| Show big mining boom in predicted new monetary policies spur gold prospectors denver colo mining alining authorities of the rocky mountain region predict 1034 1934 will see one of the greatest booms in in many years with government monetary policies lifting prices of both gold and silver to levels making for profitable operation of many mines long iong closed down production of the grejous precious metals is expected to leap to new highs already despite the fact that corn com ing in of winter nas held down activity official figures reveal a modest boom production totals of colorado mines for last year reports showed reached nearly in value a total far above 1032 A considerable increase in production of silver was recorded but gold production decreased slightly never th eless the fact the government bought the yellow met me talat il at high levels resulted in an increase in value of the gold produced tiie the goldbu gold bu buying ying order of president roosevelt resulted in one of the greatest prospecting rushes in state history and not a few of the thousands who searched the mountains for gold were successful there was charlie starr for ex exam im pie only a few days after the government order lie he revealed reven leI discovery of one of the richest lodes ever found in colorado almost at the grass roots this longtime long iong time tinie prospector and his partner george gilmore found untold riches the starr discovery located near mancos colo was only one of miny many in ill tile ripple cripple crock alimi let gener alli worked out jut long ago sev eral new discoveries were made in the district around starrs discovery dozens of new strikes were reported many of them apparently 0 sufficient value to make their owners wealthy effect of the boom was at once apparent receipts of newly mined gold at the united states mint here doubled and then quadrupled new capital came into the state to be invested in mining properties the silver buying order which lifted the price ot if the white metal to Ws cents an ounce was expected to have an even greater effect certainly authorities said it will provide tile the stimulus for many new mining operations pathy and solicitation this Is an unconscious evasion of responsibility relaxation was cited by the psychia trist as an ald aid to overcoming such conditions |
