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

In 1850 the quantity Of pure gold prodnes Y oe
IN E Assse1 A Mss and Asia exclusive II china
and Japan - Z. = io'Nis
ro,a, nro,,ce 4. :. II so5.a5o
asa2E Il British standard gold-f .s22
The above quantities are probably less than the actual
OF the private mines heavy varying from Y 20 "A
cent in Austria they amount to 10 Y cent IN Brazil
% cent and are understood to lead 70 greaS aea
II smuggling In other countries such as tne United
states where there are duties the gold and stated
the tae are only the quantities broggn. 70 ins ms
quantity used jewelry and other arts and anufsc
The above iuuerect though they be. will suffice
to show that the produce gold in the world has greatly
Increased in the last few years 1t would spprar that IT
has risen from 14674 b in 1886 to e $50 ID IN 1850 In
years has been at the rate OF 2l9 u
cent while silver has only increased from 19190sf ID in
1916. to 2ee33s6 Ii in 1850. OF 341a (ai = cent The
rate Of a fl381 p cent p annum and the latter at
$50 U cent The greater part OF the increase ~ ~
IN Mexico which is doubtless owing 10 rcsy e r,e
and greater skill 1t would not therefore, pc sac 10
upon such an increase every year Da. We arc Ger
larly increasing throughout the world IL may De esti-
mated at average of 2@ q cent q annum:
1t is remarkable fact, however. and worth recang
that in the country where the greatest increase OF silver
has taken place. there concurrenty ioss OF thou
sands Of pounds Of English capital by the various English
silver mining companies projected to work mines ~ mex
leo between 1924 and $780, have been successful some Of
mining was nrosnerously conducted by the Mexicans
This to have been owing to want OF or
control the mischief Of share obbDg in the Eng
ish companies but whatever may have been the cause
the natives of that country have FOUND ver mining 10
be profitable The profit of f240oOt year OBJ
tanned by the old spanards from the mine
profit larger than all the tin and copper mines 0! England
put together is generally looked upon mofc as
reality by those who have heard casually OF silver
mining as conducted by English companies Ine English
gold mining companies have done better and probably
had they some twenty years ago the skill and know
of the present day they would have been nightly
The quantity of gold produced America at the begin
ming of the century was according Humboldt 46 3l b
Troy of silver 2131To ii In 1876 the produce OF
gold in America had fallen to 255e3 ID Compared WITH
the silver then produced, namely. l59443z hi the gold
was therefore sixtytwo tes less than the silver In
1850 the yield of gold In of the great dis
coyeres in California in 1913, had risen to 26li3l b,
being in weight only eight times less than the weight OF
| the silver. s.
ing Africa parts of Asia at the
of the century. In somewhat greater ratio being
Ii of gold 40 lbs of silver in the year 1915 the pro-
duce Of gold ncuding Africa but excepting China and
Japan at the rate of one to seventeen In 1850 the
produce of the countries had risen to one OF gold to
regards produce of gold last in California it
would appear that it must have amounted TO about
81 lis SEQ dollars equal to elSeai me yiea Oh inc
South Wales, and at Mount Alexander and bunnyong
Victoria may stated fully G1o0oooo Hence there
Troy of fine gold the total produce of gold in 1851 being
therefore 4e5ss2 fba at ESQ 19s SID b pure gold
equal TO tz4594Uoo. Iucfe ID Hucu " Deefe
e the comparative table, that the annual produce Of
silver steadily increasing say at the very low rate
of 2k n cent. The yield Of silver in 1851 Will thus be
229 go fb Troy equal TO S900S900 Consequently the
total of the produce of gold and silver last year
.e340O2e66.
But large the produce of gold is thus shown have
been last year in California and Australih 1t IS ey
be increased greatly this year it being confidently ex
pected by the Americans that the recent discoveries
very rich deposits in districts of California will
raise the exports the twelve months to equa
to Ell 666 This, is very moderate allow
the exports alone in the first three months arc
known have amounted to S3900000 more than those
corresponding three months of 1851 while as re
CARDS Australia late from that quarter makes it pro
the produce there will at least amount to one
half of the yield of California in 1850 or R605OO00 T
exports merely. from Australia. up to January 10, al
though gold dust selling as low as T. us ounce.
have amounted to 2S4 600 ounces to
part of the yield about four months digging Should
countries only yield at the rate as in 1850
1851 namely f6654522, this, added to the produce
California and Australia will amount to f5569o le5
G64032 lbs Troy. Estimating the increase to the yield
silver cent. the amount of silver for this year
27sS 30 lbs; at 4e3 Is q tb equal to f9234l22 TIL
value Of both gold and silver for the present year
therefore. 942 9303lo.
The average yearly coinage Of gold during the frs
thirty years of this century was
In Great Britain / 1. a
g United States ACKNOWLEDGEMENTS. $4,000