Bisbee daily review., 1911-01-20
OLDJObLOTS UNCOMMON
 CLAY

Boston-In the Saturday Evening Post Thomas A. Edison Is quoted as making some striking statements as to possibilities of gold extraction from low-grade materials. In some experiments he has come close to discovering a process whereby gold may be extracted profitably from common clay. The importance of such a discovery, which would cause a world panic, frightened him.
 The article says: No mines are being worked at present wherein there is less than S3 10 the ton. The most important of great clay beds in a certain section of the country run about $1 It is probable that O process of using these ciays will be made within reasonably short time.
 Edison told me that urder Phila- delphia was a stretch of clay % miles long which assays 30 cents per ton, and in this alone is more gold that all the free gold In rne treasury.
 NIT. Edison is qucts das saying: Doesn't it seem strange for the financial system to be founded cn a metal for which the only use is to gild pictureframes and fill teeth? Ali the great government. state. municipal and railroad loans of the world are represented by Iong. term bonds. These bonds are pay. able iD a certain commodity of A certain weight and degree of purity. This commodity has very little In. trinsic value-little is used In the arts it is kept in vaults and shut tlecocked between financial centers. melted, coined and remeIted. If iA mobile commodity which is ac. cumulative; has been accommodating since the dawn of history. Its only value resides in the brain of man All men agree to accept It as q measure. Nearly all other commod. ities are desirable to meet pbysica, wants which will never change; but gold is a commodity of the imagina- tion
 Modern methods in mining. mod ern chemical discoveries, increased intelligence and scientific business methods have led in the last 15 7ears an dare still leading to the production of an immense amount or gold Every year the average VIII increase at a greater ratio; and when science has advanced a little more the gigantic and absolutely ihe1haustible deposits within he count7e swill be worked at 2 high low grade rocks and clays of goj1 proiit- The worlds business has in creased so enormously that the In creased production of gold has. here tofore. fitted in; but this noint ,,as been passed. Gold production vii hereafter increase faster than busi iEess. 'u7i The mass of this commodity vii become a burden. Thinking master, oi capital win hesitate to loan nonoy 70 De repaid at some long period in the future with this commodity II they loan at all. and place them seiVes at the mercy of a steam sbov e and a chemical works the cal cuiated deterioration as to its valu, over the loan period will have to h. pdld by the borrower in an increased rate or interest. Railroads are hon ihg Tor the return of a period wt,a, they can sell low .beari,,, tomas In my opinion that perio. VIII neFeh come with the loan nav aoie in gold. The day of 31-2 ne
 cent for the best borrowers ha
 passed never to return, and ioue term bonds will not be SC desira5l as they were in the past. The rapi, advance in intelligence and educa
 tion in the science of money an