We had shaken hands and were separating when Hall stopped me.
“Do you believe in alchemy?” he asked.
“That’s an odd question from you,” I replied. “I thought alchemy was exploded long ago.”
“Well,” he said, slowly, “I suppose it has been exploded, but then, you know, an explosion may sometimes be a kind of instantaneous education, breaking up old things but revealing new ones.”
VIII. MORE OF DR. SYX’S MAGIC
Important business called me East soon after the meeting with Hall described in the foregoing chapter, and before I again saw the Grand Teton very stirring events had taken place.
As the reader is aware, Dr. Syx’s agreement with the various governments limited the output of his mine. An international commission, continually in session in New York, adjusted the differences arising among the nations concerning financial affairs, and allotted to each the proper amount of artemisium for coinage. Of course, this amount varied from time to time, but a fair average could easily be maintained. The gradual increase of wealth, in houses, machinery, manufactured and artistic products called for a corresponding increase in the circulating medium; but this, too, was easily provided for. An equally painstaking supervision was exercised over the amount of the precious metal which Dr. Syx was permitted to supply to the markets for use in the arts. On this side, also, the demand gradually increased; but the wonderful Teton mine seemed equal to all calls upon its resources.
After the failure of the mining operations there was a moderate revival of the efforts to reduce the Teton ore, but no success cheered the experimenters. Prospectors also wandered all over the earth looking for pure artemisium, but in vain. The general public, knowing nothing of what Hall had discovered, and still believing Syx’s story that he also had found pure artemisium in his mine, accounted for the failure of the tunnelling operations on the supposition that the metal, in a free state, was excessively rare, and that Dr. Syx had had the luck to strike the only vein of it that the Grand Teton contained. As if to give countenance to this opinion, Dr. Syx now announced, in the most public manner, that he had been deceived again, and that the vein of free metal he had struck being exhausted, no other had appeared. Accordingly, he said, he must henceforth rely exclusively, as in the beginning, upon reduction of the ore.
Artemisium had proved itself an immense boon to mankind, and the new era of commercial prosperity which it had ushered in already exceeded everything that the world had known in the past. School-children learned that human civilization had taken five great strides, known respectively, beginning at the bottom, as the “age of stone,” the “age of bronze,” the “age of iron,” the “age of gold,” and the “age of artemisium.”
Nevertheless, sources of dissatisfaction finally began to appear, and, after the nature of such things, they developed with marvellous rapidity. People began to grumble about “contraction of the currency.” In every country there arose a party which demanded “free money.” Demagogues pointed to the brief reign of paper money after the demonetization of gold as a happy period, when the people had enjoyed their rights, and the “money barons”—borrowing a term from nineteenth-century history—were kept at bay.