The pioneer West : $b Narratives of the westward march of empire
History
The pioneer West : $b Narratives of the westward march of empire
Frontier and pioneer life -- West (U.S.)
He estimated the whole output of the mines at that time from thirty to
fifty thousand dollars a day, and stated that he thought that the mines
in the Sacramento and San Joaquin Valleys would easily repay the cost
of the late war with Mexico, together with all that the Government had
paid for lands ceded. All this gold was being taken from land which now
belonged to the Government, and he thought something should be paid for
the privilege of mining, but he saw no way to collect it, having but
few soldiers, not enough to cover the large territory that was being
worked over. He had considerable trouble holding enlisted men to the
performance of their duties, so concluded not to make any rules that
he could not enforce. The gold-bearing region known at that time was
about two hundred miles long, averaging about thirty miles wide.
This report he despatched by special messenger by way of Panama; it
reached Washington in time for President Polk to mention the discovery
in his message to Congress in December, thus transmitting it to
the people. It attracted wide attention, creating great interest
everywhere, so that every newspaper in the country, nay, in the world,
was daily scanned for news from the California gold diggings.
Enough has been said, and the many instances related will give readers
a fair idea of the magnitude and importance of Marshall’s discovery. It
will be of interest to add further that from the time of the discovery
in 1848 to January 1st, 1903, California had produced $1,379,275,408 in
gold. There were two periods of intense excitement, the first ending
in 1854. From 1850 to 1853, the greatest yield from washings was
probably not less than $65,000,000 a year. The average production per
year for the years 1851 to 1854, inclusive, was $75,570,087, reaching
$81,294,270 in 1852; this was the banner year, and from 1850 to 1862
the average production was $55,882,861, never falling below $50,000,000.
Public-domain text, read in full here on John Shaqi.
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