The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-08-29

ately preceding tic wal. VII eAiO "ASAS'
the price will doubtless be somewhat
higher, because the world so wills It.
And as necessary corollary the prices
of mining tools and machinery, provi-
sions and supplies, powder, fuse and
caps, and ansportation-which are
all products of labor-must also be
somewhat higher after the war than
before the war.
| The fact must also be recognized
that the gold bonanzas which stuck
up out of the ground" and were most
easily found and utilized, have now
been very largely found and utilized.
The gold we are to get from now on
will require much greater labor and
expense to win
The fact must also be recognized
that in the last two centuries man
kind has progressed and gradually
come upon a much higher and more
expensive plane of living, and as a
natural sequence men require more
money per capita to meet their legiti-
mate needs.
The facts must also be recognized
that the population of this planet we
call our home has increased in the last
two centuries and the business Of the
world has increased out of all proper
ton to the increase of sound money
to carry it on with.
War fastened the Day.
For several decades preceding the
present world war insufficient gold
was produced to meet the legitimate
requirements of the worlds rapidly
expanding business. In other words
the production of gold was not ex-
panding apace with business-the re-
suit being that at the commencement
|of the war, the world already had
gone far short on gold coin for the
ordinary uses Of the nations In peace
times-and had the world war not &C.
Cured, the time was still fast APP
preaching when the same plan as now
found necessary would have had tc
be adopted by the nations to increase
the production of gold. The sudden
coming of the world war and conse-
quent vast initiation of paper issues
based on gold has only FASTENED the
day.
For the present, the warning nations
are doing business on their credit-or
their cheek" In the common express
sion of the street-relying upon the
sound principle that good gamblers
always pay their debts of honor. Sc
far only one "wobbly' has appeared In
the game.
The splendid credit of the United
States and it's allies, the vast new is
sues of negotiable paper based or
gold the gradual other commodities
rendering the mining of gold at Its
low fixed price nprofitable-have Gre
ated an impossible spread" that car
not be maintained, and instant effect
i've steps must be taken to draw the
ends nearer together.
| The world is right now in direst
need Of at least ten times more gold
coin than the world now possesses.
Must Pay the Price.
When we must have a thing and
there Is no other legitimate way OF
getting tive pay the price, do we
not, necessary for its acquisition ?--or
else we don't get it.
In this case the price will be at least
$50 per ounce, nine-tenths fine---or
else we don't get 1t.
The fact controls in this world in
the last analysis-not academic soph-
istries, old mems dreams, boyhood
fancies, nor the Oracies or Delphi.
Good government means discipline,
cooperation and recognition Of reali-
ties.
If the war were to end today and
peace be declared tomorrow, at least
$50 per ounce, nine-tenths fine, which
means 1898 Ia per ounce for pure
gold, would be the price we would
have to pay to secure the gold we
need in our business.
Most respectfully.
CHESTER r. KEENAN,.