The Washington herald., 1909-06-20

inadequate: others fear that II the pres
ent production OF gold Is maintained the
finances OF the world wiz be overturned
Predictions Not Verified.
Michel Chevalier. the famous French
political economist, predicted in ISIS that
the immense increase IN gold from the
mines Of California and Australia would
cause upheavals and suffering; that the
value OF property would wildly huctuate.
and that persons with fixed incomes would
be flung headlong. without rule OF meas
Hre. down 20 a lower station. The
prophecy OF ChevaIer converted Richard
Golden. the celebrated English ecOno-
mist. 10 the doctrine OF disaster, and so
impressed Holland that gold was demone-
tizcd by an act OF its national legisla-
ture. SIN. considerably more gold was
mined during the decade following Cheva-
lier's warning than even he had estimcted.
and with no unhappy results % man
kind
Following every important discovery OF
gold are great movements OF men and OF
business Africa bought s15.O00.000 worth
of mining machinery IN a single year.
California. a remote wilderness six OF
deserts and mountains and murderous
Indians between, was suddenly opened 10
the world by fits wonderful mines. Cities
were built as II by magic. great harbCrs
were made for the ships OF all nations,
and railways were soon spanning the
continent. As for myself. am not afraid
the world Will ever be inundated by q
food OF gold
Cold II fho South
Why was an assay once established at
Charlotte. y. C.2''
TO receive the gold obtained from the
mines in the Appalachian Mountains. Il
may not be generally known. perhaps. \
but gold Is found in nineteen States and
Territories Last year the production IN /
the South was Alabama, SZ7.o00: Geor-
gia. $4,000: North Carolina. IS. .O00- South (
Carolina, $500; Tennessee, $3.50. and
Virginia. $500 Silver IS obtained n /
twenty-five States and Territories. much I
OF II being the 5y-product OF gold. COP
per, lead, and zinc Colorado leads the /
country IN both gold and silver The
value Of its minerals last year was af.i
most $4,000 000. California has more than I
loo gold mines. the output of which 4
amounted 20 about SlSO000 000 Il viii be I.
news 20 many people 7 suppose. but the I
yield OF silver in Michigan amounted 10 4
Szls.eoo. in Missouri 10 S17.00o. in Illinois /
% $3.50, In Tennessee 10 S32500. and in /
Vermont TO S250o"
How much gold IS used by jeve.s 5. (
oenmakers. and dentists2~
We estimate that manufactures and
the arts annually consume S40.000l00a \
worth Of gold and S2A000o0 worth Of .
silver. The consumption OF each metal I
has doubled IN seven years. All the Eoid
that IS mined. therefore, is not manu-
factured into money. Besides. some OF the (
gold we coin is held in reserve by banks /
In foreign countries. Canadian banks
for instance. have Sis.0e0o0O locked in
their vaults"
Once n Publisher.
When you were eighteen years Old 7 4
said you were publisher OF a daily
al Napa. CALI"
Yes and was making about so a
week Ny father. a carriagemaker. emf
grated from Auburn, y y. 20 California
n 1Sie. Ny mother and I Joined him in
S52 1 was six years old California
schools in those days were not pa-ticu-
-arly good and 7 wanted 20 be q ma
,hinist- went 70 san Francisco. thirty
niles distant. 70 ind a place in ma
shine shop. But nobody would take me.
1ne man after another telling me that j
vas entirely TOO tail for my weight I
While was tarrying az home 20 get fat.
With rather poor success. 7 worked
around the Office OF a weekly newspaper.
am sure I would have made A rafting
;ood machinist- However. I learned 10
'tick type in q San Francisco JOB Office
Ny employer said I was a competent
land-
on one OF my customary visits 20 Napa
formed 2 partnership with a boy OF
ny own age. and. renting the necessary
started daily newspaper.
Then my partners brother came along
nd Induced me 10 90 TO Vallejo. the first
idewaJer railway terminus on the Pa
iic Coast. L was % be a whOpping big
ity, he thought. and I readily agreed
With him. made nv partner a present
Z my equity and prospects al Napa and
moved 70 Vallejo. where I established the
evening Chronicle That vas IN 1SS7.
old out in 1855. and began publishing the
oakland Enquirer. n the meantime I /
ad been a postmaster. without really
Tanting the place. and a member OF the
legislature. IN which capacity I had
ormed the acquaintance OF George c.
'erkins. then governor OF California and ]
ow a United States Senator. Nj Per
ms had me appointed superintendent Of
he mi2t in San Francisco. came to
Washington IN 1907
However. I have always speculated
yer what might have happened had I /
cen fat enough 10 get into a machine !
hep I
Copyright. ls's. by James B 8IorruU)
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