| Show BELIEVES THERE TIRE IS CHANGE CHANCE FOR SILVER Influx flux of f Gold Will Send the Price Down 4 I THEN THEIr A NEW STANDARD T I PROF SEALER SHALER THINKS THIS TRIS WILL SE BE BETHE THE WHITE METAL t Cambridge Mass March 2 If the price of ot gold goes down another an metal must be looked for as a token of In International International international value I think this metal will be silver because slIver silver is not found in alluvial plains and because owing to the difficulty in mining it will never change in value This statement was made by Professor sor N S Shaler geologist in a lecture to GOO COO students in Sanders theatre He predicted that within the next thirty years there would be an Influx of gold such as the world has never known Professor Shaler bases his statement on geological conditions combined with recent improvements in mining apparatus He said In part Within the past few years men have come to realize that a large portion por portion portion tion of ot the earths surface is charged with gold Gold Is indissoluble and when gravel banks are out cut ut away It Itis ItI itis I is not easily easil carried oft off by streams to the sea as is the case with other metals met metals als Instead it is carried along brok broken brokon I on en up Into finer and finer fragments and gradually deposited over alluvial plains The new systems of ot mining which have recently teen discovered will m have nave produced by b the middle of the present century an almost alm st intolerable supply of bf gold I cannot say sa definitely what the increase will be b but I should think at the least that the present supply will be quadrupled On the continent of America alone I T have estimated that the amount of sold old to be won w n from gravel within the next hundred years Will hill be worth Mining Made Easy Up to the time men have been greatly handicapped In searching for gold by the fact that it was scat fared tred t red so thinly through the earth They have been able to find any amount of gravel paying from 10 to 30 I cents to the cubic yard but the ex expense exI j I pense of dredging has always been so great groat that they have been unable to extract it with profit t I Now however the machinery of the dredgers has been greatly improved Within the past three years dredges havis hav been operated in Russia and in inthe Inthe inthe the United States otates especially in Lead vill vm Colo which Have proved beyond question that alluvial soil can be profit profitably profitably profitably ably worked for gold goldIn In the United States there are from to SOftO square miles mlles which will give miners employment and which can be accurately depended upon for producing gold Similar areas in Rus Russia Russia sia India Africa and Australia will flood the market and if the value alue o ot of gold lold remains the same quantity will increase tenfold by the middle of f the century The production may be limited however by a simultaneous rise in the price of labor and by the fact that the mines in South Africa and in other places where the solid rock bed is worked cannot be operated by reason of the Increased expense Still there will be a vast influx and what its ef effect feet will be cannot be estimated It may play havoc with commerce but butto butto butto to my mind it is more likely to bring about the lorg looked for tor golden age agean agean agean an age of peace prosperity and hope I |
