Open main menu

Page:Popular Science Monthly Volume 54.djvu/657

This page has been proofread, but needs to be validated.
635
INCREASE IN PRODUCTION OF GOLD.

other southern Slavs. The Bulgarians especially are correspondingly stocky, heavily boned and built. We may also affirm a real difference in temperament between the two nationalities, built up, as we assert, from the same foundation. The Wallachians are said to be more emotional and responsive; the Bulgarians inclined to heaviness and stolidity. Both are pre-eminently industrious and contented cultivators of the soil, with little aptitude for commerce, so it is said. We hesitate to pass judgment upon either in respect of their further aptitudes until fuller data can be provided than are available at the present time.

 

MARVELOUS INCREASE IN PRODUCTION OF GOLD.
By ALEXANDER E. OUTERBRIDGE, Jr.

THE increasing annual production of gold in the world is a matter of such far-reaching economic importance, not only in the financial affairs of nations, but also in their industrial progress and in their civilization, that a vast amount of patient study has been given by eminent statisticians to the subject, and much time expended in compiling, from various historical records and other sources of information, statistical data which can be confidently accepted as approximately correct, showing the annual production of the precious metal from the time of the discovery of America down to the present day.

A publication of the United States Treasury Department, issued in 1897, containing information respecting the production of precious metals, etc., gives statistical tables showing the annual production of gold in the world, commencing with the year 1493. The earlier records are taken from a table of averages for certain periods compiled by Dr. Adolph Soetbeer, and the later figures (from 1885 to 1896) are the annual estimates of the Bureau of the Mint. Other tables show the annual production of gold from the mines of the United States alone from 1845 to 1896, and it is from these official sources mainly that the information has been gathered for this article, supplemented, however, by a full and very interesting communication to the author from the Director of the Mint, giving the latest figures, not yet published, and containing the estimates and deductions of the director respecting the production of gold in the world in 1898. This information is so timely and valuable that the author is of the opinion that the courteous letter of the Director of the Mint in response to his inquiries, if appended to this article, may prove to be—like the postscript of a lady's correspondence—its most important feature.

Students of political economy are well aware of the fact that