Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1848-02-24
1See inside.

GOLD MINES IN RUsslA-The mines of Russia
have become the great source for the supply of gold
TO the world as the mines of America for the supply
of silver Rut the circumstance which has recently
attracted much attention these mines, the in
vestment by the Emperor of Russia of twenty-four
millions of dollars precious metals, in the securi-
ties of England and France. The Paris Journal des
Debas, has entered fully into the subject and given
full particulars Of the proceeds of these mines The
gold mines situated in the chain of the Ural
mountains, and to the east the heart Of Sbe-
ria. These immense Olluvions stretched out at
the foot of the Ural mountains, in the vallies Of
the elevated chain Of the Altai mountains Gold
is there in its native state disseminated as usual in
very small quantities in the midst of sand and gravel
The in which the auriferous deposits are dsrib-
uted has mean width of about nine hundred kome-
tres (rather more than half mile) and length of
several thousand kilometres. The presence of gold
on great an extent of soil is of the most gen.
eral of the neurological phenomena which can be
pointed out the face of the globe.
The working of the mines was not regularly car
ried on until 1923 Till then all the gold furnished
by borea Russia was reduced to about fourteen hun
dred pounds weight, which was separated Access
sorry production from the silver of which the coun-
try has some mines. This amount Representative
cording to the tariff of French money, which gives
10 gold fifteen times and half the value of silver
a sum of about 100000 dollars. In 1916 the pro-
ducton officially stated, was about 10000 pounds
of fine gold. Allowing for what passes off clandes-
timely, in order TO avoid the mpost, the production
may be placed at 10000 pounds, which represents
Is, $40, 900 dollars. In 1910 the amount obtained
two ffths of this sum, but during these last
years the increase has been very great.
Compared with the quantity of gold furnished from
other parts of the world, it is estimated that Russia
yields about double the amount.
A more exact idea of the Importance of this pro-
duct may be formed by comparing 1t with silver At
the beginning of the century, America yielded over
thirty-fve millions of dollars of fine silver. The
Spanish republics almost all of them made desolate
by anarchy, have this product fall to q 900
dollars The general production Of silver was, at the
beginning of the century. 10000 900 dollars Ameri-
ca then furnished nlne-enths of this metal. There
was then produced in the world francs 33 confines
in silver against franc in gold. At present the
total product Of silver may be estimated at nearly
$4,000 of dollars, against more than ,OOOOOO
dollars of gold The old proportion is thus overturned
and must be attributed TO 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
exclusive privilege of supplying the world with gold
and silver What II had produced from its discovery
to the first of January 1916. may be computed to
amount to 7 mliards 100, 100000 dollars, of which
milIiards 340 900 900 were in silver and millard
$50 000, 900 of gold 1t is in consequence of this
great extraction of silver that the gold had acquired
SO much value in relation to that metal and that one
kilogram, about two pounds of gold, which In
merce was formerly exchanged for ten Kilograms Of
silver, had reached the value of Is 12 or ID "a. In
process of time, if there is reason to believe, the
produce of gold continues be in Russia what is
now, the comparative value of the two metals will
not be slow in approaching more or less what it was
three centuries ago.-N. \. Post.