The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-02-12
ORGANIZE AMERICAN
GOLD MINING CONGRESS
GOLD MINERS SIGN PETITION
ASKING FOR NATION WIDE
ORGANIZATION.

ORGANIZATION.
Under the leadership of the gold
miners Of the state Of Colorado, an ef-
fort is being made to organize ali par
ties interested directly or indirectly in
the mining Of gold into an American
Gold Mining congress, the purpose OF
which is to urge upon the United
States congress the necessity of a
new gold standard and the reestab
lishment of the gold mining industry
The petitions are now being circu-
lated in all of the mining districts OF
the west and are reported to have
been signed by more than 10000 active
gold miners. The Murray district has
just been canvassed and practically
every miner in that section has sign
ed the call for the first meeting. The
plan is in line with the ideas of Ches-
ter KEENAN,, one of the leading think
ers on the gold question in the north
west, and he has assisted in getting a
large number of signatures here. r.
n. Horn is now in charge of the petit
ton in the Wallace district and ex-
poets to soon have all the leading
miners and mine operators on the list
The petition. as formulated and
sent out by the Colorado gold miners
is as follows:
Reviews Gold Situation.
"Reviewing the gold situation an
alytically we find as conditions prn-
oipes and facts, that:
THE gold mining industry is eXper-
fencing the most disastrous adversely
in all its history and is boldly threat
ened with complete extinction through
the permanent abandonment of the
use of gold as money-if the present
total abandonment Of the use of gold
as money is continued that certainly
spells the end of gold mining, for
there is ample gold already mined for
its uses in the arts, if it is not hence
forth to be used as money.
Gold coin is the greatest and most
important public utility owned by the
people Of the United States individu-
ally.
cold is not now nor has not been
for the past 25 years in circulation as
money as a medium of exchange as
a measure of value as standard of
value, or as common basis of credit
"At present gold coin is the basis of
nothing.
What doth it profit a great nation
to have three hundred billions of dol
lars of gold coin and never use dol
lar Of it2 If it makes no use of the
gold coin it is immaterial how much
of it the nation has
Production on Decline.
since the year 1915 the annual
production Of gold i'm the Uniteo
States has declined to about one-half
what it was prior to the recent world
war and is still rapidly declining
AT present gold is not money. me-
dunn of exchange. standard of value,
or common basis of credit, for to be
such it must circulate as such and the
mere fact that it circulates as such is
what makes it money, medium of ex-
change. measure of value, standard of
value and common basis of credit
"As gold coin is out of circulation /
by reason of the worlds vast gold /
shortage at $2O67 per ounce owing to /
COLDS consequent great increase i'm /
permanent value per ounce in order to /
serve all legitimate uses and purposes /
IF the modern world under postwar /
f- 9
he United States congress, in concert
With English parliament. to immedi-
,tely establish such new standard .
price for gold as will restore gold coin
o normal circulation again as money 4.
Medium of exchange. measure of
'alue, standard of value and common
'asis of credit
Production Rests With Miners.
"Manifestly the production of suai- {
lent gold to maintain a gold stand
I'd rests wholly upon the gold min {
ne industry Gold mines have dug {
nd i'm that sense have produced AN q
he available gold we have I'm the a
'orld mp to date and we must neces- D
arily look to them and TO them only p
pr all the new gold we shall need Q
resently and in the future As the i
My men qualified for that end il is In
roperly mp to the gold miners to spe- {
Ify what means it is necessary to en-
10y to make this vast increase in c
old production. It is for the gold p
liners to estimate how much it Will
,st per ounce TO produce an adequate
apply within the time requisite and
lie cost price per ounce with reason 4
bic profit must be the new sold stan a
ard c
Gold Miners Not Organized m
''The gold miners of America have nj
, organization or association Of their c'
vn for the common protection and u
STEERING of the gold mining industry 81
for promotion, protection and con- %.
rvation of the interests of those en- al
,ged in gold mining and the gold as
lining industry is now experiencing re
most disastrous adversely. chiefly ri
lack of such organization which ni