Remarks on the production of the precious metals: and on the demonetization of gold in several countries in EuropeFaucher, Léon
History
Remarks on the production of the precious metals: and on the demonetization of gold in several countries in Europe
Faucher, Léon
Bimetallism; Precious metals; Precious metals -- Europe
The washings of the Russian streams first aroused public attention
from the languor into which the question of gold-working had fallen.
The deposits of the Oural, where the first discoveries were made,
never gave any extraordinary results; the workings appeared almost
impracticable above the 60th degree of latitude, and although begun
on a great scale above half a century ago, they have remained almost
stationary for the last fifteen years; the annual returns, divided
about equally between the government and private individuals, scarcely
exceeded [56]5,000 kilogrammes.
The Altai gold district was in a very different position; in spite of
the rigour of an inhospitable climate, and the difficulties experienced
from any work of labour with a scanty population, the development of
produce was extremely rapid. Begun in 1828, the result, after the first
eight years, was [57]1,722 kilogrammes, but from that time it increased
in a geometrical proportion; it rose to [58]4,000 kilogrammes in 1840,
to [59]10,000 in 1842, and exceeded [60]20,000 in 1847.
The year 1847 appears to have been the culminating point of the
position of gold in Russia. The “_Administration des Mines_” report
a produce of [61]1744 pouds, or [62]28,521 kilogrammes, as the combined
working of the Oural and Altai; admitting that one-fifth of the produce
escaped the government tax, the result of the gold produce of 1847,
would be at least [63]110,000,000 francs. From that time the decrease
has been continuous. The official reports of 1848, give the figures
at 1,726 pouds, or [64]28,252 kilogrammes; 1592 pouds, or [65]26,077
kilogrammes in 1849; 1485 pouds, or [66]124,324 kilogrammes in 1850; and
1,432 pouds, or [67]78,000,000 francs in 1851. It is to be observed
that the reduction refers exclusively to Siberia, east and west; not
only has the activity of the workings in the Oural been undiminished,
but it has slightly increased: the produce of 1849 was 342 pouds, being
[68]244 kilogrammes more than in 1845.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account