Gold And Silver Production

Manv advocates of unlimited silver coinage at the ratio of 16 to 1 deny that the reduced market price of silver is diie to tlie increased production of silver, claiming that such reduction is all due to the demonetization of silver in i 1873. Thoy furtber insist that the productiou of gold and silver of the country has been relatively about the same since 1873, as it was for many years prior to that date, which is a claim founded on nothing, for the yearly reports from 1849 to 1893, stating the annual output of eaoh metal, show au immense increa.se of the silver product of the country in value over that of gold. In order that every reader of this paper muy see for himself just what the annual product of gold and silver has heen in the last 44 years, we give herewith the official reports of the director of the United States mint, as published in the World Almahac for 1895 : Year. Gold. Silver. [849 40,000.000 60,000 LS50 50,000,000 50,0110 1851 - 55.1100,000 50.000 1852 fiü.000,000 60,000 1853 65,000,000 60,000 1851 0,000,000 50,000 Ig55 55 i 00. ) 50,000 1866 55,000,000 50,0(10 1867 55,000,000 50,00n 1858 50,000,000 500,000 1859 50.000.00 J 1(10,000 180 -46 000,000 150 000 1861 43,000.000 2,000 000 1S62___ 39,MIO,000 4,500.0011 1863 40,000. 00 8,500,000 1861 46,000 OU0 11,00 ,000 L865 53,000 Oiio 11,250,(100 18IÍU 53,5 0.000 ÏII.COIUMJ 181)7 51,725.0 10 13,500,000 1868 „.OOO.OflO 12.00D OüO 1 86 49,500,001) 1 2,000.0011 1870 S'i.Oüii.OOO 16,000,000 1871 43,500 000 '23.000.000 1872 3li.000.000 28,750,000 In 187."! silver was "demouetized," bnt note the iucreased productiou of the silver mines since that year. We continue the same report: Year. Gold. Silver. 1873 S6,()UO,( 05 35,700.0110 1874 38,494,902 37,32-1,59 1 1875 33.4t7,850 31, 727 ,-561) 1876 3929,166 3?,78i.O16 1S77 40,897,391) 89,793,073 1878 51,20ii,:i(i0 45,281,385 1879 38,899,808 40,812 132 1880 36,000,000 3S 450,(100 1881 34,700,000 43,000,(100 18S2 32,500.000 46,80C,OOO 1883 30.000.0(10 46,200,000 1884 30.800 000 48,800,000 1885 31 ,800,000 rl,600,000 1886 ..35,000,000 51,000,0 0 1887 33,000.000 53,3 7.000 188S 31,175 ('00 59,195.000 1S8I 32,800,000 64 646,000 1890 32,845,000 70,4HJ,0d0 1891 88,175,000 75,416,565 182 33,(100,000 82,101,010 1893 35,955,000 77,575,757 The report for the year 1894 is not included in this list. It will be seen that the gold production of the United States was larger in 1849 than in 1893, and that during all the intervening years it never went low $31,000,000 or abo ve $04,000,000, the latter being reached in 1853. On the other hand, it will be seen that the silver product in 1849 was $50,000, and in 1893, $77,575,757. The very large increase in the yearly production of silver since 1873, the year it was demonetized, is here shown. In no year prior to 1873 was the production of silver equal in value to that of gold, while since that time the value production of silver has been very mach greater than that of gold. mese hgures show that in the last ten years, he re reported, tlie production of gold was $331,550,000 in valué, and of silver, $634,155,332! Nearly twice as much silver as gold value produced froin the mines during these ten years. Do not these figures rather weaken the free silverites' argument that the reduction in the market price of silver is not due to the increased production of silver? We should say they do. lt has been just fourteen years since the Leader commenced leading the people of Milan aright, and it is still continuing the job in a first-class manner. The killing off of the flocks of sheep beging to teil on the mutton market. Tlie price of dressed careases is now 3) cents against 2ó cents last year.- Courier. This is the way the Courier has of accounting for the rise of prices of sheep predicted by the Argus when the "Wilson bill nassed.- Argus. Sure. The Argus was far-siglited enough too see and understand that when the flocks were so depreciated by reason of the low prices of the Wilson bill that the price would surely advance. But will the Artrns inform i farmer who has killed off his sheep, or given them away to the butcher to kill because they were unprofitable, how he will be benefited by a mise in price? What help is it to a Juan if lie can buy a good dinner for rive cents if he has no way to obtain the nickel? Two proposed amendments to the state constitutie will be submitted to the people at the coming election, Manday, April lst. The iirst provides for au inerease of salary for the Attorney Genea-al from $2,500 to $3,500, lut requires ünat he sliall personally attend to the duties of that offkc. Tlie second is a proposed amendme-nt to Section C, of Article VI. of the State Comstitution which provides that the legislatura may provide for the electiom of more than. one circuit judge in the judicial circuits in which the city of Detroit and the counties of Saginaw, Kent and Ingham are situated. State and county politics do not appear to be stirring up the people to aiiy great extent tli.is spring. It is a foregone conclusión that the republican candidatcs wil! be elected : and our democratie friends appear to I have no heart to malie a fight.