Show Higher Higher Silver Price T To 0 I Stimulate Mine Activity 1 J a Z v va I Plan flan Proposed To Spread Benefits Of Cent Rise in White Methi Increased employment the performance performance per per- of or additional development per per-I work and the mining of or lower grade ore are are among the objectives I of or a plan which has been suggested as n a result of or the action of congress congress con con- gress in boosting the price of newly mined silver to cents an ounce an Increase of G. 17 cents an ounce which recently became effective f During recent years mines have been forced to neglect development de development develop develop- ment work and ship a higher grade product due to the sub normal conditions conditions conditions con con- prevailing In tho mining Industry The plan of Inaugurating additional development de and mining lower grade ore are has been suggested suggested suggested sug sug- as a means of Df spreading farthest the Increase which the government has granted the mines In boosting the price of silver It Is estimated that the program would result in the following bene fits 1 Make I-Make Make employment for at least GOO COO a additional mine and smelter workers i 1 2 Increase 2 total mine and smelter smelt smelt- er payrolls by a year 1 2 P 3 Pay 3 Pay y In lu a additional 10 lo cal state and federal taxes 4 4 Make 4 Make from Crom to 1000 available for more mine supplies sup sup- plies piles transportation and power y 5 Lengthen 5 the life of or the mines mines mines' and add to the states state's resources by mining hitherto unprofitable ore Based on past production the cent Increase In the price of ot silver would add 52 IG 12 to the annual value of Utah's metal pro pro- I A five year ear average of or Utah's underground mines shows an annual production of ounces Dunces of silver according to fig ures of the U. U S S. S Bureau of Mines Under the proposal the Increase in revenue as the result I of Df the silver boost would be multiplied multi multi- I plied by at least four times In on one t year thus swelling the tha additional f payrolls and other expenditures to I about and adding for Cor taxes and capital gains game In mining lower grade ore are proponents pro of the plan argue It would would be necessary to a add d materially to to I payrolls In order to produce the tha tho same amount of metal and smelters smelt ers erg railroads etc would have to Increase their forces to handle the tha increased tonnage t p |