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Letter to Editor
June 24, 1890
The Indianapolis Journal
Indianapolis, Marion County, Indiana
What is this article about?
W. B. Clarke of Indianapolis corrects a published alarmist article on Peru's potential silver dumping affecting the US silver bill, providing factual production figures from La Nature showing Peru's negligible output versus US and Mexican dominance in global silver.
Clipping
OCR Quality
100%
Excellent
Full Text
"The Coming of Silver."
To the Editor of the Indianapolis Journal:
In a "New York special," under the above head recently you published a "scary" story regarding the consequences of "Peru dumping the product of her silver mines upon the United States," because of the reported passage of the silver bill. It is consoling to know that there is not much danger from Peru, because her silver product is only seventy-five tons annually (compared with ours, 1,424 tons-nearly half of the world's production of 3,427 tons). Mexico is our great rival, not Peru, for her production in 1888 was 995 tons. All these figures are from an interesting article in La Nature, which states that the world's annual silver product is valued at $142,000,000, which would form a solid cube 211 feet square. The gold product would be six feet seven inches square.
W. B. CLARKE
Indianapolis, June 23.
To the Editor of the Indianapolis Journal:
In a "New York special," under the above head recently you published a "scary" story regarding the consequences of "Peru dumping the product of her silver mines upon the United States," because of the reported passage of the silver bill. It is consoling to know that there is not much danger from Peru, because her silver product is only seventy-five tons annually (compared with ours, 1,424 tons-nearly half of the world's production of 3,427 tons). Mexico is our great rival, not Peru, for her production in 1888 was 995 tons. All these figures are from an interesting article in La Nature, which states that the world's annual silver product is valued at $142,000,000, which would form a solid cube 211 feet square. The gold product would be six feet seven inches square.
W. B. CLARKE
Indianapolis, June 23.
What sub-type of article is it?
Informative
Persuasive
What themes does it cover?
Economic Policy
Commerce Trade
What keywords are associated?
Silver Production
Peru Silver
Mexico Silver
Silver Bill
Global Silver Output
Economic Impact
What entities or persons were involved?
W. B. Clarke
To The Editor Of The Indianapolis Journal
Letter to Editor Details
Author
W. B. Clarke
Recipient
To The Editor Of The Indianapolis Journal
Main Argument
corrects a 'scary' new york special story exaggerating the threat of peru dumping silver on the us due to the silver bill, emphasizing peru's small annual production of 75 tons compared to the us's 1,424 tons and mexico's 995 tons in 1888, with global figures from la nature.
Notable Details
Peru's Silver Product: 75 Tons Annually
Us Silver Production: 1,424 Tons (Nearly Half Of World's 3,427 Tons)
Mexico's 1888 Production: 995 Tons
World's Annual Silver Product Valued At $142,000,000, Forming A Cube 211 Feet Square
Gold Product Cube: Six Feet Seven Inches Square