Show UTION 01 aw GOI D 0 the general public f 1 Is 1 slow to realize that gold and its Is affected wf by the aay high cost of living i fi just the same ww as the individual lor instance the u man with 2 an income of 2 faw in 1913 found on october 31 1919 that aw this income had automatically been 22 reduced in 37 pur chasing power to aar 00 in 0 terms of all commodities in other words ff 2 in actual gold wivi Wf was Vi only hiorth 7 a vwe 00 in comparison with its pur chasing power 7 6 years before abw the gold miner s cost of operation ua in producing gold has increased in proportion i o 0 to the s living costs but instead of getting increase w ea prices iv jf for his product 7 to ia offset this increased aw cost of production the gold miner still continues to re belve 20 wyit 67 a fine ounce ww for JV his gold the figure WWW established falt f several wa 7 hundred years ago at rhe result has been inevitable in I 1 w 1915 v the WW old production aff aas N 1918 it was down to 68 and this year it willi ia probably i be doan to 7 55 V 7 or 60 it has been impossible to increase a the price of gold without esy upsetting the standard tv of diey values throughout ff the world but 7 at least TW k satisfactory ay wyit wy iw solution a seems w to have found A f measure is being fw pla c ed before congress chich e provides ewy that a premium 7 y aff of 10 per fine ounce shall wr be paid to every jerown producing gold in the 7 united states t payments if to avi be made isey out ay iy of funds 7 to a be provided 7 by an excise tax of vs 50 cents pei penny weight V 10 per ounce 71 on the use W manu facture s oi sale w of gold awa in the united iff ff states w for other ay than coinage or monetary purposes in other ff words 10 an ounce 7 hould be added aviso to all gold used for commercial purposes w other ki than fahy ff hy making money fsr this a provide 70 a fund sufficient iv ilai for the sw sw government to pay w gold pro an additional y sy ww 10 an tewy ounce aw to cover their gread taw increased 1 cost of production cV iway w something ff aasin y must be done yaw nw as our z gold supply Is d sap iby waft at the t end of a 5 period wa if conditions r normal the lyv excise tax could be removed in the meantime ff gold pro would coay be wv greatly encourage ed fw in the t interest ff of manufacturer and gold t producer ww i alike this wy ques as tion y must sw be equalized a or the manu jia I 1 laa L aa iii waw fac A ill soon be out ii iiii of gold iv for manufacturing purposes avay tv and ay most of vyvy the pro lucers will w be w out of busl i a ness |