OCR Text |
Show Gold Production. It is difficult to realize the extent to which the production of gold ' increased in recent years. Prob. f ' the figures published are at the h only approximate, but the mints v of the world should be able to "lyry' tol-erably tol-erably accurate estimates, ar I these are helped to some extent at Vast by the statements of production at the mines. At all events, ther' e seems to be a pretty general agree, ment among the authorities that from 492, the year that Columbus discovered America, to 1896, when Bryan precipitated the discussion dis-cussion of standards ?s- world production of gold .nted to about $8,779,000,000.' Slp a sizeable sizea-ble figure, to be sure, claimed that statistics show th"...2Jn the 14 years beginning with 1896, "'and down to the close of 1909, the new gold mined amounted to $4,610,000,000, or a trifle over 52 per cent, of the total production in 400 years. It appears reasonable enough to believe that such an enormous increase in the quantity of the world's standard o( money must have had some effect upon commodity prices. |