The agents receive them in St. Louis at
$4,85, bring them here and pay them out
to smelters for lead at $4,90. The smcft
era pay them over to miners at the same
rate and the one per cent, premium keeps
them at home in the mines because they
are not worth so much elsewhere in the
United States. The St. Louis men, desi
rous of keeping on the right side of their
friends, the smelters and miners of Wiscon
sin,store away all thu Sovereigns they can
get and send them to Galena to pay to
smelters and miners. Nobody carries Sov
ereigns out of the mining region for they
are worth more hi re than elsewhere ex
cept in England. When our men leave
the mines to pay out money or send money
away, they buy the dirtiest lot of papei
money to be found, at a small discount,
paving therefor in Sovereigns at s4,9o,and
thereby leave the Sovereigns behind.—
Thus, we are relieved of rag money and
keep our gold at homo. Sovereigns ate
seldom if ever bogus; we have seen but
one or two bogus Sovereigns since our resi
dence in the mines. r i lie Banks and friends
of paper money—who are notorious for
never having much money of any kind,
have long been try ing to break down our
gold currency by various means. One or
two Banks have been started within Grant
County, and several Banks have started at
Mineral Point, the secret object being to
absorb the gold and s-pply a rotten paper
currency. The gold never came down un
der $4,90 —the paper always came down
shortly to a cipher on the dollar—or the
Bank wound up. At least two Banks, one
at Mineral Point and one iu Grant Coun
ty, have been bucking against a gold cur
rency; one is winding up—the other is
petering, as the miners say. One million
in sovereigns annually, creates a Whopping
/bro bank to light. The proceeds of one
good lead, if properly directed, could burst
any Bank in Wisconsin. The miners, as a
universal thing, refuse paper money, and
no smelter would pay it out if he could;
the act would disgrace him. It may be
seen therefore, why v•« xuuiuly i» gwUi
currency.
