New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1852-10-28


The following is statement of the recent gold coinage
in the same countries beginning with the year in which
the gold discovery was made in California
1s4s s. 5t sss sll42 9is s15t 44sose
1sS 7i9 9SS als Ss aSss5i i5S95i5
1851 -. 10 months 1ooT7,252 l2e196e5 ........,.
The gold coinage last year in the United States exceed.
ever made in the United Kingdom And the coinage in
France during the first ten months exceeaed BY A5Do494
the memorable coinage in this country OF f25oI6a IN
the year 1921.
Tie annual consumption of the precious metals lex
elusive of oouage) in Europe and America to
he about "a s4OO00 which there be added for the
other quarters the globe 9l66 O00totai t650ooo0
It important. but difficult to determine how much Of
this sum consists of gold Mr. Jacob. about twenty years
ago estimated the annual consumption of gold in Great
Britain at 1885, The other countries Of the globe
CO 0oo which the annual gold coinage has to bG
added Comparing this total with the quantity OF gold
produced at beginning of the century or even Tor
many years after it, it then appears that gold from the
mines was not raised in equal to the entire con-
suption besides which, it seems to have been used re-
Ifrey in greater proportion than silver and accounts
for The premium in France of IL francs per mile over sill
YER which gold not unrequently commanded, un!I te
recent discoveries for pound Troy in France in lS02
was found to be exactly equal to 10 10 OF oil SILVER pul
afterwards became equal to 15 lb OF. Now, however
the premium is likely to be reversed most maternity oN
deducting the f2l54ooo Of gold consumed in the art
from the supposed yield of the gold mines in the present
year namely G336g61S6. leaves 2a2iso 10 De con
verified into coin being larger sum by 70 39oo3 than
the total circulation of gold coin in Great Britain in the
wear 1880 The general inference that specie must be &C
cumuatne is further borne ont by the fact that notwh
standing discounts unusually low in The three prnci
pal cities of the world yet there is in each city notable
increase of bullion compared with lS4S as the oe"lns
table will show , a,,o,e ,os
Bank Of England week ending May 1sts. fl2s26 loE
iS9S'' Z 9zSi I ,s
Bank of France. 4, l64s. 5o54 To-
s..... (last return) April 8. 1s52... % 900 ~
Banks fNewYork, quarter ending March ISIS l4oai2
.looz, Ao-9'f4
Summary the quantity of bullion in the above nance
banks in 1913 and the nearest corresponding period
| 1852:
1915 f12s261OS 3.534J65 l40ll25 elI164S9
1852. 2O231031 23,506,204 2,02942s 55.76bos
Total increase of bullion in 1852. Els 002 ~
By the last return of the Bank of England the spect
appears to the value of f203l o37 being the larges
amount she has held and above her ais
est accumulation previous to the development OF til
| wealth of California. -. e.
1t may be stated generally that there was IN loau nv
times as gold produced in North aud South Amelc
in any of the most productive years OF the America
mines under the Spanish Government At the same tim
the silver mines of America yielding qnite as muc
silver the beginning of the century, when they Mer
nearly productive at any former or later PERIOD uf
der Spanish dominion. .,-,.
Yet Notwithstanding the great increase in the produc
of gold relative silver is curious fact that the c
Of silver has not risen the contrary it has fallen
value In the of the week ending April Il. 100
5SoO00 worth of silver sold at 5s an ounce brlss
standard which only equivalent to 64s ID per Id 70
for pure silver At that rate lb OF pure gold is WORT
l52i l594) pounds of pure silver. In January 1901
gold only 1bil 5:2 times more valuable than slVe
metals in tons in 1901 1876 1850 1851 and the probao
mt oft