The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1919-10-25

Yesterday, In Outunln8 tne present
world situation as 1t affects silver
PRODUCTION. Mr.. Davis is proving his
faith in the future of the white met
Al. particularly in Nevada, by in
vesting several million dollars in
mining and milling properties at Eu-
reka and surrounding territory. He
was in Reno yesterday on business.
and from here expected to 90 to San
Francisco, where plans for develop
ment Of properties In this State are
IN process of consumation.
Mr.. Davis expresses his firm be-
lief that boom days Of Nevada are
to return, not as a temporary con-
dition, but to be permanent. He
believes the State is on the threshold
Of an era of prosperity never before
equaled, and one which will make
Nevada again the leading silver pro-
duction State.
CAUSED BY WAR
"The silver age will come out OF
the hideous nightmare OF the world
cataclysm." declared Mr.. Davis. THE
necessity OF war brought about an
upheaval In financial and economic
conditions, the effect Of which must
last for centuries.
Throughout the world gold as a
circulating money medium has prac-
tically disappeared. Its production
Is rapidly decreasing. while the obli-
cations payable In II have multiplied
until the aggregate has reached fig
ures almost beyond the grasp OF the
most vivid Imagination. Keeping
apace with this staggering increase
Of gold obligations has been the In
crease Of paper money issued-prac-
tically In every conceivable form
to meet the requirements of the many
succeeding desperate situations
These emergency currencies cannot
endure. The world cannot long pay
the cost of inflated currency without
the complete loss of confidence and
the clearing up of the situation. eth
er through reputation or the pro
cess Of bankruptcy. Already. among
the peoples of the entire world. is
heard in no uncertain voice the de-
mand for metallic money. This de-
demand will become more and more
insistent until. IL not answered by
their respective governments, the
paper money will cease to be accept
ed, and financial chaos will reign.
SILVER ONLY REMEDY
Silver IL the only remedy. The
restoration of the economic equil-
ibrium of world finance, commerce
and industry depends upon silver. II
always has been. and always will be,
more and closer to the masses than
any other form OF money. They
have known II throughout the gen.
erations. They have trusted 1t and
1t has never failed them. So now
out OF their experience of paying the
cost of emergency money they are de-
manding silver, and 1t will be silver
that will bring them back to normal
more quickly and more surely than
any or all other expediencies.
This fact Is and has for some time
been apparent to the financiers of
Europe. Hence the quiet but de-
termined efforts to obtain control
OF silver properties while fighting to
the last ditch to keep down the price
OF the metal.
ENGLISH BUYING
Il am informed by those in a po-
sition to know that never before was
tnere so much English money avail
able for promising silver properties.
treat effort has been made to keep
the TACT secret. England has long
dominated the silver market, and by
reason OF this domination has like
wise dominated the markets OF the
orient. Once she loses control OF
silver her grasp upon the oriental
trade will be loosened and her COM
merce will dwindle.
1t Is safe to say that England
played her last great silver coup on
this country when she procured the
passage of the bill enabling her to
get our silver for dollar an ounce
and Immediately turn 1t over to In
oia at an enormous profit. She pro-
cured the demonetization of silver
In this country and virtually de-
stroyed the silver industry that the
value Of her great gold resources
might be vastly increased. She has
hammered down the price OF silver
eser since that she might hold her
dominance Of the oriental trade. To-
day she is trying to get control OF the
silver min AZ NJ orr cou rfrv that she
may retain the advantage she has so
long enjoyed at the expense OF our
silver mines and of our country.
Under the new conditions brought
ABOUT by the war, England's control
u the silver mines Of this country