The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1919-11-22

address follows:
The precious metal mining indus
try has never received from the Gov
ernment the consideration to which
II IL entitled. 1t has at no time oc-
cupied an equitabie relation to the
Government. Its tremendous i'm
portance seems not to have been re-
allied. No well matured construc-
tive iegislation has been undertaken
I'm It's behalf. At no time has the
production Of gold been so vitality ne
eessary az at the present. and at no
time have economic conditions so
alarmingiy lessened its production.
With q trade demand and consump-
ton considerably In excess Of the
present annual production in this
country not only threatening but ac-
tually drawing upon the reserve held
by the Government to protect and
guarantee its financial integrity, with
billions Of bonds outstanding pay
able In 1t and with the entire world
seeking I'm every conceivable way to
get It away from us. we ind ourselves
experiencing q rapidly decreasing
gold production.
The issuance of paper currency
and obligations without regard to
metallic security by the countries en-
gagged in the war has caused an in
nation so great and so far reaching
that the Imagination becomes bewild-
cred in an attempt to grasp both its
magnitude and the consequences
which must certainly eventually re-
suit. That there will come day Of
reckoning. a time when gold will be
exacted in payment Of the obligations
which expressly provide that they
shall be paid In It of the weight, ftne-
ness and value at the date of their
creation, is not susceptible of reason
able doubt. ANY theory of economies
and finance seeking to escape this
perfectly apparent certainty is dis
honest In its conception and will
prove futile In the fraud 1t seeks to
perpetrate. The wealth that has
been created through centuries OF
toll and preserved by self denial and
economy and handed down to US by
the preceding generations has been
measured and fixed by gold and must
90 remain. Amy serious attempt
to disturb this wealth by substituting
false standard Of values would
bring about cataclysm that would
20 disrupt our financial. economic
and social structures a. to blight our
civilization. 1t is impossible. 1t Is
unthinkable.
When the day Of reckoning dawns.
those countries possessing gold Will
survive and prosper. Moral and COM
mercial decadence viii come to those
which repudiate or cannot pay.
A British Treasury Official was re-
Gently quoted as having said that
eight billion dollars Of credit must
be furnished the Allies within the
next twelve months to overcome the
evils Of paper money issues. Since
our country is the only one capable
OF granting credits In such tremen-
dous amounts 1t is evident that we
must carry q large part Of the nnan-
cial burdens OF those countries, until
their Industrial reorganization shall
have been perfected and placed on
solid productive footing. Can any
stronger proof be offered Of the fact
that an increased gold production In
this country IL q necessity? The en-
tire world is looking to Us for assis-
tance and we must give It to the limit
OF our ability. To do 30 we must
maintain the largest possible gold re-
serve that our own credit be not I'M
paired and our financial integrity De
kept beyond the possibility Of ques-
ton or suspicion.
Since gold was first adopted Dy
England as the sole unit OF monetary
MEASUREMENT, in the early part OF the