Show STATUS of THE GOLD OUTPUT aa who pros to hare mad a careful examination of ahe sourhea of the supply of gold claims in a current magazine that the worlds output of gold dair 1 ine iho will not aft than millions of dollars and that it is likely to bo tho greatest on record he is of the opinion that the production in the next two years will bo even larger each year than at the present but that because now discoveries are not keeping pace with the exhaustion of those mines which are now being worked in a tow years the output must reach its zenith and then gradually decline in commenting on this experts the new york financier says that should the prediction of tho economists expert prove true and the worlds production of gold reach the in a few years the earliest indications of a decrease in the output in any important locality will unquestionably bo followed by explorations of new fields and their thorough development through the most scientific methods for it is inconceivable that the tear of a decrease in supplies of this metal so essential to commercial prosperity shall be entertained without stimulating tho most effective prospecting enterprises and the employment of the most modern devices tor its procurement gold Is the only me 1 product which has everywhere a fixed value and to this fact is due the constant efforts of man lo 10 wrest it from its hidden sources it commands a price at the nani which full rewards the laborer for his toll and privation the profit resulting from converting the ore into merchantable metal encourages the establishment of the most convenient markets tor its disposal and the locality wherein it Is found Is soon thoroughly explored skill or experience may be necessary for its discovery but neither is absolutely essential for its extraction from its rocky or gravelly bed and when the metal has been found in paying quantities such is he perfection which has been attained in the construction of mechanisms for deep workings that these are developed so long aa there shall be traces of the treasure while chemical processes enable the metal to be extracted at a profit even from the refuse of the mines gold mining may be less profitable in some localities han in others indeed the expense of producing it liay be greater than tho sum realized and many workings may have to be condemned as worthless but gold mining will most likely coa to be prosecuted somewhere and in some way so long as the world stand and no material diminution in the supply will ever long be permitted without the stimulation ot efforts to increase production for the demand for gold is insatiable |