Democratic Sentinel, Volume 20, Number 48, Rensselaer, Jasper County, 4 December 1896 — Underlaid with Gold. [ARTICLE]

Underlaid with Gold.

Percy E. Marks, one of the proprietors of the London Financial News, one of the recognized authorities on financial matters, arrived in San Francisco last week on the Monowai. The paper Wits founded in 1883 aud is owned by himself and his brother, Harry H. Marks, a member of Parliament. This brother, previous to embarking in this London enterprise, obtained his journalistic ex peri' ace on American papers. Mr. Marks has been in Australia making a careful study of the gold fields in west Australia, New South Wales and New Zealand. As these mines develop, whieli they are now dolug very rapidly, he predicts a very remarkable Increase In the supply of gold, amounting, in fact, to a glut of the yellow metal in the market. The mines of west Australia are particularly rich and extern* ive, hut have the disadvantage of being in a country scantily supplied with wood, water aud means of transportation. But these disadvantages are being rapidly overcome. The government is extending the railroad which runs front Perth to Coolgardie on to Kalgoorlie, better known as Hoauuus, twenty-five miles, an extraordinarily rich mining region. The government has also asked Parliament for $5,000,000 for the purpose of laying 300 miles of water pipe. In many places drinking water sells for 50 cents a gallon. From here Mr. Marks goes to Cripple Creek to investigate the mining prospects there. His paper, lie says, lias always had a favorable opinion of Cripple Creek fields.—Los Angeles Express.