The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-11-01
EDISON ON THE NORTH CAROLINA GOLD
FIELDS.

EDISON ON THE NORTH CAROLINA GOLD
FIELDS.
I asked MIR. Edison, the other day, to tell
me something about his experiments in the
North Carolina gold fields. He said.
"My experiments were all right. The
trouble was the lack Of gold. spent sew
eral month travelling over North Carolina,
snd l found, In fact, that every farm had a
gold mine, but the gold, If it ever existed in
large quantities, has been taken out. The
mines had been dug down to the water level
in slavery days and there was nowhere gold
enough to pay. l found the country too far
off and too much out of the world for a
civilized man to settle in and l concluded to
come back to New Jersey and devote my
attention to iron. There is more money in
from than in gold, and the New Jersey iron
mines are going to produce some Of the best
iron products of the future.'
why don't you 60 to Mexico?' said L.
''There is plenty of gold and silver therep'
cts too far off, - was Mr.. Edison's reply.
"And life is too short to waste time in
travelling from one place to another"
UHAUNoEY DEPEw TALKS OF GAMBLING.
During an interview which l had with
MIR. Chauncey M. Depew few days ago l
asked him as to the business prospects. He
replied:
THE big crops of this year are going to
make times good for two years to come and
| think we will have three or four years of
prosperity. The National Exposition will
send plenty of money afoat and for a time
the whole country will boom. More rail
road will be built, new manufactures will
be started and everything will boom on a
credit basis until some financial failure,
like that of the Earrings in London, will
precipitate matters and we will have a
crash which will make every man who has
ventured out beyond his depths go up the
spout. The tendency of the present age is
speculation or gambling. The two things,
to large extent, mean the same thing. ]
have Travelled through many countries and
have had good opportunities for observa-
ton, and l believe that the world is getting
better all the time. Governments are be-
coming more liberal. The people are every
where averaging up to higher standard of
morals than ever before. They are improv-
ing, both in their social and business rela-
tions. Public life is becoming rlore hon
sst, session by session and year by year,
and there seem to be only one vice that is
increasing and this contaminates the whole.
This vice is growing with tremendous
rapidity all over the earth and especially
among civilized nations. This vice is gam
ling"
"What do you mean by gambling"
81 mean by gambling" said Mr. Depew,
''the betting on results which no knowledge
nor reason can foresee. We now bet on
everything. We put up our money on
stocks, On food products and upon everv-
thing that enters into our markets We
create artificial conditions and bet upon
them. We do the same with real estate
and we now bet in different way upon our
amusements. Our baseball system has be
come lottery, and betting grows in these
respects and on races and at cards all over
the world. The telegraph enables US tc
carry the betting stands of the Jerome
park track to San Francisco and there is 6
crowd around the blackboard in every city
betting on the races In clubs and private
houses, more In the old world than here
games of chance of every kind, with wagers
upon results, are becoming as common as
the daily dinner, and you will find Monte
Carlo going privately on at every one of the
great watering places of Europe. The con
dition of the public sentiment on this sub
iect is Illustrated by conversation hat
while abroad this summer with lady
widely known for her charities and for The