| OCR Text |
Show FLOOD OF GOLD IS PREDICTED. Will Yellow Metal Ultimately Become Too Plentiful as Money? Will gold ultimately becomo too plentiful for o ns money? Somo per-sons per-sons think It will. Tho world's gold output wns $254,000,000 In 1900, $202.-000,000 $202.-000,000 In 1901, $295,000,000, In 1902. $325,000,000- 1903, nnd $350,000,000 in 1904. It .will bo $400,000,000 In 1905. How do wo know that tho $100,000,000 mark will bo reached in 1905? Decatuo the chief gold fields of tho world aro moro productive thus far In 1905 than they wero In 1904. Inst jenr tho United States led nil tho countries, with nn output of $80,000,000, accord-Ing accord-Ing to a writer In Lesllo's Weekly. This year wo nro breaking all tho records rec-ords for this country. Tho world In 1905 1b producing Just twlco as much gold as It yielded In 1S95, when tho Ncbraskan, In tho Chicago Chi-cago convention, stnrted his littlo financial reign ot terror Tho "scram-bio "scram-bio for gold among tho nations" which he dwelt on then has ended. ICvory country In tho world which offers of-fers tho right sort of security can got all tho gold theso days that It needs, except perhaps Russia, whoso credit Is hit hard by tho Japancso war nnd by tho menaco of civic cataclysm. Tho Ncbraskan's own country has moro gold In 1905 thnn It can mnko profltnhlo iiso of, and Is lending It to every country which asks for It. Half n dozen countries havo dropped silver sil-ver slnco 1898 nnd hnve adopted tho gold standard. Mexico did this In April. 1905, Every great nntlon In tho worldls on tho gold IibrIs to-day except China. Every smnll country Is on tho gold basis except half n dozen of tho minor ones In Ittln Amertcn, Asia and Africa, which do not count In tho world's affairs. |
