Remarks on the Production of the Precious Metals, and on the Demonitization of Gold, in Several Countries in Europe, Tr. by T. Hankey, Jun

Remarks on the Production of the Precious Metals, and on the Demonitization of Gold, in Several Countries in Europe, Tr. by T. Hankey, Jun

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1852 edition. Excerpt: ...is estimated by the Custom House returns at 56,000,000 dollars. According to the calculations of the St. Francisco Herald, for the first three months of 1852, the total produce amounted to 14,656,142 dollars; at this rate the produce of the year 1852 would not be less than 62,000,000 dollars. The export of April is estimated, at St. Francisco, at 3,422,000 dollars, rather more than 18,000,000 francs. The produce of the "placers," according to the latest reports, although still abundant, is decreasing; nevertheless, if Australia does not attract the most experienced and the most greedy of the work people, the mines of California appear likely to yield this year not less than about 300,000,000 of our money; that is six times the amount of the production of gold at the beginning of the century, throughout the civilized world. It is twice the amount of the production of gold in 1847. It is hardly needful to exaggerate these figures, as many writers on both sides of the Atlantic have already done, in order to prove that a change is occurring in our monetary values, and that the status quo which has lasted for above half a century, is not necessarily to continue for ever. IV. Of the three great gold-producing countries of modern times, New South Wales is the one now most attracting public attention. This country enjoys several advantages over the others. The climate is mild and healthy, the land is neither occupied by savage tribes nor infested with wild beasts. In a country where drought is the principal obstacle to successful cultivation, the gold regions, situated on the slopes of the highest mountains and near the sources of the principal streams, are naturally the best watered. They appear to extend from north-east to south-west, ...show more

Product details

  • Paperback | 26 pages
  • 189 x 246 x 1mm | 68g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236811453
  • 9781236811455