Manti Reporter | 1893-01-28 | Page 2 | What will we Use?

I WHAT WILL WE USE? Mono-melal'ists will find tood for reflection in the statistics of precious preci-ous metals for 1891. During that year one hundred and twenty-five million dollars worth of gold was the world's production. Of that about half wag obtained from silver mines. If the prese.it depression in silver continues the mines are likely to close down and the world's production will be reduced to about sixty million.?. 'J lie natural wear on coins wiuld destroy them in nuicn Ijss timethsn one hundred any twenty-five years, but sixty million dollars wo.Ua would be just that long in coining the seven and half billions at present in circulation circula-tion throughout the world. At present over half of the product pro-duct is consumed in tho arts, den-tristy. den-tristy. photography and other arts consumine yearly large quantities, and the amount is constantly increasing. in-creasing. With the closing of the silver mines, all the gold production would be consumed outside the mints, and part of the coin already in circulation would be melted up to supply the demand, . It will bea great idea if some gold bug will tell us what will be the standard of value under these circumstance. Will they nse a measure that exists in theory only or one that is sufficient for tho needs of ! he community ? It is a condi tion that confronts us.not a thesry; it is not the welfare of the west but of the whole civilized world that is being consideaed.