The times. [volume] (Richmond, Va.) 1890-1903, 1899-03-28

lNHi.. o. OIL. o.. 90 ...-t.-.tt.-.tt. l'.'i
1>5.. o.. o.. o.. o. O.. ..-..--.+.+-..-. l.'l''-
1905. o.. o. o.. o. ...-........' -l-''.,'''
1907 .............. pa 5N,s)
GAINS OF THE PAST YEAR.
Although at the time of writing Mf
Roberts dM not have at hand the CONS
pre-ed statistics for iss onou2h was
known OF the yiold in the principal heles
90 make d. certain that the increase lN
1Sqs was greater than i1 any previous
year. .-.- 49,
is "a cain I'm South Africa of more than
2,0,l0m iu Australia of about $4,000
00 fn the United states of not less imam
g. 10000 and iu the rest of North America
of prob4blv sl0.00090 These gains indi-
cato that the worlds product TOT l','
VIII prove To De not FAR below i."."''..''
"Ard what fOr 1902 We can make
eor,etbinr Of a forecast as % that lt
the Rand and Australia simply maihldi
throughout the year the rate oi pfoau'-
.ior which each reached IN the latter part
or 1sqs they will together make "a td'"
over 1,qs NJ $50 0no01. while d. WE a +'"
a progressive yield. such ass tney nav
been making for the past Two years, t'''
include 9n estimate for No'lA A"l.'
fror, Mexico TO the Kiondike a greater
]
1898. ,.-.,uo,.i,bs1
,,inirg engineer. formerly ciiei or cue
T,rIt4d States Geological survey eeu-
mated urou careful examination w.
,-,ar- AGO the area in the RAND "l1""
t,vorfv miles of Johaune-4lrg now lio-
dupfrg gold. can scarcely ia" ~ '
e. -00D0000 if mining oneftu pH7 "'1 .
rffd on at a depth OF J.tt' l-rN NN'-'t
Australian field. which Tor ten years mas
Shown a continuously pro- res7Ne l'
,r.asa fn 1sos reached product "i f-'.-
0,m. ID is ara arid region pfest nuns
mans, difficulties 90 the miner, put ll7
.,,..t investments now being mace l.
-.i,.-li,,os indicate that 30 IS resluu OBJ
.,reat p9ssibi titles colorado. yam
.hin-fou. British Columbia. me Mon
dixie and Alaska may aI pe eAp'.'1' ~
show "a prOeI. 5siNe ylcii I'l
como An these districts. except tn'
Klondike and parts of Ala ]h aio 4, ~
districts. reQuriug capital tot .,''"
working and promising i'"7.' '-'
placer deposits ..,..
..Tho probabilities seem to he thar me
oufnut win not decline while me present
generation Of men is Interested lA III
WHAT becomes or NEW GOLD?
llr Roberts traces the new sv.a o'
tine period of lsq2-ls9l into use a5 loll'"s'
European banks and treas ......
uri.s ...... ..-.-.-. .--...-. --t-- f''-
United States ........ .-.---.+.-.- I'D t'' ,.''
British East Indies. China ANA -
Japan ...........-..-. .tt.----.-- 1ri--'
Ranks Of Australasia. South Af-
rica and Canada ................ - -.- ".
industrial consumption ......... z's.l'i $40
Total ........... ............ ss5l. 4i9 sos
The diversion Of gold 90 the reorfln-
izati0n OF monetary systems 900 dlheirNl
countries has hitherto impaired Che nttH-
,..I influence iu tie business world or the
Increased production. since the gold that
h4. been used 20 retire or cover paper
has NOT enlarged the monetary STOCK
Tti- has breu the case in Russia and
Austro-IIuueary: but the artlneial drain
~ tlaea countries D. now al an euu-
National currenries being now esla l7h-
cd ON a gold basis. we may etu"y tit
influence of the increasns soiH on. pun
tr the worlds markets what VIII De
a. -, Mr. Roberts asks. upon pro-
,,srtv values. wages. Industrial progress
90 eo.i.l life2 what Will the adFo-
-. 80 tho free coinage OF silver 90 IN
teen o-rop they find themselves com
fr,rtoa bv gold output ior thal year
- e.-o o01 600 or 500 0OOO2 The sold our
mt If the world Ia 1873 was so 3ovo'
ana that of silver, reckoning 10 at t"e
ratio OF l6 TO ]. S,lW"D' lo1c'i'r'
R7S 900 O00. In 1896 The combined o"lpu'
of gold and silver less the amount com
sumod I'm the industries and arts RECKON
Ing silver AT its full coming Ntiu' uhIei
the ratio OF Is 10 I. was NlS9'roio. 90
when Mr. Bryan comes into the he.o in
1900 he viii find the additional Supply %.
money for which he contended 10 lsso
furnished i'm gold WIN be go on aiiifn-
ing that the supply Of money has been
cut IN two and that there has been no
business revival since 1896. or VIII h9
embrace the fortunate opportunity grace
fully % drop the subject. on the plea
that the end he desired g. accomplished
and that the coincident revival OF pro-
pertv has vindicated his theories?
III he and his party go on with their
demand for the free coinage OF silver
they must do so without their old argu-
ments The supply OF money never has
been cut I'm two or reduced az al. The
worlds stock Of silver money has annu-
ally Increased since 1873. and more rapidly
than anybody In prior years could have
anticipated. But the new output Of gold
has overwhelmed and ended all cOnten-
ton on that point II they are going
into new campaign for the free coin
age Of silver. n must be made not I'm
opposition 10 an approaching standard,
but in frank advocacy OF a depreciatinp