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Show Higher Silver Price ToStimulate To ToStimulate Stimulate Mine Activity ActivityPlan Plan Proposed To Spread Benefits Of Of6.47 Of647 6.47 647 . Cent Rise In White Metal ' Increased employment the tbe per performance performance performance formance of o ( ad llional 1 tional development developmentwork developmentwork developmentwork work and the tbe mill mln miu ng of lov loser losergrade lowergrade . er ergrade grade ore are among the objectives objectivesot objectivesof of a plan which wblch has been suggested suggestedas as a result of the ctlon ction ot of con conbress conIress contress bress Iress , , In boosting boosling the tbe price ol of newly newlymined newlymined nevlymined mined biver fc b Iver lver to 7111 cpnts c"nts cnts " an anounce anounce anounce ounce an Increase of 647 6 47 cents centsan centsan centsan an ounce hich blch hlch recently became becameeffective becameeffective becameeffective effective effectiveDuring During recent years mines have havebeen havebeen havebeen been lorced forceil forced to neglect n'glect nglect ( ' develop development developmeat development ment meat work and ship a h b eher gher grade gradeproduct gradeproduct gradeproduct product due to the tbe sub normal con condJUons conditions conditlona dJUons ditions prevailing In the mining miningIndustry miningindustry mininfIndustry Industry The plan of Inaugurating Inauguratingadditional Inauguratingadditional Inauguratingadditional additional development ind and mining mininglower miningloner 10\\ 10 10er lower \ er grade ore has been dug dugBested , ug ugI uggested uggested I gested Bested r as a mean means * of spreading spreadingfarthest spreadingfarthest fpreadingfarthest farthest the Increase lljcrllase lgcrgase which t1\e t1 e he t1egovernment hegovernment thecovernment \ government has ha * granted the mines minesIn minesin mineIn * In boosting the price ot of slIverIt sliverIt tllrer slIver tllrerIt It Is estimated that the tbe profram program programwould programwould proframwould would refult result In the lollowlni following bene benelIts benefits beneflf lIts fits lItslMake fits1Make l-Make l Make 1-Make 1 1 - Make employment for at least leait600 600 addltionul addltlonul additional mine and smelter smelterworkers smelterworkers imelterworkers workers workers2Increase 2-Increase 2 Increase - 2 - Increar Iota total ] mine and BmeH smelt BmeHer smeltat imeller er at pi-roll pi roll pavrolls payrolls - * by f2 U $2 2 $ 000 000 a yearL year3Pay year L \ . i-fij i fij a-Pay a Pay 3-Pay 3 - { , ; ZOO 200000 000 In additional lo )0- )0 0 ) - ' . 'cal cal ' cal state and federal taxes4Make taxes4Make taxes 1 4-Make 4 Make 4 - Make trom from $500 500 ? $ 500 000 to $1 1 $ 000 000000 000 ava lable for ( or more mine sup suppiles supplies supplies piles plies transportation and PO\\ PO powerb1 power POer powerC \ er 6- 6 6engthen b-1 b 1 C - ] I engthen the tbe 11 II It e a of the m nes nesand nesand nesand and add to the state states s resources by bymIning bymining bymining mIning hitherto unpiontable unplofitable unprofitable oreBased oreBased ore oreBased Based on past p eduction oductlon oductfon tbe the the6 647 6 47 cent Increase in the price of ofsilver ofsilver otsilver silver \ would ould add (521642 521642 $521642 $521 521 ( $ 642 to the theannual theannual theannual annual \ value alue ot of Utal s metal pro- pro production production pro production - duction A 11 fire flue ve year a average \ erage of ofUtah ofUtah oUtahs ( Utah s a underground mines bows shows showsan ! showsan bowsan an annual production ot of 1 084 576 576ounces 576ounces 576ounces ounces ot of tllver silver according to IIg fig IIgures figurea flgures ures urea ot of the U S Bureau ot of MinesUnder MinesUnder Minei Mines Minei'Under 'Under Under ' the tbe proposal the (524 524 $5Z4 5Z4 $524 ( $ 6 624 624increase 624Increaic 4 4increase increase In revenue as the result resultof resultof resultot of the illTcr silver boost would be multi multiplied multiplied multlpiled plied by at leait least tour four time times * In one oneyear oneyear oneyear year thui tbus thus welling swelling the additlor addition additloralpayroll al alpayrolls alpayrolls payrolls * and other expenditure expenditures ! to toabout toabout toabout about $2 2 Z $ $ 000 000 and adding anolher another another$300 another300 $300 300 $ $ 000 tor for taxes taxe * and capital gainsIn gainsin gaini gains gainiIn In mining lower grade ore pro pro- proponents proponents proponent - ponent ponents * of the tbe plan argue It would wouldbe wouldbe wouldbe be necctsiry necessary to add materially to topayrolls topayrolls topayrolll payrolls in fn order to produce produre the thesame thesame thefame same amount of metal and smelt smelters smeltera melten ers era fallroadi tallroads railroads etc would bare have to toIncrease toincrease toIncrease Increase their torcet forces to handle handl * lbe tbs lbelDcreued tbslacteased lh lhlncf lDcreued lacteased lncf xjd * toanac tonbaie tonhage . . _ J |