The total product, from 1513 to the present time, has
amounted to $2,176,000,000. The gold mines of
North America extend from Costa Rica to Alaska, between
the parallels 8 deg. and 71 deg. of North latitude,
and the parallels of 82 deg. and 168 deg. of West longitude,
comprised between the Caribbean sea and the Arctic
ocean, and the Rocky mountains and the Pacific ocean.
The Mexican gold mines were discovered by Cortez in
1526. Their annual product has decreased from
$3,000,000 in former times to $1,000,000 at the present
time. Their total product to the present time
has amounted to $652,000,000. Gold was discovered
in California by William Marshall, on the ninth day
of February, 1848, at Suter’s mill on the American
fork of the Sacramento river, and the mines extend
from 34 deg. to 40 deg. of North latitude. Their
annual product has decreased from $81,000,000 in 1853
to $14,000,000 at the present time. The annual
product of the gold mines of Colorado, Dakota, Nevada,
Montana, Idaho, Arizona, Oregon, and other parts of
the United States, at the present time, is estimated
to be $16,000,000. Their total product has amounted
to $200,000,000. The annual product of the gold
mines of British Columbia is estimated to be $2,000,000.
Their total product has amounted to $52,000,000.
In estimating the gold product of California Messrs.
Hussey, Bond and Hale, of San Francisco, (Hunt’s
Mer. Mag., vol. XXVII, p. 43) state,—“that
there should be added to the amount exhibited upon
steamers’ manifests fifteen to sixty per cent,
for the amount carried in the valises and pockets
of returning passengers, overland to Mexico, exported
to Chili, and retained in California for purposes
of currency.” Fenton (Tasmania, p. 430)
states,—“that the product of gold,
$850,000, in Tasmania, in 1883, does not include the
value of gold which left the colony by private hands,
when it is considered that the alluvial auriferous
deposits are worked by men who are constantly on the
move and who sometimes take with them, to the other
colonies, the product of their washings, without leaving
behind them any record of the weight or value of the
gold thus removed.” This rule should be
applied to Australia, Russia, New Zealand, and all
countries which are producers of the precious metals.
The annual product of the gold mines of North America
is $32,000,000. Their total product from 1513
to the present time is estimated to be $2,764,000,000,
of which $2,164,000,000 have been obtained since 1848.
The annual product of gold in America is $40,000,000,—more
than one-third of the entire annual product of the
world. The total gold product of America, since
the hills of Hispaniola were revealed to the eyes of
Columbus, has amounted to $4,940,000,000—one-third
of the product of the world since the earliest times.