Show GOLD MEN SEEK NEEDED RELIEF I Secretary McAdoo Appoints Board t to Investigate t Met Mel I t als al's Production i J Jew New Xe ew York Nov O 1 Gold Gold I-Gold Gold producers representing ng 35 33 per cent of ot fth the only lie onh d declared eclar clar d eS essential l industry str th that received consideration at th tho hands hards' hards of ot the lie government gO deci decided ed at a recent conference nc here to today ay ask asic to relief co cor or responding responding- to the lie In Increased d cost pro pro of-pro- duct on Eu Eugene enc D Davis Javis chairman chairman of ot of the lie finance committee of ot the lie t American Ameri rl can Gold GoM conference and the Int Internal r tonal tonal Gold conference announced day a t Under er war conditions gol gold Js is be g mined at a loss I gs said nI Mr Ir Davis s a adding that a large percentage of ot the n normal t 1 I I pre war production is in danger dangel of or be be- beIne In Ine ing Irretrievably lost While deciding I not slot to to make snake specific demands the Uie mini min I t owners sent went on record opposing opposing ra w change In hi the tiie amount of or gold gold In the lie dollar or placing a premium upon the commodity This in effect eLect would v. preclude preclude pre pee clude elude an increase In price so that the e most most 10 logical course open according to 0 leading leading producers would wul lie Ie a go government govern ment insurance of tho thu he In industry to cover tl co the thic production deficit during th the v wal waland at and the period of or reconstruction Declaring that lint er e. every new now gold old dollar dollar dollar dol dol- lar I Is a safe basis or eight dollars doar of ot circulation medium Mr Ir Davis ls emphasized erpha- erpha sized the Importance of or mining which lt he declared declarer cannot be Continued und under l present conditions with wih labor reduced d JO 10 0 per pel cent in efficiency and wages wages wages-in iii- iii creased 33 3 to lo 40 0 per cent cent lie He cited 3 a. a tee telegram lam received recel t today da from rom the Northwestern orth Gold Mining association n announcing that lint mines were wele being sold announcing or closed and that hat thi th the Industry will willbe willbe wil be he complete ruined unless prompt re relief re- re Ref Her was WS given To S study U y gold production ton and sug sUi- suggest MUI MUIs gest means of stimulating it s tary McAdoo today appointed a committee com coni consisting of Albert Strauss member of time the federal deral reserve board Raymond T I Baker director of time the mint Emmet D. D Boyle governor of Ne Xe- Xe vada Edward F F. Gay Oay representing the war trade board and Pope Yeatman representing the lie war industries board |