The daily morning oasis., 1920-08-03
tEDITORLAIS.,
MR.. BUFFERS WORKING

Mr. Charles Buffers, the Sinaloa silver pro-
ducers, whose addresses to the Nogales Chamber of
Commerce have been given attention in these col
unns is in New York, and in that city he has broach
ed the subject close to his heart which to reopen
minis i'll Mexico to coinage Of the silver product of
that country; and his proposition is given close at
tention In financial circles
The New York Record of July 10th gives Mr.
Buffers and his proposition extended mention as fol-
lows:
Charles Buffers mine owner silver expert and
metalurg1st of international regulations is credited
with being the author of one of the most compre-
hensive plans yet outlined for the stimulation of sill
yer production on the American continent and the
'naintaince Of a fair rrice for the metal His plan
has been submitted to the Mexican Government and
nav be acted upon by the Mexican authorities in the
near future.
Briefly. the plan comprehends that the pro-
ducers Of silver in Mexico will establish minis at
various points, under government supervision. and
will coin the product of the Mexican silver mines for
the next few years to the amount of at least 2OO-
100000 ounces and probably much more.
The effect of the withholding from the Ameri-
can and foreign market for Mexican consumption
of the huge output Of The metal of that republic will
1t is stated result in assuring +ha American pro-
dncer OF silver fair return for his expenditure Of
capital and labor.
British Bankers
But it will accomplish sonn+Eing more import
ant than this, tits added It VIII n9ravze the eff
Forts of The British bankers aotino urdnr British
Government stimulation according 70 Tho od,7ocates
ut Buffers MON to keen the pico nf silver down so
that wellnigh unlimited ouanti+v of this precious
metal NAV he av"ohe for the uses Of India and for
the unblliding Of British COMMERCE in he Orient
If Buffers plan is carried to fri1,+ico SOW close
nH""''ors ef thn si1vor situation tho Tn+nd Stotes
can bid joyful goodbye to the r1re1v artificial on
don quotation for bar silver and purch"en of silver
by the British Government for the first fine in his
tn'v viii fall within the r1rveW of The universal law
of sunnlv and demand.
Silver mon who aor11air+nd with P11tfnvs'
nan are of The oniron thot one IF the effects would
he that silver would enchance in value and that
the chance is strono that American silver will sell in
London at fair-si7od premium above the price
pegged under the Pittman act.
Here follows in Buffers words his brief re-
capitulation of what be proposes to accomplish and
how he proposes to do it:
"My plan in brief is: Since 200,00000O to 3O0,-
100000 ounces of silver money is urgently needed in
Mexico today, could supply it in this way:
II. Let the silver producers form assoca-
ton to coin this money! under arrangement with
the Mexican Government by which the producers
will supply the necessary minting facilities and is
the coins to the producers direct in return for
the metal.
"2. The producers Of silver in Mexico will pay
all their Mexican bills in this silver and will pay with
this silver their laborers, and for all supplies bought
in Mexico III - r 10
Half the Output
"These payments would Immediately absorb
more than half the output of the mines.
ITO this extent it would di7'inish the bullion to
be marketed which would so reduce the new supply
that silver would appreciate in value. The pro-
ducers also buy export goods for their silver and
export other commodities instead of silver.
"2. To furnish these coinage facilities. should
saw that the producers of silver should build the
minis under concession and whatever profit was