I. SOUTH POLAR GOLD

When the news came of the discovery of gold at the south pole, nobody suspected that the beginning had been reached of a new era in the world’s history. The newsboys cried “Extra!” as they had done a thousand times for murders, battles, fires, and Wall Street panics, but nobody was excited. In fact, the reports at first seemed so exaggerated and improbable that hardly anybody believed a word of them. Who could have been expected to credit a despatch¹, forwarded by cable from New Zealand, and signed by an unknown name, which contained such a statement as this:

“A seam of gold which can be cut with a knife has been found within ten miles of the south pole.”

The discovery of the pole itself had been announced three years before, and several scientific parties were known to be exploring the remarkable² continent that surrounds it. But while they had sent home many highly interesting reports, there had been nothing to suggest the possibility of such an amazing discovery as that which was now announced. Accordingly, most sensible people looked upon the New Zealand despatch as a hoax³.

But within a week, and from a different source, flashed another despatch which more than confirmed the first. It declared that gold existed near the south pole in practically unlimited⁴ quantity. Some geologists⁵ said this accounted for the greater depth of the Antarctic Ocean. It had always been noticed that the southern hemisphere appeared to be a little overweighted. People now began to prick⁶ up their ears, and many letters of inquiry⁷ appeared in the newspapers concerning the wonderful tidings from the south. Some asked for information about the shortest route to the new goldfields.

In a little while several additional reports came, some via New Zealand, others via South America, and all confirming in every respect what had been sent before. Then a New York newspaper sent a swift steamer to the Antarctic, and when this enterprising journal published a four-page cable describing the discoveries in detail, all doubt vanished and the rush began.

Some time I may undertake a description of the wild scenes that occurred when, at last, the inhabitants of the northern hemisphere were convinced that boundless⁸ stores of gold existed in the unclaimed and uninhabited wastes surrounding the south pole. But at present I have something more wonderful to relate.

Let me briefly⁹ depict¹⁰ the situation.

For many years silver had been absent from the coinage of the world. Its increasing abundance rendered it unsuitable for money, especially when contrasted with gold. The “silver craze,” which had raged in the closing decade of the nineteenth century, was already a forgotten incident of financial history. The gold standard had become universal, and business all over the earth had adjusted itself to that condition. The wheels of industry ran smoothly¹¹, and there seemed to be no possibility of any disturbance¹² or interruption. The common monetary¹³ system prevailing¹⁴ in every land fostered trade and facilitated the exchange of products. Travellers never had to bother their heads about the currency of money; any coin that passed in New York would pass for its face value in London, Paris, Berlin, Rome, Madrid, St. Petersburg, Constantinople, Cairo, Khartoum, Jerusalem, Peking, or Yeddo. It was indeed the “Golden Age,” and the world had never been so free from financial storms.

Upon this peaceful scene the south polar gold discoveries burst like an unheralded tempest.

I happened to be in the company of a famous bank president when the confirmation¹⁵ of those discoveries suddenly filled the streets with yelling newsboys. “Get me one of those ‘extras’!” he said, and an office-boy ran out to obey him. As he perused¹⁶ the sheet his face darkened.

“I’m afraid it’s too true,” he said, at length. “Yes, there seems to be no getting around it. Gold is going to be as plentiful¹⁷ as iron. If there were not such a flood of it, we might manage, but when they begin to make trousers buttons out of the same metal that is now locked and guarded in steel vaults¹⁸, where will be our standard of worth? My dear fellow,” he continued, impulsively¹⁹ laying his hand on my arm, “I would as willingly face the end of the world as this that’s coming!”

“You think it so bad, then?” I asked. “But most people will not agree with you. They will regard it as very good news.”

“How can it be good?” he burst out. “What have we got to take the place of gold? Can we go back to the age of barter²⁰? Can we substitute cattle-pens and wheat-bins for the strong boxes of the Treasury²¹? Can commerce exist with no common measure of exchange?”

“It does indeed look serious,” I assented²².

“Serious! I tell you, it is the deluge²³!”

Thereat he clapped on his hat and hurried across the street to the office of another celebrated²⁴ banker.

His premonitions of disaster turned out to be but too well grounded. The deposits of gold at the south pole were richer than the wildest reports had represented them. The shipments of the precious metal to America and Europe soon became enormous—so enormous that the metal was no longer precious. The price of gold dropped like a falling stone, with accelerated velocity²⁵, and within a year every money centre in the world had been swept by a panic. Gold was more common than iron. Every government was compelled to demonetize it, for when once gold had fallen into contempt it was less valuable in the eyes of the public than stamped paper. For once the world had thoroughly²⁶ learned the lesson that too much of a good thing is worse than none of it.

Then somebody found a new use for gold by inventing a process by which it could be hardened and tempered, assuming a wonderful toughness and elasticity²⁷ without losing its non-corrosive property, and in this form it rapidly took the place of steel.

In the mean time every effort was made to bolster²⁸ up credit. Endless were the attempts to find a substitute for gold. The chemists sought it in their laboratories and the mineralogists in the mountains and deserts. Platinum³⁰ might have served, but it, too, had become a drug in the market through the discovery of immense deposits. Out of the twenty odd elements which had been rarer and more valuable than gold, such as uranium, gallium, etc., not one was found to answer the purpose. In short, it was evident that since both gold and silver had become too abundant to serve any longer for a money standard, the planet held no metal suitable to take their place.

The entire monetary system of the world must be readjusted, but in the readjustment it was certain to fall to pieces. In fact, it had already fallen to pieces; the only recourse was to paper money, but whether this was based upon agriculture or mining or manufacture, it gave varying standards, not only among the different nations, but in successive years in the same country. Exports and imports practically ceased. Credit was discredited³¹, commerce perished, and the world, at a bound, seemed to have gone back, financially and industrially, to the dark ages.

One final effort was made. A great financial congress was assembled at New York. Representatives of all the nations took part in it. The ablest financiers of Europe and America united the efforts of their genius and the results of their experience to solve the great problem. The various governments all solemnly stipulated³² to abide³³ by the decision of the congress.

But, after spending months in hard but fruitless labor²⁹, that body was no nearer the end of its undertaking³⁴ than when it first assembled. The entire world awaited its decision with bated breath, and yet the decision was not formed.

At this paralyzing crisis a most unexpected event suddenly opened the way.

1 despatch   

n./v.(dispatch)派遣；发送；n.急件；新闻报道

参考例句：

• The despatch of the task force is purely a contingency measure.派出特遣部队纯粹是应急之举。
• He rushed the despatch through to headquarters.他把急件赶送到总部。

2 remarkable   

adj.显著的，异常的，非凡的，值得注意的

参考例句：

• She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
• These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。

3 hoax   

v.欺骗，哄骗，愚弄；n.愚弄人，恶作剧

参考例句：

• They were the victims of a cruel hoax.他们是一个残忍恶作剧的受害者。
• They hoax him out of his money.他们骗去他的钱。

4 unlimited   

adj.无限的，不受控制的，无条件的

参考例句：

• They flew over the unlimited reaches of the Arctic.他们飞过了茫茫无边的北极上空。
• There is no safety in unlimited technological hubris.在技术方面自以为是会很危险。

5 geologists   

地质学家，地质学者( geologist的名词复数 )

参考例句：

• Geologists uncovered the hidden riches. 地质学家发现了地下的宝藏。
• Geologists study the structure of the rocks. 地质学家研究岩石结构。

6 prick   

v.刺伤，刺痛，刺孔；n.刺伤，刺痛

参考例句：

• He felt a sharp prick when he stepped on an upturned nail.当他踩在一个尖朝上的钉子上时，他感到剧烈的疼痛。
• He burst the balloon with a prick of the pin.他用针一戳，气球就爆了。

7 inquiry   

n.打听，询问，调查，查问

参考例句：

• Many parents have been pressing for an inquiry into the problem.许多家长迫切要求调查这个问题。
• The field of inquiry has narrowed down to five persons.调查的范围已经缩小到只剩5个人了。

8 boundless   

adj.无限的；无边无际的；巨大的

参考例句：

• The boundless woods were sleeping in the deep repose of nature.无边无际的森林在大自然静寂的怀抱中酣睡着。
• His gratitude and devotion to the Party was boundless.他对党无限感激、无限忠诚。

9 briefly   

adv.简单地，简短地

参考例句：

• I want to touch briefly on another aspect of the problem.我想简单地谈一下这个问题的另一方面。
• He was kidnapped and briefly detained by a terrorist group.他被一个恐怖组织绑架并短暂拘禁。

10 depict   

vt.描画，描绘；描写，描述

参考例句：

• I don't care to see plays or films that depict murders or violence.我不喜欢看描写谋杀或暴力的戏剧或电影。
• Children's books often depict farmyard animals as gentle,lovable creatures.儿童图书常常把农场的动物描写得温和而可爱。

11 smoothly   

adv.平滑地，顺利地，流利地，流畅地

参考例句：

• The workmen are very cooperative,so the work goes on smoothly.工人们十分合作，所以工作进展顺利。
• Just change one or two words and the sentence will read smoothly.这句话只要动一两个字就顺了。

12 disturbance   

n.动乱，骚动；打扰，干扰；(身心)失调

参考例句：

• He is suffering an emotional disturbance.他的情绪受到了困扰。
• You can work in here without any disturbance.在这儿你可不受任何干扰地工作。

13 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

14 prevailing   

adj.盛行的；占优势的；主要的

参考例句：

• She wears a fashionable hair style prevailing in the city.她的发型是这个城市流行的款式。
• This reflects attitudes and values prevailing in society.这反映了社会上盛行的态度和价值观。

15 confirmation   

n.证实，确认，批准

参考例句：

• We are waiting for confirmation of the news.我们正在等待证实那个消息。
• We need confirmation in writing before we can send your order out.给你们发送订购的货物之前，我们需要书面确认。

16 perused   

v.读（某篇文字）( peruse的过去式和过去分词 )；（尤指）细阅；审阅；匆匆读或心不在焉地浏览（某篇文字）

参考例句：

• I remained under the wall and perused Miss Cathy's affectionate composition. 我就留在墙跟底下阅读凯蒂小姐的爱情作品。 来自辞典例句
• Have you perused this article? 你细读了这篇文章了吗？ 来自互联网

17 plentiful   

adj.富裕的，丰富的

参考例句：

• Their family has a plentiful harvest this year.他们家今年又丰收了。
• Rainfall is plentiful in the area.这个地区雨量充足。

18 vaults   

n.拱顶( vault的名词复数 )；地下室；撑物跳高；墓穴

参考例句：

• It was deposited in the vaults of a bank. 它存在一家银行的保险库里。 来自《简明英汉词典》
• They think of viruses that infect an organization from the outside.They envision hackers breaking into their information vaults. 他们考虑来自外部的感染公司的病毒，他们设想黑客侵入到信息宝库中。 来自《简明英汉词典》

19 impulsively   

adv.冲动地

参考例句：

• She leant forward and kissed him impulsively. 她倾身向前，感情冲动地吻了他。
• Every good, true, vigorous feeling I had gathered came impulsively round him. 我的一切良好、真诚而又强烈的感情都紧紧围绕着他涌现出来。

20 barter   

n.物物交换，以货易货，实物交易

参考例句：

• Chickens,goats and rabbits were offered for barter at the bazaar.在集市上，鸡、山羊和兔子被摆出来作物物交换之用。
• They have arranged food imports on a barter basis.他们以易货贸易的方式安排食品进口。

21 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

22 assented   

同意，赞成( assent的过去式和过去分词 )

参考例句：

• The judge assented to allow the prisoner to speak. 法官同意允许犯人申辩。
• "No," assented Tom, "they don't kill the women -- they're too noble. “对，”汤姆表示赞同地说，“他们不杀女人——真伟大！

23 deluge   

n./vt.洪水，暴雨，使泛滥

参考例句：

• This little stream can become a deluge when it rains heavily.雨大的时候，这条小溪能变作洪流。
• I got caught in the deluge on the way home.我在回家的路上遇到倾盆大雨。

24 celebrated   

adj.有名的，声誉卓著的

参考例句：

• He was soon one of the most celebrated young painters in England.不久他就成了英格兰最负盛名的年轻画家之一。
• The celebrated violinist was mobbed by the audience.观众团团围住了这位著名的小提琴演奏家。

25 velocity   

n.速度，速率

参考例句：

• Einstein's theory links energy with mass and velocity of light.爱因斯坦的理论把能量同质量和光速联系起来。
• The velocity of light is about 300000 kilometres per second.光速约为每秒300000公里。

26 thoroughly   

adv.完全地，彻底地，十足地

参考例句：

• The soil must be thoroughly turned over before planting.一定要先把土地深翻一遍再下种。
• The soldiers have been thoroughly instructed in the care of their weapons.士兵们都系统地接受过保护武器的训练。

27 elasticity   

n.弹性，伸缩力

参考例句：

• The skin eventually loses its elasticity.皮肤最终会失去弹性。
• Every sort of spring has a definite elasticity.每一种弹簧都有一定的弹性。

28 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。

29 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

30 platinum   

n.白金

参考例句：

• I'll give her a platinum ring.我打算送给她一枚白金戒指。
• Platinum exceeds gold in value.白金的价值高于黄金。

31 discredited   

不足信的，不名誉的

参考例句：

• The reactionary authorities are between two fires and have been discredited. 反动当局弄得进退维谷，不得人心。
• Her honour was discredited in the newspapers. 她的名声被报纸败坏了。

32 stipulated   

vt.& vi.规定；约定adj.[法]合同规定的

参考例句：

• A delivery date is stipulated in the contract. 合同中规定了交货日期。
• Yes, I think that's what we stipulated. 对呀，我想那是我们所订定的。 来自辞典例句

33 abide   

vi.遵守；坚持；vt.忍受

参考例句：

• You must abide by the results of your mistakes.你必须承担你的错误所造成的后果。
• If you join the club,you have to abide by its rules.如果你参加俱乐部，你就得遵守它的规章。

34 undertaking   

n.保证，许诺，事业

参考例句：

• He gave her an undertaking that he would pay the money back with in a year.他向她做了一年内还钱的保证。
• He is too timid to venture upon an undertaking.他太胆小，不敢从事任何事业。