Show VALUE OF GOLD IS 26 AN an astonishing feature of the taxation problems that have confronted the political economists of the world since the late war ended says the salt lake tribune is that gold is actually worth about one third more than its mint value according to the tono pah miner the theory is borne out by a study of the legislation enacted by the principal gold producing countries in every country in the world where gold old is produced laws have been made exempting the gold miner from the payment of excess profits taxes corporation taxes and governmental restrictions this gives the gold miner an advantage claimed to be around 30 per cent over the average price of commodities as against the producer of silver and other metals the grower of wheat rye corn and cotton or the raiser of livestock colonel carl young and rolla B clapp who are interested in the Silver pah ana Kick apah properties located on lone mountain are the progenitors of the idea regarding the enhanced value of gold and they suy that since a national law recently passed has put gold on the free list without paying income or excess profits taxes its comparative value is 30 per cent greater than any other commodity produced in the united states the fact that it is the only metal on the tax free list and the paramount recognition el given aven it by congress is sufficient to renew operations in the gold camps of the country gold may be found inmany in many camps in nevada and with the lowering of operating 0 costs and the exemption from taxes that gold mining companies now enjoy there should be a gradual rise in the number of ounces produced in the united states stales an example may be taken from the last report of president frank keith of the united eastern gold mines of arizona during the years 1917 and 1918 production product iou was vas practically the same but divi dividends denIs 11 1918 with tax free gold were nearly greater than in 1917 or almost double we amount paid in that year in other words federal war taxes in 1917 required almod one half of the profits whereas in 1918 we same amount was available for dividends this salient fact has prompted colonel young and his associates in the Kick Kic kapan apah to start active operations at once |