Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-02-02
EVERY SEA A BIG GOLD MINE.
Extracting Process a Success, and
Connpanv Formed in London,

company FOFN1oO III IOnOOIs
London, Jan. 31.-Londoners are be-
ing given an opportunity Of investing
their money in an undertaking for
which it is claimed that an unlimited
supply of gold can be obtained from
sea water at cost of $50 for every
$500 extracted.
Sir William Ramsay, whose scienti-
fic reputation is of the highest, has
been retained by a syndicate, which is
called the Industrial and Engineering
Trust, Limited, and in which the share
holders include Lord Brassey, Lord
Tweedale, the Hon. Albert Gibbes and
several members of parliament, ana
Albert Sandman, former governor OF
the Bank of England.
The syndicate has q modest capital
Of $4,000 in IS shares, and the inven-
tor of the process by which 1t Is hoped
+o m.Le a corner in the worlds gold
is II. j. Smell.
Sir William Ramsay has made ex-
periments on the strength OF which ne
says in formal report:
"There is no doubt that Smell has
proved that gold can be profitably CD
tanned from sea water on large scale,
and the amount of gold obtained is SO
large that whether the cost of treat
ment is $40 per ton or even the OUTSIDE
figure of $40 per ton, which 1t couio
not exceed, 1t would not make much
difference" >,
One of the assistants of Ramsay IS
D. Littlefield, who goes further than
his chief, and In report to the snare
boIdora "a quoted as saying:
CAS- far as can see 1t only remains
for YOU to say how much gold you
want per day and 1t can be produced.
I would not advise that you put enor-
nous works in one place, because l
think it might get out of hand, and
think it may be best for you to split
the works up into units. The cost Will
not exceed 10 per cent on the GOLD ex-
tracted, including interest on capltai'
management, etc. I have few ngures
showing your forthcoming results on
the basis of practical tests we nave
made.
sa5,0oo,ooo From 400 Acres.
"supposing you are dealing with
eight acres once per twenty-four
hours or 800 days year, you would
produce $4,000 gold. If you treated
twenty acres this would produce ST.
500 0O0 Supposing you deal with 200
acres 1t would produce little over
$35,O00,000 per annum.
."These are enormous figures, are
they not? And noticed one or two
of YOU smiled when I mentioned that
you could have as much gold as you
wanted. It is quite practical. You
can have, as you cannot help having,
with 400 acres, s35.000,o00 worth of
gold per annum in sea water and 1T IS
only a question Of putting down SO
many sets Of works to increase your
output up to what you want"
According to the Daily Express the
works to which Mr.. Littlef1eld referred
are those which the syndicate recently
has acquired on the south coast Of
England. They consist among other
things Of two reservoirs, one of TWEEN
ty acres and the other of eight acres.
The area with claims and sluices COM
plete adjacent to these works. will be
about 400 or 500 acres. The land has
been reclaimed, and all that is neces-
sary is to level and clear the land and
put sluices in the embankment when
it would be ready for the manufacture
of gold.
It is asserted that Smell has invented
several processes all Of which have
been failures for one reason or another
but that his latest, on which Mr.. Ram
sey has reported, is successful.