The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-31
FINANCIAL.

TIE three important ceNters Of gold pro-
duction at the present time are Siberia, the
United States and Australia. In Siberia
the product since 1859 has averaged about
S27 10000 year. In the United States
the production has decreased rapidly. Mon
tana, in 1866, produced SlS,0OOOO of gold
now it does not exceed $2500,0O0, From
1854 to 1872 Idaho produced annually over
S5000,0 900, and IN 1880 its product was 500
900. Oregon and Washington Territory
have declined 70 per cent. in their gold pro
duetion. California has passed through the
three habtual periods OF ger production:
q The Washing w of The river n anS % tGs
excavation of the deep leads" and veins,
and the annual production is now from $751;
600, 900 to $l7 100000 The total gold pro-
duction of the United States amounted in
1873 to S47. 2j6, l07; in 1879 to S3S,90O, 900,
and in 1880 TO $3.50, 100000. In Australia the
production of gold has followed the course OF
California. The yearly average from 1856
to 1890 was $60,000,0O0; in 1879
it had fallen to $27, 100000. The story is
everywhere the same. The abundance of
gold is obtained from the deep allu-
Vium, and when this has been exhausted,
and need requires the excavation of the
deep leads and veins, the production ceases
to be profitable. The old countries have
completely ceased producing gold, and it is
only in regions yet unexplored that there
can be hope to discover fresh deposits His
tory records the finding and production OF
gold in Asia, beginning at an early date,
but the sources OF this supply closed in the
middle ages. In time the European fields
wore exhausted. After the discovery Of
America, the Spanish possessions yielded
much gold, but no gold comes from those
parts now. From 1900 to 1875 the produc-
lion of gold in South America was nearly
81, 100, 100000 The alluvium beds having
been exhausted, the working OF the veins
was begun, with no profit, and the annual
profit has fallen to less than 81 800 600.
Among the gold-producing countries of an
cient times. Africa took the highest rank,
but the richness in gold Of the African con
tinent is thing of the past. 1t yields to-
day about 81 200 COO though since 1895 AZ
RIGA, it is estimated, has produced $4,000
100000 of gold.
THE latest news from Japan states the
government is about to establish central
bank, with capital of $50, 100000. The OBJ
iect to be accomplished is to render thu
government independent of foreign banks
and to encourage direct trade.
The Mutual Union Telegraph Company
$1,000 miles of wire in use, and is rapidly
extending its lines throughout the country
Offices are open in all the principle cities in
the North, East, West and Middle States,
and the new company premises prompt and
efficient 81 ice to the public.
The am rpt of money expended in build
ing opera Jns in Chicago this wear was
: $ll 10000 ami The prospects arc thai next
year will see IN equal amount expended IL
not more.
1t is curious fact that Sl50OO,OO0 Of the
fractional currency has not been presented
forredemption. The greater part Of this
amount has been lost or destroyed, while
much Of it has been filed away to be held
as a Renaissance. In time it will COM
inland premium from curiosity hunters,
but the government is gamer all the sal E.
Gold to the amount of $4l50OO was
brought to San Francisco by the Australian
steamer. The Germania landed $50, 900 at
New York from Europe
The balance of trade in favor of this coun.
try for the present calendar year will be
about $l00,000.000.