Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-12-25
I 20
COIN IN RUSSIA.


that the formation of the hills of Lake Superior are
of the character with the lral mountains IN
Russia. 1t may be that more dlhgent ana earnest
search in the little-known regions bordering upon
our Great Lake will develop wealth as Yet uhsus-
pected.-N Y. Tribune.
The sum of thirty millions of rublcs, (tweny- -four
millions of dolars) in precious metals whch the
Emperor of Russia has this year placed AT the as!o
II, siton of Western Europe, has caused not niue
sur1fiss. The finances Of the empire were not sup
posed TO be in a condition TO make such an advance
convenient. Russia reputed the poorest Of the
five Great Powers, and yet it is she VINO comes 10
the assistance of the OF the richest states
This unexpected incident may be attributed 10 s'Ne-
raj causes, but more than all 10 me Gese.opnen'
which has been recently given TO the efforts Tor pro-
curing gold in the Eastern provinces OF the empire
Thu, working of the gold mines in Russia though
it dates back only few years, has acquired great
Importance. 1t has become an event which may nave
great influence and which has already changed the
relations of the two precious metals IN the worlu u
such degree to cause perturbation Ill their COM
parative value TO be anticipated we borrow, on
this subject some facts from recent work OF NlIchel
Chevalier, on the gold and silver mines OF the TWO
hemisphercs. The gold mines are situated IN the
chain of the Ural mountains, and more 10 the East
in the heart of Siberia. These are immense anu
yions stretched at the foot Of the l raj mountains
or in the valley of the more elevated cham OF the
Altai mountains. Gold is there in It's native state
disseminated usual in very small quantities IN lhe
midst of sand and gravel. The zone IN when lhe
auriferious deposits distributed has mean width
of about nine hundred kilometres, rathcr more 'nah
half mile) and a length OF several thousand kllo-
metres The presence of gold Oh so great an extent
of soil is one OF the most general OF the mneraioSl
cal phenomena which can be pointed Out on the lace
of the globe. 1t may be compared to the permanent
CIV of silver in the metallic VEINS when IN America
cross the chain of the Andes, the length OF which is
l4OJO kilometres Those mines which were work
ed by the ancientS and whence antiquity, according
TO the Father of History, drew the greater part OF
the gold in use, had been entirely lost sgnt OF ana
the recital Of HcrOdotus passed tor table, Whrh,
toward the close of the last century, and the begin
ming of the present, chance discovered IN the Ira
cham that certain portions OF the beds OF sahd ana
gravel, the soil of which IS uniform IN these vast re-
gons contained little gold dust. The working was
not regularly carried until 1928 I'LL then all the
gold furnished by borcal Russia was reduced to SIX
hundred and fifty Kilograms weight, which was sep
araed accessory production, from inc SILVER Oh
which the country has some mines. SIX hundred
and fifty Kilograms represent, according 10 the tar
of French money, which gives gold iitccn tunes ana
a half the value of silver, sum OF ABOUT t?",oUo
dollars The working of the gold mines, carried on
at the same time by the Crown, and by individuals
has been constantly increasing, but private industry
produces much more than the workshops OF the
Crown. In 1915 the production as ohcially stated
was Is SOB Kilograms of fine gold Allowing for
what passes off candestincly, IN order 10 avoid the
mpost, the production may be placed at 22o6f kllo-
grams, which represent lo,oioOOU dollars. In lofo
the amount obtained was not two-htthS OF this sum,
but during these last years the increase has been
very great. In le46 there were obtained, in the
whole nearly 80, 900 Kilograms Of fine gold, worth
nearly three millions Of dollars.
To form an idea Of the Importance OF this revenue,
it must be compared with the quantity OF gold thrown
BY other countries into the general market. 1t re-
suits from the careful researches that tins pro-
duct is only equal TO about 10000 Kilograms. Thus
Russia brings double the quantity of gold annually
welded to the commerce OF the world. 1t surPasscS
America in the ratio of twoto ono for America yields
only 1924 Kilograms of fine gold
4 more exact idea Of the Importance OF this pro-
duct NAV be formed by comparing 1t with silver.
Since the discovery of America the production Of
silver has greatly increased. At the beginning OF
the century, the New World yielded I9b,OOO kllo-
grams OF fine silver, valued at over thirty- mil
lions dollars The spanish republics, almost all OF
them made desolae by anarchy, have seen this pro
duct fall TO Ola oil Kilograms OF fine silver, worth
somewhat more than - 900 900 dollars The gene
raj production of silver was, at the beginning OF the
century, about 100000 kilograms-about 4O,OO9,O00
dollars. America then furnished nine-tenths OF this
METAL There was then produced in the world 80
Kilograms of silver TO one kilogram OF gold, or
francs 80 centiIncs silver against one franc IN gold
At present the total product OF silver may be est
mated at SIS 900 Kilograms, worth nearly 39,OoOOOO
of dollars against than o. OOO Kilograms Of gold
worth more than 4 ,00O,O0O Of dollars This is
more than IA Kilograms and half OF silver against
one kilogram of gold and "a confines of silver against
one franc of gold, The old proportion Is thus over
turned, and il must be attributed 10 Russia.
The rate which was presented at the beginning OF
the century nearly the mean rate OF the product
of the two metals since the discovery OF America
Till more recent times America had had almost the
~ s;I,orP VIZ that roInrEv has produced from
- disoornrr m ,bc FIRST Of January I.46 NAV be
ontod 80 an,onnt N : miIliards i2O 900 900 dol
irnP Of ,rbicb : billiards yrr, in SILVER and mil
Id oso oo0 0o0 Of goId Or in weight 10 100 los
mo- / iIoa,o Of 6n silver and 81 600 KILOGRAMS
of gold again in volume, III cubic metres OF sill
40 iInaram Of liver AGAINST kilogram of gold in
yalne about . francs 30 centimcs in silver for one
So in cold II ;s in consequence of this great cx-
ntion f silver that the cold has acouired so much
IL IN rcIation ~ Thar 1rtal and that kilogram
20 'old vbicb j.; commerce was formerly exchanged
Co. IN J. Irans Of Siiver had reached the value of
IL tx In nrncn.s of time if MS there is reason
- VI ~ ,h froJ,ce Of rojI continues 70 he in
~ ~ o' w P" 49, ~ oo,o.a,;,.o ,.oIna or m, /