The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-09-04
GOLD AND SILVER,
SIXTEEN HUNDRED MILLIONS
DUG OUT ON THE PACIFIC
COAST


=, -. a.. .xn.ndad idass Il
NotwnDstsnaing .ne .h,osd and AZ |
CAhiorhiA Wssltn 'hs' 80 fac 40 Iasrn
nome, WIN surPfse "a silvar
that one.thifd Of all The goio anu siVer
coined and uncoined IA ciieuiasioh ia tne
world. and n half of that used Ia America,
Europs. and Austrslin, has been the pro- |
du,, of tho Pacific coast from lS4s to |
1874 The precious metal product OF the l
coast. hs, nearly eQualsd = value Of $l,-
600 OoO 600. the extact figures being |
81. bsS. SEA. va. Of which Sl,847 500 COB
was gold. and S23G, 1856, 43l silver. But
for the immense product poured INTO the
Golfers Of commerce, IL Is difficult TO I'M
agine how tho could have been carried
on, enormous ~ It's increase has been
without y corresponding depreciation in
prices, or vest expansion Of the system OF
credits and paper money. To the United
Btatos. in particular, 1t has supplied nearly
$4,000, 900 Of all the precious metals used
10 coinage and the arts since tho founda-
VI the government, The total amount
coined up 70 the end Of 1873 was nearly
| $3.50, 100000, of which sIoO,oOOOOo was
from California gold aud silver What
would have be done without this, and
how commerce could have been carried
on with foreign nations, are questions that
are puzzling. II seems, indeed, thai the
general progress OF not only the fscihe
coast, but Of the whole nation, would have
boon very ssnsibIy Retarded. kngisnd'
Se,is,s ~ o,hss n s.ga sna nj. III,
~" 80 .blsd Co do bv mssns 81 ,he
aaid md silver product Of Americ. and
| ACKNOWLEDGEMENTS the former. A, lsas,
| Ave ,hou,and millions of this sum. hiring.
inc a ysarly interest of Two hundred and
attv millions. has been dsrivad from ,bs
Pacific coast. Nearly ali thai we havs
| ssnt ssst. and SlyO. Oo0. 600 mora. bss hcsn
;o.nsa some half a dozan tim.s Eno.
and lands vold obtained from the II ni,sa
s,.,as in s9chsnve far uoods A. Er.nc.
F,.ncs nsys i, hack again for uarehsn.
disc. Then II ia borrowed bv I,armsny
s.c,urss whan =, i. ss.in Io.n.S 10 Rn..
30, .na ~ w, 10y W." sy'.sm one aol. ~,
eom 'vmes'"es maas 70 pelio.m .ns
wot. VI oc%sn, sno nsnec u 'hAs tns
espnai"" oil England grow rich Oh tht
hsnaiing Oh the product Of our lodes and
plAeers.
VI the whole yield california has pro
duced thrse.fourths, or sl,094,9l .Oss
nearly all gold, with small sPrinkling o
silver 1. 10 thought that there exist
mammoth silver lodes In various parts o
the state, but they all pale their inefiect
usl nres before the wondrous ores OF Ne
s vsda. This state Gomez next. having pro
n duced since 1860 upward Of 1921 ,4Ol Al
IN gold and silver, thrse-fourths havinl
come out OF the wonderful mines OF tn
(, has been silver, although IN many mine
II the gold forms at least ens-third Of th
d precious metalo yieldsi la the ASSAY
,. Utah, though long known NJ . eountr
rich in the precious metals, has onl
=, lately been . producer of them. Th
I, Territory has produced, 1887, 527, Prin
cipslly silver, and 10 increasing In produe
q tion at great rate. 10 fact, its resources
IN this way are simply inexhAustibl
y Montana arst became known in 1872, an
for two or three yesrs its plaeers gay
10 r:criss. but they have lately ceased
J. slo muSn, --a quartz mining 10 M
a oeing pusnsd WIN sufficient vigor to max
msnus lot inc failure OF To
, psssr; ~ Ia: Pioauced ,oo .isogethe
/