Remarks on the production of the precious metals: and on the demonetization of gold in several countries in Europe — John Shaqi
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 working of the gold regions of Siberia has not been of the
democratic character which it has assumed in California and Australia.
There the first comer, provided he were furnished with a pickaxe, a
bowl, a cradle, and a small store of provisions, might, without further
capital, pitch his tent over some square yards of land, and dig until
he has made his fortune. With a license costing 60s. in Australia,
and with a tax of 20 dollars a year in California, he may go where he
pleases. It is not the government which fixes his boundary, but the
regulations of the republic of miners, forming a community along the
banks of a river, or at the foot of a hill, forbidding one man to usurp
a greater space than he can work with his own hands; the miner himself
possessing nothing, and therefore, risking nothing, may dispense with
all calculations of profit and loss. If the spot he has selected does
not answer his expectations, he shifts his ground, or his occupation.
Under any circumstances, the tax, not bearing upon capital, and being
moderate in amount, is easily paid; a few days work is sufficient for
it; the remainder of his time during the year with his bad or good
luck, is at his own free disposal. Such is not the case, in the Altai,
where the aristocratic forms attaching to all industry, either at the
will of the state, or from the force of circumstances, have exerted
their influence over the first commencement of working the mineral
districts. By the terms of the imperial decrees, concessions are only
obtained on special application, and for a term of twelve years, and
the portion assigned to each person never exceeds 100 sagenes (about
[71]250 metres) by five wersts, (about 5335 metres); the same person
may, however, take several lots, provided they are separated by a
distance of five wersts. These contractors engage a certain number
of workmen, whom they provide with utensils and machinery, besides
feeding them and paying them high wages. Everything connected with the
arrangements entails considerable advance of capital, and when the
chance of a small return, or sometimes of no return at all, is added to
the heavy deduction to be paid to the state, out of the raw material,
is it surprizing that members of this community are frequently
unwilling to extend their operations, and almost always anxious to
conceal the magnitude of their working?
It is said, that in keeping up the amount of the tax, the Russian
Government has had less in view the advantage of a larger participation
of interests than a desire to check a kind of industry very
demoralizing in its nature. If such is really the motive, it might be
less critically censured. Whatever the reason, so long as the Russian
Government considers it advisable to keep up the present taxation,
it is not likely that the increase of production of gold will be
considerable; it appears to be limited for the present to an amount
probably not exceeding [72]90,000,000 to [73]100,000,000 francs per
annum.
Public-domain text, read in full here on John Shaqi.
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