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Show INTER-MOUNTAI- MINING REVIEW. N INTER-MOUNTA- IN pleased to know that the half-dollawere at length in sight. But they were hot, even after all this circumlocution.- The exasperated bankDevoted to the Mining and Smelting Interests of er waited two weeks, and then apthe Inter-Moo-n tain. West. pealed to the Assistant Treasurer at This appeal Washington. finally Published Weeklv by C. T. H ARTE. Room brought the coin, over two months af223 Atlas Block. ter the banker had first applied for it, TERMS : and it came from St. Louis! The Weiin (Payable ser Signal states that the banker was Advance.) Ono Year go 00 Bix Months really surprised when he did receive it " 100 Three Months 50 to find that it was silver, and not To England, Mexico and Canada, $3 rs MINING REVIEW. - one-doll- ar per rear postage prepaid. Entered at the Salt Lake City Postoffice as second-clas- s matter. San Fbanoisoo Office: 64 and 65 Merchants Exchange, where this paper is kept on file. Advertising contracts can be made with E C Dake, Agent. Salt Lake City, May 7, 1896. Silver Hard to Get. wlt5stand,n& the goldbug lie that the people do not want and will not take silver coin, and that the Treasury department encounters the greatest difficulty in keeping the present small coinage in circulation, it is easier for a New York gold gambler to draw a million dollars in gold from the than for a Western banker to secure a thousand silver s. A most extraordinary exhibition of stupidity on the part of the treasury officials, or a determined effort to prevent by every possible obstacle the circulation of silver, has just been revealed through the attempt of a Weiser, Ida., banker to secure $500 in s. silver He first wrote to the Crocker-Woworth National bank at San Francisco, asking that the silver be shipped from the there. The bank replied that it was informed by the that the coin must be shipped from Chicago. With its reply it inclosed a sound money circular, issued from Wall street, stating that it should be the object and is to the interest of every banker to use his influence to get delegates elected to the national conventions who will stand for sound money and the gold standard. The Weiser banker then applied to the Chicago for his silver, as directed, inclosing a bank draft on New York for the amount, but the draft was returned, with the statement that this office does not accept drafts or checks for any purpose whatever. This is contrary to the instructions contained in a late treasury circular, which directed that drafts and checks oft-repeat- ed sub-treasu- ry half-dollar- half-dollar- ol sub-treasu- ry sub-treasu- rer sub-treasu- ry collectible at any should be received in exchange for city silver coin, but a Secretary of the Treasury who sets aside the acts of Congress will not hold his underlings to a strict adherence to rules when a silver transsub-treasu- ry action is involved. The Idaho banker, however, again went chasing after that silver coin, and instructed his New York to deposit $500 in cold correspondent cash with the in that city. This was uone, the receipt of the money was acknowledged and the Weiser man was informed that the silver would be shipped from San Francisco! He had swung around the circle and got back to the place of beginning, but was ub-treasu- ry bills. This American Government is either being administered by blundering idiots or. an attempt is being made to withhold silver from circulation, and perhaps both charges will stick. Activity in Stocks. It is worthy of remark that a largely increased amount of local money is seeking investment in mining stocks. The exasperating conservatism of this region has ever been a thorn in the side of the promotor, but this conservatism now threatens to be broken down, if not swept away, by the many enticing opportunities presented by the mining share market. While it would be an exaggeration to say that a mining stock craze is upon Zion, it is quite within the limits of truth to state that the people exhibit a speculative spirit to a degree hitherto unknown. Small investors manifest a greater interest in the Stock Exchange transactions and the professional men, clerks and shopkeepers are falling into the habit of inspecting the board daily. Capitalists are closely watching developments at the mines and the condition of the market and are placing considerable money as their Judgment dictates. Many a little hoard of savings that has been lying idle in the bank has recently been encroached upon to invest in a stock that gave promise of an advance. It has thus come to pass that a great majority of the people have a portion of their money invested in mining securities, and these investments range from $50 up to $50,000. Mining is the overshadowing topic, and this is as it should be, for mining is and will continue to be the chief industry of this whole region. This speculative tendency that is now manifesting itself is largely the result of the general appreciation in values during the past few months. Half a dozen of the stocks have doubled and nearly all ha.ve made substantial gains. When Smith learns that Jones has made $10,000 within ninety days, Smith and Smiths friends became anxious to ride in the same wagon, and their profits induce a score of others to invest. Actual conditions at the mines justify the belief that the upward movement in stocks has but just set in and that the interest in mining investments will continue to grow. Some people will doubtless make a lot of money and others will lose much more than they can afford to lose. It is gratifying to note that it has not yet reached the fever stage, and that, however anxious the people may be to buy good stocks, the "fake schemes are given no recognition whatever. In this connection a word should be said concerning the good accomplished the Salt Lake Stock and Mining Ex. change. The beneficial influence exerted by this organization is not appreciated by mine owners nor by the general public. It is true that "wash sales are sometimes placed upon the board and that some stocks are manipulated for Jobbing purposes, but this is also true of every exchange. It is impossible to exclude these evils. The exchange has made a better and more stable market. Although the trading upon the floor may at times be and there are more transactions inlight the offices of the brokers than In the the official quotations established pit, by the exchange are taken as the basis for this outside trading. The exchange thus affords a method for the approximate value of determining stocks and without it investors would not only be entirely at sea, but they would be in great danger of being "skinned. Mr. E. R. Holden of Colorado to utilize Utah salt In the pro-pos- es manu-factu- re f chlorine. His Idea Is that this salt should be shipped to Colorado, where there are Immense water powers unused, and use this water power o generate electricity, "which," he ys ha the Power of decomposing the chloride of sodium, or common th chlor,ne escapes Insalt, the atld Is then condensed aotva??r form- after which U?u,d It Is plaoed dlrectly In contact th the high or low ores of the States of the West" grade Chlorine can be manufactured by this process, Mr d tWnkS ofthtn at IeSS CSt' than one-ten- th Ials tor chlorination a higher extraction y cyanlding. However, there Is no necessity for shipping the Utah salt to Colorado, as there Is more water going to waste right here In Utahpower 0113 In any other State. he than Prohibition reatens to essay theparty of Idah perilous feat c riding three horses in the coming pc Utica! race, in order to save the dele nevsStheTPtenSe f makinK lonff JUI convention was divide fsections, one to meet at Ida Into tlh another at Moscow and th frdadopted a The Idaho Falls sec platform th retirement of gold and demanding stiver mone-anthe substitution of paper. Th Boise section declared Itself for blmet Im alItS d allsm, while the Moscow division uphold the single ard. Thus all people who gold stand total abstinence will find abelieve li flnancia plank to their taste. ma-possibl- y The following compliment from t jourrml of such standing and influenc, Sa-Lake Herald Is appreciated Charlie Hartes Min Ing Review is cutting considerable ic In mining circles, and, viewed from point, is an able and conservative anj exponent of the mining industry of the W est. H Inter-Mounta- in Senator Brown has introduced a providing for the establishment of a! assay office and a branch mint at Sail Lake City, |