The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-29
S5.447.0 100000

1900 to i7oo' 100000 16oo,ooS.Ooo
i;oS to ls5s $4,000 i Is GO 600
Total. .....,..................... So,4473oooooo
Humboldt further observes that at the commence
ment of the present century the annual product of
the American minos was $40, 800 600, and
(b) That at the same period those Of Saxony,
Hungary, and northern Asia, were $5,000,000 ; and
that at the same period the proportions of gold to
silver in Europe as to 40, and in America
TO 40.
(c) MoCulloch says, that from 1900 to 1910, the
produce of the American mines was considerably
increased. If we construe the expression con
siderably' to admit Of six and a half millions
being added to Humboldt's estimate (b.) above the
average for 1903 to 1909 inclusive, 1901 and 1902
being already included in (a), we have a further
product in those seven years of $350,O00 900.
(d) But according to the author, the
strctions growing out of the revolutions in South
America caused an abandonment Of many of the
mines, and a great falling off in the production Of
others; and Jacobs who collected and compared all
tho atanable evidence the subject, estimates the
annual produce of all the American mines for the
twenty years, from 1910 to 1929 inclusive, at only
E4,O 36, 03S at As per dollar. at 800, lS0.l90.
(e) Since Jacobs work (lS3l,) says McCulloch,
further returns have been received from the Brit
ish consuls in South America, &C., which show a
considerable increase in the produce of late years."
and he proceeds to est innate, by various authorities
the annual product of Mexico and South America
to have been QS42) $50, nc, 900. Assuming this
average for the years 1880 to 1852, inclusive, tho
amount is $676, 33O, 600.
% In 1880 the gold washings of Siberia produced
only six pools in weight, but this production,
eording to McCulloch, including those of the Oural
mountains, increased until, in the year 1872 the
to 1872 inclusive, is stated at 1904 poods equiva-
lent to .c46 las I'd. per pound English, troy weight
and ut As to the dollar, to so, 1885,, 1856. But in
the appendix to McCullochs latest edition we find
another statement OF the same production from
1887 to 1916, inclusive, amounting Cat Is. to the
dolar) to $50, SO6,5O0 and he adds that the gross
produce of lS47 was greater than 1916, by ten per
cent, and that he believes that of 1913 and l349
still greater, further remarking that the ofi-
ea returns cannot of course be entirely relied upon
quantities, admitted to be considerable, are not
reported, that the government duty may be evaded.
To obtain anything approaching reliable result
from these two averages mingled as one period o
time is with the other, is almost impossible; but if
in in accordance with MccuGdhs opinion we I'd
OO0 as the annual produce Of the five years, lS7 to
1851, inclusive, we make the gross produce from 1881
to 1851, inclusive, at 4s, to the dollar, to be $751;,
G9l 800; to this sum should be added that part OF
AcCuOch's first estimate, which is not included in
his second, (lS3036.) which would be 7-l3ths there
Of; but considering the very limited production of
these years, 4I3ths is considered sufficient, viz:
$6,Sss ,500 which would make the entire gross pro-
duct from 1880 to 1851 inclusive $l9l ISL 900,
nearly nine millions per annum.
(g) McCu!loch states that Russia produces some
silyerwor about 81 coo per annum, but for
what year how long he does not state. 1t may
be sufficient for our purposes to average this produc
ton at one million per annum from 1880 to 1851,
inclusive.
O) The same author remarks that there are no
recent reliable accounts, by which to estimate the
present QSi2) produce Of Hungary, Saxony, North
ern Asia, &C., but he thinks it may be put down at
E75O, 900 per annum. Yet very recent newspaper
intelligence puts down the produce of Austria alone
at 100000 ducats. Perhaps the average production
since 1903, may be estimated at $i,OOO,0o0 an
nually.
() The production Of gold in the United States
is Of very recent date and wac at first confined to
Georgia and Carolina but more recently the almost
fabulous Developments of California have placed the
country at the head of all gold producing countries
hitherto known the deposits of such gold at the
MINIS Of the United States, during the year 1851
having exceeded sixty millions Of dollars By the
returns Of the Mint and branches Of the United
States to the close of the year 1851 it appears that
the deposits therein for coinageof native gold were
from 1904 to 1851, inclusive, asfoliows:-
California fer gold .o; sgs ses GOO
Total. Observation-Disclosures. STA 90
Cd There are no of ascertaining what
amount of gold, from the sources indicated above
was exported or applied to manufacturing purposes; ;
but the first discovery of the in California, it
is notorious that, from the course Of trade and the
want of conveyances for the gold, much of it
went to Peru, Chill, &C.. to meet the payments for
immediate wants of provisions, &C., or to England
by the steamers and vessels of war of that nation
and although bills on London were obtained in ex-
change, the amounts were not included in the pro-
duct of the country There is doubt, also, that
no inconsderable sum has been manufactured and
others boarded by the dggers in its crude stae for
which not few have evinced fancy not entirely
unaccountabe, Casual but rather careful inquiries
will perhaps justify the estimate of ne gold thus
drawn from California, and not passing through the
MINIS of the United States at $5I ,592 900, making
the total product of that State, from 1913 to 1851
inclusive, $l50000,000. The product of 1861 sepa-
rately, it will he seen, far exceeds the highest es
mated annual production of all South America and
Mexico and there is every reason to believe that
for some years NJ least, there will he dminution
in the ratio of 1851, whilst the sanguine in
dulge in the expectation of still greater increase.
10 nuke, therefore, the very difficult estimate of
the production of gold and silver since the year
Ii92, must take the following data, as referred
to in the previous observations in detail =
1st-Humboldt's estimate (a) ........ $5447. 900
McCulloch's do. (c).......... 350,000, Voc
Jacobs do. (D............ 4036 03S0o
McCuloch's do. l9,....., 676330 600
Total, (America) ............... $6s7J s33 500
2d-IIumboldts estimate (6) of the annual
production (1S03) Of Hungary. Saxony
and Northern Asiais S5,000.0O0; and with
out any means Of ascortaining the pre-
ductions Of previous years, let that be
taken as the average from 14g2 to 1902,
inclusive say. ......... s1,55 100000
To which add the estimate of the same