Show MONEY METALS an increased production promotes the worlds prosperity the director of the minis statement of the worlds output of gold and silver during the year 1904 shows a total value of of the first named metal and as the commercial value of the white metal produced compared with the production ot 1003 these figures show an increase of approximately in the output of gold alone the united states increased its output about while south africa turned out about more than it did the preceding year from what is now known 0 the gold production of the present year it la reasonably assumed that it will exceed the output of 1804 at least A large proportion of this excess is coming from the transvaal mines where the monthly yield of gold has already reached the average of an annual production of if has been assumed by skilled that the maximum limit of anc gold mines of south africa is approximately before that figure can bo reached however a much larger number of laboris labo ahadi are now employed by these properties must be obtained and the labor supply there seems at present to be shrinking as tho number of kaffits working in the rand mines Is diminishing at a more rapid ratio than the importation of chinese coolies for the past ten years the world gold production has been unparalleled in tho history of mining it is estimated by the london bankers magazine that approximately pounds has bacri added during that period to tho worlds gold supply of this buia about pounds has been added to the worlds coinage and probably pounds has been used in the industrial arts the enormous volume of now gold which has beer coined accounts undoubtedly tor tho worlds increased industrial and commercial activity A large proportion 01 this increase has been obtained from tho gold bearing deposits within the jurisdiction of the united states and it has all found employment in the development of american industries As there are no elfina of exhaustion in any quarter in the sources of gold production but to the contrary strong indications of a future increase owing to the introduction of more economical methods of mining and reduction the presumption Is fair that the industrial prosperity to which the extraordinary gold production of the past decade has given birth be continued hereafter indefinitely tor gold is pt no unless employed and the field of its employment an fn the useful arts will surely expand cobre with the volume of the yield of the metal jn response to abo natural law of necessity |