The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-16
Historical Review OF the Production and
Use of Gold an6 Silver. -.

FACTS ABOUT PRECIOUS METALS
Historical Review OF the Production and
| Use of Gold aue silver. sr
| The following compilation Of the st
Louis Globe Democrat of facts connect
ed with the production and use of gold
and silver will be found of interest tc
| the reader at this time when there Is
so much talk about the precious metals
Wyoming has produced SS4S, 1856 OF
gold and So, 0O0. 600 Of silver.
| Greece has $500 900 of gold in circula-
| ton to s., 100000 of silver.
Oregon has produced s2l, 999, 500 Of gold
and 1880 of silver.
| Colorado has produced 90 OF
| gold and $40, s00.914 of silver.
Nevada has produced s33,07S,267 OF
gold and s104, 191, 259 OF silver
South Dakota has produced $50, 923, 627
| of gold and s1,051 .S24 Of silver.
Italy has s96, O0O, 900 of gold coin in cir
culation and s1s5o0. 900 of silver.
The gold circulation of Belgium
amounts to $4,000, 000, the silver 70 $54,-
| 900, 900.
Canada has a circulating medium of
$14, COO, goo in gold and s5,0O0,00o in silver.
The Turks manage to get along with
$50 000, 900 of gold and $44, 000, 600 Of sil-
yer.
China is a silver country The circu-
1ating medium comprises 100000 in
silver.
In Cuba and Hayti there are in circu-
lation s21, 900 Of gold and 4,400, 900
Of silver.
The amount of gold produced by the
worlds mines since 1892 is $685. 1896, 900.
In Spain the people have in circula-
ton $4,000, 900 of gold and s155, zoo. 900 of
silver.
In 1894 the worlds production of gold
amounted TO $179, 965, 900, of silver $215,-
404. 600.
In the year 1894 France consumed in
the arts S9,570,240 Of gold and $5.454, $50
of silver.
The Russian jewelers. and gold plat
ers used in 1893 s3,542,9S3 of gold and
So, III 900 of silver.
During the years between 1881 and
1890, the production of sill yer in Amer
lea was 81 1896. 80, 900.
Since the discovery of America the
mines of the new world have produced
SO, 90S, 247, 900 of silver.
In 1890 the German empire used $780,
600 of gold and 81, 156, 900 of silver in the
arts. The petty princes of Germany are
not, as rule, wealthy, but put much Of
their money into plate and jewels.
Mexico is silver country, there being
only So, 900, 900 of gold in circulation TO
$50, 00O, 900 of silver.
Idaho ranks fifth in the production
of precious metals, $35, POI ,629 of gold
and s1.960,3S3 Of silver.
Switzerland has in circulation an
equal amount of gold and silver, or $15,-
900, 900 in each kind of metal.
In the early years of the present CEN
fury there were in the world thirty-three
tons of silver to one of gold.
1t is estimated that the amount of
gold every year used il the arts is s52,-
1875 and of silver $50, 340,6S1.
The German empire according to Off
cial reports has s61S, 900 gold money
and $215, 100000 silver.
The value of gold as compared to sill
yer in the time of Herodotus, B. c. $50,
is said to have been 10 TO 1.
Soether estimates that the stock of
precious metals in urope in 1892 was
more than 33, 400, 900 pounds sterling.
Since 1861. according to Mulhall, Great
Britain's stock of gold and silver has
remained nearly stationary.
Egypt Is "a gold country, the banks
and people of that land holding $780,
0oo,0 600 of gold and s15, 600, 900 of silver.
In Japan the bimetalic system is en-
forced, the currency comprising $50, 700,-
900 of gold and So, 800. 600 of silver.
Portugal is emphatically a gold coun-
try, having 100000 coo of gold coin in
circulation and only $4,000. 900 of silver.
Sweden and Norway make much more
use of. gold than silver; s2s. 900, 900 Of the
former to $4,000 900 of the latter.
In the fiscal year ending in 1894. the
United States had $661, 000, 900 in gold and
1924 900 900 in silver in circulation.
The year of the least production of
gold in this country since the discovery
Of the California mines was 1888, $780,
O0O, 600
Messedagalia estimates that the
worlds production of gold since 1892 has
equaled 9.453 tons, worth 1902, 0O0, 900
pounds sterling
According to Messadagalia, the
worlds silver mines have produced
since 1892, 1s0.5oO tons of silver, valued
al 1.604, 000, 900 pounds sterling.
The years between 1851 and 1860 were
the most productive in the gold mines
of this country. The amount mined
was SS1, 49,. 9S1, 900.
Russia is a gold producing country. so
it is not remarkable that the circulat-
ing medium comprises S422. 0oO, 900 of
gold, TO only Sal 200, goo of silver. The
deficiency in subsidiary money is made
up by an enormous mass of outstand-
ing paper roubles, the total amounting
in our money to $3.50, .O00
The United States minis have coined
$3.50. 457 ,9S7 of silver dollars, s35 965. 924 of
trade dollars. 1882. 259, OIL of half dollars,
including the S2.500,O00 of Columbian
Worlds Fair half dollars: s4S. 1S3. 1925
of quarters, including $4,000 OF Column
bian Worlds Fair souvenir quarters;
s27l,000 of 20-cent pieces, SIS, 610.I Ill 80 of
l0-cent pieces. s4.SSo. 219.4O of nickles and
l,2S2. 20 of Scent pieces.
The total amount of unrefned silver
Sullion deposited at the minis of the
United States since their establishment
in 1898, 10 the end Of 1894, was S246. 75s.-
1Ol-A; of refined bullion, $3.50, s4S. COZ. 40.
total Of s773. e99. 7eS.S1; of unrefined
gold bullion during the same period
Sl1S6, 9e9. i41.04. and refined bullion $780,
o4l,fSl-Se, making a total of s1.5S7, 49,
s2S: the total Of both gold and silver. re-
hned and uarefined. deposited amount
ing 10 s2.Ss1, JIG. 6S1S1.
It is a remarkable fact that since the
dawn OF civilization there has been A
steady flow gold and silver, especially
OF the latter, 10 India and China. ard
none Of il has ever come back. In the
absence of banks and places OF security
the inhabitants hoard their gains and
earnings, and the soil of India and the
Celestial empire is thus veritable gold
and silver mine.
In 1894 the United States consumed in
the arts SS.ifS,65S OF gold and s.. 6Sl. ST.
OF SILVER. thus furnishing 4 market for
no inconsiderable portion Of the gold
and silver product in this country.
Much or this precious metal is forever