The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1897-08-11

create good deal OF interest here, especi.
ally among those who are following close
ly the enormous gold developments OF tho
world which have recently occurred. An
examination Of the map Of North America
will show at glance that the great gold
field OF Alaska which is now being deVel.
oped is part OF the same general line OF
mountains which supplied the enormous
gold production OF California, indeed o.
the same general line which produced the
gold OF Peru, OF Central America, OF the
United States, and now of Alaska. Take
your map OF the world and follow this
mountain range, and you will find that il
seems to cross from the North American
continent to Asia at the Behring Straits,
and that the extension Of this general
range acro8s into Asia covers the very
country into which the Russian govern
ment is now pressing gold developments
and tue general search for gold. The
dispatch referred to above states that
Russian expedition has discovered twelve
gold regions in the vicinity OF the sea CT
Okhotsk, and it believes that the western
part of the Peninsula OF Kamchaika
will develop gold fields which will, as the
dispatch puts it, when opened, "be Sc
cond California
"Whether the prediction of the Russians
that they are TO develop gold fields in
Kamchatks which will rival the early hist
| DRY OF OF our California gold fields is TO be
realized or not, said Mr. Marcus Baker,
OF the Geological Survey, talking OF this
subject, certainly there can be no doubt
that the gold of the world has enormously
increased aud is now increasing wonder.
fully. There are two distinct gold fields
to-day which are producing gold in very
great quantities South Africa and North
America. The Alaska fields are, Of course,
part OF the same general line of moun-
tains which developed such wonderful
gold deposits in our own territory less
than half a century ago, and whether the
mountains of Kamchatka and Siberia are
a part OF the same general system or not,
it would not be surprising il these reports
OF large gold deposits there should also
be confirmed. The fact is there is great
er incentive to the production OF gold to-
day than ever before. There are two or
| fro ut oil T.,
so cheap that there is less incentive for its
production aud the people who had form
erly given their attention to the mining of
silver are now looking for new gold fields
second, the gold mining and gold product
ion becomes easier every year as new
methods develop and new discoveries ar e
made. Take the great gold fields OF Cali
fornia, which were supposed to be work.
ed out years ago; the cyanide process
now gives promise OF making them again
productive, and it is quite probable that
it will be profitable to work over all the
rejected material which was thrown away
by the men who covered that great gold
field, and produce from 1t by this cyanide
process great quantities OF gold. This is
not unlikely to be the case further south,
in Mexico, Central America, and Peru,
where such quantities OF gold were mined
many years ago. Add to this the gold
developments Of South Africa, Australia,
North America, and prospective Siberia,
and it is not surprising that the gold pro.
duclions OF the world are more than keep
ing paee with the growth of business. AS
everybody knows, the geld productions
OF the world have steadily increased dur
ing the past few years, those OF last year
having been greater than any In the
known history Of the world, while all in
dlcations now point to a still greater In
creased production for 1897
MIR. Bakers remark that the gold pro
duction OF the world has increased with
such rapid strides suggests some inquiry
upon this subject That inquiry shows
that the gold OF the world to-day is nearly
or quite three times as much as 90 years
ago. Mnlhall, who has been wide quoted
In the papers Of the United States in the
past few weeks, indicates in his latest
dictionary OF statistics that the amount OF
gold in the world, coined aud uncoined
nifty years ago amounted to less than two
and half billion dollars. Taking his
figures for $50 and adding the production
since that time it would appear that the
gold of the world to day. coined and nm.
coined, ia over seven billions OF dollars.
being nearly or quite three times "a mucb
az ii was tifty wears ago. Had there been
no increase 10 tho nopulatIou meantime
there would be Thus three times as much
gold for each person now as there was half
a century ago. But the population Of the
wohiu nas increased ABOUT MY per cent;
%. aaa, ,,,,,i..;'i',a, \. ,,s VI So
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