FOOL’S GOLD.
Iron pyrites, a yellow mineral that looks very much like gold, is known to miners as “fool’s gold,” and is used by them to hoax amateurs and novices at the game.
But it is this same “fool's gold” that has made a fortune for Mr. D. A. McDonnell, who owns a mine of it in Oaklaud, California, and produces about 25,000 tons annually, every ounce of which fetches a fairly high price, for its flaky particles are used in the manufacture of insecticides, fertiliser, and sulphuric acid. Mr. McDonnell has a turnover of some £27,000 annually, but now that the Spanish civil war is raging, his profits are trebled, for Spain was the world’s largest producer, with an annual output of 350,000 tons.
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Bibliographic details
Cromwell Argus, Volume LXVIII, Issue 3485, 6 September 1937, Page 7
Word Count
125FOOL’S GOLD. Cromwell Argus, Volume LXVIII, Issue 3485, 6 September 1937, Page 7
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