Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-10-17
would take 'about- s.oee, 900 to -equtp-s mine

would take about s., Gee. 600 TO -eoutr-a mine
working at depth o. 5000 feet He ex-
poets the product Of the African mines to
| exceed $G0,00O,0O0 Iyear by the close of
the century, and he believes that they will
| be profitable for years to come. Today
| all of the African nihBss must be econom-
| ically managed in order for them to pay
dividends A great epart of the gold has
machinery and labor aid up to the present
only about one-ifth df the gold gotten out
| has been clear profit. ai,There are now en-
pleyed In this; Artisan gold district 5000
| white men and 5000 blacks. Wages are
low and everything rs ldone on the largest
and most economical scale.
Mining liz australia.
number of new cyanide mills are being
| put up in Australiaw am told that new
mines are being discovered in different
parts Of that country, and a recent REPORT
| to our director of the mint states that the
Australian gold fields have hardly been
scratched. Some of the best mines of to-
day are in West Australia, in a district
| where there is little water. In the Cool
gardle gold region, for instance, water
sometimes brings as high as % cents "a gal
ION, as there are no great quantities of
water within three hundred miles Of the
gold fields. There is a great gold reef in
| this district. 1t was discovered by two
young men, who found a forty-ive-ounce
| ho5SSl stlchLh6 out OF mountain of
quartz. They took bag of nuggets off of
a single claim and came back to their camp
! ioaded with gold The Mercur mining dis
trict, south of Salt Lake. is also affected
! Dy the lack or water, but this has been
| remedied by forcing water over the noun
| talns from a stream on the other side.
The parties who own the water works have
a fortune IN mem. Water, In fact, costs
SO much In Mercur that the mills using it
40 not allow the steam to escape but run
II on into pipes up the mountain. AS the
steam strikes the cold pipe it condenses
and flows back SO that it can he used
| again. -,-.
How the Hintloos Are boarding Gold.
| An enormous amount of the gold of the
world Is locked up in India During
visit to that country a few wears ago T
| found that gold had gone out of circula
ton. The people seemed mlserably moor.
but they had quantities of jewelry. Girls
| dressed in cotton often wore gold and sill
yer bracelets and anklets, and many
pare %" a. girl had gold rings and gold
dams have been oppressed. They have
not dared to loan their money for fear
| they would lose it, and they have preferred
10 put 1t INTO ornaments. This custom
| prevails today, even though there is now
! under the English security of property
Among the chief hoarders are the Indian
ra1aha who wear the most expensive of
| 1ewelry. l saw many gold rings set with
precious stones worth thousand dollars
and upward, and 1 found gold chains for
sale everywhere. Sir David Barbour es-
III ins,a the amount of the gold boarded
to 1855 at sG5o,0oO,00O. This was the ac-
emulation of only fifty years. He esti
mated that $soo,oo0.000 worth of silver was
hoaraed IN this time and states that near
~ all Of the gold and silver which came
INTO India In return for its exports was
thus kept. The Hindoo buys but little
from other countries, He lives on rice or
forms his clothing All the money he gets
| he Keeps. and if this boarding is to con-
| tlnue it is certain that a great part of the
goid Wiii eventually be absorbed by the
East Indians. The English have realized
| this for long time. They have attempted
10 remedy 1t, but in vain. About ten years
ago they tried to get the boarded gold and
| silver into circulation by Offering high
rates of interest for money but the naiives
would not respond. There are about 3fO-
600 native bankers in eIndia, who lend to
the peasants. but the most of their bust
| ness is done in KIM, the money lender aG
| vancing SO much grain with the under
standing that he shall receive so much
back when the crop is harvested
The Treasures Of the Raiahs.
Inc wealth of the native princes of India
Is known only to themselves A recent
report from an English officer in the In
dian post Office Shows that one native
prince has been storing away gold at the
! rate OF from two hundred to three hundred
| thousand dollars a. yeir. He buys gold
| mohurs. a coin worth about s., with his
silver rupees, and puts the gold in strong
vault in his palace. Once there it stays
and Is lost to circulation Not long ago
Two Two native princes died IN India. each leav-
ing, 1t is supposed, about $40 900 900 worth
| of gold.f One of these princes Who had al
! his twenty millions stored up In his vaults.
borrowed from the government of India
| something like s2oooGoo to carry on his
~ La
| terest to going back on his pile and when
| he was asked If he could pay his loan on
demand he replied yes, and that they might
call for 1t at any time
Another gold hoard was discovered rot
long ago upon the death of the Maharaiah
of Burdwan. This was opened up on the
death of the maharajah. 1t consisted of
seven rooms filled with gold and silver
and precious stones Three of the rooms
were locked and the doors brcked up. One
room, AZ feet long, IA feet wide and Ii feet
high. was filed with gold plates and cups,
gold and silver ornaments and precious
stones: In nearly all of the rooms vaults
were found containing money. and in one
vault there were ten thousand gold mo-
nuIs. All OF the vaults were so protected
| that 1t was not possible for the govern
ment to find out exactly how much they
neid, ana even the exact number of the
vaults Is not known This treasure Is now
In the hands of the ma larajah's descend-
ants.
The Gold of China.
| There is undoubtedly a vast amount of
| gold In China. There are mines in different
parts of the empire, and great deal Of
gold IS brought down every year from ST.
IBERIA. 1t comes to Picking and is there
melted down into small bars Of about the
| size of the little cakes known as lady fin
gers 1t is almost pure often running over
twenty karats in fineness. 1t is cast in this
small shape in order that it may be hoard
Cd and easily passed from hand to hand.
Inc officials, who in many cases make for
tunes out of their offices, buy these gold
bars and secret them. They do not dare to
put their money into the banks for fear
| that their brother officials may discover
their wealth and confiscate it. The result Is
that such gold bars will bring two per cent
more III Picking than they will in Shanghai.
There are said to be more than 100 places in
China where gold is found. In Mongolia
there are number Of mines, and in the
southwestern part of the empire there are
gold workings which are 100 feet deep The
Chlnese cannot understand the fall of silver
:! was often asked to it during my stay
| IN the country two years ago-the Chinese
nany times putting to me this ques-
tlon IN their queer pigeon English:
What for makee gold so dear?" They did
not speak of the fall of silver but of the
rise of gold. At that time silver was Just
about as low as IT is now 7 carried INV