Arizona republican., 1898-06-14
THE WORLDS GOLD.

There is not enough gold in the world," many an advocate of bimetal- lism has said, ''to supply the quantity of money metal which man requires. - That is a proposition which has usual ly produced some effect even on the minds of the monometallists. But in recent years it has been losing it's con- quality. The rapid increase in the annual yield, first in order of time from the South American mines, and second from the deep-level quartz in some American states, has been re- marked by the most casual student of the money question. Tn this country the Colorado product has perhaps served better to counteract the restrict ed view of the subject, that which inn piled a demand for the rehabilitation of silver as standard money, than all the arguments on theory offered in SUD- port of gold, The effect of the new mines was further extended by the re- ports from the Klondyke. The winters realizations in that region are yet to be made known, yet they will hardly give the opponents of gold on the quantita- tive principle great encouragement. But the doubt or negation is not caused by the Colorado or Arizona or other American mines.
 It may be safely founded and built up on the, reports of the Transvaal yield. So immensely has the amount of gold taken from the Rand mines grown of late, that one must rise from the study of the figures with some idea world over the discoveries in Califor- nia and Australia so another must show itself or a new wave of the effect caused by the former one, must sweep over the world. Up till the close of the year 1897, the total amount of the metal obtained from this new source was, reckoned in value, $280 ,000, ,00G The period covered is almost exactly ten years, but the larger portion of the supply has been secured in the last three or four years. The present twelvemonth has opened with produc- tion at rate which beats the record. The value of the gold which, on this basis of yield, will have been taken from the mines by the close of 1898 will reach not less than $75, 1000, ,00O, or a considerably larger figure than was ever assigned to the California field in any year. Heretofore the early days of the Pacific coast mines have been unsurpassed in the record of produc- tion. The Rand now takes the lead for all the history of modern gold min ing.
 The actual amount of the gain prom ised over 1897 is about $25, 900. .000. Such a vast and unexpected addition to the worlds supply can only be exceeded if the Klondyke realizes the brightest dreams of those whose hopes have been reposed in that new placer district. And the end of the new mines is still afar, because the diggings on the deep level have only just begun. Unless some outward incident occurs, the Transvaal supply ought to reach $1O0, GOO, 900 in 1899, an amount almost eQualling the California and Australia production combined for any year. It will probably have. a rival only in the case of the United States, which, even without the Alaska discoveries, has within the last three years jumped to
 the headship of all producing mines which can be classed together. It has
 left Australia behind, and has kept
 slightly ahead of South Africa right
 straight along, and even of the Rand
 and the other African fields together
 But if it is to maintain it's position il
 1898 the gain must be large. To lead
 the Rand alone the production should
 reach nearly sS0,O0O, ,OOO, or probably
 s2O, 100000 more than was ever taker
 from American mines before in any
 one year.
 If the American yield is not largei
 than in 1897 and if the K1ondyke does
 whole worlds production for 1898
 should reach a valuation of about
 $2S0, 100000 But given such an in
 crease from the United States as has
 been predicted in some quarters to- gether with, say, as much as $20,000 000 from Alaska, and the total supply turned out should be worth over $325,
 100000. The gain which may really
 be looked for from this continent is not
 as great as that specified, however, but
 is enough to raise the total to about