Show OVER production OF GOLD A fe few v years after the great california gold excitement in 59 there was serious talk of de gold and the placing of the thefil fi dances of the united states upon a single silver standard the decrease in f in gold production P shortly afterwards however put an end to all talk and schemes of this character and ever since this country has been so strongly committed to the gold standard that il seemed i doubtful if ever again for a generation or two at least anything more would ever be heard of on this topic strange things ta take e place in financial circles circle sin in this day and age as we all know full well and it is therefore a i matter of no great surprise to learn lear n that it gold is becom becoming ing too plentiful this announcement no beino being made by the astute director of the mint mr roberts who uses this arati argument in his opposition to the passage pas sacre of mr ORaw rawlins lins bill in the senate providing I 1 for the establishment of a U S assay office at dt Provo utah if gold is to become a drug on the market it is high time that the mining ma men of df this western country were apprised of the fa fact ct in order that they may again abrain turn t their air attention to the production 0 of f silver and especially so if the present intention of putting an fn ir the philippine islands on a silver basis crystal izes into a law it being a well known fact that the country is more prosperous when the silver mines are being successfully worked than when the energies of mine owners are very largely directed to the production of gold seriously speaking the attitude of the director of the mint e concerning once rnino 1 the alleged 11 overproduction over production of gold is simply simple ridiculous arid and is assumed principally for the purpose of antagonizing the effort being made to establish a government assay office at provo the milk in the cocoanut coco anut being that roberts arid and his following wish to throw v cold water on the project in 0 order that the eastern broker and refiner may continue to profit at the expense of the mine owner and the gold arold producer by the establishment of an assay office as proposed the producers in this section would be able to eliminate shipping charges on their bullion east and the empei expense i se attached to the maintenance of middlemen middle men to cerp perpetuate e cuate this expense forthe fo for rt the profit of eastern benefiel aries such men ascale and aldrich staunch advocates of the gold standard so s 0 o far forget themselves as to support director roberts in his opposition to senator Rawlins Baw lins bill using the feeble and ridiculous argument in fighting the measure that it is feared that there will w ill be overproduction over production of gold of all the rot advanced by wall street fiDan financiers ciers of late years hostile to the interests of the west and of the whole country for that matter this is the worst in reconsidering the matter we are not so sure that provo needs deeds the assay office as badly as roberts and his coterie need snug and comfortable quarters in the asylum for insane one of the leading institutions of garden city |