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Ch. 1: Gold and Silver in 1914

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GOLD AND SILVEE.
835
IMPORTS AND EXPORTS.
The following table gives a summary of imports and exports of gold and silver during 1914:
Imports and exports of gold and silver during the calendar year 1914. [Figures furnished by the Bureau of Foreign and Domestic Commerce.]
MINES REPORT.
METHOD OF COLLECTING STATISTICS.
The first table in this report presents the final official figures of the production of gold and silver in the United States in 1914 as agreed upon by the Bureau of the Mint and the United States GeologicafSur-vey. With the comparatively unimportant exceptions of domestic gold and silver contained in ores and mattes exported for reduction during the year, these figures record the actual production of gold and silver bullion from domestic ores in marketable form as metals, either refined or unrefined.
Owing to the difficulty of tracing this total gold and silver produc­tion back to its origin by States, counties, and mining districts, however, the Geological Survey attacks this problem of distribution by systematic investigation of the mine production of ores containing gold and silver during the calendar year and of the output of the placer mines. In this way the state of the mining industry is studied in detail, and classification of output by methods of production and by kinds of ore, as well as by mining districts, is obtained. The re­sulting figures form the basis of the mines report.
Of the two plans outlined for ascertaining the gold and silver pro­duction of the United States it may be said that the one is a measure of the mining industry and the other a measure of the metallurgical industry; and one reports the production and recoverable content of mine output and the other the metal actually recovered in market­able form. The two methods will not produce exactly corresponding results, nor should they be expected to do so.
Ch. 1: Gold and Silver in 1914 Page of 97 Ch. 1: Gold and Silver in 1914
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US Geol. Surv. 1914. Gemstones, Metals.
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