The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-09-19

punt yOu n''O"
gold coin the United States has now
YOU know about how much paper Is
sues there are out based on goid'
vou can estimate within reasonable
how much new gold the
United States should get within the
next so or 100 years to MAINTAIN It's
credit and maintain gold standard
Plainly. for digging the required
amount within the required time, you
will have to pay price per ounce
that will enable and induce (proht 10
miners) miners to produce the requi-
site amount within the requisite time
and that price you have to pay must
be the new gold standard as mat
ter of course and sound business. Ana
right here YOU need the miners as
sistance and advice, not the ADVICE Oh
bankers, politicians and editors. IL
we miners knew, even approximately,
how much gold you need and within
what time, it goes without saying, we
could estimate much closer the cost
Of getting that gold. l have had this
matter under consideration ever since
we entered the war, and have consult
ed with many other prominent MN
ers in regard to 1t. 1t is the OPINION
NJ conservative and best Informed
miners that If the permanent price
(true valued were named at 1888 Id
per ounce pure gold we could dig the
needed amount of new gold in a way
/ and at a pace that would be good for
sore ewes. An ounce of gold is small
amount of gold and If about $l3 were
added to the present price OF 1t, we
could and would mine gold from
thousands of low grade properties
that we could never touch before; and
we could make new developments III
| all old and abandoned gold mines
which we dared not attempt before
and we could utilize thousands of old
mine dumps containing millions OF
tons of ore already mined, which were
too low grade to be tackled before.
greater boom in gold mining would
follow than this old world has ever
seen before-wed get the gold. Don't
lose sight of that fact
II. AS to impairment of contracts
ETC.:
IS. Whenever any worldwide OF
nation wide program is carried
through. no matter how beneficent II
lmay be on the whole, certain individ-
Iuals are bound to get hurt, or imag-
Inc they are "hurted"-that can mo-
ibe avoided, it is inevitable. But when
for the good of the whole, program
must be carried through at all events
these individuals must be considered
as accidental or incidental unfortun'
ates who can not be allowed to stant
in the way of the worlds or nations
Legitimate PROFESSOR manifest des
tiny.
Adopt True Value of Gold.
49, In the preamble of law estab
fishing new standard it should D.
plainly stated (for the information o
the public) that the law is not chang
ing the true value of gold but merel,
naming what the true value of gol'
has grown to be, and that the amour
of gold required within the time re
. uuired can not be produced at les
cost per ounce than this new standar'
, named.
20. 1t should also state that il
naming the true value, pre-war con
ditions, war-mposed paper issues
and postwar conditions were care
fully weighed, but that present higl
war prices of other commodities wer
left wholly out of account and wer
not given even the slightest consid
Grafton in naming this new gold stan
, dard.
81. Then we should stand on tn
broad just ground that all contract
heretofore made and hereafter fallin'
due in which gold was consideration
and value received were inadvert
emily made under mutual mistake o
the contracting parties as to the tru
value of gold, i. e., gold was mad
vertently reckoned by both contract
ing parties at it's false value set fortl
above in paragraph IA, and that tn
United States government as higl
court of equity DEGREES that all thos'
contracts should be carried out il
gold at its true value, i. e., the new
gold standard,
20. Any equity court in Christen
dom would enter such a decree to cor
rect mutual mistake of fact inadvert
emily and innocently made by parties
to contract. Certainly, no moral OBJ
Iloquy could attach to such a decree il
equity.
20. The fact must not be overlook
ed in this argument, that the United
States is the strongest sovereign gov
eminent on this globe, and that with.
III its territorial jurisdiction it can d.
Ianything it dam please"
Other Nations Would Follow.
"a. All other leading nations are
in the same dirty fix as we are, on
ly worse, and believe they would
willingly adopt the same course fol
the same reasons, and the same end
Ii. e., because they must in order tC