Ashtabula telegraph. (Ashtabula, Ohio) 1874-1880, 1874-06-27


is melted into bars. The averag,
silver bars weigh from 2,4OO to 800
ounces, and the gold bars are wortl
from $50 to $4,000. A few month
ago, the Anglo Californian Bank re
ceived one Of the latter value. Tn,
bars range in fineness from 500 t.
800, the average being about $50. a
great proportion of the fine bar.
come from Victoria, British Colum
bla. Silver comes in bars of all sizes
The bank of California has had
one bar of 1901 ounces, or I24
pounds, sent to it. The gold and
silver from the bank are sent to the
refinery to be- refined. Formerly 3
good deal of silver used to aceunu
late at the banks, but now it is ship
ped quickly by the railroad. What
remains over night in the banks is
being in the shape ofbars, placed OF
trucks and run into to the vault, til
it is sent awayt the next day. The
silver is shipped to China, Japan,
and England. 1t is interesting to
detail
HOW THEY ARE SHIPPED.
At the country bank it is received
in all conceivable shapes-in plain
bars packed in buckskin bags, IN tin
boxes, and even in old cans. Silver
coin for exports is always put in
square dovetailed boxes. Silver
bullions come in plain bars. When
sent from the bank, it is put into a
large bag, from which it is taken
when brought to the railroad cars
and placed on the floor Of the car.
In this way it is brought to the city.
Most of the gold and silver is coin
ed here and shipped away by the
firm of Wells, Fargo & Co., which
has agents at every principal point,
on the railroads, whose duty 1t is to
receive and check it. On this car
are a number of men armed with
small arsenal shot guns and navy
revOlvers. They accompany the
treasure. When shipped East it is
is put up in little boxes of pine wood
with screwed lids, each containing
about $4,000. Wells, Fargo &
Co. have about 600 offices on the
coast, and employ 1850 men. The
offices extend from here to the Mis-
souri, River, and they have regular
agents at Liverpool, Hamburg, Bre-
men, &c. They have agents on all
the trains. It takes fifteen men to
run a treasure car through from
here to Ogden, and there are from
two to six and eight on all save some
of the smaller lines, while on days
when there is any considerable
amount of treasure they .haVe an
armed guard. In sending to Mexico
4 treasure room is engaged on the
steamer in which the treasure is
packed in boxes or bags. They are
put in a square safe, which viii hold
525O,OOO. Silver is almost always
shipped in bars. For the carriage of
gold from Fort Shaw in Montana,
lear the boundary of British Colum-
oia, TO this city the charges is J.
rs per cent; for carrying silver 1t
s 81 per cent on the value. For
horter distances there is, of course,
reduced scale of charges. Now
vuAT RECO4rrs or ATI Tu1 coin AND
SILVER?
in the first .place, $I.O34, ,537, PAS,
las been sent away from San Fran
isco through regular mercantile
hannels, during the last quarter of
century,. Nearly all this went by
ca, though the amount exported In
hat way has been growing smaller,
,eing not only a small proportion of
What it was a few years ago, before
overland was completed. Of the
,alance, about $4O,OOO,0o0 worth
xists in in the shape of coin, jewel
y, ETC., on the Pacific coast; $780,
100000 has gone East by express,
,ost office, and drafts, while the
,alance has been shipped from Utah |
Nevada mountains, Idaho, Colorado,
Jew Mexico, Arizona, Wyoming,
oregon, Washington, and British
on the railroad since Its
or by other means, OF
previously, and carried
way by private hand. Of the whole
mount, more than 81, 100, 600 900 |
7orth has reached England. chiefly |
" wav New York. OF that ex-
orted bv sea, more than half has
.one direct to New York, about
200, 100000 directto England near
' sI2O, 100000 to China and Japan,
nd the balance to various other
ounrties.
ONE NOTICEABLE CHANGE,
ccurring of late wears, in the char
cter of our bullion product. For
lerly it was all gold, or nearly So
n 1859 we began to obtain silver,
,hen the yield of the argentlferous
,des of Nevada astonished the
,orld more than did the Placers OF
california, and ever since, year by
ear the quantity of silver has been
,creasing while that of gold has
earIv oII The time steadily decreas-
! last wear the yield of silver on
Ie he Pacific Coast slightly exceeded
bat of gold. We have furnished
he world with gold; we shall fur
;sb it with silver. That the silver
needed may be we'll understood
hen it is known that Iudia alone
,quires $500, 100000 worth of silver
supply her wants in this respect.
IS to the future prospects, the sill
er yield of Nevada, Utah and Cal
ornia is continually increasing, and
le gold yield of the coast will in
rease so soon as the vast unworked
nd almost unknown resources OF
lis State are developed. 1t, in fact,
lay be considered that the resources
uriferous and argentiferous, of this
oast has as yet only been tested and
nat the developement has yet to
ONE. The Rocky Mountains, the
ackbone of the continent, the Sler-
A Nevada and the connecting % I%n
es. have, as vet, but been partlaIl4
respected, and may be conSiHeIeu
he ;nexbanstible storehOnse OF the
.a,l1 4