Evening star., 1896-09-29
NO LACK OF GOLD.
Statistics That Go to Prove It's Ample
Abundance.

Abundance.
From the Financial and Commercial World, Bato
A few years ago advocates of the unlimit-
ed coinage of silver We're saying that there
was not enough gold in the world to do its
business. In fact, there Is always enough
gold in the world to do it's business if the
natural and benefcent laws Of production
and commerce were permitted to have their
peaceful way.
Speaking In the House three years ago,
Mr.. Bryan said: 1T is estimated that near
ly two-thirds of the annual product is used
in the arts. and the amount so used is in
creaSing. Where. then, is the supply to
meet the increasing demands of an ncreas
ing population? Is there some new Calfor-
MIA, some undiscovered Australia yet to
be explored? Is 1t not probable that the
supply available for coinage will diminish
ra ather than increaSe?' Passing over Mr..
Bryan's overestimate of the absorption of
gold in the arts, 1T is evident that we do
not need a new California, nor any undis-
covered country, to keep the supply of gold
fully up to any increased demand.
Average Annual Product
For the first decade after the discovery of
gold in California and Australia, the aver
age annual production of the world was
s141 100000. The ten years after 1860 1t fell
to an average of sl3oOOO,OOO, and ten years
later the average had fallen to s12o, 800, 600
beginning with 1856 came the turn.
For four years prior to 1890. inclusive the
average annual product was S1n6.413,OO. In
1891 the product rose to s125.725.WD. In
1892 it was $40. $4,000. In 1899 it had risen
to S153. 3.241 900. In 1894 the product reached
sl76. .4O4.OOO. In 1895 it reached s2oO,0OO.OOO
and the present year 1T will be fully $225,-
HNOHp-it Is estimated even as high as
25O.OH.ND
The product Of the United States is esti-
mated at SJO.hND.0O0 or more that of South
Africa, s5OOO.O0; of Australia, $4,000, ,OOO
and Russia, S}3,GD,OO.
American Gold.
The American gold product during the
corresponding period has been tabulated as
follows:
1886 s29. .5s1 .424l1s91 .s31 ,6s5. 11s
1887 ...-... 81. $685. oe7 1892 2o,s47. .414
1888 ... 90, 9S7 ,7o2 1893 .. SO, ,o4s, 723
1850 ....... 80. 527 .6f1 1894 ...... AZ, ga 291
1890 81. .795 1861 1895 ....... As, 800 729
There are American mines which 1t is
confidently declared will more than double
last years high production. Improved ma
portation are doing their Inevitable work
in the bringing forth Of the most precious
of metals. Last year in one Colorado field
the total production was s9.1S9317. The
first six months of this year 1t reached
s7.256.oo0 The estimated production for
the year will be s15.O0.OoO.
Since Mr.. Bryan uttered his fear that
there would be a decline in the worlds pro-
that. before the calendar year is out, there
will be added to the gold stock of the world
amount approximating s70O,OO0,OOO or
more than the entire gold stock of the
United States.
The International Flow.
In addition to the increase from the
mines. the United States are about to en-
joy turn in the international flow Of
gold. Our exports for this year will ex-
coed by 25 per cent. those of last year.
The value Of the exports for 1892 was
s1.O15. 5.732Ol1. For 1893 the total fell to
sS31 .O3O, ,7S5. For 1894 the value was $500,
2O4. .937. For 1895 the total value declined
to eS793. 392, 500. The greatest increase Of
the present year will be found in manu-
factures, which. it is believed. will reach
nearly s40,OOO.OOO over the corresponding
period of last year. How much of the in
flux of commercial gold is due to this i'm
provement in the balance Of trade Is not
yet apparent. The probability is that Of
the six or eight million dollars reported
on the way here not a little is an express
sion Of revived confidence in our national
credit, due to the demonstration made by
Mr.. Bryan at New York that there Is not
the slightest danger of a lapse by the
United States from the money standard
Of civilized nations to that of rudimentary
or semi-barbarous ones. All apprehension
that the government gold reserve is further
to be endangered Is dispelled- The effect