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 treasure of Doctor Ker, exhibited first at Bathurst and then at
Sydney, soon drove everybody wild. The very newspapers which had first
maligned the discovery, now sounded the trumpet in praise of this
wonderful piece of good fortune. “The news,” says the _Morning Herald_
of Sydney, “will astonish Australia, will astonish England, Ireland,
and Scotland, will astonish California, and will astonish the whole
world. On the arrival of the packet in England, when every newspaper
throughout the United Kingdom shall have repeated the news of the
discovery as the wonder of our age, the sensation will be profound,
and will exceed anything hitherto talked of, or thought of; from the
queen on the throne to the peasant in the fields, there will be but one
united exclamation of surprise and astonishment; from the palace to the
cottage, from the drawing-room to the stable, from the schoolboy to the
philosopher and the statesman, there will be one universal talk of this
mass of gold, and of the country whence it came; from all the ports in
Great Britain and Ireland, ships will be freighted with passengers and
goods--population and wealth will rush to Australia like a torrent.
Port Jackson will be the best filled and the most flourishing harbour
in the world, and Sydney will take its rank amongst the most opulent
cities. New South Wales will be looked upon in England as the queen of
her colonies.”
Waiting the impression to be produced in the mother country by the
news of the “golden land,” to use again the expression of the _Morning
Herald_, the population of Sydney flocked to the diggings; the numbers
who left were about 400 a day. Sailors deserted their ships in the
harbours. Government, on account of the dearness of provisions,
doubled the salaries of their officials. In every direction there was
a general hunt in quest of new “placers;” and the districts South and
West of Sydney were explored by miners to the extent of 200 miles.
Auriferous deposits were discovered in the counties of St. Vincent,
Argyle, Dampier, Wallace, and Wellesley, as well as in the basins of
Murrumbedgee Shoalhaven, the River Hume, the River Peel, and the Snow
River. At the extreme north of New South Wales, in the district of
Moreton Bay, the diggings are in full work at the several branches of
the River Condamine. Nearer to the capital, in New England, gold has
been found in abundance in the basin of the River Macdonald. 200 miles
south of Sydney, at Braidwood, one miner realized £30 sterling in five
weeks; another £42 sterling in fifteen days; and a party of three £200
sterling in one week. Nothing was more common than a produce of two
ounces per man per day; and not unfrequently it reached as much as one
pound. Women also set to work. One widow and her two daughters are
said to have collected an average of two ounces a-day.
Public-domain text, read in full here on John Shaqi.
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