, 1879-06-21
GOLD AND SILVER.
a Now German History of Thelr Production
and Ilrlh1ivo Values.
london EcDna9tsg, ,}unS 7,

A Nntw nIH4nFF Of TltNlc Production
"a N%'|' ~, t,.,.,,., va,;,s.'
rou,ton Econo,at,t ,,uns ,.
Ao"ap'' ra,an. 1ss .,s'a. ~. ~ ,,-,,. ,f al,
ING p1ese"k t"o'nen1r "nsa ~ pt.to ~ e.
YER Is pefnaos moro powerful 'actos ~ III
1uenclng our Eastern trade and our Eastern
finance than Is usually the case. gives suit
abIs opportunity for an cu1cayor to nscerta!n
.sh.. ~, ,+o,,uctfo, ~ thc nrccIors mctn1s
aurIng tho past fsv centuries has been. A
very considerable help toward milking thfs in-
ou,ry .has been provided bg q recent work Of
=. A1a,y an.th.cr Tho drncrn.fon NJ which
la added oeiow. ,,. ID, +.
DR.. SoetGeert whose Industry and rcsenrci
aro we'll known, las examined tho principal
.,.ho,it,a. ri, thn a,,h,.ct vtt1, n n.fnf mi ti-
na.s. A.. s,,,, .,Tan, ,,n,n.s frnrn +ha
Genee' ous o"n "tne'H. pAp..n' '4o" .a.o u
report Of the bnIaIoh committee ol iotV
to the Parliamentary papers Of 1877,
hoyo been consu1tc5. Abbo Raynal, Alexander
n.,, n,r1ho1dt 1vi,,,.m ,acoh w,om ,xo NAV
wv w, ~, sa.",,,, ",,sta.s ~, tt,. .,,,ton, ~,
call the clnssleal autuots on .aia euplect' "'iu
more modern works also have nll bcen seafched.
calculations made on tne subject whey t@cy oe'
cur With strict care, md we tnay vol feol g5sse-
full to htm for l'is painstaklnE rcseafch; such
statements niust bo re9aTded ~ estimates
ocean which would 70 otherwise totally ~"
| known. The year 149o-tho year lu which CO.
| lumbus arTiycd Ut Lisbon on nus return rom
h's first, and In which hn also commenced ~ Ess
seeond, voyagc--is taken oy Dr. Sostossr o. tlo
starting point OF hls inquiry nis extlinate 10
| thpt In tlu 383 years between l4E3 9nd 1910 The
known production In weight Of Ao precious
metals .a,. vaa a. + tellows: aos3.n. ,, ,xo,-,a7s
k1foqrommts
Silver, voiQtt. 180, Gil. 4H5
Gold. weight ............".. 49, 49, -. -" 0,45a, a46
Total "a. ,......,..........'...1e 1eo. CO... $50
| Some uncertainty must always attend IN esti-
mate OF this description, especially onn which,
like the pEeacnt. eondensea an inquiry cxtsnd-
!nE over 10 grcat a length of t1me. Or. soee.
beer has natshaed the production according
TO countries. Dr.. Aoetbesr las nfao gyen an
estinata OF u,e annual total production divided
| according 10 groups Of yeass.
It Ia upon the facts as SHOWN BY this tab(o
tlat we desire to speak first. The earlier part
OF TIC tabo lnny be taken Is historical only;
but tie record shows-
and aii TIC propooftiot, Of value between Ill:
yar alul 1ol1 dropped from about sat!o Ut TO-
to about ona OF 15b, und that 1t remained at
something like tat point for about s.so etnlarie,
more
y. That tko production OF gold produced to
aliyer wus iar larger from lB5l oawasds 70 1876
than during the earlier periods.
xs Sdses sssss fen % ~ 1sS s9s Il m sss ues
from tllis atatellcut, from which It might have
.beon expected that inc value OF gold WAS nat
utalIy mure likely to drop than that OF silver.
! Va Will now lERYH th& part VI thu subject Tor
thc moment anI turn our attention to the
Weight Of gold ujN, silver coined ID the years
from 1851 to 1875, which Ur, Hoetheer bas put
forwarsl In two dItfcrept f0fns, Quo gives tic
tota)s accordiuE to countries, according 10
ueriuas In croiipE Of hYo years each. From.
iieao tables t4o following Information NAV b
derived:
r Thst t1,e weIaht Of tho silver coincd In
British india wns moro than ono.ilfth oi dc
tntsi Known aiIyer conaua 81 lhs world be,weeu
ina vtnra IsSi Huti iN7f' nearIr 1,nr t{,nes ~
isrvS m Ibat NJ Franrt ,l,rins In, ssms nsrlotI
l. Ttiot thu nron,,rttn al silver coinnro bns
~ In lii" ion vrtrs isEt.1HGS No NN'S'
rs. ns.tnt - ~ i.ss.sI.~.t,., ,.hf.h -. h.,.