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Ch. 1: Gold and Silver in 1889/90

Ch. 1: Gold and Silver in 1889/90 Page of 13 Ch. 1: Gold and Silver in 1889/90 Text size:minus plus Restore normal size   Mail page  Print this page
52
MINERAL RESOURCES.
WORLD'S PRODUCTION OF GOLD AND SILVER.
The writer, in the course of his work on the Eleventh Census of gold and silver for the calendar year 1889, made a study of the various pub­lished statistics of the gold and silver production of the world from 1850 to 1889. The results of this study are published at length in the census report. A comparison of the various published figures showed that there is a probability that the best tables hitherto published are far from being accurate, and it is a matter of considerable difficulty to de­cide which of two conflicting sets of figures for any one year have the greater probability of an approach to accuracy. Dr. Soetbeer, the eminent German authority on statistics of the precious metals, writes as follows on this question:
"The longer and more zealously a conscientious investigator busies himself with the statistics of the production and employment of the precious metals, the more will he be convinced that, with some excep­tions, the numerical results obtainable relating to such production and employment are of a very uncertain nature; that they possess only the character of a greater or less approach to the reality, and of greater or less probability that the round numbers laid before the student deserve confidence, because apparently most carefully calculated on positive data, and that a continual revision of the estimates seems desirable."
Ch. 1: Gold and Silver in 1889/90 Page of 13 Ch. 1: Gold and Silver in 1889/90
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US Geol. Surv. 1889-90. Gemstones, Metals.
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