"... Owing to the very minute proportion in which gold is often associated with rocks and mineral substances, it does not generally pay the cost of working; and the districts therefore known as auriferous or "gold-producing," in the the commercial sense of the term, are not so numerous ... Nearly all the gold of commerce has for a long time been obtained from , Brazil, Transylvania, Africa, the East Indian islands, and Carolina in the United States; the whole annual supply being estimated at about 80,000 pounds weight, and its value being about five millions . This however must be regarded as only an approximate value of the average of several years, as the supplies have for some time been increasing rapidly from the Russian mines."
David T. Ansted

January 1, 1970

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