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
In a paper read in 1848, before the Royal Institution of London, Sir
Roderick Murchison remarks that the principal deposits of gold are
found in auriferous “detritus,” and that the same degree of success
must not be expected to ensue from exploring the veins, which are
ramified through the quartz rock. The result hitherto shown in
California fully confirms this theory, as is shown in the following
letter from an engineer at St. Francisco, dated 4th April last, after
an expedition amongst the localities occupied by the gold diggers:--
“I send you the result of experiments made upon fragments of rock. In
each we have operated upon three tons of quartz, reduced to powder, and
carefully worked by amalgamation. We have made five experiments upon
as many veins in the county of Bath, which is situated between l’Yuba
and the River de la Plume. No. 1 has produced [174]3 dollars 53 cents
per ton; No. 2, [175]9 dollars 50 cents; Nos. 3 and 4, [176]11 dollars
each; and No. 5, [177]17 dollars.
“In the county of Nevada, experiments have been made on four different
points. The first has given [178]15 dollars per ton; the second,
scarcely any gold; the third, [179]14 dollars per ton--this mine, upon
which a company had established works, has been abandoned;--and the
fourth has given [180]59 dollars, the vein being of an extraordinary
richness, and having yielded large returns to the proprietors.
“In the county of Eldorado, three different veins did not give a larger
return than [181]17 dollars per ton; a fourth equalled the richness of
No. 4, in the adjoining county.
“In the county of Mariposa, out of eight experiments, three veins
gave hardly [182]3 to 7 dollars per ton; three more gave [183]7 to 20
dollars; one gave [184]24 dollars; and one more, [185]38. The two last
veins have attracted miners, who are going to work them. No enterprize
requires a more careful and a more expensive examination than an
auriferous quartz mine. A good vein, yielding [186]36 dollars per ton,
may be considered, by moderate people, as worth working; sometimes they
are found much richer; but out of all the quartz-crushing mills which
have been set up in California, I do not think that one-third are used
for mines which are yielding, for any continued period, [187]30 dollars
the ton; so that one-half of the works of this nature are suspended.”
Public-domain text, read in full here on John Shaqi.
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