Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1864-06-10
!. 0nr .Gnla FIeId. ana NatlenaI s,rarhrlh.

- Uuf l&1o4a fAetns -Al-l NAt-4Az,-t 9-HcA4Ins
s Earlv in the war when an extraordinary
expenditure and debt were foreseen, the
gold fields Of the country were pointed out
as the source Of strength from which the
Nationsl ability topsy could be reinforced.
Although Congress in eoncocting measures
for revenue has not as yet turned its atten-
ton practically to that quarter, wealth of
facts and data have been gathered showing
clearly thatth remains IN ouf mineral
lands debt-hquidating capacity and resOur-
ces, which no other nation possesses. The
gold products Of G Californiaalone since 1850,
isestimated at $500, 100000. In 7S54I5-
g, the gudcksiTef Of that State also am
opnted to 81, ,819,s36. In 1866, 212-
194 SO ounces of silver were deposited at
the San Francisco mint. In 1852 the re-
ceipts Of fssilyer were about $4,000, ,OOe.-
mi 1853 they were 81 ,43s, ,9I5; from Wa
Shoe, $1l, $50, 912 /; from Esrneralda, $751;
900. The receipts from the south coast
were $4I0OO0in the same time. MaripOsa
Yields $50, 900 per month, and Grass Val
ley as much more. Then ten per cent IS
eustomarily added to the receipts from nor
thern and southern mines, in order to cover
arrivals in private hands The San Fran
cisco Market Review of January of the cur
rent year estimates $55, ,00e, 900 as the pos
sible product of the precious metals on the
Pacific coast in 1864. We have preferred
to credit it with only $40, ,O7l, 900, the ac-
tual ascertained shipments. But the diff
ference amounts to $4,000, 900. The
value of gold bullion deposited at the San
Francisco mintin 1868 was $l9, ,2os, ,56lO;
the total coinage was $19, SIS, 400; the to-
tai silver coinage in the same period was
s70s,o 81. Of the gold received from
other than State sources, Oregon yielded
143,281 SO ounces; British Columbia 23,-
912 S6 ounces; Nevada 735 o. ounces and
Mexico ia SO ounces. Our total specie
export from January /, 1854 to the middle
of May has been $l9,s16,7se
Let this state. OF. affairs be supposed to
continue, as well it may, and the results
upon our national wealth and industry can
not be easily oveF-estimated. What, then,
will be the result when Idaho, organized
only in 1868, Arizonia, born in 1858, Colo
RADIO, in 1861, Daeotah, of the same year,
NeYada Just admitted, Utah, Washington,
Oregon, New Mexico and the other new
territories, with an area of 1851, ,425 sq'r
miles, which even now, yield richly, are de-
veloped by a greater population, larger re-
sources and moreindustry! They are all
rich. In Idaho gold is found not only in
placer diggings, but in quartz lodges, from
which it is more easily separated, than from
the npyrites of California. That recent
7 ly assayed yielded 2s per cent. of fure gold.
Judge Doty, Governor of Colorado, after
travelling through Idano, wrote that if ''the
United States, could work any one of the
mines of Idai.S, ), would yield enough to
pay offthe rational debt Mr.. E.E. Dun
bar, writing to the Travellers Club of New
York, from the new mineral fields of the
Rocky Mountains, says:
''Though they are now yielding an hun
/ dred millions per year, l believe that some
who now hear me will live to see our yield
of precious metals thousand millions a
year, As it is, we have $2l, ,0O0, 900 more
gold on deposit now in New York, Phila-
| delphia and Boston than we had when the
rebellion broke out. Our receipts at New
York since the 1st of December, 1850, ex-
ceed our shipments by s16, SOC, 600. The
excess in gold production of the Pacific
States, within the time given, over all ship
ments to Europe, China and New York,
is estimatad at s25, 100000 At the same
time our exports of domestic produce in
third year of the war were S7S, ,476,O ,O0C
millions greater than in the second year
which gives to the gold greater efficacy,
If we add 5000, ,000, 900 to the debt ae.
count the present year, we shall have
twelve to fifteen hundred millions aecumu.
lated profit with which to meet it; and SC
on in coming years, indefinitely; for the
wealth of the land is beyond any possible
bankruptcy.