Show u I Mining Matters J o. o 0 1 rr r p m l Ll HAS liAS HUM Flit ADVOCATE IN IS 1 GROUP Ban Francisco California The California The development development devel devel- development and utilization of the worlds world's natural resources is a measure of the degree of the tho worlds world's civilization When peace comes mineral products product and particularly particularly particularly par par- metals shall restore the orderly or orderly or- or derly processes of civilization and reImburse re reimburse reimburse re- re It with the energies lost in the tho fateful war Metals will wm be bo the reagent power for human good and their service will be worldwide because of their world use says Philip J J. J of tho the Broy Laboratories Gold and silver sliver the tho platinum group tungsten tungsten tungsten tung tung- sten and magnesium are some dome of or the most valuable metals for the tho improvement improvement improvement improve improve- ment of world conditions Thinking of a world that may emerge from the miasma of torture thinking of our own beloved belove country America wo the largest of the peace loving nations can be bo the force to bring about an international international In International in- in understanding that will lead to world peace and develop a unity unity un WI- ity that will make the most of the tho natural natural natural nat nat- ural resources existing the world over Money is defined as a Po medium of ot exchange a measure of ot value and la Ia Important to o world economic conditions conditional to establish international trade Nations Nations Na Na- must come to agreement on standards standards standards stand stand- ards of value to o facilitate just settlements settlements settlements settle settle- ments of or financial relations The use of metals for money extends back to early history Silver was used as a money metal in Biblical times gold as money was used by the ancient Egyptians A standard of values of gold and silver must be established and must remain constant Otherwise fluctuation in the tho value l e of monetary units will create i I I disturbances in settlement of commercial commercial commercial commer commer- cial transactions Several countries oC of atthe the Orient and South America favor the use UKO of silver as a a. money metal The Tho population of ot these countries is about one half of the population of the world or more When peach comes we In America will have the great opportunity to de develop develop do- do our commercial relations with tho the Orient and the South American countries coun coun- tries but In order to facilitate these international relations it is necessary to adjust the monetary values and aud es establish establish es- es the rates of exchange The Tho price of silver must bo be adjusted to the price of gold From A A. A D D. D 1687 2687 to o A. A D D. D 1872 a period of years the price of one ounce of gold was about 14 to 16 ounces of silver The writer firmly believes that bimetallism bi bimetallism bimetallism bi- bi and tho stabilization of tho the price of gold with the price of silver atan atan at atan an honest ratio will wUl help the silver producing countries to have equal standing with the gold producing ng countries countries countries coun coun- tries and will greatly benefit benet the currencies cur- cur of China India South America and other countries A substantial Increase increase In Increase in- in crease in the price of the hard money metals must be made The realities of oJ the present must displace the tho er past or be because USe 1939 1039 th there re has been Leen a rise In the tho cost of living in tho the United States from about 20 per cent to about 45 per cent Production costs applicable app to mining have Increased proportionately pro- pro This should be taken do consideration seriously in fixing the price of of gold and silver Serious thought should also be given to the reduction of our national debt and if 11 the price of gold and silver should be bo established upon International fixed agreement a certain percentage of the increased price should be assessed assessed assessed assess assess- ed as os government Income which win will help debt settlement of other nations nation producing gold and silver i The adoption of a universal monetary system with a fixed price by agreement and maintained by all nations nation will Inaugurate inaugurate In in- I a a. new era In I trade Talk silver sliver demand silver sliver sal aslI for silver I |