People's Pilot, Volume 3, Number 34, Rensselaer, Jasper County, 9 February 1894 — The Silver Supply. [ARTICLE]

The Silver Supply.

A table compiled by Mulhall, the London statistician, gives the quantity of gold and silver in the world, both coined and uncoined, at six periods—at the years 1690, 1700, 1800, 184 S. 1880 and 1890. It shows that in 1600 there were 27 tons of silver to one ton of gold; in 1700, 34 tons of silver to one ton of gold: in 1890, 32 tons of silver to one ton of gold: in 1848, 31 tons of silver to one ton of gold; in 1880, 18 tons of silver to one ton of gold; in 1890. 18 tons of silver to one ton of gold. The United States is producing more silver than it ever did, or was until recently. But the balance of the world is producing much less. They are fixing the price on our silver and taking it away from us at their price. The report of the director of the mint shows the w orld’s production of precious metals last year was, gold, 8167,917,337; silver, $143,096,239. Instead of becoming more plentiful, silver is less plentiful.—Coin.