The Cordova daily times., 1921-04-13

 PAPERS READ
 AT PORTLAND
Newspaper Man From San Francisco Tells of the Pass ing of Old Time Prospectors, Products of the Frontier

SlS lLHINb, HpI1l 10 NDy ASSOCldL- : ed Press) ).-That some of the great
 est gold mines of the nation will be i beyond redemption unless legislation
 giving them assistance is quickly
 passed, was declared by w. J. Loring
 of San Francisco, president of the l American Mining Congress, in a
 paper read before the Third Annual ,I international Mining Convention here Tt is appalling to note that the
 production of gold in 1910 was $96,- ] 269,000 in 1915 $1O1 ,O35, ,OO0 and in 1920 $49,509, ,00O," said MT. Lcring I Now, then, what is going to happen . if this depletion of the gold production of the United States continues? Of I course, at that rate, one might say that in another ten years there would be no gold production in the United I States, but that would be wrong I There will be some gold production, ] no matter what the conditions are, and there is no doubt that unless something is done to stimulate the !. gold productions of the United States, the production will drop materially j below the production of 1920. T happen to be gold producer to the extent of in the neighborhood of !: $2,000000 annually, and I can tell you !: that it is no easy job to do justice to the mining property these days ; and make both ends meet The great difficulty I find is that opera tions which paid handsomely prior ]: to the war will not pay expenses at the present time and the large ton : nages of low grade ore that were : worked at a profit before the war have had to be abandoned, and in : many cases these tonnages will never be recovered because the work ings have cayed. Unless relief is : given within a very short time more of these reserves of low grade ore will be lost forever"
 MT. Loring gave an outline of the opposed workings of the McFadden
 blll uIIuti HnlCA kuS pIOuuCSI "Oulu 1 receive from the government SEQ CT 1 per ounce for gold and a certificate entitling him to $10 per ounce addi- tional. Funds for the redemption of the certificates would be obtained by the government requiring jewellers to charge fifty cents a pennyWeight or $10 an ounce for gold contained in every article sold. MT. Loring urged support of this measure.
 MINES CANNOT CONTINUE UNLESS PROFIT ALLOWED Production of gold, which is a vital necessity to everyone, cannot continue unless mines are allowed to operate at profit, Fletcher Ham, ilton, California state mineralogist, declared in his address.
 Gold miners have been forced to 2 the wall, MT. Hamilton said, because
 the price of gold remains fixed by
 law and unchanged, while the costs
 of mining equipment, supplies, labor
 and living have doubled Other in
 dustries solve the problem by rais-
 ing the price of their product but the
 miner can take no such action. "A means of relief has been found" MT. Hamilton declared "The plan
 was embodies in the McFadden bill
 introduced, but not acted upon, at
 the last session of congress. This plan provides that an excess tax of ! $10 an ounce be placed on manufac- tured gold in order that the gold producer may receive from the tax so collected premium of $1O an ounce for newly produced gold.
 "The unanimous support of men in
 tVery walk of life should be given
 to the McFadden bill, or some
 similar measure-for purely selfish
 motives, if for no other reason"
 MT. Hamilton said the business
 of the world requires more and more
 gold from year to year for monetary
 purposes, for gold is annually taken
 for use in the arts, industries and sci
 he asserted, gold must be produced
 constantly.
 Despite the great need for gold,
 many mines are not being worked,
 he added.
 OLD TIME PROSPECToRS
 ARE BECOMING SCARCE
 1 Old-time prospectors, essentially