Salt Lake Tribune | 1895-08-24 | Page 4 | The Gold Product and Gold Drain

THE GOLD produce AND GOLD DRAIN the globe democrat begins an item by saying speaking of 0 the gold exports mr air leach formerly director 0 f the mint and now a new york bank officer calls atten attention flon etc I 1 a not that queer we would like to know of 0 any high treasury official who for the latt last few years upon going out of office has haa not straight to it a new york bank as a high officer this has haa been so BO frequent that it awakens a very shrewd suspicion that while in government offices they undertake certain work in the interest of the banks and their receiving the high offices afterward is but a fulfillment of the contract on the part of the banks when mr leach was wa director of the mint he pretended to he be a a great friend of 0 silver ire he was riot not out of office a month until lie he was ile as rampant a irold frold man ax as la Is grover the good himself he declares now that the aggregate of gold shipments out of tile the country does not equal the current product of our mines and estimates the present years ilela of the united states gold cold mines at W 4 5 and looks tor for more from mexico british possessions and alaska hence he be thinks there li Is no cause tor for alarm in the tact fact that a small 11 europe shipments have been made to europe we predict that after the lot of oct october 0 for the remainder of the year the shipments vt hlll IN be equal to all aa the gold old taken from our mines As halt the gold taken from the mines la is absorbed in tile the arts it looks to us ua as though we would be losers by SIS at least but that Is not all why should we be turning over the cream of 0 tile the product of our mines in paying interest and dividends and for extravagant goods bought in foreign lands why should we not utilize our mines mince and acome independent of foreign lands between the bankers and the tree free traders the drain of our country Is perpetual and it seems impossible to rouse the american people to a a realization of 0 the real facts