The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-11-13
The wsrld's Geld and Silver Psosro,,.

NJ ooesoeer, the eminent authority
on the statistics of gold and silver
has recently published In Europe 9
continuation Of bis earlier conclusions,
ana has brought his Agures In regard
70 the worlds production Of goid
and silver down 10 tho end of 1884.
Esumatss arc given for the production
OF gold and silver throughout the
| world, Tor their consumption In the
Industrial arts, and for the annual noW
OF precious metals to Indla, which 1,
still tho disturbing fsctar in
the settlement OF commersisl mone-
tary medium. The vAius OF the gold
product IN l 81 IL placed at 1890, 90 COO.
and that OF silver ct $l2O, 900. Tnese
ngurts mean little, except W taken In
comparison with those OF prsyi US
years. The valus Of the gold produo-
tlon Is aeen, however, to bs I par cent.
less than that for 1888, 0 psr cent. less
than that for 1882 and Is per oent. less
than that for 1881. Between 1851 and
!SS0 the annual yi.ld WAS $l34, 900 900, or
~ per cent. more than that for the past
year, and In the succeeding decade, 1861
1910, It was 70 per cant. greater. Thus
mas the production decreased, not only
since the golden period OF 1850, but
year by year sincs 1850. Tho next vital
question to the fsanOier Is the uss to
which this product IL put.
1t was calculated by DR.. soetbesr In
lo,o tAss the annual consumption Of
gold In the industrial arts among civil
,z4o countries amounts to nearly $SS,-
QUO, 900. o. this tota! sun the Unitsd
S,.tss wan credited with less than
IS, 100000 The lart report OF the d.
rector Of the mint THAT for 1884 .ho ~
that that estimate FOR the United States
IL 100 small, sud according to his
inquiries, Sll,0O0,OO0 would 10 nearer
the ruth, for that year at all events, N
not for TIE preceding ones. The sum
OF &56 100000 Msy, therefore, BIZ re-
Hsrded AZ an underestimate rather
than az an exsgEerstion. If this be-
true, then there was left OF the gold
production OF l>s4 the sum Of S37, 0OO, OCO
to be converted into a monetary in.
atrumenS. A large proportion OF
gold goes TO India, and ap-
parenNy frds permanent
.nidlng-plaoe in shat country.
Every year the exports OF gold from
Europe to Asia are largely in excess OF
tho imports. In 1884 the excsss OF this
importation Of gold into India over the
expectation was valued ut SO voc, 600,
and In 1853 at t2S,0OO,0O0. since 1870
this movement has ben growing
stronger and stronger. From 1871 to
1880 this average annual excess Was
less than $S,e00,000, aud from that
nsure 1t has grown 20 sum thrice 40
large.
Tue fortunes OF silver for the same
period now deserve consideration. Al
We have 0san, the production OF this
metal In 1854 Is valued a. $l0, 900, 600.
Az IL well known, tho increase Ia tn.
siivor product hss bsep steadily adj
vancing, and last yoar saw no excep-
ton. While gold production for 1884
was per cent. less than that for 1888
thRtSof silver was 2 per cont. creator. 1t
was also ii per cent. In advance of that
for 1881 and % per cont. in eXcess Of
the average annual output In the
decade OF ls7l-lSS0. Tits unnecessary
to 70 back OF the year
1870 TO 500 the enormous develop.
ments In the mining OF silver. Since
the decade 1s5l-lS60 the gain has been
more than 900 per cent. Tho animal
consumption OF this metal In the in
GustriSl arts 10 rsckoned by DIR. Scot
beer at value OF about 80 .0O,00o, or
ono.sixth OF last years. product. o.
gold, however, II will be remembered,
about twO.thiTdS are converted into
purposes of the ar'r. The flow Of sill
YER toward India has not
maintained the same uni
form current which hns been
characteristic OF gold since 1870. From
1871 to 1850 the average annual net i'm.
portation Of silver into English India
was valued At SO 600 900; In 1881 and
1882 u was considerably less; In 1888 1t
WAS SS5, 000,9 900, while last year H. was
in the Deighborhood OF $4,000, 600.
From one-tourth 70 one-third OF
the gold product, accompanied
by about one-fourth OF the white
metal, makes its way into tho com.
mercial prison.house OF India. II
would not he correct TO add to the
amounts used In the arts the sums
carried into India In order to learn
what remains for Europcsn coinage.
A portion OF that which ~ consumed
for industrial purposes 10 included un-
der tho figures for lnd'>. From the
last report OF our director OF the mint
We learn that only ss7,529 was coined
at the India mints In 1883, which would
indicate that no inconsld cradle frac.
tlon Of the bullion sent eastward was
ussd for other purposes than that Of
money! [BrRdstreet.