Douglas Island news., 1920-04-23
WHY GOLD SINKS
 AND SILVER SCARS
Able Article showing Why Che Excise law Should Be Passed for
 Relief Of Miners

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 and excise laws. umcIy article n
 Che April number or Current Opinion .er,es to throw considerable ush. ou Che condition ot Che precious mining industry The article fo, iovs.
 Gold mume even m Che very Oph.r and Go'oonias ot One world. has aimos. reached rho stage of be- mr uruunh.e Not as Che New York Sun points out because the gold .s uot m Che ground u huge and accessible volume. uot because lrr world docs not need n. not be- ..u.r m. bond of mon has ios. Is cumming n .he mm- of tls prcO- Ious metal which .s thc money stan lrrI o. civilization. but simply be- cau.c much o. Che gold chat miners once sought eagerly to produce Is rol now worth mining For Che mining of It cost. moro .u wages. tn the supply %. power iu tunspor,a- uau buIs. i'm e,cy item ot expense that goes into to. l.erne refining and distribution Also.
 -whcn he gold - ou, ot ,6e ground now 10 I.nf worth what it ras worth before. beeaese .ts selling price s .zel. because. under such circumstance. Its power or exchange oore away n s worth only ha'f of what i. va, worth expressed. say. m mere white paper t Is worth only orc.lhIrd ol ahat to once was worth expressed .u wheat 70 e worth only one-lor-.h of what u orre uas worth expressed Ina cotton rt .s worth or.t ou-arh ot what It o-,e uas worth expressed .u white nrtatnr. \ while ago au ounce of gold would c1eharsc into a rrctf, n.r su.t of clothes. a good looking h.t and stout pair of shoes A rnr. ago .n nHao. ol gold would ry.rrrer into fno barrels or sugar Tho otrrr day f would exchange .a.o n hundred pounds of sugar Al ohr. ago am ounce of gold would r1.rrr-e into two tons of coal Now It win ey.haree into tbree-Quarters of tor X nhHc ago ten penny a..-rt rr gold woe'I exchange into tcr peek. ot roato.- Nov if vu syrasure nto t.u quarts X while .ro reruvvc.er. ol gold would cN- change into twenty quarts ot mnk Nou r vm exchange into eight ruts A while aso a pennyWc.eht or gold would exchange into days supply of food dor thc average fame Hr Nov t u.u exchange Into haf "a Ior.r pork ehop. A while ago. indeed. am ounce of gold Voa'd eN- rrarr. into about four pounds of silver. now 10 win exchange into just aboa, pound and a quarter ot W,e-
 Asa result silver. Che commodity. |. or tac rampage. sampeius s..r.r trr .n.n. .JrHse -o'd which. hove over h.-h n. oa.t ot production. can br ...I only at One azed price of SEQ .r oaa.c. silver can and does seu at whatever It. market price may be. r.r. yerr. ago silver uas scapug bottom lt f>l cont. au ounce This mad. or- oliver dollars worth. a. trat uur. only .- cents 0f late. silver has boon selling to- thre. times as much as Hs low price .u faI5 Al Che selling price or Sf.s-i4 the other day our silver dollar was worth m much as ffHfi. n so'i When -ae read. silver s worth fi.23 am ounce as n commodity t s nrout- abI. to sr,.rm.ths or exporters to uer down mI-ve.eht dollars and son then as bullion. But silver has to be worth sI.es an ounce for |, ro be profitable Co do ths vi,h our subsidiary eo.ua
 ro meet che danger of au utterly vanished subsidiary coinage Repre- s.utar.. NcFalder has introduced hU .r congress to lower tbe sub. sdary standard from ao per cent Co So per cont ot unc silver Canada has had to rclu.s One proportion o' fne silver Iu Is currency from a25 parts Of aue silver and 60 parts o. alloy to 5000 parts ot uuc silver and goo of alloy Holland has done the
 same thing Only n ths way wh.l, Che market price for silver es a com. moiity .s so hIeh. can che subsidiary ro.ns bc kcrt n circulation or con thcir silver content bs kept at home In ths connection. says Che Sum.
 .rte foreign demand for silver a buuon .s so heavy chat we might
 v.kc mp any morning Go And ouI ssn0. 100000 of subsidiary co.u sailing acros che sea as bullion. l wouldn't make so much dI1erenc