Remarks on the production of the precious metals. Faucher Leon

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СКАЧАТЬ that is to say, to those mines which required both capital and labor, it is fair to assume that, at least during the first part of this period, the relative proportion of gold to silver would have increased; but we have no means of verifying figures which appear to justify what would otherwise rest solely on the analogy of the case.

      In 1847, when the general working of the auriferous region of the Oural Mountains was at its meridian, M. Chevalier considers the annual production of gold throughout the world to have been 1763,250 kilogrammes, and that of silver 18875,000 kilogrammes. This would be 1925,000 kilogrammes less of silver, and 2030,000 kilogrammes more of gold, than at the beginning of the century. At these figures gold stands in reference to silver as 1 to 14. The return from these gold regions appears to have been greatly over-estimated. I find in a table, published in the “Times” of May, 1852, statements which appear to be founded on correct data, and which bring the production of gold up to 42,800 kilogrammes – that is, to 21147,400,000 francs.

      This result, then, is remarkable. The 17th century produced 1 lb. of gold to 60 lb. of silver. In the 18th century the production was as 1 lb. to 30 lbs. At the beginning of the 19th century silver was again abundant, and appeared in quantity as 1 to 50. Towards the year 1847 the production of gold again increased, and the relative proportions were as 1 to 20. The development of the Siberian mines, which has so materially changed the relative production of the two metals, has produced no sensible alteration in price. Will it be the same with the wonderful discoveries in California and Australia? To solve this question, it will be desirable to examine accurately the actual state of the production of gold and silver throughout the world.

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      1

      £20,000,000

      2

      £24,000,000

      3

      lbs. 797,629=£37,209,423

      4

      £4,000,000

      5

      A kilogramme is equal to about 2 lbs. 8 oz. 3 dwts. 2 gr

1

£20,000,000

2

£24,000,000

3

lbs. 797,629=£37,209,423

4

£4,000,000

5

A kilogramme is equal to about 2 lbs. 8 oz. 3 dwts. 2 grs., and is worth about £125; 30 kilogrammes would therefore weigh about 80 lbs. 3oz. 20 dwts. 12 grs., and would be worth about £3750.

6

£5,960,000

7

lbs. 6,381,530=£297,700,000

8

lbs. 295,717,106=£887,151,318

9

£1,280,000,000

10

£320,000,000

11

£240,000,000

12

£80,000,000

13

lbs. 42,336=£1,975,000

14

lbs. 2,331,070=£6,923,210

15

lbs. 63,504=£2,962,500

16

lbs. 2,411,562=£7,234,686

17

lbs. 169,479=£7,906,250

18

lbs. 2,344,574=£7,033,792

19

lbs. 66,989=£200,967

20

lbs. 80,386=£3,750,000

21

£5,896,000

СКАЧАТЬ