Show I d Output Is Object ct Lesson By Ira C. C Tichenor q Nevada Nevada's N vada s 's most important gold mines was closed e down and the pulled as the result of miners i days ago pumps I g a still further increase in wages In explanation of di f the 1 i general manager of the company stated U fe e operation of this property It t Is necessary to bring in each month I II tons of freight and express that comes from all parts of the United add materially to toi and tho the recent Increase In freight and express rates will rates will We Ve have e hoped for a 0 reduction In the price of ot supplies i I st t of ot I these supplies truth is they ti tf t taBt two years also improved labor conditions but the Instance on three articles alone month For i t To e almost every amounts t to 1500 per month fl first t of ot the year the Increased price lime About all other supplies company c these are power lumber and Increased proportionately In the past two years We feel that th under these confor conf confor con- con t t. t good policy to deplete our ore reserves further f for tor using as a basis the purchasing power of money money five years ago can o only y figure the value of our gold at 8 3 per ounce and silver at 40 J. J tsan Ounce at the present time 1 f Th This s statement possibly would answer for tor everY every gold mine that has been in inthis In this country during the past st three or four years and it probably w wp uld a answer answer for the action of still other mines which hereafter will be c sand and which will continue unless conditions materially change until Americas America's gold mining Industry once the greatest of its kind In the world 1 merely a golden memory j 3 l lIs It Is la to be expected of course that the process of readjustment now under way eventually will have a 0 beneficial effect upon the mining industry a asa a a. whole but It must go a great way before many of the gold producers 1 will wl l find It it profitable e to reopen their mines for tor silver sUver producers under of profitable returns There Is an assurance it necessary for tor the United States treasury treasury t e operation of the act making io pay to p y 1 1 an ounce for the white metal the lower cost of production and a no normal ormal al de demand nand for copper lead and zinc will regulate the prices of those metals tais but In the case of gold with the price rigidly set at 2067 an ounce thero the law of supply and demand will become operative there is no tope hope that there was little inducement to Even before re the big advance in costs develop purely gold producing mines because of the small margin of profit and now with the seeming certainty that the old normal norma wilt will not be reached if it ever the depression in the industry will continue for a a. number of years to to a a. greater or less extent |