The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1863-03-25


tanned. The discovery and extensive working
Eofsthe Russian mines d ded, to the close Of
1852, six hundred millions more. The doub-
ie discovery of the California mines in IS4S,
and of the Australia mines in 1851 has added,
tto-the present time, twenty-one hundred mill
lions ; making a grand total of ninety-three
hundred millions of dollars. The average loss
lby wear and tear of coin is estimated to be
lone-tenth ofone per cent. per annum and the
loss by consumption in the arts, by Gre and
sAipwreck, at frem oae 20 three millions per
auuuaa. p
A cubic fsch Of gold is worth fat E 8 It's.
i105d., or SIS. 96 per ounce two hundred and
ten dollars a cubic foot, three hundred and
~sixty-two thousand eight hundred aud eighty
dollars; a cubic yard, nine millions miro han
drcd and seventeen thousand seven hundred
and sixty dollars. The amount of gold in cx-
Iisteuce, at the commencement of CAristiaa
era, is estimated to be four hundreda and twen-
ty-seyen millions of dollars at the pericd of
the discovery Of America, it had diminished to
ffty-seven millions after the occurrence OF
that event, it gradually increased, and in 16-
90, it attained to one hundred and FIVE mil
lions in 100, to three hundred and fifty one
millions in 1900, to eleven hundred and
twenty-five millions in 1S43, to two thousand
millionss and at the present time, the amount
of god IN existence is estimated to be forty
eight hundred millions of dollars which, well
ded into one mass, could he contained in a
cube of t~wenty-four feet. OF the amount now
hin existence, three Thousand millions is estima-
ted to be in coin and bullion, and the remain.
der in wa'ches, jewelry. plate, etc, etc.
The Russian gold mines were discovered in
1918, and extend over one third of the cir
I conference of the globe, upon the poralled of
$50 of north latitude. Their product, since
their discovery to the present time, has am
mounted % eight hundred millions of dollars.
The California gold mines were discovered by
William Marshall, on the ninth day of Febru-
4 airy. 1913, at Suffers Mill, upon the Aneri-I
\ can Fork, a tributary of the Sacramento, and
extend from $40 to Ago of north latitude.
i Their product, since their discovery to the
present time, has amounted to one thousand
and forty-seven millions of dollars. The Aus
tralia gold mines were discovered by Edward
Hammond Hargraves, on the twelfth day of
February, 1851, in the Bathurst and Weliinh
ton districts, and extend from 500 to $50 of soat
latitude, Their product, since their discovery
oil the present tiaae, has amounted to nine hun
dred and eteven millions of dollars. The f.
nest gold Is Obtained at Ballarat, and the lar
gest nugget yet obtained weighed twenty-five
hundred and seventeen ounces, valued at for
tyaene thousand dollars. In shape it resem-
bted a continent with a peninsula attached by
a NARROW istAmus. The annual product rof
gold at the commencement of the Christian
era Is estimated at eight hundred thousand
dollars at the period of-the discovery of A.
merica it had diminished to one hundred thou.
sand dollars after the occurrence of that
event it gradually increased, and in 1900 it at
tanned to two millions ; and in 100, to FIVE
millions in 1900, to fifteen millions lin 1913,
to thirty-four millions in 1850, to eighty
eight millions in 1852, to two hundred and
thirty-six millions but owing to the falling off
of the California as well as the Australia
mines, the product of the present year will
not probably exceed one hundred and ninety
millions.
Since 1892 to the present time, the gold
coinage of the United States mint has amoun-I
ted to seven hundred and forty millions of
dollars, of which six hundred and ffty-f Eve
millions have been issued since 1850. The
gold coinage of the French mint, since 1926,
has amounted to e~ighty-seven hundred mil
lions of francs, of which ffty-two hundred and
fifty millions have been issued since 1850. The
gold coinage Of the British mint, since 1908, |
has amounted to two hundred and eighty mil,
lions of pounds sterling of which ~teventy-
five millions have been issued since 1850. The |
gold coinage of the Russian mint, since 1864,
has amounted to five hundred and twenty-six
millions of ~roubles, of which two hundred and
sixty millions have been issued since $780,
The sovereign of England contains one hun
dred and twelve grains of pure metal the
new doubloon of Spain, one hundred and ff
teen the half eagle of the United States, one
hundred and sixteen; the gold lion Of the
Netherlands, and the double ounce of Sicily,
one hundred and seventeen grains each; the
ducat OF Austria, one hundred and six the
twenty-franc piece of France, ninety; and the
bali imperial of Russia, ninety-one grains. A
commissioner has been despatched by the
United States Government to England, France,
and other countries of Europe, to confer with
their respective governments upon the expo
dlency OF adopting a uniform system of coin
age throughout the world, so that the coins
of one country may circulate in any other.
without the expense of recoiuage-a censumZ
nation most devoutly to be wished. The fact
that the large amount of gold which has been
thrown into the monetary circulation of the
world within the last fourteen years, has ex-
erclsed SO little influence upon the money mar
ket or prices generally, is at variance with
the predictions of financial writer's upon both
sides OF the Atlantic. The increase in the
present production of gold, compared with for
mer periods, Is enormous /; and it would not
be surprising if, in view of the explorations
which are going on in Africa, Japan, Borneo,
and other countries BORDERING upon the equa-
tor, the product of the precious metals with.
in the next decade should be a million of dol.
lars daily The price of gold has NOT dimin.
shed, although the annual product has in-i
creased hNefod within twenty gears.
POLAND. q
The lates 2 reports from Earepe show TINT t
The revolution in PoIala is gaining stre moth