The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-10
ROBERTS GETS
A HAND At LEAD
National Mining Congress Delegates
Applaud the Directors Predic- .
ton Regarding Silver.
Better Times Coming for the White
Metal-Production of Gold
to Increase.

near Lead and to visit. Bald mountain,
Ruby basin and spearfish canyon
Three more sessions will be- held in
Lead on Friday and then the congress
will go back to Deadwood, where it ex-
poets TO finish its work on Saturday aft
ernoon
The attendance yesterday was enhanced
by the arrival of nearly 100 delegates
from Oregon, who had been delayed by
a Ia ilroad accident They will invite the
congress to Portland next year.
The principal speakers yesterday were
George E. Roberts, director Of the mint;
John L. Webster. Omaha, and E. w.
Parker Of the United States geological
survey. Washington, D. c.
Mr.. Roberts, referring to the recent in
crease in the value Of silver, said he be-
lieyed silver had seen its worst days and
that 1t would before long reach and MAIN
tain staple standard Of value This
statement was received with applause.
This reference by the director to silver
led a Dea dwood delegate to submit a
resolution against "any further legisla-
ton by congress tending to restrict the
further coinage of silver real money
or to depress its value on the market
The resolution, the reading Of which
elected some applause from the delegates,
was referred to the committee on resolu
lions. Director Roberts said in part:
l. 1.-THE Golden Stream"
The output Of gold, which. received temporary
check" by the war III the Transvaal, will amount
this year to a new record. and next year in all
probability to another new one for the Transvaa1
Will not fully cover its position until then, and
| all of the important gold producing regions of
the world are promising enlarged yields. The ore
deposits in sight, the advance made in metallur-
gy and the abundance Of capital seeking invest
ment in the industry, combine to give assurance
| that the yield will not decline for long time
to come. Down to twenty years ago the worlds
supply OF gold came mainly from placers Pro-
fesSor Suess, the Austrian geOlogist, based his
famous argument for bimetallism in 1874 upon
the, theory that placers and always would
be the chief source of supply, and that the
world had been nearly all explored the annual
yield of gold In the future must be diminish
ing one. The metallurgical discoveries of the
last twenty years, the new processes Of reduc.
| ton, are to be credited with the golden
stream. ~
The people who are counting on stagnation and
liquidation to follow the present Of prosperity
may not be giving due Importance to this annual
addition TO the monetary stock of the world.
period Of enterprise and free investment exhausts
the fund Of liquid capital and halt Is ordinarily
necessary till the fund Is replenished by savings.
The process may be identified by ruse of inter-
est rates and fall In the value of Investments
that yield fixed rate, and Its influence OF
course is to put stop to the latter. Every
addition to the bank reserves at such a time
has direct bearing on the situation and a flow
Of $3.50. 900, 900 of gold every year into the
! nnanclal centerS OF the world Will De factor
not to be overlooked. Its accumulation in the
| banks will naturally force interest rates down,
which iii turn forces the value Of fixed invest
ments up, and the result is stimulus to enter
prise, until the new supplies are absorbed, when
i the process is repeated. ~r.
j Other addresses at the afternoon session
Il were delivered by G.. W., Merrill of Lead
I on THE Metallurgy Of Homestake Ores
and by DR.. C. C. O'Hara Of Rapid City
S. D., on Geology and Mineralogy Of the
Black Hills" &C.,.
Webster's Tribute to the West.
John L. Webster of Omaha spoke Of
GOLD and Civilization" saying in part:
There is more in the civilization of the west
than the mere search for gain or the conquest OF
wealth. There in it ideals of life as char
acteristic Of the people as is their progressive
spirit. &c. ~ -.,.'
No class of people recognize better. than we
do, and is more sensbly touched by the thought
that we are all parts of one common country
and that whatever shall add to the prosperity
to our high sense Of duty and strengthens ii
us the loyal bonds Of patriotism and unity. We
are lovers Of education. broad in purpose, en-
nobling in character, sweetening and broadening
| the lives and work of men, which is the dis
tinguishing feature of American national life.
wish could have our eastern friends under
stand how bOundless are the opportunities, how
measureless are the resources in that area o
country between the Missouri river and the Pa
cifc, and how enterprsing and progressive tn
people that built up the empire of the west sine
the discovery of gold in California.
I Decades In the life of nation are as nothing
This republic, grand and glorious as she is ha
, just started on her career.
s Coal Makes the Power. a..
! e. N.eParker, one of the speakers befor
the congress, said:
: r" How many of You are aware that in 1901 th
United States produced practically 40 per Ger
of the entire worlds supply of pig iron and 4
per cent Of the entire output G
steel? In 1902 this country adde
nearly two million tons to the pi
! iron product Of 1901 and reached total {
nearly 1S,O00,OO long tons. How many {
you are aware that in 1902 produced almo.
double the amount of pig iron made in this cou,
/ try In 1892, ten years before, and about 70,
/ times that made in 1882? How many of Won Al
aware that in the first half of 1903 furnaces !,
! the United States turned out pig iron equal
amount to that produced in all the other cou,
tries of the world In similar period for 1901
This great development Is due in large part
coal. ':s >le.
y Now what are we doing in the development
Tits power? We look at the statistics and we s.
thatseu coal mines produced in 1902 a total
-, 10000 900 short tons of coal. Those of
:, 4 who member as far back us 1871 thought v
4 were doing some business at that time. We Or
Iaueed In that year little over 49, 900 900 to-
of coal. In 1881 we mined $1,000 900 TONS lie
: than half that of our industrial rival Gre
Britain; in 1901 our product had increased
| nearly 1700O0000 tons, almost double that
1851, while in 1901 we came within per cent
reaching 300, 900, 600 tons. outstripping Gre
= Britain by nearly 30. 100000 TONS and exceedi,
, twenty-five million tons. The United States
:. now contributing more than one-thrd the enti
worlds supply Of coal. 81
6 Il" Exhibit at st. Louis. ~ 25a
S 1T is but just that on industry upon viii
50 many other Industries might say the col
q mercial life of the nation itself Depend shoI
! have proper representation at the st. Louis exr
= stion 4 SIS 800
!, A large space has been reserved In the min
S Land metallurgy building for the display Of t
1e4libits representing the coal mining industr
This will be divided ong the states accordi
to- the extent Of their exhibits. and as near
!. as possible according to geographical location.
u Some of the interesting features of this &C
display will consist of large relief ma ps Of t
= principal coal fields of the country. These ma
:, will show practically, in miniature the count
u represented. They will show the hills and
Il valleys, the plains and watercourses, the roa
r. 4 and railroads. the towns and mining camps a
:. thc location of each mine in the region rep
5 sented. They will also show the surface a
u structural geology and the entire area underls
g.. by workable coal seams and where possible
j. portions of the region available for farmi
= purposes and the sections covered by for
growths of economic Importance
" Another interesting feature will be maps
4. two three typical mining towns or camps ILL
/ different states.
Then on still larger SCALE will be sho
models Of working mines and illustrating,
far as possible, typical conditions.
n The method of utilizing bitluminous coal
N the manufacture of coke viii be shown by mod
of coking plants
Piso's Cure for Consumption has cured coul