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Show INTER-MOUNTAI- 3nteiflDountafn fiDining IReview. Devoted to the Mining and Sine' ting Interests of the Inter-Mounta- in West. PUBLISHED WEEKLY BT C. T. HARTE. Room 223 Atlas Block. (Payable in Advance.) Three Months ; To England, Mexico and Canada, postage prepaid. $2.00 LOO 50 S3 per year, Entered at the Salt Lake City Postoffice as matter. s second-clas- Salt Lake City, February 4, 1896 The Mining Review will supply Eastern subscribers with any information concerning Utah mines and mining stocks, without charge. The Review is not connected with any speculative scheme or mining bureau, and its opinions are unbiased. so-call- ed SILVERS HOPE. Sir Moreton Frewen, the eminent English bimetallist, three years ago declared that the adoption of the single gold standard by the United States would bring about a competition from the cheap labor of the silver-usin- g countries that would simply mean ruin to our industrial classes. Sir Moreton was a true prophet, and it has come to pass. The East has been placed upon the rack and is beginning to suffer the pains and penalties of its narrow and selfish insistence in behalf of gold When, by hostile legislation, we lowered the price of silver, we lowered the cost of producing manufactured goods in Japan, Mexico and all other silver-usin- g countries. The manufacturing East is now receiving an object lesson upon the evils of the gold standard, a lesson that will leave a Tasting and painful impression. Once the pockets of the manufacturing classes are deeply touched, and the battle for free coinage is won. The New York Daily Financial News, a financial journal of standing and influence, published in the camp of the goldites, has undertaken the righteous task of explaining to the Wall street financiers some of the evil conditions mon-ometalis- m. brought about by the gold standard. In a recent editorial it took the position that the passage of a free coinage bill would have a thousand per cent more effect in enhancing the price of American products and increasing the foreign cost of European manufactures and raw materials that compete with ours than the of the old McKinley law. England is paying for her Indian and Argentine wheat and her Indian cotton with silver purchased in America at 67 cents an ounce and coined at the rate of $1.32 an ounce. By increasing the cost of silver we would increase the cost to England of the Indian wheat, the cotton and other raw materials, and thus strengthen the position of American farmers and American manufacturers. While this is a sordid and selfish view, it is a most potent argument to re-enactm- ent MINING REVIEW. 3 use in Wall street. The News rounds excursion from the East to Utah deserves Indorsement. The Idea is unout its article as follows: Many people may say: But at what a derstood to be to give free transportation by special train and free entercost? What would be the actual cost? Our tainment to representatives of the Nation today Is in a terribly depressed Eastern press who desire to visit Utah. condition financially, and it is certainly Give the journalists an opportunity to not due to our having free coinage of sil- see for themselves that there is no disver. The entire production of silver in count on the statements made concernthe United States at the present time is d of what it ing Utah mines. about $G5, 000,000, or ought to be. Last year we shipped to PROTECTION FOR MINERS. Europe 60,000,000 ounces, and this year demand seems to equal our full producThe House and Senate committees on tion. If we had free coinage of silver it is Mines and Mining of the Utah Legishardly likely that our mints would se- lature are endeavoring to reconcile the cure 50 per cent of the annual produc- views of the miners and mine-owne- rs tion, but whatever we would ship abroad on the subject of regulations for the would bring our people an income of $1.29 operation of the mines, liability for acper ounce. It can be readily seen, there- cidents, hours of labor, etc., and the fore, that if all that coined by our Nation was taken out and dumped in the ocean, Legislators seem to find the task more that the appreciation of that which we difficult than it should be. A decent regard for the welfare of sent abroad and the increased value of our wheat and other products that we humanity demands that all proper and sent abroad would largely benefit us, and needful precautions be taken for the that the actual cost would be more than protection of the lives and health of made up to our people. those who engage in the hazardous occupation of quartz mining. As a matCOHMENCE RIQHT NOW. ter of fact, such precautions are taken No power can stay the tide of East- in a majority of mines in the absence ern capital now seeking investment in of any legislation upon the subject, if there is no Western mines. The whole country has though the mining craze. The stampede of in- higher motive. No reasonable objecvestors and speculators to Colorado has tions can be raised to the appointment set in, and they are coming by the of a mine inspector, or to the formulatrainload. President Jeffery of the tion of a proper code of regulations and Denver & Rio Grande fears the roads the strict enforcement thereof. But the will be unable to provide sufficient mine-ownecontend, and there is cars to handle the business. Denver, much in their contention, that if the Colorado Springs and Cripple Creek State thus takes the operation of the mines into its own hands it should will soon be filled and overflowing. These people are not on pleasure bent. share the responsibilities. If it lays They are coming West to buy mining down a full set of regulations for the stocks, to buy mines, to get in on the protection of the miners, can a mine They are coming to management, after full compliance ground floor. Colorado because Colorado has adver- with such regulations, be justly held tised herself and her resources, and liable to employees for any damages they have heard more and read more that may result from accidents? This about Colorado mines than about those point seems to be the stumbling block, of any other State. They will invest and the should carefully their money there, and their invest- consider the effects of the proposed legments will result in the development islation. of more mines and in the upbuilding of It is held by some that, the Legislathe State. ture having enacted measures concernUtah and Idaho are interested spec- ing the hours of labor, the ventilation tators to this activity. Further than of mines, and other laws in the interest this they are hardly in it, and why? of the miners, and imposed severe penThese two States produced nearly alties for violation of such laws, the twenty million dollars worth of gold, appointment of a mine inspector would silver, copper and lead last year. New involve an unnecessary expense to the districts are being opened up, new dis- State, but it would seem desirable that coveries made in old districts, and in- It be made the business of some official viting fields are presented to the in- that the laws are properly enforced, vestor.. But not one person in a hun- and he should be given dred who starts for Cripple Creek power to suspend certaindiscretionary dreams there is anything beyond. The under certain conditions. regulations Mercur gold belt is beginning to atThe coal mine inspection bill is practract some attention, simply by reason tically a of the Terriof its merits, but the possibilities of torial statute and makes few requirethe field are comprehended by but few ments not already met by the coal people in the East. No adequate effort mines of this State. has been made to advertise this region. The bill introduced by Representative If Utah and Idaho desire assistance in the development of their mining re- Raddatz, which fixed district recorders sources they must invite it. They may fees at 75 cents, will be so amended as assure each other of the possession of to permit the fees to be fixed by the great riches and felicitate themselves districts, but the filing of duplicate loupon their resources, but all this cation natices with the County Redoes not bring in one dollar of outside corder will be required. capital. They must disseminate information broadcast and there is no The Mining Reviews Boise correbetter time to commence than right spondent this, week sends an interestnow. ing letter on the organization of the In this connection the proposed press Idaho Mining exchange. If this organi- one-thir- terms: One Year Bix Months N self-intere- st, rs law-make- re-enactm- ent rs |