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Show Aa "Man in the Strett" Sees Shortage cf Cold : Harvard professors are diilnf fine teamwork. One scares us half to death and the other comes along and reassures us. Professor (Say, . at the Institute of Politics, predicted predict-ed a serious gold shortage In years to come, unless there are some more strikes like Klondike and South Africa. Now Professor Carver says there Is no danger. There is plenty of gold In the earth, but not all mines can be worked profitably when gold Is cheap that is, when a gold dollar pur-chases pur-chases a small volume of commodities. com-modities. As the purchasing power of gold - rises It will become profitable to go after the gold in them thar hills. Thus the economic law will operate to provide the world with what gold It requires. Now If a third Harvard professor profes-sor would tell us how to muke that economic law work the same way for Individuals the picture would be perfect. Speaking personally, we have long been convinced that the gold shortage started soma before we were born. Sun Francisco Fran-cisco Chronicle. |