Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1896-07-31
The Worries Cold and Silver


medium of the great southern continent,
there being sl05. 100000 in gold and $1,000
600 in silver.
| The gold production of this country
reached its maximum in 1853, when the
gold mines produced $65 600, 900; in 1892 was
the great silver year, when $50 101 ,010 was
! produced.
1 An enormous quantity of silver is lost
every year in electroplating. When an
| article of table use is covered with lay
err of silver the latter soon wears off and
/ is entirely lost.
In 1890 the German emp.se used $780,
| 900 of gold and 81, 1856, 900 of silver in arts.
The petty princes of Germany are not,
| as rule, wealthy, but put much of their
| money into plate and jewels.
| Arizona and Utah have each produced
about $21,0O0,000 worth of precious metal,
Arizona having contributed $685., 1893 of
| gold and $14,0S5,175 of silver, and Utah
81, All, 262 of gold and$19, 800, 43S of silver.
Every country on the globe is said to
| produce more or less gold. even China,
which does not use gold as circulating
| medium, produces annually about $1,000, :
| 600 worth, either exported or employed
| In the arts.
| gold in the arts. In 1890 the amount of
gold used was $11. 29S,2OO, and silver 49,
800. large portion of this went into
| the manufacture of jewelry, watches and
| plate.
The United States leads the world in
the production of silver, its product being
about $64, 000O 900 per annum. Mexico comes
next, with $60S17 800; Bolivia is third, with
sos 4A, 400; and Australia fourth, with $23,-
| 1861, 700.
| The United States minis have coined
81, 210, 703, 200 in double eagles $259 127 230 in
$40 gold pieces, 1912, 921, 675 in s. gold pieces,
s., 619,376 in So gold pieces, $zS. 6S 0O5 in $2.5O
gold pieces, and 1877 In gold dollars.
The opinions of experts vary great
| ly as to the proportion OF gold used IN
coinage, the figures varying from one
| third to two-thirds of the whole product.
The world is now said to have 5,925 tons
| of gold and $1,000 of silver in the form of
coinage.
Australia is the greatest gold producing
country IN the world, liz 1884 producing
SAL, 100000. The gold mines of South Africa
come next. with $40,271 900; the United
States holds third rank, with $39, 500. 900
Russia is fourth, with $24 1873, 400.
Immense quantities of coins are an
nually consumed in the manufacture Of
bracelets, head, neck, ankle and leg orna
ments for the women of India, and IL
these and other ways the enormous guam
tity of silver which annually flows to In
dia is fully accounted for
A serious source of loss of the precious
metals is in the attrition of coins 1t IL
estimated that a gold coin of the valu
of $40 will lose from one to three grain
l Of re aierht in Hxya md hnf
silver dollar will lose 10 per cent of it.
weight in the same time. This loss, o
course, is .rretrievable.
The United States mints, since their es
tablishment, have coined 4,035,2O5 golt
| pieces of all denominations, worth s43,
1913, 475; 3956,011 silver dollars; 1852, SO
pieces of subsidiary silver coins, wort
$5113,470; and of minor coins, such a
nickel, copper and bronze, 35, 0S7, 1902 pieces
worth $712,594
Some idea of the amount of gold store
; in the treasures of princes in the earl,
times may be gained from the statemen
that Cyrus booty from Asia Minor, B. c
$40, amounted to eS0OO,O 900; Alexander
} from Persia, B. C. 1923, was estimated a
S51, 900 talents, equal to GS1, 100000.
, Russia is a gold producing country 81
it is not remarkable that the circulatin:
medium comprises 1922. 100000 of gold, t.
J only SAL 100000 of silver. The deficienc.
IN subsidiary money is made up by al
enormous mass of outstanding paper rou
bles the total amounting in our money Il
$3.50, 100000.
Mulhall estimates that the total produc
) ton of gold and silver since 1892 has beef
e1, 46l, 100000; of this enormous amour
e439, 900 have gone to India and China
| I,ax, hoa,
: consumed in the manufactures and arts
and only 193,O0O,0OO have been m:nted o
, used as currency.
5 The richest country in the world, so ia
= as currency is concerned, is France
where the people have 1861 of currenc
per capita. Next comes Australia, $3.50
4 per head: the United States is third
$2602; the Netherlands fourth, $24.94; the
follows Portugal, $2l.06; and Great Brit
t | ain, with $2044 per head, is sixth.
r In A. D. 1000 1t was estimated that tn
: | world contained $50 tons of gold and q, 0C
| tons of silver, valued at E392 100000. i
e the year 100 the stock had increased t
s 1910 tons of gold and $500 tons of silver
: valued at 9633, 900, 600; in 1900 the increas
brought the figures up to 2,730 tons c
S gold and 5000 tons of silver, valued a
o 81, 142 O00,0
d The little mountain country of SwitZel
land consumes an enormous quantity c
e gold and silver in the arts, using in IS.
: $4,652, 200 of the former and $2,2S5,SOO of tn
d latter. A large portion of this metal wer
into the manufacture of watches and al
d ticles of jewelry for the production {
t. which Switzerland has long been famou
+ The United States mints have coine
$3.50, 457, 1887 of silver dollars, $35965, 1924 {
trade dollars, 1872 ,259041 of half dollar
= including the $25OO,OOO of Columbia
$3.50, 457,9S7 of silver dollars, $35 965, 1924 {
quarters, including $4,000 of Columbia
ID Worlds Fair souvenir quarters; $271, 200
'e zoe pieces, s2S,61O, 171.SO of 1Oc pieces, 81
u O,2l9 40 of nickels, and 81 ,2S2, OS720 of
70 pieces.
~ FAME'S PATHWAY.