Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1895-07-26
GOLD And SILVER.
THEIR OUTPUT COMPARED
WITH OUR MANUFACTURES.

--
Mills and Factories Provide Work for
FIFTY Times as Many People as
Gold and Silver Mines.
According to the 1890 census report
the total output of the gold mines was
I,o9o, S0a ounces, OF coinage value
OF $32, 1856, 744. The total output of
the silver mines reached 81, 354, 851
ounces. OF coinage value Of $66, 1876. ;
9SS, though the value of all the silver
at the mines mouth to the mine own
ers would practically be about the
same worth as the value of the gold
that was mined. Combining the
coinage value OF the gold and silver
output in that year, it was slightly
less than one hundred million dollers,
rs compared with the output of our
manufactures, worth more than six
and q quarter billiors of dollars, as
shown below:
GOLD AND SILVER PRODUCT
Ounces. Coin value
Gold ........ 1856, 1863 S32, ,8S6, ,744
silver $500. ....51, ,354,S5l 66,396. .9SS
JJ,ZO OC.(
Value Of manufactures. -. Sc, ,27s, 1888, ,476
According to the census report the
value of the gold aud silver plants was
S465, 060, ,566. to which must be added
the values of the mills and reduction
plants, worth $40, 1862. 772, making the
total minino plant value to be $780,.
323, 33S. On the side of the manu-
featuring industries we have hired
property worth 1888, 173, 00S and di-
rect cash Investment aggregating $3,-
39G, 705, 734. Thus while the total
gold and silver mining plant value of
the United States was worth four hun
dred and eighty-six and third
millions OF dollars; the total value of
the investments in manufactures was
ten times as much, or nearly five
billions Of dollars.
There were at the time of the tax
ing of our last census $50, 900 more
factories in the United States than
gold and silver mines. The amount
Of capital invested reached nearly $5,-
BOO, 900, 600 in the manufacturing in
lustries, while it was less than half q
billion dollars in the gold and silver
mines.
Where the gold and silver mines
gave employment to 1907 people the
factories found work for fifty times as
many, or 2,907, ,S82 hands. Where
the amount of wages distributed to
those who worked id connection with
the gold and silver mines reached
S43, 180, COG year it was nearly forty
times as much in the case of the fac
tories, which in the same year paid
out over billion and half of dollars
in wages. With thirty times as many
factories as there were gold and silver
mines with ten times as much capital
invested in factories as in the mines,
it is still surprising to learn that the
total value of the products of the fac
tories was almost seventy times as
great as the entire value of the product
Of our gold and silver mines, helatter
reaching less than $100, 900, 900, while
the product value of the factories ex-,
,eeded six and quarter billions of
dollars. In the item of miscellaneous
expenses, too, where the mines dis
bursed S20,270, 440, the factories dis
bursed nearly twenty-three times as
much, or Sl54, 4,844,S5o 1t must
further be remembered that the fac,
tories paid out So, 1853. III, ,034 for raw
material purchased for their own use,
whereas the gold and silver mines
supply tEeir own raw material, from
which alone they can derive their
product.
Now let us glance at the average
output and earnings OF both mines
and manufactures per annum for each
employe, and that this exhibit may
be more interesting we give the aver
age output and earnings of the coal
miners and of the workers in the
granite mines as follows:
AVERAGE OUTPUT AND EARNINGS.