Bisbee daily review., 1918-08-18

Among numerous plans for the bet terment of the gold mining situation. that advocated by the Wallace. Ida. Miner is one of the most interesting yet brought to attention. The Miner says:
 The crisis which confronts the gold miners due to the advance in price of labor. freight and all supplies they consume. which is already reducing the production of gold to an alarming extent, continues to absorb public at- tentiOn and the best thought of the naticn is directed toward finding a so- lutiOn to the difficulty Gold is the basis of the financial system of prac- tically every enlightened nation of the world. and as most of these nations are engaged in war and are daily add ing to their debt in the form of prom ises to pay in gold. it must be evi- dent that some plain plan must be de- vised to encourage the production of gold as a means of enlarging the foun- datiOn upon which these promises to pay rest. Many plans have been pro posed. including relieving the gold from war taxes. exemption from increased freight rates. paying them a direct bonus. and other schemes. But all these appear to be temporary makeshifts and promise nothing in the way of permanent re- lief after the war. Two weeks ago the Miner published a letter from Col Chester T. Kennan to Senator BOrah, in which he proposed to fix the value of gold at $30 per ounce 9-10 fine. this being taken as representing the actual value of gold as compared with the price of labor and standard cOmmOdi- ties. This he argues would stimulate the production of gold and at the same time broaden the basis of our currency and other gold obligations. This idea is also discussed and urged by a cor respondent of the Mining and Scien- tiic Press and is reproduced on an- other page of this issue. Further elu- his plan Col Kennan has ad- dressed a letter to Senator F. M. Sim mons. chairman of the finance com mittee. of which the following is a copy:
 Letter to Senator Simmons
 Spokane. Washington. Aug. 2. 1918.
 Senator F. NJ. Simmons. chairman of finance committee. Washington. D. c.
 Dear Senator: Inclosed is a copy of letter to Senator Borah relating to the to further suggest:
 The gold miners of the Rocky noun tains hold that congress should i'm mediately pass a law in which the fol- lowing would be essential provisions,
 First-Establishing the value of gold coin at S30 per ounce. 9-1O fine
 Second An gold coin and gold cer- in the United States to be i'm sent to the United States treasury for reminting and reprinting on that basis. to be returned to the owners as soon as respectively re- minted and reprinted.
 Third-That from and after the pas sage of this act of congress. no gold coin nor gold certificates of the United States shall be used or passed as cur rency until the same has been remint- ed or reprinted
 FOurth-All gold coin shall be i'm rcminted in two. two and three. five, ten, fifteen. twen- ty, twenty-five. and thirty dollar de and all gold certificates be reissued on the new basis
 Fifth-All gold coin and gold cer- tifcates in banks. trust companies. and other public Repositories. shall he gold coin and certificates owned by depositors. and when remint- cd and reprinted. each depositOr in said institutions shall receive due credit therefor in the same ratio that his total deposits bear to the total of all other deposits in said institution each to receiveNhis original weight of gold stamped at $30 per ounce.
 Sixth-That the United States treas