Show 0 NATIONAL GOLD conference the american mining congress 19 convinced that the nation maist now be aroused to the serious meaning of the threatened failure of the gold supply and that this is the psychological hour to secure the consideration of a practical program of national legislation which will rehabilitate the gold mines of the united states the necessity of maintaining our gold reserve and at the same time meeting the demands of the trade is apparent to both producers and financiers but the impracticability tic of changing the present price of gold old without overturning the present monetary system and affecting international relations is also apparent the trade demands for gold in the united states during the present year according to the best obtainable statistics will exceed the total production of gold in this country by and next year if the present ratio of decrease in production and ana increase in demand is maintained the trade shortage will be the fact that the trade can purchase gold from the treasury of the united states at the coinage value thus allowing private profit from a product which is now losing money for the producer furnishes us with food for serious thought the distress of the producers is reflected in all mining communities and this unsatisfactory is condition pertains not only to the united states but to all other gold producing sections of the world what is to be done about it it is for you to decide the forthcoming convention of the american mining congress will be the most important session ever held by this organization the sessions will be dedicated quite largely to the industrial problems and many of the nations leading thinkers and employers of labor will be present A special program in charge of dr harold N lawrie gold economist of the american mining congress is being arranged but in addition to the selected speakers there will be an open forum for the presentation of all resolutions and practical suggestions which you may bring with you |