The times. [volume] (Richmond, Va.) 1890-1903, 1896-05-14
com sUPPLr IuPEOyING.
We Mind Much More Than Ever aud
Keep Much Off.


imports OF gold for the early months OF
this year, with the estimated produc-
ton Of gold IN this country for the same
period, Indicate that tho United States
are ahead SO far in 1876 In the matter
OF mining and keeping gold. More gold
was mined in the United States in 1895
than In any other ,zuntr7', but this cOun-
try sustained net loss Of gold that year
or millions OF dollars, according 10 the
tables. This year there is q change Tor
the better. and the figures show, up 20
date. a retention Of gold I'm this country.
In round numbers. the exports for 1895
We're $l0j,0O0,o0O, and the imports S3i.5i9,-
900. The excess Of exports over the I'M
ports was Sl0,jsi,Gi5. The production OF
gold here, for the year. was, according
10 the estimate Of the Mint Bureau che
actual figures are not yet availahlel.
$4,000 900. According TO the estimate OF
President Nalenune. OF Wells, Fargo d
CO.. the production was Sis5J9, 723.
Taking the Mint Bureaus figures and
subtractlug the amount OF the prOduc-
ton, 81 0Q0.000. from the excess of the
exports $1o,5S6,6i5, it appears that net
amount Of S23 CAS- more gold than was
produced In this country last year was
sent out OF the country. The amount
Of gold used in the arts here for some
time prior 10 last year was estimated
at about &20.00O000 q year, but the nara
times reduced IL to about sl5,O0,OOO IN
1855. Ii is thought that this year the
amount will work back towards w.
O00.000
For the year 1886 the exports Of gold up TO
10 May "a were Sl16-f,OJ0 IN round num-
bers. The exports last week amounted
to 5.Sl0.000 and 100000 has been sent
out this week, making total OF exports
up 10 da-e Of 254Zf,Op. me imports
this year have been $ls,Oi5Wp THIS SHOWS
so far an excess or exports over III
no~ts 81 s7.S-9C00. Estimating the pro-
ductlon OF gold here at the rate OF last
vesr's outuut of the mines-there is every
reason 10 believe that it is greater rather
Than less--the total amount produced ID
the first four months of this year VIII
bqve been about SlGO0,O0o. SubtFactlhS
from this the excess OF exports over
ironorts S7.37900O. there remains Ss'ozl'~v
as the amount Of the domestic plouu'-
retained in the country. ,sos
Tho figures for the whole year Oh 4'.D
when they are available, are hheiy W
show. I'm the matter OF the amount
gold produced in the United states 'i',9
year a marked Increase even over last
year which showed a welcome advance
over the previous year, unless some
further decisions shall get possession Oh
tho SILVER States" Such at least Is the
deduction from the observations or the
Financial Review 0s90, in recapltuiatHis
the events of 1898 in the matter oI so.t
production. The greater activity III su'"
mining in that year resulted IN lne plO-
duction in the United states OF -'-'''''D
ounces Of gold, as compared with Austia-
las output OF 2,2l2.6pO ounces, anu
Africa's 21l9oZ3 ounces. But the Jhlteu
States not only led the world Tor the
wear but tina increase over the previous
wears output was greater here thah j"
anv other country being $4,000 ounces
The increase I'm Africa was -1i'OV ounces,
For fifteen years until 1888, there had
been no increase OF any appreclaDle
amount en- the production OF sold mere
some OF these ycnrs, IN fact' $40" i"s
a decrease as compared Win tne year
before. 1T was mott says the ihahci"i
Review until silver got so low as 70
afford little return for the work done
that the miners were driven TO other
fields. and largely 10 gold
Thcd production Of 1893 was l,t3'.525
ounces (s37.e55G 600. I'm 1892 u had been
rsl- raS ounces S23 0iioSD. In 1891 IL WAS
19lo.Si3 ounces $50 10000. and last year
n iuuuod to 2,273.5S ounces or Si7e9p0
Ia n conservative Cstlmatc). II will De
remembered that Nh Valentines csti-
sats was siS 800 729. Neither the Mint
bureau ror Mr.. Valentine reckoned Colo
RADIOS output at the full amount given IN
tho Stat0's computation. or an the esti-
mate Of a Denver newspaper. which tut
the figures at l7p-3 millions Of dol
lars. Colorados output is put az sl3
on. on a million dollars less than Call
forniq's. which heads the list.
Commenting upon what Il calls these
noteworthy facts" the Financial Review
says: 1T appears that just so long as
these mining States. which We have got
in the way Of calling silver states, be-
cause they apparently had no other in-
dustry that would thrivc-just so long as
they chung 10 the paternal idea that the
Government by legislation could save from
decline the price Of their pet metal. they
kept growing poorer and poorer. They
went on, 10 be- sure. turning out each
succeeding year more and moro of sill
yer. but the larger the product secured
the less IL was worth In spite OF their
little device for keeping IT Off the market
by having Il stored away for them in
Government vaults. IL was only when
the people OF these States were deprived
Of this dependence and began 10 strike
out for themselves that the Industrial
situation with them wholly changed
from dreadful depression TO buoyant pros
perity We have before us now the Den
vor Republican OF January l, 1896. OF
forty-four pages, narratne with great
qualification the results in Colorado OF the
year AZ to metals. the editor sum-
marizes the results by stating n product
OF seventeen and one-third million dol
lars worth of gold. In 1872 Colo
RADIO according 10 tho Mint report. pro-
duced only $4,000 Of gold. The
people of Denver doubtless are
men ~ ideas. usually az quick and clever
IN judgment az tho traditional Yankee or
Philadelphia quaker. And yet. strange
10 say. they cannot read the logic so
clonrI. hisclnall In the foregning ig-