Salt Lake Telegram | 1916-12-29 | Page 10 | $8,000,000,000 Gold Mined in 25 Years

I SOLO GOLD MINED MINEO IN 25 EARS By 57 C Tt Tia o T. T 1 Nt rI f f fEW NEW EW YORK ORK Dec De 2 Eight n. Eight billion dollars do In gold Cod has b ben mined in the e last lt lt equal against t an twenty five years e eu tb the In the preceding amount amut th 40 years ea p l National City bank stated elated toda tod bk to- to The of the world hIS has doubled doubled dou dou- gold mone money worl h bled In gol the last wt twenty years yea yav yer te the one half in u e money has decreased one one-h te same ee period perio h cere The hank bank It was w said d. d was w Impelled ImpeDed to issue the statement because bUM of the exceptionally luG te high h b price of silver sn ver of which the United States Is I s now the worlds world's 8 largest t UnIte producer and J the lar Inflow O of gold d 0 of of which f this country Imported Importe snore more mor than th since sin the te beginning of t the The total wor world year 0 production of Id gold from the discovery of or America to t the te time e was in coinIng coin coin- present Ing resent ng value t the s statement said paid The gold old money of ot all countries of or the world wor for fo or which statistics were ere available ID tn im 1896 aggregated 1 00 20 a and 1 on January Januar 1 1916 sIlver allver mone money of the same se countries was ws in tn 1896 1196 and ad In n 1916 nn The uncovered unc er paper money oney of the countries In question t was stated f In fG 1896 at 0 00 and 1 la In 1916 1316 at Down Dow to 1585 the worlds world's gold Jold output never reached as much as annually annually an an- n Ogg y e in 1896 6 it t crossed 8 the line In 1903 O a and In 1908 for re t the J first Ot t time exceeded e l It I advanced steadily until It I o. o reached In 1915 2915 Sliver SIlver production first tint exceeded annually In 1880 and In 1893 1693 exceeded for the first fat time making its highest hIghet record in 1911 11 and ad slowly declining to In 1915