Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-11-07
SPECIAL Correspondence.

{ Special Correspondence
JOHANNESBURG. Take out your
watch, hold it TO your car and
listen 10 the ticks. For every
=. one Of them -four dollars worth
of yellow gold is now coming out OF the
great mines under my feet. That IS
the measure OF the stream. and II goes
on second after second minute otter
minute, hour after. hour. day and night,
all the year through The steady CUT
put Of the gold lninessof thes Rand is
now four dollars per second, $3.50 per
minute, more than $4,000 per hour and
over $SQ0,cQo per day In 1907 the pro-
duet was n1pre than Slao.o0o000 or moro,
than Sii,o000O0 worth of the yellow
metal every month.
THE TF,ANsvAAlls GOLDEN
FLOOD.
In all history there has been no such
golden tlood as that which is now
pouring forth from TransYaal. The
mines OF India Of Cloesus and Of Solo
mon We're as nothing beside it, Tho
treasures of Mexico and Peru III the
times Of Cottez and Pizarro dwindled
in comparison, and Australia, Alaska
and California have had nothing like
unto this The mines Of the Rand are
now producing more than one-fourth
of all the now gold in the world. They
were discovered only a little more than
twenty years ago, and they have al
ready turned out more than $1,000, 0UU.
900 worthof bullion. This is equal to
onc-twelfth of all the gold from all tlle
mines Of I'LL the world since Columbus
discovered America. III weight It Is
Just about 1000 tons, or so much that
" you louded II on two-horse wagons
Mt Il ton 10 the wagon4it would take u 4
line of teams II or Is miles long to
carry ii all
More than this. these mines promise
TO continue pouring out gold for gem
erationseto como. They could produce
twice as much today IL they had the
]abprand they could treble that amount
and keep the mines going for years
The gold reefs, In which tho precious
metal lies, have been proved for a
perts shy that they can be worked TO
n depth Of 5000 feet If they were
worked TO 1900. the amount so far tax
en- out would be just about three per
cent Of the whole. and Mt that rate
there are from l0,Q0o.0oo.o0o to 10000
100000 Of the precious bullion left.
The production has been increasing
by leaps and bounds ever since gold |
was discovered here. In 1884 the out |
put was about $4,000 and ten years |
laterit had jumped to $3S 600. 600 per an
nun: It+steadily increased to about
$50 eQ00Hc0. &wbich,swasl the annual pro-
duct al theabeginning az the Boer war,
1t then fallto almost nothing for afvearEl
or 80 hut in 19044it WAS again $50, 900. OOD.
In 1905. y reached st00l000G0, In 1906
IT was moresthan s12o,NO0-DNO and in 1907 |
the5Vast sum Of s136;T50. ono. These
inconceivab1e, but thev are
ahdut what the mines are producing
today. The aggregate dividends last
year We're s35o00.O00, and the mines
which paid them are capitalized at
over s120.o00000. I have before me a
which gives the products OF
q dozen of the leadinEamining compa-5
MES during the past month. None of (
them has paid less than 81 800 for every
day4o that month. and some have run
rs high as $4,000 per day for the 80
days. Talk about gold Where will
v" c.ld find 1t elsewhere as here?
THE GOLDEN DOUGH OF THE
RAND.
almost despair of describing these
caves of Aladdin on the highlands Of /