The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1895-12-19
GROWING BRIGHTER.
BimettaiIIsm VIII Surely Win in the Lon

Btmettauism VIII cureAy win In the Long
Run.
The whole tendency in the discovery
and increased output of the precious
metals is in the direction of gold. At
the time silver was so generally de-
mouetized its production seemed to be
almost illimitable, while the gold mines
were showing signs of contraction.
Great deposits were known to exist.
which defied the science and skill of
mining enterprise. But now all has
changed There is no silver bonanza.
but gold mines have come to the front
by the side of which relays of bonanzas
would seem cheap and poor. The
money kings are being beaten at their
own game by their own metal.
The director of the United States
mint, Mr. Preston, has a good deal to
say in his annual report about 'the
food of gold" Such flood might
sweep away barriers interposed for
the benefit of money loaners, but there
is no danger that there will be too
much of either money metal. The dis
covery of America was an incalcula-
BILE blessing to Europe, almost from
the first, because it increased SO enor-
mously the stock of money in the old
world. Even Director Preston, who
could never see the disastrous effect of
lessenng the stock of money by
throwing out silver, says, in connec-
ton with this new ''food," that when
there is an abundance OF money in cir
culation prosperity prevails" Precise
ly So He does not say, bo it observed.
an abundance of one particular neaAl.
but of money, The worlds u.na.. is
about half silver and hat ,-uid G5e
attempt, now partly acuoa isheJ, "a
throw out one-half the lluref of tie
world could not fGik Mr. Preston Linz.
self being judge, to cause hard times.
The most bigoted goldite can see the
logic of contraction and expansion, ex-
cept when his pet theory of finance is
at stake.
According to Mr.. Preston, the out
put of gold for the year 1894 was about
S1S0,O00 600. Of this the United States
produced about $39, 500, 600, the British
empire, or Outer Britain, as the pro-
vinces and colonies might be called,
$50, 36S,0 almost half of the entire
output. If the reports from South
Africa are true, approximately, the
British output viii soon exceed that of
all the rest of the world. Does any
body suppose for a moment that if the
British empire had run to silver, in
stead of to gold, Great Britain would
have thrusted it out and deprecated
itP Not bit of it. John Bull was
not built that way. If he had been he
would have remained poor little
islander, instead of becoming the lord
of continents and seas. 1t was left for
the United States to make that humil-
iating exhibition of monumental i'm
Decility.
Fortunately the United States is
rich in both money metals. The out
put of gold this year is sure to be much
larger than the output of last wear,
and by the close of the century it is
likely to be not far from us great as
that of the British empire is to-day,
In proportion as the prospect of a
corner in gold becomes remote the
prospect of a return to bimetallism
brightens. Events are shaping them
selves in the direction of return to
the full and fair use of both money
metals. Chicago Inter Ocean.