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THE PEARL
Dredging is now quite common and is doing much to deplete the mussel-beds of the west. When one bed is completely divested of shells, the clammer moves on to another and repeats the process, so that the supply of fresh-water pearls is coming to depend on the constant discovery of new mussel-beds. Unless legisĀ­lation regulates the industry the American supply will soon cease.
The cheapest fresh-water pearls in the market to-day are the finest. The pearlers along the streams of the west and south will no longer part with the pearls they find to the speculators at the old time prices. In fact they generally want much more than they are worth and often get more than the speculator can afford to pay to ensure a profit when he comes to sell them in the business centres.
But these fishers know little of the merits and value of the finer qualities. They do not yet realize the great difference in value which accrues as the pearl exceeds the average of luster, color, or perfection, consequently the speculator can often buy a very fine pearl for little more than he would have to pay for an
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