Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1897-08-18


which have recently occurred. An ex.
animation of the mapof North Amer.
lea will show at 81 nee that the great
gold field Of Alaska " hich Is now being
developed is . part OF the .same GEM
eral line Of mountnins " whjch supplied
llll!ss1S >os W.
fornias Indeed Of the same generAllfh
which produced the gold OF Peru, oil
Central America, OF the United States,
and nov Of Alaska. Take your ma /,
OF the world and follow this mountain
range, and you will 6nd that it seems
to cross from the North American con-
tinent to Asia at Behring Straits, and
that the extension of this general
range across into Asia covers the very
country into which the Russian gov.
ernment is now pressing gold develop
ments and toe general search for gold.
The dispatch referred to above states
that Russian expedition has discov-
cred twelve gold regions In the vicinity
OF the sea Of Ochotsk, and It believes
that the western peninsula OF the Pen /.
insula OF Kamchatku will develop gold
fields which will, as the dispatch puts
1t, when opened, be second Cali.
fornia.v
Whether the prediction of the Rus.
SLAMS that they are to develop gold
fields in Kamchatka which will rival
the early history of cur California gold
fields is to be realized or not" said
Marcus Baker, Of the Geological Sur
vey, talking of this subject, Certainly
there can be no doubt that the gold Of
the world has enormously increased
and is now increasing wonderfully.
There are two distinct gold fields today
which are producing gold in very great
quantities-South Africa aud North
America. The Alaska fields are, of
course, a part of the same general line
of mountains which developed such
wonderful gold deposits in our own ter.
ritory less than half century ago,
and whether. the mountains of Kan.
cha'ka and Siberia are parEof the
general system or not, it twos Scts,he
surprising Il these reports srived at \
deposits there should also be q shA-Is !,
The fact is there is a greater incentive
to the production of gold today than
ever before. There are two or three
reasons for this: first, that silver ia so
cheap that there is less incentive for its
production and the people who lad
formerly given their attention to the
mining of silver are now looking for
new gold fields; second, the gold min.
ing and gold production becomes
easier every year as new methods d..
velop and new discoveries are made.
Take the great gold fields of California,
which were supposed to be worked 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 tho rejected material which was
thrown away by the men who covered
that great gold field, and produce from
1t by this cyanide process great quan.
titles 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, Austria.
liza, North America, and prospective
Siberia, and it is not surprising that
the gold productions of the world are
more than keeping pace with the
growth Of business. As everybody
knows. the gold productions of the
world have steadily increased during
the past few years, those OF last year
having been greater than any in the
known history Of the world, while all
indications now point to still greater
increased production for 1897
Mr.. Bakers remark that the gold
production Of the world has increased
with such rapid strides suggests some
inquiry upon this subject. That in.
quiry shows that the gold,of the world
todayis nearly or quite thrse times as
much as 80 years ago. Mulhall. who
has been widely quoted In the papers
Of the United States in the past few
weeks; indicates In his latest dictionary
4 statistics, that the amount Of gold in
~ ~ Z % pSsined and uncoined, fifty
nounted to less than two
lillion dollars. Taking his
1890 and adding the pro.
noe that time 1t would appear
>gold Of the world today, coin
ioined, Is over seven billions
ning nearly or quite three
~ was fifty years ago.
o increase in the
p, there would be
lch gold for each
as half century
ut 10 . sSsltion Of the world
lcreased about fifty per cent. in