The Boise citizen. (Boise, Idaho) 1906-1910, 1907-08-09

The most devoted hopeful champion "ard money will be
compelled admit that there be oquence figures the above
table contains it. Here world which pods along for unnu
bered centuries with fairly steady increase its accmuons OF
gold until it reaches 1900 Then gold deluge!
startling enough but the detailed facts
In the period 1910 the average production of gold
only 100000 In the decade included the 1896
1905 the average gold production rose to the staggering amount OF
3O5 76O0OOl in the present year will produce gold
which sell mints for not less than 425oOOOOO
If these figures prove anything they prove that gold absolutely
worthless standard of value They so concse that
defense possible If it takes untold centuries for precious
metal to attain an annual production of $200000 in 1900 how
precious 1906 when the mines out OF IT.
After reference to campaign of 1896 in which he takes
good nared both sides saying the bankers demonetzed
the wrong metal which they beginning to realize and that
the deonezaton silver has been the prime OF increasing
the total of bullion for coinage through the stimulus given gold
seeking Mr.. Adams says:
be gold standard doomed with there will be cast into
hory rubbish pile the expeen of measuring values with
substance dug ground 1t almost impossible to name
one material more worthless than gold standard OF value
The unthnng may imagine that remains cosat by reason OF the
fact that shrink but day by day all other
utilities value compared with IT. LOOK at e prices
Of silver iron copper zinc wheat fabrics lumber meats and every
thing which be named including speculative and investment
stocks and the question of how gold serves TO maintain
honest and constant scale of prices!
We have seen how the production of gold remained almost con-
slant from 49s to 1S4O how then rose by leaps and DoundS
From less than S12 the period of 1024o rose TO more
than 5000 100000 in 1896 There witnessed the ASTOUNDING
A1
spectacle single year producing more than ha1 cey
shall be said of substance selected for standard OF values
in the latter half of the nineteenth century was produced IN
nearly ten times as great in the first halt! Not ten pei CENT
more-wbich would have been fair increaseDt one uO
per cent. , ,t,1
The medium by which all values are determined has almost G4u
IN +e e,s doubt If another commodity show an equal Dool
When the silver men proposed to add that metal 70
was produced in all the world only about S3ooooo,ooo u ~
and god. when silver was demonetized IN 1919 the do @
5000 ooo and now in consequence OF their victory o
money!" the minis called on to grind out more t
in gold alone Conservative estimates place he ~ ~ tt
from now at half billion annually and there Is no e wy ~
billion 6ge shall not be reached within ten or tweiVe
Following this it is pointed out how by electricity W h
be worked that formerly above wafer supp ~ f1i
overwhelming perdcion: e,foc+rre There
"he time has come when gold is an article OF uI !;
practically exhausess tracts OF ock anu ST. M tat;on Of
be dced IN enormous quantities with absolute ennlldu -
risk shall briefly consider two typical instances u d,
ure" either one of which is sufficient to doom soiu %
of exchange.