Indianapolis Times, Volume 41, Number 257, Indianapolis, Marion County, 7 March 1930 — Page 5

MAR. 7, 1930

WORLD FACING GOLD SHORTAGE IN 50 YEARS Production Peak Is Past; No New Discoveries in Last Decade. Bo United Prt*i PARI3, March 7.—The world is moving toward a gold shortage, and within fifty years there may be a scarcity of that mineral which will make it rank with platinum. Peak of the world’s gold production was reached fifteen years ago, and since 1915, when production totaled $450,000,000, it gradually has dropped until last year it totaled only $415,000. * Gradual working out of the mines and hoarding of gold by banks and by wealthy families in countries where banks are not general, are blamed for the shortage. No fresh discoveries have been made In recent years, and the old gold fields are being worked as much as possible. The national banks of France, the United States and Britain hold a large proportion of the world’s gold for bullion purposes, but India has, during the last ten years, absorbed a vast quantity of the metal which she is now attempting to disgorge. Indians use gold as a bridal gift or as a dowry, and the gold is hidden away. These hoards seldom come out, and are constantly added to. Rulers all through the east have enormous masses of gold piled away. Twice the amount of gold goes into jewelry today as in 1910. ANCIENT EGYPT TOMBS GIVE UP THEIR SECRETS Important Finds Arc Announced by U. S. Scientists. Bo Unit'd Prc** CAIRO, Egypt, March 7.—Excavations of the University of Pennsylvania expedition near the pyramid of Meydun have disclosed some of the most important finds of file year, an official communique announced today. Among other discoveries were a “mastaba” —an ancient mortuary chamber—3so feet long and 180 feet wide, which was once built in three tiers, stepped like the nearby pyramid. Twelve rock chamber tombs containing 101 mummies, were also uncovered. The mummies are piled in layers, and a number of coffins indicate that prominent citizens, probably living about 1500 B. C. were buried there. GET LIBRARY TRAINING School No. Z Pupils Given Weekly Instruction in Use. Practical instruction in use of library reading room is given pupils at school No. 2, located near Central public library. Forty-three pupils of 4-A grade go to the library for one <period each week under direction of Mrs. Bessie Williams, teacher. On Thursday another class, directed by Miss Florence Qulgg, makes the trip. Mrs. Williams has found boys prefer books on airplanes and girls like adventure and travel. TAFT IS HOLDING OWN Former Chief Justice Is in No Immediate Danger. fit/ l nitfd Press WASHINGTON, March 7.—William Howard Taft is in no immedi- - ate danger, it was indicated here today, although the former chief justice still is critically ill and no hope is held by physicians for his recovery.

Men’s Strap Watch Special Complete With Mesh Band si 2^o Manish. Plain $1 A Week! “CEREMONY” Wedding Ring Make the ceremony ’ %,'ttSZ Diamond Solitaire white *old net! dine t —Brilliant Diamond of ex- . rln*. >Lany lovely oeptional beauty set JPf patterns. Choice at.. 18-kt. solid white gold. llsg\bur Crefi^- r { —trust Yon WINDSOR JEWELBmOHIftNt 135 N. Illinois St. Lyric Theatre Bldg.

Lord Gladstone Is Dead; Son of ‘Grand Old Man ’

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Last of British Statesman’s Public Activities Was Defense of Father. Bv United Press LONDON, March 7.—Lord Gladstone, 76, son of the famous Victorian statesman, W. E. Gladstone, England’s ’’grand old man,” died today. Lord Gladstone’s last public activity of moment was his noted defense of his father's memory, in a libel case brought by him two years ago. His defense was successful. Without his father’s career as a guide, the life of the late viscount would have been notable. He was a parliamentarian, a cabinet minister, and the first governor-general of South Africa. He was born at 12 Downing street, the residence of the chancellor of tlie exchequer, In 1854. Tourist Ship Battered In Storm Btt United Frees CANNES, Fiance, March 7.—The lifter France, carrying many American tourists on a Mediterranean cruise, reported being battered by a storm after leaving this port for Algiers, and proceeded slowly to Toulon with a damaged propeller.

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FIGHT RIGHT BACK WITH PEBECO The war in your mouth never ends. If unchecked, the mouth acids attack the teeth crevices incessantly, until painful cavities start. But just rally PEBECO Tooth Paste to your aid. Pebeco not only cleans and whitens but actually neutralizes these destructive acids. The result: Sparkling white teeth, safeguarded... and you're glad that you tried Pebeco when you found ordinary dentifrices so disappointing. Start giving your teeth Pebeco’* help today.— Advt.

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THE INDIANAPOLIS TIMES

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