The Cass County Sun (Linden, Tex.), Vol. 57, No. 31, Ed. 1 Tuesday, August 2, 1932 Page: 3 of 8
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THE CASS COUNTY SUN
WORLD'S GOLD
i
Weighing Gold Bars In' a South African Refinery.
Prepared by National Olographic 8oclety.
Washington. D. C.) — WNU Service.
DISCOVERY of a Hold belt more
than 1(H) miles long and from
three to ten .miles wide In
northern Quebec, Canada, and
i lie recovery of the golden treasure
•of the Ill-fated steamship Egypt. which
lies on the lloor of the Atlantic off
Hrest, France, have recently brought
the precious yellow metal into the
world news.
Hardly a day passes, however, with-
■mit gold creeping into the headlines.
■One day a great nation drops the
gold standard. On another day anoth-
er nation adds steadily to its stock
of gold; on another a new mine is
discovered somewhere; on another,
unusually large shipments of gold
cross the Atlantic, the Pacific or the
Indian ocean.
Despite a universal interest in the
gold, the average man probably has
hazy Ideas of the actual amounts of
gold involved in world stocks, annual
production, and the incessant ship-
ments back and forth between coun-
tries. To a considerable extent this
is owing to the extremely small unit
—the "line ounce"—by which the
weight of gold is measured.
It will help visualize the amounts
of gold that figure In the world's
news, if we construct in imagination
a "super dollar" of gold worth one
hundred million dollars. This super
dollar will be a disk one foot thick
and just a tiny fraction less than 18%
feet in diameter. It will thus retain,
roughly, the shape and proportion of
the ordinary gold dollar, will contain
a trifle more than — T.~> 1/5 cubic feet
of gold, and will weigh a little less
than 160 tons.
Gold production statistics are not
available for the period covered by
the history of civilization, nor even
for the Christian era. But we do have
fairly accurate estimates of the total
nmount of gold mined in all parts
of the earth since the discovery of
America by Columbus. Let us im-
agine all this gold brought together
today at one spot and minted Into
our super dollars. With the aid of a
huge crane we can have these huge
yellow "chips" piled one on top of
another to see how high the world's
"stack" will reach. When 224 have
been put in place the supply of full
"dollars" will have been exhausted.
To bring the pile up to date, we will
have to hoist to the top as a cap-
stone, a half of one of our disks,
shaped like half a pie, a-.d worth
only $50,000,000.
World's Gold in a Column.
Here, then, in a sparkling column
18% feet in diameter and more than
221 feet high, would rest all the gold
that has been gleaned by myriads of
men 1n 440 years of toil. The column
would be about as high as a 20 story
office building, and would be worth
approximately $22,450,000,000. During
the past live years, a "super dollar"
has been added to this world pile ap-
proximately every three months—
about $100,000,000 worth of gold each
year.
But as soon as we have built tip
our imaginary stack, we must begin
pulling It down if we would represent
the current gold situation. For al-
though nlmost twenty-two and a half
billion dollars worth of gold has been
produced from 1402 to 1032, this Is
not the amount "In sight" in the
world today. Nearly half the precious
metal represented by our Imaginary
stack has been lost, hidden away, or
used up In industry, the making of
jewelry, the gliding of ornaments, and
the like. The total known stock of
gold money and gold bars in the
world at the end of 1031 was worth
approximately eleven and a half bil-
lion dollars. We must therefore dis-
card something like the upper half of
our imaginary stack of gold, lenvlng
only 115 of the huge disks In place.
This 115 foot tower of precious metal,
that we have built in fancy, repre-
sents the monetary gold of the world.
But again we must alter our Im-
aginary golden tower. At no time, of
course, has all the world's monetary
gold been assembled In one country.
The greatest concentration within
the borders of one nation occurred
In September, 1031, when the amount
of gold coin anil gold cast In bars
in the I'nited States slightly exceeded
five billion dollars in value. In the
I'nited Stales, then, there could have
been built, last autumn tin? greatest
tower of gold that it has ever been
possible to construct of the holdings
of a single nation—a stack of 50 of
our gigantic hundred-million-dollar
"chips." At the same time France
could have piled up 25 of the great
disks.
From France's sizable 25 foot cyl-
inder of gold, the national "towers"
of precious metal fell to very modest
piles. Grea* Britain, in September,
1931, could have built a stuck little
more than six feet high: she could
muster gold enough for only a little
more than six of the super dollars;
Spain and Japan, a little more than
four; Belgium, three and a half; Ger-
many, Switzerland, and the Soviet
Union, throe; Italy, the Netherlands,
and Argentina, less than three; In-
dia less than two; and Canada, less
than one. A striking fact in regard
to the gold holdings of countries is
that South Africa, which in the last
few centuries has produced an amount
of gold equal to the unprecedented
pile possessed by the United States
last autumn, held at that time less
than enough monetary gold to con-
struct one half of one of the hundred
million dollar disks.
Gold Supply Changes.
To get a vivid Idea of the changes
In the gold supply of the United
States, let us Imagine all the gold
movements of 1031, and half of 1032,
affecting the United States to be con-
centrated around this country's "gold
tower." At the beginning of 1031,
forty-five full super dollars would
have been piled one on the other,
while on top would have been the
forty-sixth golden disk with only a
tiny wedge missing. Gradually, net
gold importations would have built
the pile higher. Before the middle
of January the forty-sixth disk would
have been complete; by the end of
March there would have been 47; by
late June, 40 and by mid-September,
the tower's peak would have been
reached, with 50 of the super dollars
In place.
After the middle of September, one
of the heaviest gold exportation peri-
ods over experienced in the United
States set in. An observer at the
mythical tower of gold would have
witnessed feverish activity In remov-
ing the huge disks. In a little over a
month he would have seen more than
seven of the mammoth gold units low-
ered from the tower and carted away
for shipment overseas. By the end
of October only 42% of the super
dollars would have remained. Then
gold would have begun to arrive again
at the tower's base, from imports, and
the work of building would have been
resumed. By the end of 1031, more
than 1 1-3 of the heavy disks would
have been added to the tower, bring-
ing it to a height of a little over 44
feet.
As a final operation of the year we
can imagine there being hoisted Into
place a segment equal to about a
third of a super dollar—worth $33,-
000,000—representing the gold pro-
duced within the borders of the Unit-
ed States during the year, less the
new gold made Into jewelry nnd use..
In other Industries and arts. The
country's tower, then, after its marked
fluctuations, would have contained at
the end of the year, 44% of our super
dollars—roughly one and a quartet
less than when the year started.
Since the beginning of 1032, five
and a half more of the "super dol
lars" have left the United States.
During the latter part of June the
United States' gold stock had been
reduced to .'to of the 100 million dollai
units. At ll't same time Great Brltalr
possessed less than tive, nnd "rance't
pile had grown to 31.
During the past 18 years the col-
umn that coul'' have been built wltt
the stock of gold In the United State*
at any one tlnn, has arisen and fall
en like the mercury column of a
barometer
Here are
PRICES
th^t make first-choice tires
/ real BARGAINS
Full Oversize — 4*40-21
Ford
Full Oversize — 5*00-19
Chrysler Dodge Nash
$^72
Each
In pairs
THE best tire, regardless of price, is a
Goodyear. Don't take our word for it. Take
the public's. The public says Goodyears are
best—by a lead of 2 to 1 over any other tire.
And here are prices that prove that the best
costs no wore.
Every price buys Goodyear quality—a lifetime
guaranteed Supertwist Cord tire—marked with
the Goodyear house flag and Goodyear name.
Look them over, and ask yourself: "Why buy
any second-choice tire when FIRST-CHOICE
costs no more?"
Per single tire
Full Oversize — 4-50-21
Ford Chevrolet
S- 83
3
Each
In pairs
Per single tire
Full Oversize — 4.50-20
Chevrolet
3
79
Each
In pairs
Per single tire
$£89
Full Oversize —4*75-19
Ford Chevrolet
Plymouth
Each
In pairs
$463
4
Per single tire
Each
1 In pairs
Per single tire
485
Full Oversize — 5.00-20
Essex Nash
$.480
4
Each
In pairs
Per single tire
*495
Full Oversize—5.25-21
Buick Dodge Nash
5
82
Each
In pairs
Per single tire
$£98
Full Oversize
30 x 3*4 Reg. CL
Ford—Model T
3
30
Each
In pairs
Per single tire
PATHFINDER
S1X"PUES"T
You can count six
layers of cord here,
but the first two un-
der the tread in this
tire (or in any so-
called "six-ply"
tire built this way)
do not run from
bead to head. Some
tire-makers count
these as " plies,"
hut they ere really
"breaker strips,"
so we call them that
4-75-
" *6
16
Each
In pain
s6« Single tire
5.50-18
$AfO
Each
In pairs
$83* Single tire
<023
O Each
5.50-19 _
In pairs
sg48 Single tjre
A.OO-18 HO
I Six full pll«*
nnd tna
**brtak«r ttr ipt")
Sf ft&S Single
w tire
nop
pairs
+.60-30
[Six full plla
u nti two
"bf+ktr ttrip*")
10!
62
Each
In
$10« Single pairs
6. SO-If HO $
[Six foil plli
and two
"br*ak*r itrtpa'' J
$f ISO Single
^ tire
11
93
Each
In
pairs
HEAVY DUTY TRUCK TIRES
Size $f f
6.00-20 **Inp(lif,
116S
Single tire
30
Each
Size
!25
80
Each
In pairs
7.50-20
SZ6« Single tire
Size
8.X5-XO
36!
o
Each
In pairs
#37*5 Single,
5$14
'15" Single tire
Size
30 x
87
Each
In pairs
.'25
Single tire
Size
)l x
so
Each
In pairs
Size
34 * 7
S364° Single
35
30
Each
In pairs
tire
SEE TOUR LOCAL DEALER FOR THESE VALUES!
*
NOT ALWAYS WISE
TO TRUST "CHARMS"
Some Have Been Known to
Work Backwards.
Little Eva is the most superstitious
person I know. She wears an ele-
phant's hair ring 011 her linger and
carries a rabbit's foot in her bag.
She observes all the known cere-
monies for prevention of misfortune,
such as saying "bread and butter"
when walking with a friend and the
two nre separated by passing on op-
posite sides of a lamp post. When-
ever she is unwise enough to remind
the unkind fates that she has not
had a cold In a long time, she finds
that It confuses them a little if she
knocks on wood and it cripples their
efforts at revenge.
Recently she presented a friend a
rabbit's foot for her protection, but
It played her false. Shortly there-
after the friend was in an automo-
bile accident, nnd had her scalp
ripped open for quite a space. lint
did this disaster shake Kva's faith In
efficacy of rabbit pedals? Not at nil!
She had two explanations ready in n
moment. One was that Inasmuch as
she had not killed the rabbit herself
she could not he sure that It was
the left hind foot. This is the only
foot that has any real nuiglc In It,
hut commercial dealers are not care-
ful to ascertain the original location
of the amputated foot.
The other explanation Is that
.. v,, two contrary signs, and
perhaps in this instance the rabbit's
foot worked backwards. You just
can't trust magic not to reverse itself
for some people. Take four-leaf clo-
vers. To the vast majority they bring
good luck, but to little Eva they
bring Illness, disappointment and dis-
aster, and she would sooner pick poi-
son ivy than the treacherous clover.
Then there are the terrible black
cats, the sight of which Is fraught
with disaster for so many. With
little Eva the omen reverses itself.
She Is a cat worshiper and has raised
dozens of black ones. She became
so used to their criss-crossing before
her that it established a sort of im-
munity. She discovered It once when
a black cat saved her life. The an-
imal ran across her path and she
stooped to pet it just before two au-
tomobiles crashed together and piled
up on the sidewalk at the exact spot
where she would have been pnssing
If she hadn't stopped to pet the cat.
Our office boy is not so lucky. The
last time a black cat ran across his
path he had four flat tires before the
day was done. True, the tires weren't
so good anyway, but they would have
held up very well If It hadn't been
for the cat. He has very bad luck
with brooms, too. Every time he is
hit hy one he gets nrrested for some-
thing. Once when he was sweeping
out his fnther's store, he hit a friend
playfully with the broom. "Oh, don't
do that." the friend cried, "I'll be nr-
rested!" And within 24 hours he
was riding to Jail In the Black Mnria
for speeding. Little Eva says It is
a sure sign and that one reason she
hates housework Is that brooms are
such a menace. Tha vacuum cleaner
hus helped to keep some of our best
women out of jail. Eva thinks It
would be a smart idea for all police-
men to carry a broom with which to
hit obstreperous gangsters.
Down in the island of Haiti they
have a sweet little custom that Eva
is thinking of adopting. They make
an effigy of their enemies which they
torture with good effect. In order to
make the torture effective they must
get a piece of their enemy to paste
on the effigy. A hair from his head,
a paring from his toe nail, or even
the dirt upon which he has spat is
sufficient. The witch doctor then
puts a curse on the Image, and all
that Is necessary is to stick n pin in
the efligy in the exact spot where you
want the enemy to hurt. The only
trouble Is that It doesn't work so
well on Americans. When the Unit-
ed States marines went to Haiti the
natives made countless etligies with
which to torture the intruders, who
guffawed loudly at the spectacle, and
never had a single pain. This would
argue that the enemy must he pos-
sessed of a lively belief in magic be-
fore he could he discomfited, but !• Is
worth a trial.
No matter how much common
sense people have, few of them are
free from some form of superstition.
There are those who swoon if they
sit down to a table that has thirteen
round It. Others can't walk under a
ladder without falling In a tit, but
Eva Is the only one I know who be-
lieves In every form of balderdash In
existence. Even when the rabbit
foot slips It has no effect on her be-
lief In charra^jor her vivid respect
for ToodoolsnLMstndianapolls News.
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Banger, J. E. A. & Erwin, W. L. The Cass County Sun (Linden, Tex.), Vol. 57, No. 31, Ed. 1 Tuesday, August 2, 1932, newspaper, August 2, 1932; Linden, Texas. (https://texashistory.unt.edu/ark:/67531/metapth341517/m1/3/: accessed March 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Atlanta Public Library.