The Washington times., 1906-08-13
OUTPUT Of GOLD
INCREASING FLOOD
Coming Mint Report to Show
S425,OOO,0O0 for the
Year.
8lLVER'S PRICE SOARING
Mines All Over World Increasing Pro
duction With Possible Exception
Of Australia.

The worlds food Of gold goes stead
uv Oh. Silver has reached the highest
price 90 has commanded iu many years,
and is just now moving sharply higher.
But ln truth IL IS not much that silver
and sardines. and beef md hTeeeAe5r ana
shoes and ships and sealing wa and
cabbages and kings have got dearerr
but rate that gold has got so much
cheaper
The mint report on the worlds gold
production, coming out soon. VIII ndl-
cate that something Ike S415,95),ptJ or
the precious basic metal was produced
last year. The preceding year about
SGT. 10000 was the output Next year 3
record viii bring the halI-bllh1u mark
fin sight; in fact win pass IL II big
developments that are expected Fl Africa
and Alaska come on
Coin Harveys Demands Fulfilled.
when "Coin" Harvey wrote his coin
age treatise the world was producing
oniv about $4,000. 900 of gold q year.
Harvey said the world needed more
money OF redemption to make Il pros
porous. The miners and inventors dug
H. up; and tho prosperity came Silver
was demoneuzed despite Harvey and
Bryan and It's other friends; but il has
been swept along with the rest OF the
worlds productions in the flood Of higher
prices consequent ON greater proaue-
tlon of money metal and today X is
nearing 20 cents per ounce in 1902. al
its lowest point, IL got down TO a cents
The other day the United states ap-
peared as a purchaser Of silver, the
first time in thirteen years, II needed
the metal for subsidiary coinage It's
purchases viii be OF little real import
auce. but senJmeuJally they are al
ready having O decided effect on silver,
and VIII have more later on. For al
most four years the white metal mas
been increasing ia value. Froauclion
Of % has been about At sJandsJlll,
and there is every Indication that II
viii not increase greatly In the near
future. Most of 10 IS produced IN the
United States and Mexico, the latter
leading. When Mexico demouctzed u
and, a little more tlan a year ago:
went 10 the gold basis silver. instead or
failing. promptly advanced in price.
MeXico's minister Of finance melted up
his silver money as fast as he could set
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
put into circulation In place or the sll-
Ver and Mexico actually made pTouJ
on the transaction
PEOPLE row living VIII likely live -
see n billion dollars Of gold produced IN
q wear. Africa's production IS increasing
ar an immense rate. That OF the United
States is going 70 increase Tor years
TO come. Alaskl's possibilities nave n9-
been scratched on the surface a1o I.S
caoitalistic interests are now invest
f-os immense sums there getting con-fol
OF quartz properties that VIII De deyeI-
Oped with modern machinery, Placer
mining viii be replaced by the great
,ocrf,er- which invention has provided
for extractinE the last grain Of gold. It
is freely predicted that Alaska VIII one
Say eurpass the Rand. which Is now
the greatest producing gold Hello.
South Americas Possibilities.
And then there is south America. de,
clarod by explorers and SCIENTISTS 10
he the worlds richest continent in gold.
Its production Is almost negligible To-
daN-- bur in the coming generation IL
viiI be made once more. as IT was IN the
aoys of the NfontezUmas, the worlds
greatest source of gold supply Asia has
Doeefrilifies only vaguely known as vet.
I'm Siberia. Korea, and the Himalayas-
A,,s+ra1i4's field is the only one which
+I,-asta-7s a decreased output Most OF
tba gold from there now comes from
q fauy great quartz mines In West Aus,
tralIa These veins are faulty and un-
certain: deeper and deeper workings fnd
iIT In tbe United States. Nevada. Cali
fornia. and Idaho are. in order. the
canters 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 viii be a
good producer for many years, ana
others will far more than take its place.