The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-04-05
From the Richmond Enquirer.


Tine great feature in the Of The week the woa.
deu accounts OF the gold production in Australia and
California.
Two millions OF dollars arrived in New York from
California Monday, and the accounts IRON The mines
Of s increased discoveries, and OF undlminisbed
success in mining operations The estimates oil the yield
from that quarter is sky millions OF dollars for the cur
rent year.
Yet inviting as is the field for amassing wealth in
that country, the accounts are OF an immense emgra-
on thence 10 the newer, and, as believed, more pro-
ductve placers OF Australia Two large steamers have
left for San Francisco for the South Pacific III Dorado
and arrangements IN progress for The establishment
OF regular line OF steam communication between the
two gold reglons-the two maestroms of emigration.
From the interior OF California are accounts OF muir
der, robbery, and oulrages in every direction. in de-
gree Unprecedented IN The history OF that and probably
OF any county. There also accounts OF dreadful
mortality board the regular steamers carrying pas
sengers from Panama TO the California portsaceounts
which must tend powerfully, IT anything resist its
progress to check the flood OF migration which sets to-
wards the mining districts.
The emigration into California by steamers alone du.
ring the two first months OF the year. was 347S consist
ing OF men, 4a96 women, 779; and children 900.
The accounts Of the gold production in Australia, re-
celyed simultaneously with those from California, ex-
coed all that have yet come from that wonderful region
1t is believed that $4,000 600. al least will be It's product
OF gold during the year, exceeding seems the
expected product Of California by $40. 900. The
London Times, IN OF It's recent money articles, gives
exact statement OF the Australian yield in ten months,
showing the have been $500 900 pousds s,e
ling, or - 100000 The Melbourne Argus OF January
80 gives statement OF the total yield OF Australian gold
the end OF 1852, showing 1t to have been 1000 900
ounces worth To- 600 900 pounds sterling $50 900 600
The same paper gives statement OF emigration show
ing the number OF persons that arrived at Melbourne TO
remain during the 1etk oil writing TO have been a63
which exceeds the number arriving in California, from
all directions, in month. The same arrival also an
nounces that gold has been certainly found IN New Zeal
and which is not far out oil the line 81 travel between
Australia and California, and would probably furnish
convenient stopping place Tor the lines OF steamers pro-
posed between the two mining regions
The reader OF the several accounts IRON California and
Australia cannot but note the contrast in favor Of the
latter the condition OF society, TO order and moral
ty, in the two regions The difference is probably owing
to the TACT that Australia has "strong gopt nent per-
baps better suited to young society OF daring advenluTers
Than the mild way OF republlcansm.
While such immense foods oil gold as these accounts
from Australia Indicate setting into England, and
through England into the European continent very
great portion OF the California production can be drawn
towards that quarter from the United States. The future
annual accumulation in our country OF gold from Cali.
iornia alone therefore be at the least $4,000 900
The accumulation during the Last thirty years IN the
United States Of gold and silver together from all sources
has been but s235,o0ooOo, or about 100000 per an
mum and this average has been greatly augmented by
the receipts OF $780, 1885, and 1884, II is impossible TO
predict The manifold financial and social results that this
prodgious accumulation OF specie must produce IN The
future.
The most reliable statistic. show the following facts in
regard the increase OF The precious metals IN the United
States since 1927 The import OF specie from ist jan
uary, 1882, TO the FIRST OF March, 1853, from foreign
countries exclusive OF the sums brought by emgranis has
been S276 69 sal The home production during this pc
rod has been 900 Our total acquisition OF spe,
ele since 1884, shown by the records OF the mint and
custom house, has therefore been S45l ,169sAi The
amount brought by emigranis during the period OF thirty
ytas can scarcely have been less $50 000 which
wouo MAKE me grand total OF specie acquisition in thity
years S9oo ooooOo OF gold and silver dust used
IN manufactures, The figures of which do not appear in
the mint and custom house reports Or exports in spe-
ele iron The year 1921 10 the fret Of July 1885, were
slS0A92ao6 and during the period commencing at the
latter date and ending ON The first Of March, 1853 $685.
100000 were exported making total exploration in The
period OF thirty years, since 1921, of 1905 l62 400
Thus appears that the net acquisition OF specie by
the Union since 1871 has been S23i 100000 rwesuppo.e
that 1891 the cousry possessed 600 900, the pres
n amount of specie in the Union ~ about $3.50 900 900
This IL exclusive of the gold dust used IN manufactures
The most important feature OF these specie acquisitions
is exhibited by the following facts From 1871 to ls4s,