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Show ' HOLDS INCREASE IfJ GOLOiESSEilL Secretary McAdoo Says Production Should Be Kept at High Point. In a recent letter to Delegate Sulzer of Alaska, Secretary of the Treasury Mc-A'Vo Mc-A'Vo goes on record in the statement that gold is the most needed war essential essen-tial and production must be kept to the highest possible maximum, sas the Mining Min-ing Congress Journal. In view of the I talk in some quartern that the mining of j gold is a non-essential industry, and in view of the enormous bur-Jens which are now beiiu- pla.ed upon that industry, by the increasing cost oi lar.or. supplies and transportation, and the handicap caused by the withdrawal from goni imnlns j operations, of much of the best help, j either by cull to the i-ervk-e or in re- I sponse to the higher wages paid in ether lines of Industry. This letter brings I much o:' encouragement. j Mr. McAdoo s letter was In part as fol- 1 lows: "At no time has this country so much required the largest possible production of gold as at the present. Net to ffjod and ammunition, gold is one or the most ' needed war tsenti.il.-. In oid-T to pir.u I i he enormous amount of govern mt-Mit bonds required to finance our war expenditures, ex-penditures, a large credit structure will Inevitably be erecte I on our told reserves. re-serves. And it is necessary t hu thfc reserves, which are tl.e foundation of the structure. s:;aU be :-..a:i:talned on the b:varu-si posM'le !:iS!t." ! ir.:ng i 'oi.gre.-s Journal fully agrees with Mr. Ma-Joo. 'Jold jiroduct:un mut ce kept up and failure to ktp It up v ill 1 m.:an a depreciated curren -v. it Is veiyl evident that artirV'i.t! stimulation will be I re-riired to kep t;ol 1 production at any- j th.!i Lk a hi'.i maximum. I'tdei s-omethin !s done to k-p th valuu of the product of the old rnlm-s in proper ratio wi'h t!.'- war time expense- of operation. I guld mlnir.: in this ''ountry wl!! cease cx- pt in tb.'e nnii'-.s where co.d lk a j by-prndu-'T. Minirs Confess Ji-urn-il .w!l j In d to know of some plan v. hit h ;1! prevent the u ttvr xtlii' tiori ot tl;e ! g''M mmi;u industry of the United States. |