| Show DIARIMI UUJII A few dayq I age n dl I patch stated that some valuable bullion had helO bnugh to an assay olllce In Nw York It was claimed that the metal had been extracted from sea water and tint It contained ontthlril gold and wothlrds sliver the inventor ot the process by which the precious metals can be extracted Irm the Tne of the CKHitn Is said to IK Col lube II I Handle of Colorado Springs To u reporter the colonel BOlo the other day that every euble mile of ocenll mater contnln twenty six and n hair tons or gold In solution worth at the present market alue til C1IIOO There are over tell 1 Illlo In tons of gold In I the oceans The coi t or mining It Is I enormous though The ben or the pumps now In line In I Chicago Philadelphia anti other large Cities LOSts i J1S0090 each lilt It would take theme n hundred ears to raise one ullc mile I or water U would require I i tl I eight or tin lit to handle that I amount of I water In twelve jar und 1 I half The Jabot would Cast SlSTMOl III the sime I period but the Proceed would be il 11 J qA7AW > WmmrWaosu < J til I00 A plant containing 1M sets 01 pumps eight In rah set would cost Including labor during twelve Years and it half 307rix > < vw It would proelno 2C50 tons or gold worth JtTSllJOOM and give a balance of 41160000 I I or a Yearly Income of IHlCCWW Col Halldlsa scheme In I not viewed with much favor even by those who do not pronounce It the rodlict or o Iud I-ud Imagination Were It to he realized a financial revolution nould eult the effects of which would U felt mostly by those whose WMlllh con slats In money old and silver would Lme practically valueless unless lie mining were legulaled and adjuster to the lIed or the Country But a financial panic on account 01 the 01 Imrnlneut leged new discover Is probably rot 1 |
