The Parker post., 1917-07-07
MORE GOLD IS
NEEDED IN !. s.
NEED FOR AMERICAN MINES TO
PRODUCE A MUCH LARGER
QUANTITY OF THE YELLOW
METAL.

mediately after peace Is declared
heavy outflow of gold will begin. We
shall be called upon to return all that
has come in here and more besides.
The question naturally suggests it.
self, where Is this more to come
from??
The United States and its terri
tories produced in gold in 1915 $101,-
100000 and in 1916, $95,000,000,
which shows that our gold produc-
tion is falling off, but the stock of
gold in this country has increased
from $1,887, 100000 at the outbreak
of the war to about $3.089, 100000
today. Our government, unlike any
other government in the world, does
not interest itself very much in the
production of gold.
Gold has the advantage over all
other minerals in that its value is
fixed and does not change. No
group of men can control it's output
or fix it's price. 1t is the one metal
that the poor man can work himself
where found in the alluvial gravel
deposits, and for the gold he extracts
he can obtain just as good a price as
the wealthiest mining corporation.
Gold, geographically speaking, is
unlike any other metal; it is where
you find it. This is best illustrated
by Cripple Creek, in Colorado, and
Goldfield, in Nevada, for both Of
these districts were turned down in
their infancy by mining engineers
and geologists. Gold was being found
there in a rock formation different
from any previously found. The auto
mobile is now making it possible for
men to work in the arid regions of
the various states, as they can be sup
piled with fresh water Districts in
which it was once impossible to exist
can now be prospected for gold. I'M
proved machinery permits today to
recover from ore and gravel, at a
profit, gold that ten years ago would
not pay. The work of producing gold
and selling it to the United States
mint is no longer a venture in this
country; it is an industry.
Few people realize what the pro-
duction of gold has done for the Uni
ted States It's discovery in California
in 1848 and the wonderful produc-
tion of gold in the west were what
made possible the building of the
first transcontinental railroad. 1t
was gold from the west that saved the
credit of the nation in 1865. There
are many gold mines in the west
that have been producing for more
than twenty years. One of the larg
est producers of gold in California
has been in operation for more than
sixty years, and Is now doubling the
capacity Of its plant.
Agriculture always follows mining,
never precedes it. In other words
the lure Of gold attracts the pioneer,
and the influx of population follows.
The agriculturist is Immediately at
tracted to the country, and soon d
new agricultural district has been
developed,
After the war the European ma
tions and Great Britain will not per-
NIT us to retain the large stock of
gold which they have sent here and
which we now have on hand any
longer than they can possibly help.
They will compete in an endeavor
to make their new securities so en-
ticing, both as to taxable and rates
OF interest, that thousands of citi-
zens in this country who have for
eign blood in their veins, and who
will want to help in the restoration
OF the land Of their ancestors, will
invest millions of dollars in them.
In addition to this, millions of dol
lars in gold will be donated to help
rebuild and rejuvenate these coun-
tries
Once in while you will hear some
one makes the statement that there is
plenty of gold in this country, and it
leaves you with the idea that gold
does not cut very much of a figure in
the finances of nation. The true
answer to that point of view is found
in asking the question, What gives
England her supremacy in the fl
nancial world? Not her navy, not
her manufacturers nor her pro-
ducts, but the fact that she con-
trolls the gold product of the world,
and for that reason is able to estab-
the rates of exchange and to make
the English pound the basis thereof.
Few people know or pay any atten-
tion to the gold production of the
world, but when they inquire into it