Mohave County miner and our mineral wealth., 1921-07-29
GOLD MINING: TO
 HAVE PREFERENCE OVEROTHER|SSUES

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 The Miner is indebted to George B. Alderman, for the following meritor- ious article on gold.
 San Francisco, July 21.-The gold mining industry of the United States stands to stage a quicker return to universal prominence and favor than any other class of commercial ven- ture. . The East, where all great move ments are inaugurated, is evldenclng an interest in yellow metal produc- ing companies over all other activities.
 Under a reasoning process this de- partment of business will reap fu- ture benefit through the decrease m cost of supplies and reduction Tn wages, greater than in any other hne'
 Investigation shows that the Amer ican gold mining is the one industry that failed to profit by the war. In fact, nearly every venture in this class of mining registered net loss que to the tremendous increase Tn cost or supplies and, rise in wages wltn no price advance for its product outpuI' A recovery to normalcy is more easiiy accomplished in this department of in, dustry than in other lines and effected with the least resistence. It is worthy of note that many of the large gold mining companies operating in Call fornia which have been closed down for many months are planning to re- sume operations.
 What augurs we'll for the industry is seen in the advice of New 1ork Market specialists to their cllentele that the market outlook is more prop, itious for stocks of well-established gold mining companies than for any other class of securities dealt in at the eastern, trading centers. Wlth the investing public gaze turned to- ward the large gold producers there will follow a natural tendency to dl- vert attention toward new virgin chan nels through which there will hkely occur a heavy flow of the yellow metal.
 Gold is absolutely essential to put a "kick" into business. Without It, hnsiness becomes sick. Printing presses may work overtime in turning out currency but the patient-busi,, ness--does not convalesce. plscciu displaces harmony under rule of ln- Hated currency creating universal restlessness and is the primary fac tor in the cause of reduced produc- t;on under abnormal conditions.
 That business has been "sick m America for months all will agree. Credit conditions have been stringent and in dire need of easement. UT late gold has been flowing into Vne United States from abroad by the mll- [ lions relieving credit to some degree but the rich have profited mainly grabbed this influx adding to the pll- lions of dollars already boarded until today out of the ten billions ot dol lars of worlds supply of gold approx imately one-third of the latter amount is now held in the U. s. Treasury as surplus gold.
 With all this wealth in America there is generally accredited with be- ing five millions of men seeking em- ployment ,men and those dependent upon them suffering for the lack of necessities of life-sustenance. Busl- ness likewire is in a state of stagna- tion. Part of the critical labor sltu- ,ation has been brought about by strike conditions, the employer and employee refusing to adapt themselves to changing conditions. Adaptability is said to be an affinity to foresight. A returning prosperity will be hastened with capital and labor alike applying a good dose of adaptability to the new conditions confronting business.
 One noted observer of trend ot human events says:
 "What really counts is the work men do, the wealth that labor pro duces, not the amount of gold III vaults"
 Restoration of confidence and the overcoming of prevalent fear tha, something is going to happen but what no one has been able to clearly define, will effect healing of "sick' commercialism by the bringing out ot gold from its hiding places.
 So often during the past few months has one heard argument advanced that there is less money in the country now than for years. To the contrary there is more wealth in the United States today than ever before known much greater than ever dreamed oi bv financiers. A good example in'