Middlebury register. (Middlebury, Vt.) 1886-1937, 1895-08-16
rConLinnod ftom GM pnne.l

BILE where civilization demands it. and
make that the center, silver to revolvc
around IT, and copper around that. but
the yellow metal should always be the
center as is the yellow orb of the uni
verse.
'No people can violate the laws of the
universe and go unhurt.
"A single Standard the best metal in
the world should be used rs the center
of the monetary system. If am right,
time will demonstrate it"
This is precisely the ground, "a we
understand it. occupied by Mr.. Cleve-
land and where he is attempting. with
all the means in his power, to place the
Democratic party.
Concerning the supply of gold In the
world, Mr. Horr spoke more ably and
hopefully of its abundance than we
have seen suggested elsewhere, rs fol-
lows:
Now Iproposc to show the country that
this talk of Brother llarvey's about there
not being any gold in the country. that Is,
enough to do the business of the coun-
try with, is myth, but before | do it
will say that the silver will rush in from
the Old World the moment you pass
your law. | don't care anything about
that. but what do say about it is this,
Mr.. Harvey, you will drive all the gold
cut of this country and leave US with no.
thing but silver with which to do our bus
iness. Gold will be taken out the
moment you make dollar and put it in
81. :, I,n l,p oil
and it will be taken out by people who
live right here in this country, who will
send it out. You know the history of it.
1t is the people that live in country
where one metal is worth more uncOined
than coined. tlat send the money out.
OF course when we yet some more silver
we wouldn't need so much more, tut
that's not it-you compel us to do bust
ness on basis different than that done
by the rest of the people.
Now Is there gold enough in the
world TO do business with: Violent
spasms of apprehension are constantly
affecting our silver friends lest the gold
should give out and the world cease to
turn on its axis for the want of the
wherewthal to purchase lubricating
materials for its wheels. They would
not suffer 50 much if they would take
occasional doses of the Information on
the subject with which our newspapers,
magazines. reviews and scientific Jour-
mails are running over full. Their low
spirits are largely the result of refusing
to examine and think. And now this is
all wrong.
The rest of the world is feeling very
comfortable over the subject Why
shouldn't we: The output of GOLD is
increasing fast enough in this country
aud .,ls harn IN loon with all
reasonable demand for safe and legitl-
mate business.
In the United States since 1887 we
have produced the comfortable sum of
$33. 900 900. and in 1894 we outdid that,
reaching about Sl3. 900, 900, and there are
no signs of diminution in the supply.
Mr.. Ilarvey-Why don't you take the
supply of the world:
SILVER IN AUSTRALIA.
Mr.. Iorr-I will in moment. You
will get all you want of it. Now, that
should not give Brother Harvey the
chills. In Australia they produced S32,-
900. 900 i'm 1892 and S35.000000 in 1893,
and it now seems only question OF eff
fort as to how much they can do. for
they have discovered new fields extend
ing along the west coast Il distance of
1000 miles and inland in places as far as
$50 miles. and of uneXampled richness.
In South Africa new discoveries added
10 the older mines have again increased
the output to large extent In Russia
beginning in 1856 with 30.S00 Kilograms,
they have increased their production
every year until 1898, when they put
out 39.S00 Kilograms, with greater OPP
portunitics for further progress as far
in the future as the scientific eye can
reach. In India, where they let up on
silver coinage, you know, while ago,
they have Just made the gold mining
hum. They took out 10000 fine ounces
in 1856 $1,000 in 1887, - 600 in 1888.
$4,000 in 1889, $4,000 in 1890. 10000 in
1891, 100. 900 in 1892 aud Isl, 900 in 1893.
Then come the three Guanus, starting
at $500 Kilograms in 1887. they kept
right along increasing until they reach
ed to $500 in 1893. Now take these six gold
producing regionS-the United States,
Australia. Russia, SOuthAfrca. India and
the Guanas-for period OF eight years
except 1894. for which we have no full
reports. and we find that gold was taken
out IN round millions as follows, com
puted i'm dollars:
1856 -. IS S3.000O00 1-ae........s 1907 200, 600
lSS7......" S3,0Oo0l0 l>9l..... ll0Oo0'O0O
lSSS ....... Ss,O0u000 ls9l.... la3 ,000
lss9 ....... lOl,O00,000 ls93........ $4,000, U0O
For eight years up to year ago last
January the worlds production of gold
for those six regions was the enormous
sum of $50, 0l 60, and last year and
all the rest of the world those years are
not taken into account Experts calcu
late tina, in one single strip of territory
they have located upward of 81 100000,
600 in gold. According to Mulhall the
worlds available stock of gold in 1850 was
50 ,j35 100000 and of silver S4,SS0,O00,-
OOO or of both 5.0G0.000 In 1896
the figures were SG.l75. 200, 900 of gold
and G,0G5. 600. 600 of silver, or Sl2,2l0,
100000 The increased rate of the pro
duction of gold indicates that by 1906
we shall have more gold than in 1850 we
had of both metals in addition to thu
SG20.0O0. 900 of limited subsidiary coins
which are legal tender in small sums
and 50, 400, 100000 of legal tender silver
that is still current in the world, but il
will then be used only for what 1t is
N,tortb Notx ,,,han IIurvaV cpts M