Democratic Sentinel, Volume 5, Number 41, Rensselaer, Jasper County, 18 November 1881 — GOLD AND SILVER. [ARTICLE]

GOLD AND SILVER.

Prod net of the mines of the United State*. About two years ago Congress voted an appropriation of $5,000 for the collection of statistics touching the production of the precious metals in the United States. The work was assigned to the San Francisco Mint Bureau. The work of the compilers was completed about the Ist of January. The report makes a large volume of 395 pages, covering the bullion production in all the States yielding precious metals. Following is a statement of the product of gold and silver in the United States for the fiscal year ending June 30, 1880 : Gold. Silver. Total. Alaskas 6,000 $ $ 6,000 Arizona 400,000 2,000,000 2,400,000 California 17,500,000 1,100,000 18,600,000 Colorado 3,200,000 17,000,000 20,200,000 Dakota 3,600,000 70,000 3,670,000 Georgia 120,000 120,(00 Idaho 1,080,000 450,000 2,430,000 Montana 2,400,000 2,500,000 4,900,000 Nevada 4,800,000 10,700,000 15,700,(00 New Mexico 130,000 425,000 555,000 North Carolina... (15,000 95,000 Oregon 1,000,000 15,000 1,105,000 South Carolina... 15,000 15,000 Utah 210,000 4,740,000 4,950,000 Virginia 10,000 10,000 Washington Ter.. 410,000 410,000 Wyoming Ter.... 20,000 20,000 Other sources.... 14,000 14,000 Totalss36,ooo,ooo $30,200,000 $75,200,000 After completing the above table and fortifying the correctness of the total from every available source, statistics were gathered for the last half of the calendar year of 1880, in order to show the product from Jan. 1, 1880, to Dec. 31, 1880. The result shows only a comparatively slight variation from the reported yield for the fiscal year, and is given as confirmatory evidence of the accuracy of the table presented above. The purchases of silver for coinage purposes in 1880 were 24,659,600 ounces, valued at $28,694,800. It is estimated that $2,000,000 of this was foreign production. This would leave $26,700,000 for domestic production. The amount of silver exported in 1880 was $7,750,000, and the amount consumed in the arts was $4,000,000. This gives a total product of silver for the calendar year of $38,450,000, against $39,200,000 for the fiscal year. Following is a statement of the bullion production of the Pacific coast States and Territories, for the fiscal year ending June 30, 1881, according to returns made by owners of mines to the Superintendent of the United States Mint at San Francisco, Cab: Gold. Silver. Total. Ca1if0rnia517,936,323 $ 757,525 $18,743,848 Nevada 2,534,792 7,776,818 10,311,610 Arizona Ter 554,547 7,796,306 8,350,823 Idaho Ter 1,541,634 1,078,316 2,620,568 Oregon 853,613 69,671 823,284 Washington Ter... 90,000 90,001) Alaska Ter 1,900 1,900 T0ta15523,462,197 $17,479,263 $40,942,033