Bisbee daily review., 1906-05-06
English Flag Floats Over Coun- tries Producing 58 Per
 Cent of Gold.
SAME COUNTRY IS
 GATHERING PROFITS.
Jonthan Clark Jackson Writes Comparative Statement and
 Shows This Country to Be WoefuIly in Rear of Cousins.

Jonathan Clark Jackson writes the following to the Chicago Record-Her- aid:
 Some startling facts are revealed in the report of the director of the mint just issued by the treasury de- partmenr, for 1904. First is the dis comforting knowledge that the English flag floats over the countries contri- 6uting 5S per cent of the total gold production Of S346,000,0 900 for 1904, while the United States must be sat isfied with g per cent. Secondly, English capital is shown to be mostly active in the United States, Mexico, South America and Russia, and is gathering the profits there from the best mines to swell the total Cf 23 Per cent of the bonded indebtedness of the world, owned by the people of the United Kingdom. Thirdly, it indicates that the financial short-sightedness of our government, and of our InOneyed men, is responsible for a goodly palt of this discrepancy.
 No other product of nature has so fired the imagination, stimulated the energies of mankind, without regard to race, color or climate. as the search for gold Almost universally -distri5lt- cd, no nation or race is ignorant Of its value Unlike any other product, it is money per SC. and the fixed un- ChangeaDle medium of exchange and measure of value. for everything bought, sold, or ba-tered in the mar kets of the world. It moreover be comes at once a permanent, not tenn Forary, addition to the worlds wealth. However it may change it's form. it still remains the fixed unit of value. While 1G per cent goes into indus trial use, much of that returns 10 the melting pot to become again primary money.
 The story of gold is the story of conquest, of war, of peace, # govern ment. of civilization. Its production, therefore, becomes a serious Ql:cS- ion to our national life, .tnd an economic factor to be studiel Dy OUT states:nen and publicists, as well Is of tactical suggestion to our noneyed aIeE. This report of the treasury is Ep- proximately accurate for period cor responding to that of cur national eX- istence, 1792-1904. It is not necessary here, however, to go furth .r Lack than 1860. From that date until I$72--- twelve years-the gross gold prt duo ton of the world was S1 .G3S 0G0. Doe. Ttis vast sum is exceeded by the pro ! duction. for the years 1S99-1904--$1,- 791, ,OG0, ,OON-9he year 1904 reaching | $346, ,00G, ,000, of which, as before stated, l 5S per cent comes from British terri l tory, and the remaining 42 per cent 1 goes largely into London because of English capital being the greatest fac tor in development Of both the new and old gold fields. ...
 ''What is the explanation of English supremacy in gold production, in other words, of primary money? And why | this indifference of our government, | and our money class, to this vital industry. that is becoming more profit- able each year through advanced met sllurgical knowledge of the reduction | of ores? London is today the best market on earth for the sale of meritorious ! mining property, wherever located The absorption of such shares seems | without limit. This condition Of things does not obtain in New York, Chicago, or elsewhere in the United States. Why? May 1t not be due to the strict CT accountability exercised by parlia- ment over the corporations, and cor porate acts, thus precuiding the fren- z.ed over-capitalization of companies, which in many of our states is not only allowed, but brazenly encouraged 1 through the grant of wide-open char ters free of stockholders liability? These fee begging" bids are dis grace to our people, and just criti- clsm of our government itself.
 Are such charters other than legal licenses to chicanery and fraud and a stimulus to speculation so reckless that otherwise profitable industries are wrecked to satisfy a gamblers d&y? Is not this stricter accounta- bility by the one government and the greater disregard by another govern nent (our own) responsible for the difference in character and intentions of the two peoples considered as in yestors-nationally considered.