Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-05-20
VaAr sECoMEs OF THE COINS

Nunk btNSeA~@ /
standing question not yet satisfactorily
solved. Millions upon millions Of them
are constantly manufactured. and sent
forth 70 DO absorbed among the popula-
ton of the world. yet nowhere IL to be
found any useless concentration or over
plus Of pins. Everybody uses them. A
paper Of good pins will last . careful
bachelor all his life. and some bs left
for Others to use after no 10 dead.
Even the ladies use them over and over
again many times before their gradual
destruction or loss necessitates the pur-
chase Of q fresh bits worth. What few
are used or destroyed by children In the
way Of Ash.hooks. or to bend up for
others to sit upon. or in various other
Juvenile requirements, count somewhat
In the general destruction and disappear
anes OF them. yet in all wsll-regulated
communities pins al DO picked up
almost anywhere. without tho need Of
buying any. In fact the world seems to
be saturated with pins. 30 to speak. but
the extensive manufacture Of them goes
increasingly forward all the same. the
supply never exceeding the demand.
What becomes OF the coin? IL equally,
II not moro OF . problem. From the
earliest history Of the universe, and by
the various peoples and organized ns-
tons thereof coins have been made from
the precious metals. and among the ruins
OF the old world ancient coins are found.
the date Of whose manufacture o il beyond
present existing history. Throughout
all past ages coins Of various denomina-
tons have been c~opiously manufactured.
and the mints Of the present time are
daily turning them out by bushels, yet
nobody. or at least hardly anybody. ever
complains Of . surplus. When and how
IL 1t all absorbed3 where does it so to2
The lost and found coins Of former ages
find their way into cabinets Of curiosi-
ties and numismatic collections, or are
remodeled and modernized by reproduce
ton at the mints. Among the coinage
Of the present day are to be found plenty
OF coins worn smooth by o generations
constant handling. some dating away
back into the past century. Many are
lost in the CONGREGATIONS Of cities. yet
the molten mass is generally recovered
from the ruins and made into coin again.
What little Ia used in the manufactures
and arts frequently finds Its way back into
coin again. A small proportion il lost
through misery boarding and conceal.
msnt. or lost at sea, yet in both cases
much is subsequently, recovered. and
certainly what coin 10 lost in stocks.
poker and other human speculations, Is
simply transferred from one mans
pocket to that OF another. The wealth
Of . millionaire is popularity supposed
to be extensively represented by strong
boxes and huge bags full Of coin, yet
the reality shows very little Of that sort
Of accumulated wealth. except in bank
vaults and in the national treasury. All
the while the bullion outpour from sstab.
lishsd mines, and newly discovered pre-
cious metal deposits all over the contin-
tinsnt and the world. steadily increases,
and more mints are required. for the
supply OF coin never equals the demand.
Gold and silver cups. vessels and per-
sonal adornments abounded among the
ancient races, and the vast riches in
that respect found by the Spanish con-
qusrors among the natives Of Mexico
and Peru are Q matter Of school taught
history. A dozen years ago quite an
excitement was created by the discovery
Of gold and silver ornaments, images
and relics in the ancient graves or
"huacas " OF Costa Rica. According to
estimates formed from the growth Of
heavy forests In those old gr~aveyards.
and other indications, as we'll as the
rude antiquity Of the relics themselves.
they were ct least l4Oo years old. All tho
graves contained more or less Of these
dssirablss. some as high as forty or hfty
pounds. These earthly treasure trovss
were eagerly sought for and resurrectsd
to be added to the precious metal wealth
Of the world. In this latter instance the
moral is plain-peopls DESTROYS Of hav.
ing their last resting place undisturbed
by the avaricious vandals Of the future
should leave their valuables behind and
not sslhshly take them into their graves.
The San Francisco Stock Report Of the
18th instant contains q well written con.
tribution entitled "The Present Phase
Of the Silver Question" from the pen Of
Alex. Del Mar. member Of the U. s. Sill.
YER Commission. an authority OF
acknowledged high competence and abil.
ity on the subject. It is an exceedingly
interesting article and the substance Of
its purport is given in the following
extract
Ny tables cover . period Of many years,
and prove net only that the stock Of coin
In the world 10 much smaller than 10 COM
monty supposed. but also thar ID 10 dwin.
ding away and each year becoming less
and less.
Two very important questions occur in
respect to this state Of facts. 20 amply YER. |
lied. the o historical and scientific, the |
othsr political and practical.
First-what has become Of the snor.
nous Quantities Of the previous metals
produced In North and South America and
Australian
Ssoond-0f the stock now on hand in
the world In the shape Of coin and bullion. |