Show T T T T T T. T TT T T t 1 1 OVERPRODUCTION PRODUCTION OF GOLD 1 M t t j M MM I I t MM I I I 1 1 Our today furnish a most edifying 1 lesson s 9 1 of East Eastern rn insincerity and greed Senator Rawlins's worthy and md vigorous effort to have bave a t Government Assay Office located at Provo is s being blocked e by bj such people as Senators Aldrich of Rhode Island and Hale of Maine Their policy and pt purpose jn m taking this course are arc not concealed and andare andare andare are are frankly explained by Mr DIr Roberts Director of the Mint As stand the the large output of gold produced pro pro- o by br territory to which Provo is is Central is is' is shipped East and sold to brokers who make a profit b by reselling to the mint Were ere Provo made an anas as assay ay point our miners would save the cost of shipping shipping shipping ship ship- ping bullion to the Atlantic coast and also would save the profit of the middle middlemen But that hat while sufficient cause for Eastern opposition is only incidental inci mci- dental to the main purpose of the financial interests represented in Congress by men like Aidrich Aldrich Ald Aid rich and Hale Director Roberts tells the thc whole sto story y in his bis admission to Senator Rawlins that Wall Tall Wallstreet Wallstreet st street and Lombard street are perturbed over the th excessive e production of gold old and view with alarm the probability that the yellow metal may become a d dug drug g in the marl market et when the South African African Aid Aid- can can mines shall again be spouting it out like steam from your grandmothers grandmother's s 's tea kettle Hence the financiers of the period think that it would be bad c economically to further encourage gold production by such a movement as the establishment of an asSay assay as as- say office at Provo which probably would result in ina ina ina a marked marled increase of the bullion supply t i. i aphis Th s lite of argument is simply What at ha has bas b become come of the intrinsic value of gold doctrine doc doc- trine that Aldrich Hale and other single standard p champions i ons were used to preach when they were gaa I in the effort to demonetize silver Then Theil t f ey would wear swear until they were black in the face facett tSat tt we never no never could have bave too much gold t at t it never had had bad varied in value and never could h because cause that value was intrinsic N Now w they are arc afraid fraid that it is getting too plenty plenty so so plenty that it is beginning to spread general prosperity among p people i ople at large huge and the bankers of New York ft Kondon Paris Frankfort a and d Berlin are arc in danger dt f f losing then their close control of of and power to corner comer iT at at will i- i lI Ts ls history about to repeat itself again In 1871 t te great reat financial houses honses of the world held a conf con- con f i ce in Berlin erlin and tentatively decided that as g gold d' d apparently was Wag threatening to be in greater supply than silver they would begin to maneuver for fr it a general of gold and put the world on a sin single le silver sih-er basis About that time the Californian an and Australian production fell off rapidly rapidly rapidly rap rap- idly the large additions to the gold volume available available avail avail- able for currency which had been steady stealy for a mini nurn- ber of of years yeats ce ceased ut and the scheme was as dropped d. d If Is it to be revived at the tile opening of the Twentieth Century Are Aie we now to be told that the intrinsic value alue theory is bosh hosh and that gold like other commodities com corn has only value in iq exchange Or Or will the and anel Hales HaIrs suddenly discover that they I were wrong the other time and that the only thing which has lIas the tho real ral old genuine intrinsic in it after all is and aud and then proceed to plot and fight for a single silver standard fo Stranger things have happened though not much |