Mohave County miner., 1896-05-16
GOLD MINING REVIVAL.
The Demand Increases the Supply Of
 the Metal.
From the Salt Lake Tribune. I

try and across the sea, are fond of assert ing that in view of the great increase in the world's output of gold, the yellow metal alone will furnish volume ol money ample for all purposes, therefore there is no need of remonetizing silver Some are even afraid that too much gold will be mined. There Is big increase in the gold yield of the world. but 1t the same time there is a big increase in the demand for money-a demand that at once absorbs the increased production and 60 effectuslly that 1t seems to disap pear from sight as coon as it is taken from the mines. The present annual yield ol the gold mines seems large. bui distrib. uted among the hundreds of millions of people of the nations of the world it is s mere trife That there Is a lack of money is shown by the low price of all the com. modities. The price of property and products always tells the story as regard. the volume of money in circulation.
 A British goldbug, writing in an Eng lish j,urnsl. can't quite understand why the increase of gold, seen of late years, don't send up prices. He says: "Why, It may be asked. if gold is 90 plentiful, is there not . reversal of the conditions which have become 30 familiar of fate years, and return to higher level of prices?" He then says: Prices have risen and are rising, although so gradu- ally aod sec.iopally that the general pub. lie have not remarked the fact. Wool, cotton, iron, copper and leather are all considerably above the lowest prices which they recently touched. Even silver itself has recovered part of its value n relation to gold. though, of course, as yet long way below its old ratio, and that to which the bimetsllists would Ike to see 1t restored by legislation" Thus it will be seen that prices are going up, but as yet the people have no, discovered the tact. Observe, too, the five articles men, toned as having advanced in price. A reason for the rice m each can be giveb outside Of the money supply.
 At the time of the discovery of gold in Australia ard California there was s' once boom of prosperity throughout th- whole civilized world, becsuse silver money was then in nee and was ss good .. ,otA Nc~ ,rr.s ha xnada ,xr, iv, oold the hundreds of millions thrown away by the decentralization of silver. The gold of Californis and Australia came as an sd. dition to the volumes of money in use in the world, while that now being mined in this country, South Africa snd other re- gions goes toward slowly making up the deficiency created by killing and ,hrowins away half of he money of the people o the Christian world. To build up ths' deficiency will prove impossible-no in crease of gold production will ever bs seen that will make 1t good. The whole world is now being occupied and deyel oped, and money is required for use ir every region between the poles and the equator.
 The settled world is nov larger thar when the gold mines of California and Australia were found and the area of dis tribution of gold for money used is muct greaier. In working the placer mine' when men had made their "pilee," biz or little, they belted their gold about tbeu and made their way back to their homes Thus most of the gold of the placers . once found it's way Co the old settled part ot the world, where it was immediatel, coined and put in circulation. The mine of the day-the shallow placers-wer' soon exhausted. When the miner lef his claim he left nothing behind him bu his cabin and few old sluice boxes. H expended very ittle money on improve ments oi any kind. His gold was "salte' down." to be carried out of the country Thus 1t was that the world got at once tn cream of the yield of the plscers of Cali fornia and Australia; the gold went . once into the channels of trade and gay the working and producing millions sucl taste Of prosperity as they had not be fore enjoyed Tn many generations.
 Quartz mining is now very differen from the gathering of gold in pIacers It at once demands money. Costly ma chiaery must be erected, deep shaft sunk and long tunnels ruu. When pay
 ing ore is found reduction works must b
 put up. Permanent buildings are cor
 structed and towns spring up. The cour try is peopled and the development {