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The wellâ€"known story of Midas reâ€" minds us that there are exceptional circumstances which contradict this generalisation. Gold was, for example almost the last thing which Robinson When <weitalk about "gold" today it is, of course, monetary and finanâ€" clal problems that we mostly have in mind. The "man in the strset"â€" parâ€" ticularly in Lombard Street, Threadâ€" needle Street or Wall Streetâ€" is apt to regard "gold" as synonymous with money, or at any rate, as the basis of all "good money.‘"‘ There may even be some who are still infected with the old bullionist heresay and identify gold with "wealth." Let me be careful. Gold is wealth; under alâ€" most every conceivable cirecumstance the possessor of gold can exchange it for something he desires. purely aestnhnelic to the séverely ut itarian. Primarily, no doubt go was and is desired because it glitte If <che proverb warns us that ": that glitters is not gold," it still r mains true that gold glitters beyo: other things. Gold, moreover, has a ways been relatively scarce, and sca city, as the pundits teach, is an in portant element in value. Then go possesses certain attributes which ha given it preâ€"eminence, both for t} manufiacture ¢of ornaments and ol jects of art, and also as a medium â€" exchange and a common denominat of value. Among thess I only me: tion in passing malleabilityâ€" it easily worked; its high specific gr: viUty; its almost unigque insensibilit to the action of natural agentsâ€"i insolubility in water and its resistan« to cold and moisture. In all age: ong people a development,‘ and this universa are obvious r purely aesthe itarian. P was and is d other ""A»~CrO Sarikry SH11ET "" Surevr SEFcorpd other Licle anci star evel refc tle All ێTY Gold Unmatched in Power Over Destinies of Humanity a}J as Caused Great Upheavals Gold led to the Discovery of er. _ Has Special Qualities Metal Known. Ame ial t 1t hC mill¢ eare ollov Ne the Min it Northland Moter Sales 18 Pine Street South Tim ALT H W eve »l1d H1i Announced June 28th 11 rive it / | _A famous singer was making a proâ€" ‘fessional tour round che world, and |halted to give a concert in the Socieâ€" ‘ty Islands. The terms of her engagsâ€" ‘ment specified that she should reâ€" ;':eive a third part of the receiprs. bargain was duly fulfilled; but ‘whas was the singer‘s embarrassment ‘when she found that her share amâ€" icante:i t> three pigs, twentyâ€"thres 'tu' keys, fortyâ€"four chlukens five thouâ€" ’:and coconuts, besidss considerable |quantities of oranges, lemons and banâ€" lanas. At ‘the Halles in Paris those {ccmmodities. as the lady pointed out. would have fetched 4,0090 francsâ€"not inadequate remuneration for the five songs given by the primaâ€"donna. But what was she to do with her fee in ‘ <‘he Society Islands? ! Gold (and silver) have helped manâ€" kind to a solution of these difficulties.. Barter is, however, the primitive mefi thod of exchange, as most schoaolâ€" boys (unconsciously imitating savâ€" ages) have discovered. Even savages have discovered. Even savages soon soon discovered the inconvenience of barter and adopted a rough sort of, currencyâ€"shells, or glass beads, â€" or red fea‘hers, or what not, to serve as an instrument of exchange. The Greeks of the Homeric age used oxâ€" en; the Russians used tea; the early colonists of Virginia used tobacco. Anything will serveâ€" on one indisâ€" pensable condition: the commodity must be an object of universal desire; it mus; ‘at any given time be univerâ€" sally acceptable. , The metals were for this and many n the Ca A merica Unmatel An Embarrasing Fe: mous singer was makir Listen to tHE NaAsH Parape or ProcRrEss and Max Bendix, Official Bandmaster of the Chicago 1933 W orld‘s Fair, and his Band. Coastâ€"toâ€"Coast, T uesâ€" day Evenings over NBC Network, 9:00 Eastern Daylight Saving Time Ar ust nink , Says hed by Timmins al Clever Dramatic Cartoonist on Closing Night of Chautauqua ‘ower Aumanity eer of Humanity.| Says Titled Writâ€"| d by Any Other; mm n im m mss on * % £ 4 $ CA ( I l A !:~ Di Inmto tAhf seciu l y » Y !» U generally 2AX 11} The blunder the A L 4 8.A a n exa@aiting g3iq 1« T 4 | aDove Ail Othgr forms | t thsir blunder was | 4 in ) Y W a t ) * e | Cloa 4 L2 € 1 Â¥ V Â¥ 4x 9 4 » '1; :‘. llnm ’.: »A. (\\ in d | tA 4 I »’ :1{ o l‘\ [ ‘]'l }‘ | 4 4 t + 1 . CA O 4 is C WV A o2 d +% 1 64 k «JÂ¥ j only is gold "money‘| $ w % 4 1 } Co ~LHJTITL :A 1 ! O .1 1 ns, «DtA i | e 4 ¢ m } t meCdiuUum CL j t ¢ # 4 I 11 . a t v 11} | | I i one h: id tha‘t | 11 of Humanity s Titled Writ vy Any Othe; not less directlyâ€" for the constituâ€" tional revolution of the seventeenth. The king could no longer "live off his own." Even Queen Elizabeth, parsiâ€" monious as she was, was compelled .to draw upon capital: in the last five years of her reign she sold crown lands to the value of £327,000, and incurred £©400,000 of debt. Her exâ€" travagant successors were compelled to have frequent recourse tb parliament for the expenses of the government; and in return for their assistance parliaâ€" ment extorted the contessions which made the Stuart period memorable in the constitutional history of this counâ€" The enthusiasm excited by the great discoveries of the sixteenth century was mainly due to the fact that they promised Europe an enlarged â€"supply of the prrecious me/fls. Ths Spanâ€" lards, as Adam Smith cynically reâ€" minds us, took possession of the West Indieés avowedly with the "pious purâ€" pose of converting (the inhabitants) to Christianity," but really in "*":he hope of finding treasures of gold." All the other enterprises of the Spanâ€" lards in the New World, subsequent to those of Columbus," he adds, "seem to have bsen promoted by the same motive. It was the sacred thirst of gold that carried Oveieda, Nicuessa, and Vasco Nugnes de Balboa to the Isthmus of Darien; that carried Corâ€" tez :o Mexico,; and Almagro and Pizarro to Chili and Peru. . . . Every Spaniard who sailed to America exâ€" pected to find an El Dorado. Fortune too dia@, upon this, what she has done upon very few other occasions; she realized in some measure the extraâ€" vagant hopes of her vo:aries; and in the discovery of Mexico and Peru, she presented them with something not very unlike the profusion of the precious metals which they sought for." To Spain these discoveries provâ€" ed a doubtful advantage, or, as some insist, a positively fatal endowment. On that question I must not embark. Political Consequences How did the "profusion of the precious metals" affec; Europe in genâ€" eral and England in particular? None can doubt that the sharp riss in prices, consequent upon it, was largely responsible for the social disâ€" location in England in the latter years of the six:eenth century, andâ€" Besides, you cannot stamp diaâ€" monq‘s. If they were used as currency you would have to take their value Ion trust. With a gold coin you ‘get an official guarantes of valueâ€" so lfar, w. least, as authority can give anything "value." Authority is‘ inâ€" deed, far from omnipotent in this resct. The exchange valus of gold varies like the exchange value of poâ€" ‘atoes. But the variations are less rapid. One of the reasons why gold has retained its pride ‘of place among the metals used as a currency is its relative (not, of course, absolutgp) staâ€" bility. Yet even gold Fas at different imes, fluctuated rat*er violently in value. ]ather reasons, commonly used as monâ€" ey; but of all thse metals gold is inâ€" comparably the most suitable. It is, as I have said, universally dosired: it is useful for many purposes besides currency; it is scarce; it possesses !high specific gravi:y, and, therefore, is valuable in relation to weight and bulk. Consequently, 1s portable. This is a notable convenience. You can easily carry £20 of gold in your pockets; less easily £©£20 of silver; of copper would be a nuisance: £20 of lead an impossibility. But why not diamonds? You could easily carry about with you <£5,000 worth of diamonds; I understand <that som» pzople do. But gold has this advanâ€" tage over diamonds as currencyâ€"you can cut up an counce of gold into portions, and the aggregate value of the portions equals that of the orâ€". iginal lump. A fine diamond cut in:o several bits would lose a largse amâ€" ount of its value. | Here is a young genius who presents a serioâ€"comic entertainment with unusual electrical effects, mammoth easels, featuring demonstrations of concentration and visualization. Audiences are thrilled with his programme and always go away feeling that there was "nothing dry but the chalk" during the entire evening. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Then came (41848) the fresh gold disâ€" coveries in California, and three years later in Australia. The annual proâ€" duction of gold, which in the second As prices rose rapidly in the sevenâ€" teenth century, so during the earlier part of the nineteenth century (1810â€" 1850) they fell rapidly. Gold was again the criminal. Between 1810 and 1840 the shortage in the supply of the preâ€" cious metals is estimated to have amounted to some 40 per cent. Down came prices. try in a cabinet of rare beauty is combining ~quality and value reree s 4 \{}) 84 #4 p} *\ «n e ues /.....;.......-e.« .X § * »,, * * **rihranpr s °* * CE .4\:,15. ® 4 We % ts " C $ 4 P Ne PA N N 3 4 s # # )kl’\l ¢ piCcic wWiIll} [UDCS . . . anid ([n€ bup(’r (Ol’!{fl)i lUbCS * % ('!(‘(”‘,"d.\'-'id”l!k 5,;;]‘;]!('\_,( {1,"'.4/ fddl“ eVveT bu‘l(' ()nly speaker .. . increasedâ€"range tone complete with tubes. Easy terms. «scP VlCTOR RADIO VICTOR TALKING MACHINE COMPANY OF CANADA LIMITED â€" MO As for the service rendered by gold to the arts and crafts throughout the ages, no Londcner at any rate need be at any loss. Has he not close at hand two of the finest institutions of their kind in the world? Let him then devote one afterncon to the British Museum and a second to South Kensington. If in adâ€" was dismayed by this menace to its trade with the east. Columbus, Vasco da Gama and the Cabots set out on their several and practically simultaneâ€" ous expeditions, all with the purpose of turning the flank of the Turks and finding a sea route to the east. Vasco da Gama found it via the Cap» of Good Hope. Columbus and the Cabots. missâ€" ed their way, but stumbled by accident on America. For accidental. though not insignificant, discovery, the quest for gold was again responsible. The Quest for Gold In the latter part of the fifteenth century all those routes were rendered precarious, if not absolutely blocked, by the advent of the Ottoman Turks and heir conquests in the Balkans, Syria, Palestine and Egypt. Western Europe and tian veal â€"the tinople decade of the nineteenth century was only 11,445 kilograms, rose in the five years (1851â€"56) to 199,388 kilograms, and in the next five (1856â€"60) to 201,â€" 750. But then came a decline. After 1850 there was a general rise of prices. but owing to the operation of counterâ€" acting causes it was comparatively gentle. After 1873 prices again began to with t lemand emplc nts it nd Tom aAaIs® 1d wit rhaps llowed ing dit afte Ame mus the vith Arab ps with T ed certailr Caspian e route; alestine, : routeâ€"fo urC the ire ved west ut Sst â€"not, 1 e relatic Other a: attentior befcre go xch De, t and ‘ards an a! their WAaAsS rrliest anging and e Tarshi ‘abia a i India ain we for AS ation betw _ aspects . the and the _ the auth “1 S an high Expect the Lowboy to give more selectivity, more sensitivity, richer tone, and finer allâ€" round performance because it is an advanced Superâ€"Heterodyne, featuring radio‘s newest developments . . . eight â€" tube superâ€"heterodyne circuit . . . superâ€" control tubes . . . electroâ€"dynamic speaker .. . increasedâ€"range tone For here is radio value built upon the solid foundation of greater performance, more apâ€" pealing cabinet beauty and finer quality than has ever been possible at the priceâ€"$119.50, complete with tules, wellâ€"e â€"Black N the grear popularity already achieved by the Vicior Lowboy, onss/anding value has been the dominant factor. Vaeilze, comâ€" bining performance, cabinet bkeauty and qualâ€" ity. The opportunity for radio buyers to get more for their radio doilars. however thority C ig the especi 1ish 0d and t zhly vi article as ever thc instrument y valued as icle of cor s of which rsian Gu e Red Se: iy â€" thous of whid regular "The elf st; r(naginians," as y has observed, commercial talâ€" silver ally c ablished Seaâ€"CC of de en y of Spain farther Ea: That trad i _ gold the n al e at any | was to be overlaid "with pure gold"; d two of j there was toâ€"be a "crown of gold round kind in |abou:" and "four rings of gold" and vots one |staves overlaid with go‘ld.. All the m and a } dishes, spoons, covers, bowlis, were to be If in adâ€"of "pure gold," and the candlesticks of ands of ureâ€"for er East, at trade 1 routes onstanâ€" _ history ‘ade beâ€" T‘vrians of ’urthex: 1 and matter Stanâ€" Syria s â€"~of aerce istory com Once more: in the direc:ions given (Exodus xxv.) for making the Ark and the furnishing of the Tabernacle, gold. both cast and beaten, played a very large part. The table of Shittim word was to be overlaid "with pure gold"; there was to â€"be a "crown of gold round triumphant! Jericho ho failed to cap:ure Ai. Achan‘s crims. discovered by the casting of lots, conâ€" sisted in the concealment of certain of the spoils of Jerichoâ€"among them "a wedge o{ gold of fifty shekels weight." Again, Gideon‘s personal share of the spoils taken from the Midianites was earrings weighing no less than "a th3auâ€" sand and seven hundred shekels of gold, beside ornaments and collars, and purâ€" p‘l‘e raiment that was on Kings of Miâ€" dian, and beside the chains that were about their camels‘ necks." (Judges tiitb 8A ) mense quantities o and vessels of varic Students of the recall the punishn Achan, whose grec upon the Israelites, triumphant elttack failed to cap:ure discovered by the c cistpA in tho ranrnon the efi marauc carried mense But mainlyv dition he has the good fortune to dine with the Goidsmihs C:mpany, his education should be reasonably comâ€" niete. From the admirable . official guide to the antiquities of the braonze age, collected at the musseum, he willi learn, perhaps :o his surprise, that the. greater part of the go‘d ornamentsâ€" 111C ric. :>"} minds stern â€" di re contig Fayed and ev us that ed by even r distan strictly s Sir W it when : enth J 50 FHCVCd vialus ,()m/)/('tc »ith tubes f the Old * unishment e greed br: elites, when arnd the Tabernac‘e from 1 ricts us to mle in «<{ ‘tly desc r‘ W en the: _ _ dynas ditions th them s of go USs Your Victor dealer will give you a conâ€" vincing demonstration of the Lowboy and the other new Victor models . . . the Hightoy, $122.50, complete with tubes . . . Victor Radioâ€"Electrola, REâ€"40, $169, comâ€" plete with tubes . . . and the "Superette" the smallest brg radio ever built, only $89.50, complete with tubes. Easy terms. coantrol Now is the time to compare values. Has so much that is fine in radio ever been offered for so little? Only through Canaâ€" dian production and Victor‘s immense scienâ€" tific and engineering resources could it te offered to you today ns is into m golden kinds d Test nto me surp: sundi eland n th dome ays n, and ; have he m ribe Flir J€ ol . . . "trigger touch" station selector and acoustically correct cabinets. ug ind YpC in t stament eted o ma Gy a th land ha it im, he 1 se, that rnament ‘s and or (in le dis Jos ns le s ypt nan en 1i 6 Ne fro JA in Chester and Yeo townships have reâ€" a\lved hope among local residents that \history will again be repeated and that this and neighbouring communities, which up to the present, have depended for their existence on lumbering, may become the centre of an active mining and prospecting district. With the timber limits of W. C. Cochâ€" rane now approaching exhaustion and the mill closed down, and with the Pouâ€" pore Lumber Company sawing the last cut from their once extensive limits, for some time it has looked as though Goâ€" gama was doomed to go the way of mosi lumbering towns and pass into oblivion. . Within the past month or two, however, quite a traffic has sprung up through this point of prospectors passing to and from the prospecting grounds in Chester, Yeo and surrounding ‘ownships. As this is also the headâ€" quarters for several small syndicates who are now carrying out their assessâ€" ment duties, the recent activity has brought some business to local merâ€" chants and labourers. At the present time party of Ontario Government geologlsts under H. C. Laird ed in the vicinity in connection with a geological survey of the district. ma m a met delt rcthir ibilitv beaten go‘ld. But the descripticn is too familiar to justifiy further quotation. There is, however, cne statement in Sir W. M. Flinders Petrie‘s erudite arâ€" ticle on this subject which might proâ€" voke criticism. Writing cof che marvelâ€" lious skill attaingd by Egyptian craftsâ€" men in the making of gold jewellery Thursday, August 6th, 1931 rin 1t hC MER LUMBER CENTREE MAY BECOME MINING TOWN 121C 3 that ng has y since rna ke 1U m 8 the m ments ent aily ind influe 1 has d finish oh. the jswellery aksur, of about 2500 B.C., (the black face is mine) been gained in technical that date." h T AImMm€ 1t nmenitieés and â€" ie most remot My purposi ued, has been the part. alm iACed in mou ietermining ir known nt satch fror Filip] des OlIq@ discov shins hav dents that d and that mmunities, e depended m G aken by utilities toe down e, howâ€" i widâ€" XquL glitâ€" the Gold Unmatched in Power Over Destinies of Humanity Has Caused Great l'l;hcz;\'als_ifi the Career of 'Humanvit.y. Gold led to the Discovery of America, Says Titled Writâ€" er. Metal Known. At the prese in C e would have carried off from all w 1 ecked Into to d n cave. Bu general A tin e a Min Crown makes | gold wealt! The blunder of the € n t m â€" illi was in exalting gold (and ie use if y ) r above all ot] form ; Sau ‘;fA, n t f wealth Yet their blur wa -.‘ ed .L ble and, anyway, it is € Trvr. | f the my immedi task ex ticle ir L . expla incial N ( 1 t n A looks ) if f 0 stand A P 1 t only is gold irbit« 1 th t m of 1 n( L 4 f ms b 1 credit of l« n n m ure T nd a : and I . i medium cf exâ€" metal has qualitic 1 € M a vast] other min« Hi iction Some one h a 1 4 T] ea contribution ever ; follow an f llization was In all ages. in f money. Th eem t ong people at every stage of cultural| confli ith e script development, *gold 1 D | Lcommouly mISIRVET DTE cemed and € of all i1 this universality of € ntention is fOre are obvious angit USUI d by a purely aes d, I think. by M itarian N 14 An Embarrasing Fe: j was and is desired beca 1t glitiel A famous singer was making a proâ€" If <che proverb w nal tour round world, and that glitters is not gold it ul T€~â€" |halted to give a concert in the Socieâ€" j mains true that gold glitters bey ty Islands. The terms of her engagsâ€" ! other things. Gold, mot specified that she should :-(‘_! ways been relatively scarce, and scar eive a third t of the city, as the pundits l n bargain was duly fulfilled; bu portant element in value The C i whas was the singer‘s embarrassment | possesses certain attributes which n e found that her share amâ€"| given it both for th inté three pigs, twentyâ€"thres manufacture of ornament al 9â€" i rtyâ€"four chickens, five thouâ€" jects of art, and also as a medium Of |sangq coconuts, besides considera‘ble | exchange and a common minato" |quantities of oranges, lemons and banâ€" | of value. Among these I only ‘~ l ana At ‘the Halles in Paris those tion in passing malleability mmodities, as the lady pointed out easily worked; its high sp |would have fetched 4,000 francsâ€"not vity; its almost unique ins ibility |inadequate remuneration for the five | to the action of natural agen it ngs given by the primaâ€"donna. But insolubility in water and its resistancte what was she to do with her fee in to cold and moisture. he Society Islands? When weitalk about "gold day Gold (and silver) have helped manâ€" ind to a solution of these difficulties.| is, however, the primitive mo-] it is, of course, monetary and finanâ€" clal problems that we mostly have in mind. The "man in the strset parâ€" of exchange, as most schoolâ€" ticularly in Lombard Street, Threadâ€" | boyvs (unconsciously imitating savâ€" needle Street or Wall Street is apt‘ages) have discovered. Even savages to regard "gold" as synonymous with have discovered. Even savages soon money, or at any rate, as the basis soon discovered the inconveniencse ofi ef all "good money." ‘re may |barter and adopted a rough sort ufl even be some who are infected |currencyâ€"shells, or glass eads, or | with the old bullionist heresay and |red fea hers, or what not, to serve as identify gold with | instrument of exchange. The | "wealth." Let me |an be careful. Gold is wealth; under alâ€" Greeks of the Homeric age used ox-l most every conceivable (‘11'(‘111)1.\‘[;111(':*“len; the Russians used tea; the early the possessor of gold can exchange|colonists of Virginia used tobacco. it for something he desires | Anything will serveâ€" on one indisâ€" The wellâ€"known story of Midas 1'(~â€"};wns':i'r)lp condition: the ('L:mmodiiyl minds us that there are exceptional| must be an object of universal desire; circumstances which contradict this nus: at any given time be univerâ€" generalisation. Gold was, for example sally acceptable. almost the last thing which R 3 metals were for this and many Listewn To TtHue NasH , Parape or ProcrEss and Max Bendix, Official ! Bandmaster of the Chicago 1933 W orld‘s Fair, and his Band. Coastâ€"toâ€"Coast, Tuesâ€" day Evenings over NBC Network, g:00 Eastern Daylight Saving Time 1 NEW NAS Announced June 28th ""AS»NCHRrO Sarikry SH1ET "" Smurenvr SEcorp Drive it ! Northland Moter Sales 18 Pine Street South Timmins %fiâ€"â€"‘-â€"â€"â€"â€"â€"“â€"__ Has Special Qualities Unmatched by Any Other ; las I I monds. | :imes, have frequent recourse to parliament for THE PORCUPINE ADVANCE, TIMMINS, ONTARIO | Clever Dramatic Cartoonist on Closing Night | of Chautauqua | | JOHN BOCKEWITZ Here is a young genius who presents a serioâ€"comic entertainment with unusual electrical effects, mammoth easels, featuring demonstrations of concentration and visualization. Audiences are thrilled with his programme and always go away feeling that there was "nothing dry but the chalk" during the entire evening. $ receipys. J reasons, commonly used as monâ€" , try. ey; but of all the metals gold is inâ€" comparably the most suitable. It is teenth century, so during the earlier have said, universally part of the nineteenth century (1810â€" it is 11'~(’1’U1_ f”_f' many purposes besides 1g50) they fell rapidly. Gold was again currency; it is scarce; it possesseSs ‘the criminal. high specific gravicy, and, therefore, |the shortage in the supply of the preâ€" is valuable in relation to weight and cious metals is estimated to have bulk. Consequently, is _ portable. |amounted to some 40 per cent. This is a notable convenience. You came prices. can casily carry £20 of gold in your| rnen came (©848) the fresh gold disâ€" pockets; less easily £20 of silver; |coveries in California, and three years £20 of copper would be a nuisance; later in Australia The annual proâ€" €£20 of lead an impossibility. B4E quction of gold, which in the second why not diamonds? You could easily carry about with you £5,000 worth of diamonds; I understand <that some | pcople do. But gold has this advanâ€" tage over diamonds as currencyâ€"you can cut up an ounce of gold into portions, and the aggregate value of the portions equals that of the orâ€" iginal lump. A fine diamond cut in:o As prices rose rapidly in the sevenâ€" desired; several bits would lose a largs amâ€" ount of its value. Besides, you cannot stamp diaâ€" If they were used as currency have to take their value With a gold coin you ‘get guarantes of valueâ€" so C you would on trust. an official far, wi least, as authority can give anything "value." Authority is‘ inâ€" deed, far from omnipotent in this respect. The exchange value of gold varies like the exchange value of poâ€" ‘atoes. But the variations are less rapid. One of the reasons why gold | has retained its pride ‘of place among the metals used as a currency is its relative (not, of course, absolutg) staâ€" bility. Yet even gold l‘,1< at fluctuated rat.*er different violently in value. The enthusiasm excited by the great discoveries of the sixteenth century was mainly due to the fact that they | promised Europe an enlarged ~supply of ‘the precious me/fls. Ths Spanâ€" lards, as Adam Smith cynically reâ€" minds us, took possession of the West Indies avowedly with the "pious purâ€" pose of converting (the inhabitants) to Christianity," but really in ":he hope of finding treasures of gold." All the other enterprises of the Spanâ€" lards in the New World, subsequent to those of Columbus," he adds, "seem to have been promoted by the same motive. It was the sacred thirst of | gold that carried Oveieda, Nicuessa, and Vasco Nugnes de Balboa to the Isthmus of Darien; that carried Corâ€" tez <o Mexico; and Almagro and Pizarro to Chili and Peru. Every Spaniard who sailed to America exâ€" pected to find an El Dorado. Fortune too did, upon this, what she has done upon very few other occasions; she realized in some measure thse extraâ€" vagant hopes of her volaries; and in the discovery of Mexico and Peru, she presented them with something not very unlike the profusion of the precious metals which they sought for." To Spain these discoveries provâ€" ed a doubtful or, as some insist, positively fatal endowment. On that question I must not embark. Political Consequences How did the "profusion of the precious metals" affec; Europe in genâ€" 1 eral and England in particular? None can doubt that the sharp riss in prices, consequent upon it, was largely responsible for the social disâ€" location in England in the latter years of the six:eenth century, andâ€" not less directlyâ€" for the constituâ€" tional revolution of the seventeenth. The king could no longer "live off his own." Even Queen Elizabeth, parsiâ€" monious as she was, was compelled .to draw upon capital: in the last five years of her reign she sold crown lands to the value of £327.000, and incurred £400,000 of debt. Her exâ€" travagant successors were compelled to VICTOR "SUPERETTE" The smallest BIG radio ever built $89.50 Complete with 8 tubet the expenses of the government; and in return for their assistance parlia-l % ment extorted the contessions which made the Stuart period memorable in the constitutional history of this counâ€" Between 1810 and 1840}'“1(«: for gold was again responsible. Dpown | in a cabinet of rare bc-:auty only 11445 kilograms, rose in the five with ths years (1851â€"56) to ducation and in the next five (1856â€"60) to 201,â€" From the 750. But then came a decline. After 1850 there was a general rise of prices. age, !docado of the nineteenth century was dition he has the go | 199,388 kilograms, niete. P | . but owing to the operation of counterâ€"| learn, perhaps greater part of the armlets, causes it was comparatively Aiter 1873 prices again began acting gentle. to fall I must not, however, deal further| °t quantity) from W hs‘ Company, his should be guide to the antiquities of th» collected at the museum, he will jvoke criticitsm. o his surprise, that the.|ious skill attained by Egyptia from Ireland, Thursday, August 6th, 1931 mm But the descripticn is too familiar to justifiy further comâ€" |There is, however, one statement in official ;'er W. M. Flinders Petrie‘s erudite arâ€" bronze |ticle on this subject which m Writing of d fortune to dine beaten go‘d quotation reasonably admirable go‘d ornamentsâ€"|men in the making of gold sundises and so |and ornaments, he says: "The : xquisite (in lessâ€" | deli and finish of the jowel iles and the sou hâ€" |found at Daksur, of | with the relation between gold and" Western districts of England, which|shows that (the black face is mine) | prices. Other aspects of the matter to Ireland. Apart from ‘ncthing has been gained in technical | demand attention 1 seems to have been parâ€" ‘ability since that date." 1«‘ rich the main sources Space compeils me to desist from furâ€" Long befcre gold was ever thought of as currencyâ€" an instrument of exâ€" changeâ€"it was highly valued as a comâ€" modity, as an article of commerce. From the earliest ages of which history is aware there was a regular trade beâ€"! tween west and east "The Tyrians, and afterwards the Carthaginians." as an American authority has ‘employed their great commercial talâ€" ents in exchanging the silver of Westâ€" ern Europe, and especially of Spainâ€" he reputed Tarshish of Scripzureâ€"for gold with Arabia and the farther East,| the L But it is to mainly go to ge by of those far distant ictly d toric. Thus Sir reminds that wh ) of} 1 UI ind Palestine, and the Red Seaâ€"Egypâ€" century all those routes were rendered | ;;.., precarious, if not absolutely blocked, by e the advent of the Ottoman Turks and heir conquests in the Balkans, Syria, Palestine and Egypt. Western Europe was dismayed by this menace to its trade with the east. Columbus, Vasco| da Gama and the Cabots set out on their several and practically simultaneâ€" ous expeditions, all with the purpose of turning the flank of the Turks and finding a sea roule to the east. Vasco| da Gama found it via the Cape of Good Hope. Columbus and the Cabots missâ€" ed their way, but stumbled by accident on America. For tha; accidental though not insignificant, discovery, the ils of of gold of fift Gideon‘s pers poils taken from t} [5 irrings weighing no | sand and beside ornaments an« ple raiment that was dian, and beside the their camels‘ vil1., 26.) The Ark and th Once more: in th (Exodus xxv.) for ms 5?71" furnishing of the 1 As for the service rendered by gold to | both cast and beate | the arts and crafts throughout the ages, |large part. The tabl | about no Londcner any rate need be at any | was to be overlaid jloss. Has he not close at hand two of | m ; ; ; â€" 1 u£, w m ,rhfi finest institutions of their kind in |abou:" and "four ri !the world? Let him then devote one|staves overlaid with [afternoon to the British Museum and a J dishes, spoons, covers | ; pous | second to South Kensington. If in adâ€"of "pure gold," and t} ce yA combining ~quality and value ... IT-J the grear popularity already achieved by the Vicior Lowboy, ousstanding value «has been the dominant factor. Vaixe, comâ€" bining performance, cabinet keauty and qualâ€" ity. The opportunity for radio buyers to get more for their radio doilars. For here is radio value built upon the solid foundation of greater performance, more apâ€" pealing cabinet beauty and finer quality than has ever been possible at the priceâ€"$119.50, complete with tules, Expect the Lowboy to give more selectivity, more sensitivity, richer tone, and finer allâ€" round performance because it is an advanced Superâ€"Heterodyne, featuring. radio‘s newest developments . eight â€" tube superâ€"heterodyne circuit . . . superâ€" control tubes . . . electroâ€"dynamic speaker .. . increasedâ€"range tone C ME mfls,’r_;gs_hgn_cyl VICTOR TALKING MACH urope in the Neoliâ€" | ther | I ‘)L)S(x;-\-,(;.(;xz't> and even in <the | Wm | the Egyp.ians under eighteenth dynasty ma Students of the Old Testament will P Ek e l renall ho unisht ta 11 +, tian â€"routeâ€"for many thousands of ; recaill the punishment ns a ou ol ived hope among local residents vyears | Achan, whose greed broug disa rv will a be ited and The Quest for Gold upon the Israelites, when after Joshua and | nel urit comn | triumphant alttack uppn Jerich j Hirh Iin ta Iha m AC h ; In the latter part of the fifteenth| failed to capi Achan‘s k , which up to the present, have d to cap Ai. Achan‘s lumbering concealment of certain of Jericho seven hundred shekels of gold, there was toâ€"be a "crown of gold round ICTOR _ RADIO ain, Hungary and |gold Macedonia life, from asg 1 ri metal has ¢ in day iman hi ) n terminin escriDe ren A ise 1 destinies o Flinders Pet: . m â€" FORMER LUMBER CEN PyE MAY BECOME MINING TOWN perhaps with India itself That trade| marauding expeditions into Syria, they 5 s 4 69 to followed certain wellâ€"established routes | Carried back with them into Egypt im E. D. Lon wollâ€"known n« the Caspianâ€"Black Seaâ€" Constanâ€" | mense, .(“lf.m:“()\..m :(,‘lum Omamen©/man in a recent despatch from Goga tinople route; the Fersian Gulfâ€"Syria | and vessels of various kinds ma, Ont., says: "Recen: gold disc n Chester and Yeo township existence on ‘| for their { become the centre of an active mi: ‘:mni prospecting district among them "a y shekels weight. onal share of th« ie Midianites was less than "a thouâ€" | With the timber limits of W. C rane now approaching exhaus:ion and | the mill closed down, and with the I pore Lumber Company sawing the last cut from their once extensive limits, for |some time it has looked as though Goâ€" Eu;unu was doomed to go the way of {mosi lumbering towns and into | oblivion. Within the month or two, however, quite a traffic has sprung ‘up through this point of prospectors ";::1.\',\111; to and from the prospecting e direclions given | grounds in Chester, Yeo and surrounding iking the Ark and |<ownships. l‘\s this is also the headâ€" : Tabernacle, gold. |quarters for several small syndicates very | who are now carrying out their assessâ€" ment duties, the recent. activity has brought some business to local merâ€" chants and labourers. At the present ngs of gold" and |time party of Ontario Government go‘d.. All the |geologists under H. C. Laird are"campâ€" , bowls, were to be |ed in the vicinity in connection with a he candlesticks of |geological survey of the district. i collars, and purâ€" s on Kings of Miâ€" chains that necks." (Judges pass were past e Tabernac‘e. n, played a e of Shittim woed "with pure gold"; acms Produced im CANADA 50 Com /)It'IL' with tubes VICTOR RADIO, Râ€"8 Loaboy Console 11 control . . . "trigger touch"‘ station selector . . . and acoustically correct cabinets. Has so much that is fine in radio ever been Now is the time to compare values. offered for so little? Only through Canaâ€" dian production and Victor‘s immense scienâ€" tific and engineering resources could it te offered to you today Your Victor dealer will give you a conâ€" vincing demonstration of the Lowboy and Victor models . . . the Hightoy, $122.50, complete with tubes . . . Victor Radioâ€"Electrola, REâ€"40, $169, comâ€" plete with tubes . . . and the "Superette" the smallest brg radio ever built, only $89.50,, Easy terms. the other new complete with tubes. INE COMPANY OF CANADA LIMITED â€" MONTREAL