| Show 21424 TONS OF GOLD DUG Since Columbus Discovery Over 12 600000000 Has Been Mined Since Columbus found his new world 21424 tons of gold havo been dug from tho mines of the earth Their value is over 12600000000 Of this vast total 19 per cent or nearly one fiftli of tho whole has been mined in tho last ten years 30 per cent or almost a third in tho last 20 years 41 per cent in tho last 30 years 64 percent per-cent in tho last 40 years and C8 percent per-cent or over twothirds In tho last half century Assuming that an Increase occurs lathe la-the annual output this amount will bo doubled in 30 years while if an annual an-nual Increase of 5 I per cent is ob tamed the doubling will take place In less than 20 years H F Van Wag enen predicts that as a result of tho creation in so short a time of so 1m mouse an amount of indestructible wealth as this a general advance In tho market price of all commodities may bo expected Interest rates will certainly decline Wages should rise for with this amount of new capital arising In tho brief period every department of human hu-man activity Is bound to bo stimulated and this will create an enormously increased in-creased demand not only for all those things that machinery and art can produce but also for those that can only bo brought Into being by human hands and human service |
