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The Wallace miner. [volume] (Wallace, Idaho) 1907-current, February 20, 1919, Image 2

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How American Silver Helped to Win
the War—Future of Metal Assured
(M. T. Chestnut, Jr., In Denver Mining Record).
Did American silver pave the
Pacts which have recently come
light lend the weight to the belief that,
had it not been for the release, by
congressional act, of a flood of Anier
lean sliver to India In the form of
melted down dollars at the critical
Juncture in allied fortunes last April,
the Hindu situation, fomented by Get'
man agents, might have quickly reach
ed a stage that would have made It
Impossible for the allied armies, even
with American aid, to hold the tern
flc Hlndenburg smash at the helghtiwas
of its momentum.
In fact, British statesmen have ad
for the allies?
mltted that part which this enter
gency release of silver played, while
not yet fully assessed in the light of
subsequent developments,
exerted a tremendous bearing upon
the turn in events.
It now appears that In saving the
situation for the allies, this great issue
of silver, by almost depleting the re
serve stock of the lifetal In this coun
try, has also saved the situation for
the sliver miner.
The Whlsh-Pittman act of April 23,
1918, authorized the treasurer of the
United States Tv withdraw 350,000,000
silver dollars from the treasury to
provide 270,000,000 ounces of silver to
be sold to the allies at $1.00 per
ounce. At the time this act was jih.mh
ed, a crisis existed in the financial
affairs of England. England had
bought great quantities of supplies in
India and thus had created an ab
normally large trade balance in favor
of India. India being a silver absorb
ing country, demanded payment In
silver, but excepting the silver in the
treasury of the United States, there
was no stock of metal in existence
large enough to satisfy tlie demand'.
England was an ally of tlie United
States, and a crisis in her financial
affairs would most certainly have had
a fatal effect on the outcome of the
war. England's Interest at this time
was our Interest.
The Walsh-Pittman I
bill was passed because, and solely |
because, tlie India crisis required It.
Ours was the only available stock
adequate to meet the situation.
Silver Saved Revolt in India.
It will be remembered that the great
German drive started on March
1918. Germany had been preparing for
this drive all winter and fully believed
that it would overwhelm tlie British
and French armies before tlie Ameri
can army could arrive on the battle
field. Germany had, through her
agents, succeeded in stirring up un
rest and distrust of England In India
and as the German drive progressed,
this unrest and distrust became more
pronounced. The allied armies were
meeting defeat am). being compelled to
retreat from day to day with stagger
ing losses, until It began to look like
a certainty that the Germans would
reach Purls and the channel ports. The
morale of the British and French
armies and of the people had reached
Its lowest point and the British nation
was in no position to hear the further
burden of existing conditions In India
where revolt or added distrust of the
21 ,
le 1 '
b) ft
T ALK about smokes, Prince Albert
is geared to a joyhandout standard
that just lavishes smokehappiness
every man game enough to make a bee line for a
tidy red tin and a jimmy pipe—old or new!
Get it straight that what you've hankered for in
pipe or cigarette makin's smokes you'll find aplenty
® That s because P. A. has the quality l
You can't any more make Prince Albert bite
^Vs<y; : x-,
tongue or parch your throat than you can make a horse
drink when he's off the water! Bite and parch
out by our exclusive patented process I
You just lay back like a regular fellow and puff to beat
the cards and wonder why in samhill you didn't nail
section in the P. A, smokepasture longer than you
to remember back 1
are cut
f. V A [ ber *' •vrywhtv tobacco it told. Toppy red bate.
bandtom* pound and half pound tin humidor,—and
—that clover, practical pound cry,tal flat, humidor with tpongt
mowtentr top that keep a the tobacco in each perfect condition.
R. J. Reynold* Tobacco Co., Winston-Salem, N. C
_ . Copyright lilt by
Rad. Reynolds Toboeeo Co.
wariallies' ability to win the war might,
and probably would, have caused u
to!fatal loss of morale among the people
of India, as well as at home. For
tunately, the statesmen of Great Brit
ain had foreseen what might happen
and had prepared for it. The Walsh
Pittman hill was passed by congress
for the purpose of enabling the United
States to come to England's relief,
because the British statesmen had
pointed out to the members of con
gioss how critical conditions were
An ever growing stream of silver
started to India at the same time
jttmt an unending stream of men were i
|sent to France, and all unrest and
to the
doubt in India was at an end.
| 1 nited States sent its troops
western front and its vast hoard of
silver to India, and in time It will no I
doubt be oflfcially admitted that the j
effect of the one actoln was as great
as that of tlie other. The whole world
knows the part the American soldier
played In Winning the war, while but
few know that silver had anything to j
a matter or fact, the
first break in the German morale was
do witli it. As
caused by tlie defeat and surrender
of the Turkish armies to General Al
lertby, commanding Indian and Brit
ish troops and followed by the sur
render of Bulgaria to allied army, ;
comjiosed partly of Indian troops. Sil
ver certainly played a large and 1m- >
portant part in the final outcome of
Just how great a part this {
was, lias not been fully disclosed as '
yet. The American soldiers' part has {
been made spectacular by hundreds of j
press agents. Tlie part silver played
has been effective, but silent.
the war.
Exporting More Than Production.
Of the 350,000,000 silver dollars au
thorized to be withdrawn by the
Walsh-Pittman bill, the United States
mint report it had melted down 194,
189,374 dollars up to October 1, 1918,
and it lias been estimated that by
January 1, 1919, the remaining 156,
. , , I
-X'port abroad. 1
00,900 dollars will have been melted
down Into bullion for
During tlie three months ending Aug-!
Mist 24, 1918, exports
ill the rate of 35,000,000 ounces per
month or about 420,000,000 ounces pet
year. That this rate of 'extport will
soon exhaust our supply of silver and
cannot lie maintained is self-evident
when it is known that the annual pro- j
ductlon of tills country is but 72,000,- i
000 ounces. We have been exporting
nearly six times as much sliver as we i
produce, and our surplus stock of the
metal, the 350,000,000 dollars that were
in the treasury, will have been ex
hausted by January 1, 1919.
if silver
were l
>r I
The average yearly production of |
silver for the whole world during the
past three years is about 160.00ti.000
ounces.' It Is estimated that all of
30,000,000 ounces annually is consum
The average annual imports
the fifteen
ed in tlie arts and moving picture
business. This estimate would leave
hut 130,000,000 ounces annually to
meet tlie requirements of the world's
mints for monetary purposes.
India is known as the "sink"
of silver into India for
years beglnnlug April 1, 1901, ti
31, 1916, were 83,136,000 ounce*.
The average annual export of silver
out of India for the same period of
time was 16,530,000 ounces.
The excess of Imports over exports
was 67,060,000 ounces of silver per
year. That is why India is known
as the "sink for silver," for this silver
m '' er "Rain reappears in the markets
of the wor 'd- During the fifteen years
cons| dered above, over one billion
ount ' es °l silver have disappeared into
s * nb ' never again to appear in
tbe " or 'ds markets, and tills same
P r(x,ess has been going on for much
' on £ er than fifteen years, and, in all
Probability, It will continue at an in
< ' 1 cased rate in the future.
Subtracting the 6»,606.000 ounces of
absorbed yearly by India, from
t, ' f ' 130,000,00 bounces of the available
" or * li s 8U PP*> - ' after the demands of
* be artw ,iave been met, we have 63,
" '* ,w>0 ounces left with which to meet
,bp demands of the world for silver
for colna ffe purposes. How far this j
amount " il] s ° to wards this end lx j
hidicated by the following figures:
World's Demand for Silver.
The world's demand for silver for
coinage purposes, outside of the whole
of the British empire, has averaged
for the above period of fifteen years,
150,000,000 ounces annually, or more
* ban tw l ce as much as will be avall
ab,e at the P resent rat e of production
after the demands of India and tlie
arts have been satisfied. Re-coinage
|of old and mutilated coins and old
silverware and jewelry has probably
!25,000,000 ounces of this de
mand, reducing the actual amount to
about 125,000,000 ounces,
this up we have as follows:
World's demand for coinage,
now silver annually .125,000,000
Arts and moving pictures,
new silver annually . 30,000,000
'Absorbed by India, new sil
ver annually ,...
. 67,606,000
Annual demand, new silver 22.606,000
World's present rate of pro
Deficti In production .... 72,606,000
'The above facts and figures clearly
Indicate the strong position in which
the producer of silver is placed today.
There is a deficit in production of
1 2.606,000 ounces of silver annually at
a time when all Indications point to a
greater demand for the metal than
was ever know n before. These figures
(indicate that the price of silver will
not fall below the current quotation
jand lead additional strength to the
current belief that tlie jirice of the j
metal will, when again governed by
the laws of supply and demand, ad-!
|vance still higher in price. That there j
.are additional grounds upon which to i
base this belief Is shown by the I'ol
lowing table of the world's yearly pro- j
Iduction and the average London price
jier ounce In terms of United JStntes
proou jtion
223.000. 000
178.000. 000
156.000. 000
150.000. 000
e see that since
Av. Price
Per Ounci
Thus w
tins been a steady
world's production
1911 there
in the
if silver in sipite
ot a steady increase in jirice. Cer- !
teinly, If figures can be relied upon,
" I
! these figure* surely slio wtliat the j
most prosi>erous jierlod the sliver
miner ever knew awaits him, even if
there were to be a greater demand for
the metal in the future than there hus
been in the past,
Greater Demand for Silver.
There is every reason to believe that
there will be a gerater demand for
silver. As one of the results of the
war, the standard of living In the
orient has been raised. The Orient
has grown rkjh through supplying the*
needs of the allies. The wants of the I
orient have increased, and will con- 1
tinue to do so steadily. England is
reported to have put 1,500,000 Hindu
soldiers under arms. These troops
fjave been out of India most of the;
time and have been introduced to new!
iin d strange commodities and ways of!
jiving. Trey will introduce them at;
home when they return. Thousands;
of Chinese have been used by the allies ;
b tt vk of the battle lines. These men
j w i|j be returned to their country, and
j introduce new wants among their peo
I pie. This means a steadily increasing
demand for silver, for this new wealth
and a higher standard of living will
enable the orient to absorb it in
greater quantities than ever before.
The above facts and figures explain
w hy China is offering $1.16 to- $1.20 •
per ounce for silver and cannot get it. i
As soon as the war restrictions are
removed by the government, silver
will advance in price because England,
the United States, India and the allied
nations will then have to compete in
the open market with each other and
the rest of the world for silver, the
'Piesent rate of production of which
is shown to be abnormally Sow. After
the first of the year the 350,000,000
silver dollars (that were in the Amer
ican^ treasury) will be gone, and there
is no other large stock to turn to.
The Walsh-Pittinan bill was rushed
through congress. There was no op
portunity given the mining men to
protest against it, if they had been
so inclined. The mining men knew
that the price at which this silver was
to be sold, $1,00 per ounce, was below
what It cost to replace it, but with
them it -was anything to win the war.
A promise was made them that event- 1
ually this silver would be replaced in !
the treasury. This means that ttie
United States must become a large
buyer of silver for many years in the
future, in competition with the other
buyers of the world. 1'ruly, the posi
tion of the silver producer would seem
to be the brightest it has ever been,
j The long looked for revival of silver
mining is in sight.
Sequoia national park, which a bill
j Pending in congress proposed to be
j known'hereafter as Roosevelt national
j Park in honor of, and as a memorial
! to the lute Colonel Theodore Roose
! velt, chiefly is famed for the fact that
its area is included the oldest
I living things known to man. These
are the giant sequoia, or redwood
trees, which grow in great groves
scattered through the park's area of
161,597 *
county, California.
As in the case of other national
parks of the United States, the Se
quoia national park was created fn*
the people as a recreational ground,
with the added object of jireserving
the great trees from the hands of
vandals. Adjoining it is the General
Giant national park containing 2536
acres, one-half of which is in Tulare
county and the other half in Fresno
acres, situated in Tulare
Trees Exceed 1,000,000
Within the two parks there are 1,
166,000 redwood trees of which 12,000
5T^ more than 10 feet in diameter.
The comparative measurements here
given include the larger und better
known trees which are pointed out to
Diameter Height
Some idea of the age of these trees
may be conceived when it is said that
scientists express the opinoin that
many of them were growing saplings
at the time tlie Tower of aBbel was
in process of construction, according
to biblical history. Thousands of them
had attained a lusty growth before
the birth of Christ in Bethlehem.
Count* 4000 Year Growth.
General Sherman tree.. 36.5
Ueneral Grant tree ... 35.
Abraham Lincoln tree . 31
California tree
George Washington tree 29.
William McKinley tree
Oa- the stamp of one of the many
fallen giants, John Muir, the natural
ist, counted more than 4,000 -rings, a
ring for every year of Its life. Its
trunk, exclusive of the bark was 35.8
feet in diameter. As the bark of the
largest sequoias Is two fet or more
In thickness, tnis giant must have
measured 40 feet In diameter when
it was growing. Fallen trunks, which
has thus Iain for centuries, remain I
undecayed and unaltered.
Civil Service Examination Will Be
Held March 15.
The United States civil service com
mission announces an open competi
tive examination for railway mall clerk,
for both men and women, on March
is given to Miners' and
Prospectors* patronage.
We Know We Can Save
You Money—Give U» a Trial
will be filled from this examination,
unless it is found in the Interest of
This examination is open to all citl
zens of the United States who meet
15, 1919. Vacancies in the railway mail
service throughout the United States,
at the entrance salary of $1,100 a year,
the service to fill any vacancyby re
instatement, transfer, or promotion.
the requirements.
Applicants should at once apply for
Form 304, stating tihe title of the ex
amination desired, to the civil service
commission, Washington,- D. C., or to
the secretary of the United States civil
service board, at Whllace or at the
following places where examination
will be held In Idaho:
Boise, Coeur d'Alene, Orangeville,
Idaho Falls, Lewiston, Moscow,
Nampa, Pocatello, St. Anthony, Sand
point, Twin Falls, Weiser.
By virtue of an execution in my
hands, issued out of the District
Court of the First Judicial District
of the State of Idaho, in and for the
County of Shoshone, in the suit of
James Wl Hutchins against Legal
Tender Mining Company, a corpora
tion, duly attested the 13th day of
January, A. D. 1919, I have levied up
on all the right, title and interest of
the said Legal Tender Mining Com
pany, in and to the following describ
ed lode mining claims, situated in
Evolution Mining District, Shoshone
County, Idaho, viz.;
"Legal Tender" lode claim, located
January 19th, 1891, notice of location
of which is recorded in Book "L" of
Quartz Locations, at jiage 99 thereof;
"Lizzie" lode claim, located October
10th, 1899, notice of location of which
is recorded in Book "S" of Quartz Lo
cations, at page 475 thereof; "Gold
Standard" lode claim, located October
1st, 1898, notice of location of which
i i recorded in Book "Q" of Quartz
Locations, at page 483 thereof; "Gold
i on Key" lode claim, located October
1st, 1899, notice of location of which
is recorded in Book "S" of Quartz
Locations at page 305 thereof:
"Group" lode claim, located March
19th, 1900, notice of location of which
is recorded in Book "T" of Quartz
Locations at page 177 thereof; "Her
schel" lode claim, located October
2fth, 1902, notice of location of which
is recorded in Rook "X" of Quartz Lo
cations at page 240 Uiereof; "Frank
lin" lode claim, located April 14th,
1898, notice of location of which is
recorded in Book "Q" of Quartz Lo
cations at page 350 thereof; "Pacific"
lode claim, located March 19th, 1900,
notice of location of which Is recorded
in Book "T" of Quartz Locations a!
page 176 thereof; "Hewett" lode
claim, located April 2nd, 1903, notice
of location of which is recorded in
The Store That Has Stood the TEST OF TIME.
Established in 1886.
Fresh Stock Full Weight Prompt Delivery
Fresh Fruit and Vegetables in Season.
Phone: 194
606 Bank St.
When you bay
• ••
Sunset Bud
Your money stays
at home
The product is
second to none
Book "X" of Quartz Locations at
page 409 thereof; "Revelation" lode
claim, located August 31st, 1903, no
tice of location of which is recorded
| n Book "Y" of Quartz Locations at
page 18 thereof; "Thomson" lode
claim, located March 21st, 1903, no
tice of location of which is recorded
In Book "X" of Quartz Locations at
page 408 thereof; "Lortng" lode
claim, located April 14th, 1898
tlce of location of which is recorded
in Book "Q" of Quartz Locations at
page 351 thereof; "St. Paul" lode
claim, located April 9th, 1900, notice
of location of which is recorded in
Book "T" of Quartz Locations at
page 426 thereof; "Admiral Dewey"
lode claim, located May 13th, 1898,
notice of location of which is record
ed in Book "Q'' of Quartz Locations
at page 397 thereof; and "Bell R.".
lede claim, located November 10th,
1890, notice of location of which is
recorded in Book "K" of Quartz Lo
cations at page 567 thereof; all rec
ords of Shoshone County, Idaho, to
gether with all buildings, mills,
flumes, machinery and mining equip
ment of whatsoever kind or charac
ter now situated upon said lode min
ing claims.
Notice is hereby given that on
Saturday, the 1st day of March, A. D.
1919, at 10:00 o'clock a. m. of said
clay at the Bank Street entrance to
the County Court house, in the City
of Wallace, County of Shoshone,
State of Idaho, 1 will sell all the right,
title and interest of the said Legal
Tender Mining Company, of, in and
to the said above described property
at public auction, to the highest bid
der for cash in lawful money of the
United States, to satisfy said execu
tion and all costs.
Given under my hand, this 29th
day of January, A. D. 1919.
Deputy Sheriff.
Subscribe to The Wallace Miner and
teep posted on mining.
Specializing Mines and Prospects,
Assessments collected, etc.
John F. Ferguson
Phone 88
Shoshone Bldg.
Wallace, Idaho
Mine Contract Hauling
623 Cedar St.

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