The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-28

E
iszue or greentacxs Or paper money 70
80 Bit and e5su largely a combination Of
silver end gold ~ subsidiary coin there
Is no doubt that chs use ~ silver could
bs augmented oy tire nations 81 the world
many hundreds ~ millions ~ dollars
THE new dlscoverles in Alaska II they
could ~ exhausted SIS readily the
placer mines ~ California. would doubt
. less increase the volume ~ gold 70 the
extent that IL would limit and curtail It's
Purchasing power. The question is not
whether II Is gold OF silver that Is In use
80 tho standard o. value bot il i rather
a question Of voiams taat bears on tire
sta biiity and pe.Tnaneucy Of metal IS
the standard - valae. u we believe any
thing in the divine direction. we must be-
heye that there Is a purpose So making
tho precious metals So inaccessible. and
may say that ID IL q wise provision Of
Providence that places the immense SOLD
deposits ln far-away and inaccessible
Alaska and the Yukon basin. While the
production may be large and Increase
from time to time. yet Il would take lvo
years 20 exhaust the placer mines a that
section Of Alaska and the Northwest ter
ritory. Whereas. y Il were a tropic Al
country g. might be- exhausted In very
few years and surely unsettle COLDS
value and purchasing power
1T f. estimated that the world absorhs
IN the arts and ia the loss attendant upon
lie uses the fnl volume Of gold that ex-
fsts every thlrty-0ve years As long. how
ever. az its production keeps pace with
the worlds necessities, it maintains an
Huiuctuatine standard Of value. II the
production should 81 sny figne be increas-
"a beyond the capacity 81 the world 10
absorb s.. then god would fiuctuate in
value From that moment its worth rs
universal standard OF value would be de-
stfoyed
Englnad's Hope of Control.
''That England has long pursued a pol
iey whereby she hopes 20 acquire or con-
troll All the large gold-producing areas Ia
he world cannot well be doubted. tn my
opinion. I cite the case OF Venezuela.
and the active efforts Of British capital
lists. directed by the hoary heads of tin
aLce. 10 control the development OF the
gold regions II Alaska and the Northwest
territory. England plain purpose IN thus
seeking 10 control the newly discovered
gold regions l. that she may be able,
when Il should become necessary, TO re-
strict the production ~ gold without a
concert oS nations. She foresees that
when the time viii come it will be a ne
csssity 10 80 restrict the gold production.
recognizing the fact that IL is the only
precious metal that can he produced to
the extent that is required 10 meet the
wants Of the commercial nations as a
standard OF value
One great obstacle in the way of silver
lies IN the large volume that Il Is neces-
sary 70 handle ip carrying or the trans
actions IN the varied channels OF com
merce, England has found 1t advisable
20 bear silver. and the financial maguates
OF the United States have been in sym
pathy with them while the friends OF sill
yer through the mpolitic course they
have pursued have made II possible 20 de-
press silver 10 its present value.
THE introduction OF the various inn
provements into god mining such as com
pressed air power drills. dynamite stamp
mills ard Frue veuner concentrators, mas
established an entirely now condition In
the business OF gold and silver mining.
They have made II possible 10 progitaoiy
work properties that twenty years ago
would have been considered Valueless. or
course. II the fresh discoveries continue
they have IN the past two or three
years adding heavily 10 the volume Of
gold In the world there VIII he great dan
ser Of reaching q point where production
must bc restricted or the value OF gold
Will fiuefuate In view ~ this. 7 claim
. that the hone 81 ever remonetizlug silver
is past and only through the adoption of
wise methods by the owners 81 the silver
mines. who win limit The prodculon OF
their mines lu compliance with the law
Of supply and demand. Is there hope for
the appreciation of the white metal.
transportation.
I'm regard 60 the future of Alaska. the
great danger that cDnfrants that proms
Ing territory ls the lack II means OF
transportation 10 and from the region on
the Yukon which ahouuds so richly with
the precious metals. Il Is estimated by
/ the agents of the transportation com
panles that there will re from ln3 oo0 20
~ 09 people in this country and Europe
/ preparing 20 emigr&te 10 Alaska and fha
NorthWeEt territory next year You can
reslly calculate thc number % ships tslt
would Dc required 90 transport thls large
number of persons during the few months
90 tho summer when the region of che
Yukon En- acct shIbio % travel There ara
NOT to exceed more than dftecn Up twenty
vessels on the Pacific coast suitable FOR
ih's purpose. while there are uo uuem-
pIoNnd vessels on the Atlantic coast 90
-Iftk ~ rs ga ts.f.far. plata char nos
wu h more than on.-ftar-h 20 Tho largest
number estimated 1853 .rtrr thr Yukon
utNt year rUts fsCf w.A f.ut t1 prevent
.urh q rap.3 develop mrnt of thc rurufry
I and uTcf .c.Ion nf SOLD .s have indicated
mas happen and BE- ur operate 20 Hw.t
f ffe oHtrlt ~ fhc mines avs fhe nrrsr-.
. fi'n ef rc.i 4s desired ly thr F1.i stand
art cations.
-it BE- my or.rion that A.asea vIg 20
moro thoroughly prrant ana Iat.-
r.I through the gre1t irrlK 81 rrr.-a.
rf experts .r -hH business 10 t u.r-
OBJ. rrnf frw WEARS fhlr rrF se--
r -f tr- rrfef S.atrs r is r.srlrl
only ra-.t.H 10 t.m. uhrr --arH
ta fw Mr tHf ~ tre E
r..a tr'.-. .. .r. Nutrr Th s
r t.r V u.l
".N tr. I.Hr