Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-11-27
THE GOLD MINES OF RUSSIA.

Il
CURED for carrying the rapidly expanding ope-
raon Of the present day. and the Of capital alb
sorbed in the extension of the various branches of industry
and IN great public improvements particularly railroads
throughout this country and every part OF Europe have led
many persons imagine that there danger of serious
narrasment from the want Of sufficient of the pre-
coas metals to serv with the aid Of paper currency based
upon IL The purposes OF sufficient circulating medium for the
convenient transaction of enlarged amount of business
On the other hand certain other persons having to the
knowledge of the produce the recently explored gold
mines Eastern Russia have expressed the apprehension
lest they should afford redundant supply OF this precious
material unsee the standard Of value by the excess of
tho universally acknowledged medium While certain writers
have been specializing upon this event possible remote
contingency the public have been somewhat surprised in find
ing the Auocra Of Russia coming acknowledgement in the
character OF banker prepared aid in repenshing the
haused treasures of of the richest Governments and
moneyed institutions of Western Europe.
Under these circumstances the following article which we
find in the Paris Journal DIES Debats will be read with in
eres by the commercial portion of community The in
formation contained in doubt not derived from auher-
tic
GOLD RussIA.-Ihe sum of thirty millions of mbIes
(twenty millions Of dolars precious metals which
the Emperor Of Russia has this year placed the disposition
of Western Europe has caused little SURPRISE The
finances OF the Empire supposed be in condition
to make such advance convenient Russia reputed
the poorest OF the five great Powers and yet she who
the assistance Of the the richest States
This unexpected incident may be attributed
but than all to the development which has been recently
given the efforts for procuring gold in the provinces
of the Empire.
The working Of the gold mines in Russia though dates
back only few years. has acquired great importance 1t has
become which may have great influence and which
has already changed the relations of the two precious metals
in the world to such degree perturbation in
their comparative value to be anticipated We borrow this
n sheyal
the gold and silver mines of the two hemspheres The
gold situated the chain of the Ura mountains
and the east in the heart Of Siberia. These
aluvons stretched the foot of the Ural
the valleys of the elevated chain of the Aai
mountains Gold is there in its native state disseminated
usual in very small quantities in the midst of sand and gravel
The which the aurferous depostes distributed has
width of about nine hundred kilometres (rather
than half miIe,) and length of several thousand ko
metres The presence of gold great extent of soil
of the remarkable of the meteorological phenomena
which be pointed out the face of the globe. 1t may
be compared the pemanency of silver the metallic veins
which in America the chain of the Andes the length of
which fourteen thousand kilometres. These Mines which
worked by the anciens and whence antiquity, accord
ing the father of history, drew the greater part of the gold
use had been entirely lost sight of and the recital of He
ooous passed for fable when towards the close of the last
century and the beginning of the present. chance discovered
the Ua chain that portions of the beds of sand and
gravel the soil of which uniform these vast regions
tanned little gold dust The working not regularly
red until 1928. Till then all the gold furnished by boz
real Russia reduced six hundred and fifty Kilograms
weight which separated accessory production from
the silver of which the country has mines Six hun
dred and fifty Kilograms represents according to the tariff of
French money, which gives gold fifteen times and half
the value of silver, of about four hundred and fifty
thousand dollars The working of the gold mines carried
at the time by the Crown and by individuals has been
constantly increasing but private industry produces much
than the workshops OF the Crown. In 1915 the pro-
ducon, officially stated, ls 500 Kilograms of fine gold
Allowing for what passes off candenely in order TO avoid
the mpos the production may be placed 564 Kilograms
which represents 600 dollars In ls4O the amount
obtained twohs of this sum, but during these last
the increase has been In 1916 there
obtained the whole, nearly 3d. 900 Kilograms of fine gold,
worth nearly 30, 700, 900 of dollars
To form idea Of the importance of this revenue must
compared with the quantity Of gold thrown by other coun
tries the general Market II results, from the
full researches that this product only equal about 900
Kilograms Thus Russia brings double the quantity of gold
annually yielded the of the world 1t supasses
America in the of one for America yields only
I Ia, 934 Kilograms of fine gold.
idea of the importance Of this product may
be formed by comparing with silver Since the discovery
of America the production of silver has greatly increased At
the beginning of the century, the New World yielded
796 900 Kilograms of fine silver valued at thirty five mil
lion dollars The Spanish Republics almost all of them made
desoae by anarchy have this product fall to ,64
Kilograms of fine silver worth what than twenty
millions of dollars The general production of silver
was the beginning of the century, about 900 900 ko
grams about forty millions of dollars. America then fur
nshed nne-enths Of this metal There then produced
in the world 36 Kilograms Of silver kogam of god
francs 33 cenmes in silver against franc in gold At
present the product of silver may be estimated at
S75 900 Kilograms, worth thirty millions of dollars
against than so 900 Kilograms Of god worth
fory-one millions of dollars This is than la ko-
grams of silver against kiogam Of god and "a confines
Of silver against franc of gold The old proportion
thus overturned and it must be attributed to Russia.
The which presented at the beginning OF the
tuy nearly the rate Of the product Of the two
tails since the discovery of America Till recent times
America had had almost the exclusive privilege supplying
the world with gold and silver. What that country had pro-
dueed from its discovery the first Of January, 1885, may
be computed to mards 100 900 of dollars
of which millsrds $40, 00O 600 in silver, and
mard ESQ., O00 900 of gold in weight l20 900
Kilograms Of fine silver and 2s77, 600 Kilograms Of gold
or again in volume ATT cubic metres Of silver and l4s
cubic Of gold II in weight AZ Kilograms Of sill
against kogam of god in value about francs 33
confines in silver for one franc in gold.
II in consequence Of this great extraction of silver that
the gold had acquired much value in relation that metal
and that kilogam Of gold, which in formerly
exchanged for Kilograms of silver had reached the value
of l55 l5a In process of tme if there is
believe, the produce Of gold continues be in Russia what
is now, the comparative value Of the metals will not be
slow in approaching less what three centuries
ago. 1t is that the explanation given by M Michel
Chevaer gives think that the improvement in the
of mining America which will probably be the inevita
BILE and speedy consequence of the dominion of the United
States the continent, will tend to for silver,
changes which Russian industry has brought about
in gold the expenses Of production will diminish still
than be hoped in regard gold the quantity produced
- IL r. - al.utl L.