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Show ""WAR 'TOOK GOLD FROM PUBLIC And Since 1915 the Production ef th Metal Has Been Decreis-ing Decreis-ing Steadily. The world situation of gold has 1 been the subject of much discussion j and speculation. The war has caused itie accumulation of gold in state banks and treasuries, and taken it away from private banks and the public. pub-lic. The holdings of state banks and treasuries have increased since 1913 from about 03 per cent of the total ft- ck to about S3 per cent. This has been compensated for by the Issuing of paper money, and In some countries the paper issue has been so far in excess ex-cess of the gold supply that a serious problem has resulted, remarks Scientific Sci-entific American. In 1914 the United States reported to have had S1.S71,611,723 In gold and $7"i3,5G3.709 In silver, and in 1919 $3,092,037,099 in gold and S552.GS5.G92 In nlver, an Increase of 05 per cent In grit. The production of gold has been steadily decreasing since 1915, when the highest point was reached. In that year the world's production of gold was $4flS,724,91S, of which the United Slates produced $101,035,700. South Africa about $1$S.0H0,000, and Australia about $50,000,000. In 1918 the world production was .$377,300,000, of which the United States contributed T0S,493,500, South Africa $71,000,000 and Australia ?2G,700.000. Recently the restriction on gold has been removed by the United States, and n decided movement has taken place. England has not yet raised the embargo on gold, because of the fear of depleting her gold supply, v-hich it is necessary to maintain at all costs. Remedial measures suggested sug-gested have included raising the bank rale to check exports and Increase Imports of gold. These measures, It Is asserted, would check the production of nonessential commodities and the tendency toward speculation which a low money rate encourages. Australia has placed the exportation of gold in the hands of a gold producers' pro-ducers' association, and they are permitted per-mitted to sell their gold for three months and thereby may procure a premium over the standard price. This move was apparently a relief measure calculated to offset the Increasing price of producing gold. There Is nothing suggestive of a gold embargo In Germany. On the contrary the country has begun to send gold to the United States to 'pay for foodstuffs and raw material, which latter she is sadly In need of. Germany Ger-many has cleverly maneuvered her gold resources, which France expected would become part of the indemnity. |