Evening Republican, Volume 14, Number 157, Rensselaer, Jasper County, 2 July 1910 — Greatest Gold Country. [ARTICLE]

Greatest Gold Country.

The largest gold-producing country is the Transvaal, where the output increased from $8,000,000 in 1889 to $133,000,000 in 1907. The Increase In the production of the Transvaal mines made during the year 1907 almost equaled the entire production of the gold fields In Alaskd. In round figures, the world's production of gold from the discovery of America in 1492 to 1880 was about $6,300,000,000. The entire world’s supply of gold could not have been in excess* of $6,500,000,000. The last thirty years has doubled this supply, and „If the present production Is maintained for another generation, it will double again, the National Magazine says. As gold has long been the world-wide standard of vglue, these statistics certainly suggest that the Increase in the production vitally affect prices. Our dollar can never have greater purchasing power than the exchangeable value of the gold that te te It The statement that we see everywhere in the papers that all prices are going up is a truth that could as .well be expressed In these words, "the exchangeable value of gold bullion is shrinking." Notice to the public: A newspaper reporter on the street is not looking for Jokes.