Mohave County miner., 1895-03-02
MONETARY CONFERENCE.
Continued from First Page.

entirely TO the doings OF Legislators; thu I
when the fall began The production oi
silver was, In fact, not .ufiic,ent 10 meet
ths demand; and that the American sii,
YER laws lead TO a"skiuning" Of the sil
YER mines. which Was the main cause oI
the increase IN production. Let no, RAJ
conditions return and We may expect h
stabie production Of silver, corresponding y
To the vast demand. though hardly SUI
fcient to satisfy 1t.
Tne production OF gold has greatly in.
c,e,sed In the last few years. yet not in
way 'o,quai the demand 50 long se
gold alone is full money. ShouId The
g,id states at last be- driven TO 20 on anu
lay a.ide their many billions oi SHE,
money, losing more and more Of i,s eold
viine, il wonld be absolutely impo, siolr
to NIL the gap 50 caused ia their circulA
tior.
But the production OF gold canno'
maiuiain itself at it's present height I'll.
more strongly and iniensively the TX
traction Of gold Is pushed. 30 mnct NOR,
rapidly and completely will the mines b.
exhausted. Tue allegations Vi Professor
Ed. Suess in references to the prospective
exhaustion of gold mines have not been
proved incorrect, but have been con
tra ell; and Suess, when before the
C nniission, only strengl hened us IN his
,ieA~ when he declared ths, the present
cop ons production Of gold is bringing th-
world essentially nearer to the moment
assumed by him when the production o.
gold viii ne enlIrety ut an end.
IL the TransvaaI. according 10 micro
scope investig ,tions. It 10 only question
OF fo,sil soaps" (Alluvial or diluvisi
god) the wealth Of gold there, there
fore. does not refnte hat confirms Snes-'
d. ctrne that important tres sures in gold
are to he iound only in newly opened
Countries, where they quickly give ont
People still refer to The possibility OF
further ''surpri.es" in respect TO goli
production. This pos,ibili is all the
time growing less and less with man.
res lessly advancing examination Of the
earih's surface.
the gold production Of today. made
qua'e az it IL. IL rapidly using up the
world's last great gold reserves. To
build The worlds coiuage system upon 4
production whici can AZ best last only
some d+ctde. l- ~ Impossible as coin
age sy,tem based upon the chance Of
''su,pii-,s"
A provident sfa esm 4nship cannot dis.
credit silver and lrt u lose its value,
when all human fmesipht il to IN. feet
that the metal will be absolutely indis-
pensa ble in the fninTr.
The present moment. witnessing an in
crease in gold production which may "
the last, ia precisely the time to carry
through an international system Of hi
metallism, as this can nov he done
without any fear that gold will leave the
circulation or attain an agio. Those who
p,ophesy pold sgi6 in case Of binetal-
l,sm overlook the fact that they thereby
ascribe to gold scarcity and dearnesa
too great to allow OF gold possibly con.
tinuipg the sole standard.
II, now, the united German govern.
menis recognize the ne'pssity of pro
cedure to stop the depreciation Of silver,
it comports with The high position oI
Germany as nation that Il should M.
sumo The initiative toward international
negotiations, exeriiny its il fl fence in 'h.
council Of the nations in favor VI silver
whose depreciation had i's beginning i
the German coinage law OF 1871 Snci
is the condition o. affairs that German,
will IN permitted to reckon upon IN.
cooperation Of all powerful states, in
cIuding England.
DR ARENDT.
Vov kAKDoRFF.W .WABNITz.
IEUsCHNER.