The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-05-25
GOLD DOUBLED IN QUANTITY

demand for silver was not fo,.
metal but for sufficient volume o.
talllc money to do the worlds h,-
ness. The worlds supply of gold 49,
doubled within twenty-five wears $50.
has increased fifty per cent in -
last decade Since the discover. ~.
America, S13.0o0.O0O. 900 OF gold
been discovered. From 1898 70 49,.
the noun Of gold added was S. 4-a
100000 while for the preceding
teen years the amount was 8 An.
900. 600, making q total of ab1u+
million dollars. Or more than ona-a..
of all the gold in the world. for thoas.
gold is carefully conserved some ,.,-
ton have disappeared and il is a--
mated that the total supply OF RI.
metal does not eNceed $1,000. GOO dr.
The following statement prepared H..
the Department Of Commerce AND IT,.
Dor contains interesting informant.
"About two-thirdS Of this w..-..T.
stock of gold exists in the for~,
coin. or bullion held for coiniug r..,.-
poses. One OF the tables shows ,.
der the title Of approximate &-a.n.
Of Money in the Principal Countrt,-
the World. the total stock OF g-'a
circulation and in banks a. a H-..
more than $1,000. 00O. 00O, or nv4.rf.
cally two-thirds of the $11.000.0aa -
600 worth of gold estimated u~ n.u-
existing in the world. Oh this s. on.
900, 600 OF gold money in the 1.r.rs.~
countries. about $1,000, 000, 900 is ~.-
ported as in circulation, and about
$4,000. 600. 600 as in banks and puII.
treasures.
considering it's distribution by comm
tries, h United States has a gr,atr~
supply Of gold money han any otl+~
county, the figures being, accOrGir-
to this table: United States. $l.ff.-
100000: Germany, S1.0+4.000.00.
France. $926.O 600. 900; Russia. $QI-.-
100000; United Kingdom, $565.opo.-
600; Observation-Disclosures. S3O3,0o0.1 600.
Italy. $25S, 100000: Australia. &t5q-
Oo0,0 . Egypt. $14O,0O0.O0; Ar@ra-
tina. $4,000 90; Turkey. $132.0a8.
900; India, $4,000, 900; Japan. $40
100000 Canada. $50 100000: an5
Brazil $1,000
The stock OF gold money in tn,
United States Gncluding bulliony has
according to these figures. increased az
about the same rate as the worlds
supply the total quantity Of gold
money reported in the United States
a decade & (NoVember, 1895 BENZ
S92o,OO0, 600, against 81, 613.000, 600 at
the present time, the increaSe duriu2
the decade having hus been about -
per cent. while the increase i'm the
worlds stock of gold money durin-
that time was, as already, shown. ads.
about IS per cent.
Fully one-fourth of the $13.00O.-
600. 600 worth of gold produced in tht.
world since the discovery of America
has come from the mines Of the Uni
ted States. The production Of sold in
the United States since 1892. the ear
lest record available, is a little over
$4,000, 900. 600 in Value. or nearly one
fourth OF the total of $4,000, 600 or
given as the worlds product sine
1892. During the last ten years the
production in the United States has
aggregated between $500. 000.0 90 ans
$500. 00O, 900. or about ont-tOurth 81
total world product OF about ST.
5 90. 600. 900 during that period.
The United States occupies SECOND
in the list of the worlds e"lC
producers-South Africa standlu
first. with q little over s150.00Q,00 o.
the United States slightly less than
500, 600, goo; Australia about $40
O00. 900; Russia about $25, 600. 600 and
a little less thar $20,o00.0Vp
OF the worlds stock Of money. u~
shown by one of the tables from Whjcb
the foregoing statements are drawn
5 1000, 0OO, 900 in gold. $500. oU0.oo"
silver and $~4.333.OOO,O 900 uncovered
aper. Ten years e the figures were
s4.500,000,0 0 silver. $4,000
)oOO, 900; paper, S2.333. 600. 900, tn
mount of gold money having thus in
,reased over so per cent, paper al""f
10 per cent.
THE tables 'of gold p~roductl"t.
herein referred to, are aCcompaM.,N.
Dy similar statements regardins -'t-
production. They show that tn
value of silver produced FROM.
ne mines OF the world since 1872 L.
'ractlcally equal to hat Of the 2".H
in that period-$13. 000.00p.-
700. The annual production of @jI\'E
to slowly and steadily jn-
rease as to quantity and COin.t-
alue, the product in 100 being ~
$4,000 ounces against $50. 600, 00" fH
80 and the coming alu in l+.
eng S239.0O0, 900 against $207,eo".-
90 in 1897. Stated in ommprpI.
however. the figures arr me-
rally less. the commercial Valu- "