The Washington times., 1906-08-13
OUTPUT Of GOLD
INCREASING FLOOD
Coming Mint Report to Show
S425, 100000 for the
Year.
SlLVER'S PRICE SOARING
BIines All over World Increasing Pro
duction With Possible Exception
Of Australia.

The worlds food OF gold goes stead
fly on. Silver has reached the highest
price It has commanded IN many years,
and is just now moving sharply higher
But in truth il IS not much that silver
ana sardines. and beet md hrecches. and
shoes and ships and sealing waN, and
cabbages and kings have got dearer,
but rate that gold has got so much
cheaper.
The mint report on the worlds gold
production, coming Out soon. Will indi-
cate that something Ike 1880 OF
the pI,-'~us basic metal was produced
last year. The preceding year about
S275 .o0J. 90 was the output. Next yeaT. s
record VIII bring the half-billion mark
in sight; in fact wiz pass II II big
developments that are expected ~ AFRICA
and Alaska come on
Ccin Haryey's Demands Fulfilled.
When "Coln" Harvey wrote his c0IH-
age treatise the world was producing
only about y1500o,0lo of gold q year.
Harvey said the world needed more
money OF redemption To make Il pros
porous. The miners and inventors dug
il up and tho prosperity came. Silver
was demoneuzed despite Harvey and
Bryan and its other friends; bat IL has
been swept along with the rest Of Jhe
worlds productions ia the flood of higher
prices consequent ON a greater uroduc-
tion of money metal. cd today lt is
nearing 90 cents per ounce. IN 1902, at
It's lowest point. II got down TO Il cents.
The other day The United states ap-
peared as a purchaBer Of silver. the
first time IN thirteen years. i needed
the metal for subsidiary coinage. Its
purchases viii be OF little real import
ance but sentimeGtally they are al
ready having q decided effect or silver,
and win have more later on For al
most four years the white metal has
been increasing In value FrOlucuQl
OF IL has been about N q standStlll
and there is every Indication that i
VIII not increase greatly in the near
future. Most Of il = produced IN the
United States and Mexico sle latter
leading. When Mexico demolcuZrd IL
and. a llttla more tl4n year ago.
went 20 the gold basis silver. instead or
failing, promptly advanced IN price.
MeNiCO's minister OF finance melted up
his silver money as fast as he could get
hold Of IL. sold II abroad as bullion. and
brought home the gold for which he sold
IT,. The result was that gold was easily
pat into circulation in place Of the sll-
on the transaction.
People now living viii likely live To
SEE q billion dollars or gold produced IN
@ year. Africa's production ls increasing
at an immense rate, That Of the United
States is going % increase Tor years
to come. AIasIzl's possibilities have not
been scratched on the surface. AID biz
CapiUalisdc interests are now invest
irg Immense sums -1ote EfL..lE N9i-t ~
of quartz properties that viii be deVel-
HHa %" . HElF
mining viii be replaced bT the great
machinery which invention has provided
for extracting the last grain or gold. Il
is freely predicted that Alaska VIII one
day surpass the Rand. which Is no"
the greatest producing sold HELD.
South Americas Possibilities.
And then there is South America. de-
clared by explorers and scientists 10
he fbe worlds richest continent in gold.
It's production IS almost negligible To-
dav. but in the coming generation II
viii he made once more, as IL was n the
days of the NfOntezumas, the world =
greatest source Of gold supply. Asia has
I.ossihuIties only vaguely known as YET,
in Siberia. Korea. and the Himalayas.
A,,s-rs1fafs field is the only one which
tbreatens a decreased output Most OF
tba uold from there now comes from
a few great quartz mines IN west Aus
+reI{a. These veins are faulty and Un-
certain: deeper and deeper workings find
the grade lower
In the United States, Nevada, Cali
forn{a. and Idaho are. in order, the
centers of greatest development and
promise at present This cOuntry's gold
OUTPUT is pretty certain TO increase
steadily for years. With modern
methods, the old California fields are
being worked over again. and producing
better returns than before. Cripple
Creeks riches have been worked past
their climax, but the field win be
good producer for many years. and
others viii far more than take its place,