Tombstone epitaph., 1921-02-20
SILVER'S HARD ROAD

IL is no, pleasant to contemplate what might have been the fate of the mining industry of tlt West were there Pttman act in existence Foreign silver yes eray touched 39 }4 and may be assured that the white metal could be produced any such figure The present price of S materially assists in the min ing of the other metals. If the London price governed. conditions would be much the Lcadvillc, Col orado, Herald Democrat.
 It Is passing strange how facts have consistently mocked at prophesy. Silver tod-wthout muck basis in fact. it be admitted would remain at $1.0 It happened. however. that exactly the same thing took place in the ease "f silver occurred in the of other commodities. such sugar When the price the nations began unload France sold her silver and the same Is true of all the other European countries Ii trade langushes. it aSSuledy Is in numerous DOT
 lions of the world the demand for silver is automatically eurtacd That is what the prophets of high silver prices uid take into consideration when the quotations Iocketing.
 The fact S the world is practically bankrupt France. which supposed [" be recovering rapidly. 1t now appears is at the end of her financial string and the possibility of @etn" some German rcparaton money does appear to have created any buoyancv. What the central empires hopecssy involved in
 financial difficulties. and the present state of the silve" market Is merely "f the reflections of prcva" con ditions
 These was considerable criticism n,luged in bv anti British agtaol this country the sale of the hoard cd silver in the United States treasury order sustain the credit of England ill Indian during the As mat have turned out n has inurcd the benefit of the s miners. The sole reason for the Pttman act to provide for the rcpcnshng of the depleted silver Had there been no depletion due to the United States sending the silver lnda there would have been Pttman and the silver miner would have been at the mercy of the world market
 The silver situation is dcplolabc enough. but with the blanket of the Putnam act protect the Am erican miner from the blast there is satisfaction similar 10 that experienced while sitting by the fire the biz gard rageS outside.
 Thus far no concerted mlvocmct has been made to attempt repeal of the act although or later watchdog of economy thrust the matter the attc ton of congress
 The rehabilitation of silver only with th> rehabilitation of the business of the world. that has improved since the al1nistce.
 That. fcar is due partly to the false mistaken prophets. who counted too enthusiastically the world be- ing able to pull itself up by the boOtstras It would ap pear if the Versailles treaty. while bringing official peace, had done nothing to restore economic conditions to start them the way recovery CuriOlsy enough the world is not ''rebuildng The million and quarter ablcboded men out of work in England, and the three million in the United States is evidence enough that the machinery of industry has become disabled Dev astated France should be fruitful field for the rebuild program to be carried out but read that labOrcrs in that region being discharged by the thousands for lack of funds and that families preparing abandon the devastated and become refugees more
 When it is fully realized that the great has left the world poor, of the present troubles be bet understood Poor nations like poor people, cannot make great headway.