Show GOLD SHORTAGE IS no NOW PREDICTED IT APPEARS that prof lionel D edic 0 the university of chicago threw a financial bomb into the national bustness business conference at babson paik nhen he predicted a gold shortage by 1935 says ys the denver mining and financial news As a matter of tact fact there is already a world shortage of both gold end and silver iver as Is evidenced by foreign countries using debased silver coins as currency seldom do we see a gold coin in circulation in the united states N no 0 doubt the boarders hoar ders of gold would quickly take them out ot of circulation prof edic points out that the rapid increase in business and the lessened gold output from the mines means th that t by 1935 there will not be sufficient g gold old in circulation cu to meet the world requirements there will be no gold shortage in ili the world it if the gold miner in the rocky bocky mountains is given a fair chance tp to develop these underground riches even a small small part of the nations wealth that Is being risked in the purchase ol of foreign bonds would immediately make available untold tonnages ton nages of gold ore in western mines let us remember that cripple creek Is only one tenth developed arthur brisbane in hi his s co column lumn ot or suggests that the gold from the sea water will prevent any shortage of the yellow metal he may also believe the moon is made ot of green cheese B bils is bane should aleain a little ot of our western mineral resources and he could do the mining industry some good when work Js Is not available in mining districts ot of the west the miners are comp eilea to go into lines 01 work wonc to make a living there Is not room tor for all in the overcrowded industries and un employment results there mere is an over production ot of farm products and all lines ot of business suffers from competition active mining camps would use up the excess bluesky blue sky laws prevent the finane ing necessary to keep the development of mining properties at top speed those companies that brave the red tape legislation are successfully financing and are employing labor and developing their holdings but their work Is only a fraction of the work that should be under way A gold shortage means a slump in the price of merchandise it may mean eggs at 10 cents a dozen and butter at 20 cents a pound the 10 shoes will sell at 5 and the 40 suits of clothes at 20 unjust laws that prevent the development of our mining industry may yet be responsible for hard bard times and national disaster there Is plenty plent y of gold in the ground to prevent the slump in prices and the hard times that are sure to follow but the miner must be kept at a t work developing and mining these riches or the gold sho shortage stage will be a 11 reality |