The Birmingham age-herald., 1915-08-31

used to say that in all probability the mother lode would sometime be discov- cred in the heart of the Alaska peninsula. This View is not accepted by John Hays Hammond. although ne IS persuaded that there are vast deposits of gold in Alaska yet to be uncovered. MT. Hammond does not believe that such formation as a mother lode really exists.
 Gold Ringing in the Far East
 There is no doubt that Colorado will continue for many years to produce gold In large amounts, but it is within two or three years that reasons have been fur nishted for believing that Utah and Ari- zona are to become great gold producing states. This Is especially true of Ari- zona. When the United States geological survey, in 1904 carried on work in the Arizona hills the men of science found unmistakable evidences, as they thought, Of great deposits of gold At that time there was under development only one gold mine. Since then mines have been developed in Arizona which have produced already $o.O0oO00 worth of gold. and 1t Is expected that this production win be con- tinued for many years. French capital was secured some years ago for the de- velopment of a mine in Arizona, and this French syndicate was rejoiced to discov- CT that it's money had not been badly in
 
 in its expenditures for prospecting and development, and after sinking shaft about 600 feet 1t discovered a large and very rich body of ore.
 Of course. this development greatly in terested many of those who are fond of making investments in gold mining prop critics. Boston was interested and Boston capital Is now developing what Is regarded as an extremely good property. one evi- dence of which being the fact that the jn- vestors are not placing the stock upon the market. That the United States Is to maintain gold production in the mines which have already been well developed and which are worked upon thoroughly scientific basis now believed to be certain and the apprehension of those who a,tew years ago suspected that we had reached the limit of gold production and must rely chiefly upon old mines for our yearly increment of new gold is now dissipated. The indications are strong that Utah and Arizona, and to some extent Montana, will hereafter contribute each year large amounts of newly mined gold.
 When transportation is perfected trom the coast to the interior of South Amer lea the probabilities are that great amounts of new gold will be yearly mined In some of the South American territory. There is no doubt that very rich mines of gold are awaiting development in Bolivia. Transportation to these mines is now so difficult and expensive that it has not been found profitable to work them CT at least capital has not been secured Tor their development Now Bolivia expects to construct good roads from the capital to these mines. roads which will be suit able for traffic by means of automobiles. Horace G. Knoyles. who was during the administration of President Taft minister from the United States to Bolivia. said this morning that he is confident that Bo- livia will, at an early day, construct a road suitable for automobile trucks and when this is done there will be no ques- ton about the development of the very rich Bolivian gold properties. The great mining authorities of which John Hays Hammond is type are now persuaded that instead of a gradual exhaustion of the worlds gold supply there will instead be steady increase of production chiefly due to the fact that modern mining ap- rsratus and the science which has taught how to extract gold from ores which in the past were not deemed worth reating are now utilized in gold production the world over.