Gilpin observer., 1914-01-08
MEMBER COLORADO EDITORIAL ASSOCIATION
THURSDAY, JANUARY 9th, 1914.
THE WORLDS GOLD
OUTPUT DECREASING

Statistics from all portions of the
world show that the gold output is
steadily decreasing from year to year
since 1904. 1t also shows that in
time, silver will again become one
of the principal mediums to protect
our ever increasing credits. The in
creasing demand for gold in the arts
and industries, and the constant
spreading of the gold basis for ma
tional currencies, also the boarding
of gold as well as silver, by the ma
tives of India and Egypt, is growing
at a rate to cause alarm.
According to government statistics,
Africa leads the world in the produc-
tion of gold, but in all of it's districts
except the rand, the gold output has
been decreasing for the past five
years. The United States comes next,
with an annual output of nearly
$100,000,000, but for the past five
years has only held it's own, and un-
less new and important fields are
discovered, it is safe to predict that
we are at the maximum.
Third in rank comes New Zealand
and the six Australian states, their
combined production, according to
statistics, being less than $50, 900 900,
while New Zealand's production has
been steadily declining for the past
ten years, and there is no prospect
for an increased production in the
Ahstralasian country.
Mexico is fourth in rank, with an
output of little over $29, 900 900.
This is one of the countries that
show an increase, and with internal
differences adjusted would undoubted-
ly increase from year to year. as her
mining is still in its infancy The
Russian empire, including Siberia
comes fifth with an output of nearly
$25, 100000, which is a marked de-
crease over previous years, although
north Siberia has large placer fields
as yet undeveloped, but these devel-
opments may be long delayed.
The sixth on the list is India. with
an output of $10,000,000. This output
has been practically stationary for
the past ten years and shows that its
maximum has been reached, and that
no increase may be looked for in that
country.
Canada comes seventh in the list,
and her gold output has been decreas-
ing for the past ten years, owing to
the rapid exhaustion of her placer
mines in the Yukon country, and un-
less lode mining is successful, she
may be said to have passed her ze-
NTH. The last country that produces
gold of any note is China, with pro-
duct of $10,500, 900, and as not much
of any change has been noted for the
past ten years, her future for an in
creased production is not very bright.
The United States, since the dis
covery of gold in California, in 1S4S. |
has. according to government reports,
produced 1888, ,926,5OO in gold, and
since 1872, has produced one and
one-half million dollars in silver. Gill |
pin county alone has produced over
5000 100000 of this vast amount of |
gold output Colorado stands sec
ond in the list of gold-producing |
states, being excelled only by Cali
fornia.
The average value per ton of ore
mined In Gilpin county during the /
past year was $10.77, while that of
several of the preceding years aver
aged $10.19, showing that Gilpin coun-
ty ores hold their values. 1t has
been said by many, and the report
has reached far to the east, that our
ores lessen in values as depth is
gained, which is a great mistake,
and is not borne out by existing con-
ditions. For the benefit of the pub
lie we will refer the reader to sew
eral of our deep mines that refute
this assertion The Hubert mine at
ore in the 1250-foot level. The Cali
fornia we are reliably informed, has
ore on the 2200-ft. level that is worth
from seven to eight ounces gold per
the l000-foot level that runs as high
as ~ ounces gold per ton. The cele-
brated Gregory Bobtail mine has
produced many millions of dollars, had
Cook shaft, that has attained a depth
OF l4O0 feet. Tie London mine ut