Show A writer In the London Telegraph says that before the discovery in 1SS1 of the rich deposits near the present slto of Johannesburg the entire district dis-trict could harp been bought for 50 00 It was not until 1856 that the cle vplopmont of the Rand was methodically methodi-cally entered upon It was after that that the American expert Mr Hamilton Hamil-ton Smith examined the fields for the Rothschilds and estimated that the Rand would produce gold to something over the value of billion a dollars or would yield 50000000 annually From 1S83 to 18S7 the gold output of the world was 10000000 per annum the United States standing first Australia second I and Rusula third In 1S90 the worlds yearly output had reached about 115 I 000000 nnd In JSDG about 200000000 with America first Australia second and South Africa third In 1SOS I South Africa attained the first place as a ijoldproduclng region with an estimated estimat-ed output of the worlds total until reports of operations were interrupted by the war The ylold of the Rand In 1S99 promised to be greatly in excess of any former year When the war began be-gan more than 10000 whites and 60000 negroes were employed in the mines Alone anfl l JO Johannesburg had grown too to-o aclty containing nearly 1SOOO build > Inrrs with a nnnnln lrtn ponulntJon in WMu < nl 100000 The discovery of the cheap o VL I process of saving the gold In 1 rebellious The by cyanide made the Hand and It Is making the other gold regions of the world and they together with the northern discoveries make a pretty good promise that gold will almost cease to be a precious metal after a few years more |