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Show GDlDQUESTlDiflS ! HELD AS llllj Editor of Mining Congress Journal Says Issue Relates Re-lates to Credit. i Payment of Interest in Yellow Yel-low Pvletal Becomes Matter Mat-ter of Great Import, !' I:; vn-y :it.r'M-nnMr that, th- first lmpr.-.-,r ion si.tnif -J bv t!i.-. "f t!K' uivux.i-H, i-unc.-rniiiir K " ' 1 1 I"'"'1 ''cnn l-Hcit l-Hcit it is primarilv Intend. "I """ lil. uf the n.,M produc.-iv. As a matt, r of f-i.-t, its par; mnt intcrc-i. Ii"a In tl"' HUcMiuli of 111-: .ujaintcnrin.'.: of the li.'i-!'-ii; credit. Comparative Figures, j At Ihe l.ftrtnitinpr f Hi- Hi" I'f."-'.-:( of lh.' I ' Iiitr-1 SCI t'-'i lUiHUinl'-d lo apprnvinmti Iv on'- and ' hree -nua rt T billion . i.f d-iH-i'i. At ike present t i i i -r U r- ir.rnw hjtve i n , Tf-;i sc. I to slightly c.v. r tl l.illir.i.s of dollars. In th" year !,; i j infernal i-'Vcihic JMVfM of l ho I i.it.'l .si:i!---s pn.din-ed S:: II, (Mi. '"iii. fn I'M : i ii ( ri'im I .Mi kt Nixes a i nut i n I cd i.i V-,','1, ,wm, In i:H;i 1 In- hank clearings clear-ings ui' tin- I'tiilf-I States amounted In T ;;;,,.' ". In f'17 Uh- h'.uik - lv,ir- hit: r- .':-i;i. in- i.Oiin. rlim. TIicm- fityes :;lnnv tn;it. I h" ratio of burden upon Hi'1 fjn!il Mo.-k f tin mutiny Wits the S'uiio, prftonlon;it-ly. In IH 1 7 a.i in 19!::. It. pn.h.-i.l.ly tni" that hy the. lime the war cvpe-nso ha.-i hrcti cared for. v.v shall have mm red not less than 5 '.".. 0 0 . fitji. 00f" of bonds, IIia principal and interest of which are pavabbv hi sold. This will call for tho payment of approximately $ 1 .nnO.uOO.OUO h initial) v hi Interred, lo say nothlnff of a proper sinking fntnl for the. final ivdemp- linn of these homis at maliirily. Is There Gold Enough? Then; H no f 1 1 1 s I i o 1 1 a if tho fi a;i iviat ahililv .if tin- Unhid Stat.-; lo inert these ui.l!u:it)oiiM hi p,i.kI;, in.) things money will hnv, hut ur may well consider wh. tli-r then; will he. su I't ieicn I sold and this (pinion will be parti-ularly sippar-cn sippar-cn L when uld is anain permitted to re-sumo re-sumo ils proper I'midion in th--? finances of th- world Mini made: available not cnly io hf-ltlf I'orelfiii balances. ht:t lo respond lo tlm premiums which foreign ruunirio.s must li-.Tesnarily pivo in order to n-plriiis)) llicirKold i-eservr.s. Trnr, tiio J't'ilorsil rc:-M-'rvo hankiiip- s stem is rplendioly adapted m rare for su-'h an eniprf,'t'tu-". hut it is :dso trno that just to the extent hy wliien tho 1 "idled States possesses more Ihan it-; U.-Ulal share, of I ho world's pold re-Merve, re-Merve, just to t hat. extent w i It foreign n.'itloii.M he fen.-ed to hid sueh priee for sold as will adfl lo thir cold reserves and piistniii their ualioiml tudit. The price whicli will le rfpiired to take t li r. trold from us will he mom I ha it its coimu-.p. value; whieh means that gold, all of the world's cold, will l e at ;l premium. When that, time comes cold mining --ill j'ain ho profilable and Iho treat con-sterna con-sterna t ion wilt be with those whoso luck of foresight, has permitted Hie sold mining min-ing industry to be, crushed. |