Jasper County Democrat, Volume 19, Number 2, Rensselaer, Jasper County, 5 April 1916 — OUR GOLD SUPPLY ENORMOUS [ARTICLE]

OUR GOLD SUPPLY ENORMOUS

$ - ► w Metal Starked in Nation’s Vaults Like Sacks in Granary. Our country has within its vaults as much gold as France and Russia combined—the two European na- ! tions that have striven the hardest \ to build mammoth hoards of the' yellow metal. It has as much as, Germany and Great Britain together, j with all the other belligerents, ex-• cejit France and Russia thrown in. j But that is not all. Ou side of; Russia, which produces less than one- j third as much gold as the United , States, every European country Is absolutely dependent upon the rest of the world for its gold supply, | whereas this country yields up from ! its own mines one-fifth of the entire, w orld's supply—or more than any j part of the earth, except South Africa. Last year we sucked in more than $400,000,000 of the yellow metal from the various nations that for years had been engaged in a fierce scramble for it. In our bank vaults, clearing houses, assay offices l and subtreasuries gold is stacked like sacks in a granary. The San Francisco mint alone received in seven months >.‘.0,'."0,000 iin gold from Australia, Japan and ! China. In four months more gold j flowed into the country than in all |of 1008, the previous banner year. | ilt would take the largest force of men that ever worked at one time l lust to pick out the gold in Uncle ,Ka ill’s treasuries. There if more of j it in the mint at Denver than was in the whole world 60 years ago. At one time the mii'-'/og held s'*oo,000.000 in gold alone. Ts gold is in any sense a financial protection, this country has massive bulwarks against the possibility of shock. Its bunkers are full to overflowing.—Saturday Evening Post.