The times. [volume] (Richmond, Va.) 1890-1903, 1895-01-29
SOME FACTS CONCERNING GOLD AND
sIIyER.

4
OF recent years learned Austrian, DR..
| Suess. published work In which he un-
! dertook TO demonstrate from the we'll
known facts OF geology and mining that
| the production Of gold must decline for
| the future. His demonstration appeared
so complete that II gave the free siiverites
the greatest comfort they have ever re-
ceived. Alas. how often do the best laid
| plans OF mice go astray, and those OF men
are just as eccentric. The year 1894 shows
| the worlds production of gold to have
| been much more than 1t ever was before
| and 1t is much larger. also, than that OF
/ 1892. which was larger than 1892. The
worlds production in 1893 was Sl55,52l,Iop'
whilst I'm 1891 1t was almost sis2,goooo.
Returns for December being not yet COM
plete).
And, what is worse for DR.. Suess ana
his demonstrations the gold in the VII
watersrand region OF Africa has been as
| covered since he made his demonstration
In the year 1894 there was produced IN
that region about sSS.5OO.OOO (returns for
December not yet complete), and the re-
gion has produced since 1857, when mining
commenced there, a rise of $l1OOO,WV. IL
produced in 1898 about s26,W00W.
The largest production OF gold ever
made in the United States was in the
year 1858, and was $65. 600 90. We find the
Witwatersrand region alone pushing rap
| idly upon the heels of all that the whole
! of the United States could do in the hey
| day Of the California production.
Capital, with improved machinery and
better knowledge of metallurgy is dis
covering gold where it would not have
been looked for years ago, and they are
extracting it from the rock with a COM
! pleteness and a cheapness never dreamed
OF before. The output is increasing in
pretty much all the gold fields. The Utica
mine, in Calavc"as county, California, Is
producing 5000 in gold daily and the
San Francisco Argonaut quotes practi-
| cal miner in charge of that mine say
ing that Calaveras county contains as
muCn SClQ as all SOOtn Africa.
The entire production of gold IN the
world between 1850 and 1859 was A.io0,-
100000. This was the mighty Increase
mighty compared with anything the world
had ever before seen-to which the free
silverites refer as proving that a great ad
dition to the stock OF money makes
great addition to the worlds facilities for
trading.
| But the world has added to its supply
of gold between 1871 and 1891 81, 80, OOO, 900.
or nearly double as much. Surely If
81, 900. 0oo.00o, added In nine years, would
| do so much for mankind mankind Is not
starving for money metal, when it is
still using as money all the silver and
gold not used in the arts, that the world
had in 1871. and has added g. 1000 600 to
its stock Of gold since 1871.
Really the danger now seems to be that
we are gong TO have so much gold that
it will utterly depreciate in value and if
silver would only cease its enormous out
put, this increase in the production of
gold might hold 1t down TO a point that
would make sixteen ounces of silver
again worth more than one ounce OF gold.
The production of gold has been steadily
| increasing of late years. and was. in 1894.
about SlS2, 100000, as above stated. How
long will it take at this rate to make gold
drug on the market?
Rut silver seems ca thorouohlv reeolvad
to yield itself in abundance to mans la
bors that we fear IL Will never catch up
! with gold in value. Up to 1860 the annual
production of silver had been remarkably
uniform. But silver commenced TO cut
the most eccentric capers at that time.
See the worlds production of it at stated
periods since that time as follows: