People's Pilot, Volume 4, Number 26, Rensselaer, Jasper County, 14 December 1894 — GOLD HAS THE CALL. [ARTICLE]

GOLD HAS THE CALL.

English Capitalists Continue to Seek for Gold, and Gold They Must Have. London, which gives the world its cue in the money sense, continues to show a decided preference for investment in gold mines. There are now in this state, in close touch with the producing gold mines, more than one agent of London syndicates. They are here to buy on a fair basis, provided the property can stand the usual tests of expert examination. But these London men are not tenderfeet. Their pedal extremities have been somewhat toughened by investments in this state, in Montana, Utah and the Black Hills country, and they are better posted upon the chances and risks of mining in this section than are many residents of Denver who deem themselves au fait. The willingness of these syndicates to invest, and to pay all the property is worth up to date —not, however, to discount the future—shows how well Colorado stands in the London market. It should stand equally well in New York, and doubtless will when the moneyed men of that center get over their fright, and conclude that a gold mine in Colorado is a more rapid road to wealth than 5 per cent, rents in New York city. Gold, however, is on the upward turn, so to remain until the money policy of this world is reversed. In all but three capitals of Europe it is quoted at a premium, while the supply in the Bank of England, the world’s reservoir, is let out only as fast as it flows in. Hence there is a rush everywhere for the development of gold. South Africa is responding liberally. Ausstralia gives great promise, but the Rocky mountain country has the steady growth, with an increase in richness as depth is attained. Colorado’s $7,500,000 in 1893 swells to at least $12,<400,000 in 1894, with the large low grade reserves of Cripple Creek, La Plata, Boulder and the San Juan counties as yet only sampled by indifferent mills, which save about 50 per cent, of the

actual value. With the beginning of 1895 chlorination, cyanide and concentration will make themselves felt, and the dream of the most sanguine will merge into fact. Keep your eye on Colorado as the great gold producer.— Denver News.