The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-06-15

The Ytold OF Precious Metals, Gold anu
An article in recent number Of the Commercial
and Financial Chronicle gives some very interes-
ting statistics concerning gold and silver. The
following are abstracts from synopsis Of the ar.
tcle by the Epentng Post;
| - AMOUNT OF GOLD m, E11sTENcE.
| For convenience We state the gold values given
in the following estimates and tables In millions ol
dollars The estimated amount Of gold in exis-
tence at the commencement Of the Christian era
149e, this amount had diminished to $57, 100 600.
LIZ 1000 the amount had risen $105 600 000 In 1700
to 1851, 600, 600; in 1900 to 8, ,251. GOO, 600.
L The Russian mines, extending over one-third OF
the ssrvioe of the globe on parallel ftyeaUe de. %
lS4S the estimated amount Of gold in OK stence
was s., ,0O0s Ntxt followed the discoveries
lin Catfornis, February 8, 1848 and in Australia,
February 10, 1851, which added enormously to The
gold production. In 1853 the amount in existence
Twas 1000 00o, 900; In 1840 it was 1000 600, 600
TO account for this vast increase from A. D,
1900 to 1860, We give the estimates that from the
discovery IN 1873 to the close OF 1850 the Russian
mines added $746, 900 900, and the Californian and
Australian discoveries added ut least ito the same
year, 50 000, 600 600 more. sss. .strr.. -
~ MINING PRODUCT. 4', @
From the commencement Of the Christian era to
the discovery Of America it is estimated that gold
has been taken from the surface and mined to the
amount of+$3 800 900 OO0; from thst date to the
Eclose Of isal, % 800 900 1850 Rnssis adds
y46, 1000 and California and Australia ss,OOO,-
The annual average product Of gold at the COM
mencement of the Christian era is estimated at
S. 600 600; at the discovery of America this pro
duct hsd dminisned to 500 600; in 1900 II had in
1900, to SIS 600 600 in 188 to $S 900 900 In 1885,
to $S8 600 600 in 1853 to $2S8 000 600 there WAS
Subsequent falling OF 30 thst in 1850 the pro-
duct Was only $210, 100000. >.
estimated st one-tenth Of one per cent; the loss
by consumption in the arts and by fire and ship-
wreck is calculated ct from one million to three
millions per year. s..Ie.,. :. :. : ..
GOLD PRODUCT FOB EaHTEEN YEARS.
statement Of the gold production Of the world
for q period Of eighteen years from the California
discoveries IL given. This gives an aggregate Of
producing nearly one-thrd Of the grand total, and
Australia and New Zealand producing nearly one
fourth Of the amount. The average annual pro-
duction for the same period is $1S5 6S8 1888, which
is an actual addition every year to the worlds
stock Of gold.
SILVER paopuoT1os FOR THE SAME PERIOD.
The total production Of silver is also gwen for
the past eighteen years. The amount is esti-
mated at 81 $40 400 Co., which gives an average OF
$50 40 in silver to $185 6S8 1888 in gold From
the tables gwen IL l6 seen that the sunual nCroaSo
Of SILVER since 1S47 except IN the United States Is
very moderate; while the annual gold product is
constantly increasing from new discoveries, and
especially from the application Of scientific pro-
cesses to the extraction OF the ore. ~. -:
- GOLD COINAGE.
We give the following statement to show the
enormous increase in the gold coinage Of different
countries In the decade 850-1S60, following the
double discoveries in California and Australia !:
From I792 to the close Of 1860, the total gold
coinage of the United States amounted to t61O,-
GOO OOo of thistota the large proportion Of sSS9.
the period extending from 1726 to 1860 7,7OO, ,OO0
600 francs Of which 2O0 600 900 francs were coin
ed after 1850. Russia coined from 1850 to 1850,
220 0OO0, 900 roubles, out Of total coinage since
1854 Of 4S6, 900 coo roubles. Great Britain shows Q
coinage in ten years from 1850 Of f54 900, out
OF f259O 600 coined since 160S
ESTIMATES AND EXPECTATIONS.
In 16SO it was estimated that, in the course Of
the coming decade, with the explorations then in
progress, the total gold product would be one mil.
lion dollars daily. These expectations have not
yet been realized.