upon stocks of the metal readily negItabie in trade as gold and silver, affixing to copper and iron currency service that would be of vast lmpor tance in untangng the worlds finances
 Discussion of the probable effect of the end Of the war upon copper resulted in expression of majority belief that it would put copper into stronger cOmpe tition with substitutes than before Economy VIII he necessary at every step of reconstruction and a thought the demand for copper will be great, its use will depend upon whether the price is low enough If was ponted out that there is possible substitute for copper in the manufacture of the bulk of the war
 munitions into which it enters, but that this IS not true in the greater part of the usage the metal finds in neace times Nor is it's freedom from substitution in war time entirely assured. Germanys ability to qet along without huge regular imports Of copper IS Dointed to as circumstance that may be Tn cOnsld- erabIe part due to substitution her scientists may have worked out.