The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-06-12

All the world IS interested IN the WOIlus pIO-
duction OF the precious metSs' 10 Tatfv
public curiosity, and, possibly, solYe pOuNVV
Economical problems, by estimating the amount
of gold in existence at different perloGs. lhese
calculations are curious and interesting, and
possibly correct
AMOUNT OF GOLD IN EXISTENCE.
Ror convenience, we state the gold values
given in the following estimates and tables IN
millions of dollars. The estimated amount or
gold IN existence at the commencement OF the
Christian era was S427 900 OO0 AT the discovery
OF America, in 1892, this amount had diDnished
TO S57, 900, 600. In 1900 the amount had risen to
1896 OOO OOO in 100, to 1851, 900; in lSOO to
81 26I, ,000, 900.
The Russian mines, extending over one.thrd
of the surface of the globe on parallel hfty.dye
degrees north latitude, were discovered In 1919.
In lS43 the estimated amount OF golu, IN exist
Coveres in Cali iornia, February 8, lS4S and In
Australia, February IL, 1851, which added enor-
mously to the gold production, Ia 1858 the
amount in existence was $4,000, ,OOOOOO; IN lS6O'
TO account lor this vast increase, from A. D.
1900 to 1860, we give the estimates that from the
discovery in 1919 to the close sec OF lS9o tne @ K9s-
sian mines added $746, 1000, 600, and the Cali
. fornia and Australian discoveries added at least
Ito the same year. 81, 600, 100000 more.
MINING PRODUCT.
From the commencement of the Christian era
to the discovery of America 1t is estimated that
gold nad OeeO taken from the surface ana
mined to the amount of SO 800 000, ,000 from that
date to the close of l942 $780, 600, 600; TO 1860,
Russia adds STAG, 900 and California and
Australia So, ,000, ,000,0 more. These are esti
mates; We shall give, presently, tabular state
ments of the worlds production for period of
eighteen years, which will convey q clearer
idea OF the amount and increase from year to
year.
The annual average product of gold at the
commencement of the Christian era IS estimated
at $S,00O00O; at the discovery of America this
product had diminished to Sl00,000; in 1900 it
had increased TO So 600 900; in 100 to So 600 OOO
in 1900 to $4,000, 000 in 1643 to S34, 900, 900;
in 1850 to SIS, ZOO, 600; IN 1853 to $780, 600 0O0
there was a subsequent falling off, so that in
1860 the product was only S2l0,000,000.
The average annual loss by the wear of coin
Is estimated at one-tenth of one per cent; the
loss by consumption in the arts, and by fire and
shipWreck is calculated at from one million to
three millions per year.
1t is not claimed that these estimates are en-
tlrely correct; they are approximately so, no
doubt. The annexed tables were carefully COM
piled, and they are believed to be correct.
GOLD PRODUCT FOR A PERIOD OF EIGHTEEN YEARS.
We give the total gold production of the world
Tor period of eighteen years. from the Cali
tornia discoveries to January, 1865. The first
fifteen years are given in periods Of five years,
and in the last three years the amounts are
stated separately. The value of the products is
stated in millions of dollars, and to economic
space we give only the figures for millions and
hundreds OF thousands
PRODUCTION OF GOLD, 1S4S-1S65
-Quiuuuennial Periods