OCR Text |
Show I MINING BASIC OF WET- 1 ERN INDUSTRY H A direct offoct upon western mtn- H Inr dovolopment Is expected from H tbo- Hf t ot -sUrer, If Now Vcrlc, coulrt H translate Into dollar and cents the prices now offered for silver In London Lon-don (62 to 04 pence per ouuco 2.5 f Irfd) tho settlement price at tho Colorado smelters would range from $1.29 to $1.34 per ounce fine, after making deductions for Insurance and freight. This is only feasible when London exchange Is quoted at $4.86 to the pound sterling nnd not as al prccscnt when the pound sterling rate Is rated at from $4.1G to $4.20. In neither house of congress has opposition duvelopcd to the Ed go bill Tho prospect for Us .early, passago la therefore unusuallp good all the more so as tho party lit control of congress 'Is far In the rear on Its constructive program. In districts mining sllv?r and lead which usually go together aro our present best bet for a revival of tho baBto westtrn Industry in tho absence of which neither fanning, nor manufacturing would over have ( boon established. Grazing buffaloes nnd tho Indian would still be "fight lng It out" for tho possession of tho water holes and the fdvorlto haunts of wild game It It were not for mining. |