The Bay State Monthly. Volume 2, No. 6, March, 1885

In 1865 the Fitchburg Paper Company was organized. Rodney Wallace, having purchased the interests of the other three original members of the company, is now the sole proprietor. He operates two large and well-equipped mills in West Fitchburg, which produce from 15,000 to 18,000 pounds of card and hanging paper every twenty-four hours.

In 1864 George W. Wheelwright and Sons built a paper mill, and in 1880 the G.W. Wheelwright Paper Company was incorporated with a capital of $100,000. The mill is located on Fourth street and produces about 7,000 pounds of news paper per twenty-four hours.

In 1884 a number of capitalists purchased the building long known as Richardson's scythe shop, situated on Scythe-shop road, South Fitchburg, and converted it into a paper-mill. It is now operated by the National Paper Company and produces manilla and hanging paper.

The chair business is represented in Fitchburg by an establishment which is one of the largest and best arranged in the world. Walter Heywood really founded this industry here in 1844, though chairs were made in Fitchburg on a small scale some years previously. The Walter Heywood Chair Company was organized in 1851 and incorporated in 1869 with a capital of $240,000. In July, 1870, the company's buildings on Water street were completely destroyed by fire, and a lot on River street, comprising nine acres, was immediately purchased for the erection of new works. These buildings, each three hundred feet long, fifty feet wide and two stories high, besides store houses, offices and sheds, were soon ready for occupation. A private track connects the works with the Fitchburg Railroad. The Company has a very large trade, both foreign and domestic, and employs three hundred men. The chair stock is prepared at the company's mills in Barton, Vermont.

The manufacture of cotton and woolen goods is extensively carried on in Fitchburg. The Fitchburg Cotton Mill is a fine brick building at the upper end of Main street; carpet warps, batting and twine are here manufactured. The Fitchburg Duck Mills in South Fitchburg produce cotton duck. The Parkhill Manufacturing Company (John Parkhill, President, and Arthur H. Lowe, Treasurer), occupies what was formerly Davis' chair shop, situated on Circle street, and manufactures gingham. The building has been greatly enlarged and additional buildings have been erected since the company was organized a few years ago. Excellent goods are manufactured and find a ready market.

The factory of the Fitchburg Woolen Mill Company, in Factory square, has been long established and its products are well known. The company was organized in 1843, but the factory itself has been in existence much longer, being one of the oldest brick buildings in town. It was originally used as a cotton mill, but in 1822 it was made into a woolen factory. Since that date it has been enlarged several times. William H. Vose, recently deceased, was Treasurer and Manager of this mill for about forty years. Only a few months ago Mr. Vose wrote a concise history of the factory since 1822, which is interesting and valuable. James Phillips, Jr., is a prominent woolen manufacturer and operates the three following concerns: a large woolen manufactory in West Fitchburg, producing suitings, etc.; the Star Worsted Company, and the Fitchburg Worsted Company, producing yarn and worsted. Mr. Phillips has met with marked success, and his goods take high rank in the best markets. There is a woolen mill in Rockville, a village in the westerly part of Fitchburg, operated by James McTaggart, Jr.

The firm of E.M. Dickinson & Company is the only one in the city engaged in the manufacture of shoes. This firm occupies a handsome brick factory, recently erected on Main street, next to the Simonds Manufacturing Company, and has a large trade both in New England and the West. In connection with E.M. Dickinson & Company, and located in the same building, is the Sole Leather Tip Company. The Fitchburg Furniture Company has a large manufactory on Newton Place. A number of concerns carry on an extensive lumber business and operate establishments where doors, sashes, blinds, and ornamental wood-work are made. J. Gushing & Company and Washburn & Woodward operate large grain elevators and flour mills. The first named firm occupies the "Stone Mill," one of the old land-marks of Fitchburg. In addition to the above there are numerous individuals and firms engaged in the manufacture of confectionery, crackers, tin-ware, toys, soap, wood pulp, carriages, harnesses, marble and granite monuments, bricks, beer, cigars and matches. In fine there are over one hundred concerns here engaged in manufacturing on a large scale, and considerably over one hundred establishments where occupations akin to manufacturing are carried on.

But Fitchburg is beautiful as well as busy. Handsome churches, business blocks, public buildings and private residences greet the eyes of strangers in our streets.

There are eleven churches in town. The First Parish (Unitarian) Church is the oldest. The present edifice is a plain and substantial brick structure at the head of the upper common, and was built in 1837. In 1883 the interior was entirely remodeled and stained windows put in, thus making a handsome auditorium. Rev. W.H. Pierson is pastor of this society.

The First Methodist Church is on Main street, opposite the lower end of the upper common, and was built in 1840. Rev. W.J. Pomfret is pastor.

The First Universalist Church stands on the corner of Main and Rollstone streets, and was built in 1847. Rev. F.O. Hall is pastor. This society proposes to erect a new church, further down town, before long.

On the opposite corner is the Calvinistic Congregational Church, built in 1844. Rev. S.L. Blake, D.D., is pastor. In connection with this Church is a handsome and commodious chapel.

Further down Main street, opposite the Post-office, is the First Baptist Church, a large and imposing structure, built in 1854. Rev. I.R. Wheelock is pastor.

A little further down, and on the opposite side of the street, is Christ Church (Episcopal). This is built of granite and has a very attractive appearance both within and without. The society has no settled rector at present.

Towards the lower end of Main street is situated the Rollstone Congregational Church, a fine brick and stone structure, built in 1869. In connection with it is a handsome chapel, the gift of the late Deacon David Boutelle and named after the donor. The Second Advent Chapel is on the corner of North and Cherry streets; no pastor is at present settled.

The St. Bernard's Church (Catholic) is a costly and handsome brick and stone edifice on Water street. Rev. P.J. Garrigan is pastor, and Rev. D.F. Feehan is assistant pastor. In 1878 a fine Catholic Chapel (Church of the Sacred Heart) was built in West Fitchburg, and is now under the charge of Rev. J.T. Donohoe. There is also a very pretty Methodist Church in West Fitchburg, of which Rev. W. Wignall is pastor.

The Fitchburg Savings Bank block, on Main street, up town, is the largest and finest in the city. It was erected in 1871, and is of brick with a handsome and costly front of fine, white-grained granite. The ground floor is divided into four stores, which are as commodious and well-appointed as any in Worcester County. On the second floor are the banking-rooms of the Fitchburg National and Fitchburg Savings Banks, the office of the Fitchburg Mutual Fire Insurance Company, and several law offices. The two stories above are mainly occupied by the Free Masons, whose rooms are among the finest in the State.

The Safety Fund National Bank has rooms in Crocker Block, a handsome brick and stone structure further down on Main street. The Windsor Club (social) has attractive rooms in this block.

The Rollstone National Bank has rooms in the Rollstone Bank block, a large and fine brick and sandstone structure, on the south side of Main street, down town. The rooms of the Worcester North Savings Institution are also in this block, and the Odd Fellows and E.V. Sumner Encampment, Post 19, Grand Army of the Republic, have commodious apartments in the upper portion. The Wachusett National Bank has a brick banking house on the corner of Main and Day streets.

Whitney's Opera House block contains the only theatre in town. The stage is of good size and well-appointed and the auditorium neat and attractive. Good companies appear here throughout the season, and are well patronized by citizens of Fitchburg and neighboring towns. Other blocks worthy of mention are Belding & Dickinson's, Coggshall & Carpenter's, Hatch's, Wixon's (not yet completed), and Stiles'—all on Main street, and Union and Goodrich on Day street.

There are eight hotels in the city, the Fitchburg Hotel and the American House being the two largest.

The City Hall, on Main street, nearly opposite the Savings Bank block, is a large brick building. The entire upper story is devoted to a large hall, called the City Hall. It is the largest in the city. There are about a dozen other halls of various sizes in different parts of the city. On the first floor of the City Hall are the various city offices, rooms of the Mayor, Aldermen and Common Council. The entire rear portion is occupied by the Public Library, containing over sixteen thousand volumes, which will soon be removed to the new and elegant "Wallace Library and Art Building," now in process of completion. Mr. Wallace's generous gift to the city is fully described in another article.

The Post-Office occupies the lower floor of a neat and substantial brick edifice opposite the Baptist Church. The letter-carrier system was begun here November 1, 1884. In the upper portion of this building are rooms occupied by the Fitchburg Board of Trade and the Park Club (social). Just below the Post-Office is Monument Square, in the centre of which is a handsome soldiers' monument, designed by Martin Milmore, and costing about $25,000. It was dedicated June 26, 1874. Four brass cannon, procured through Alvah Crocker while a Member of Congress, stand in the enclosure. In the rear of the square is the Court House, a stone building of noble proportions, built in 1871.

Fitchburg is located on the Hoosac Tunnel route, and hence has extensive railroad facilities. The Fitchburg Railroad runs eleven passenger trains to Boston every week, day and five to Greenfield and North Adams. The Northern Division of the Old Colony Railroad terminates here and furnishes four trains daily to Boston, and also to the principal cities of southern Massachusetts. The Fitchburg and Worcester Division affords ample means of communication with our sister city. The Cheshire Railroad furnishes four trains daily to points in New Hampshire and Vermont. A route for the proposed Fitchburg and Manchester Railroad was surveyed last summer. The Union Passenger Depot, used by all these roads in common, is a commodious building and an ornament to the city. Not far from the depot is the "L.J. Brown" store, a large and handsome building with a brown stone front, which is certainly worthy of mention, both as a sample of the business blocks in town, and as a memorial of the late L.J. Brown.

Fitchburg is well provided with school houses. The High School on High street is a large and convenient building, and was erected in 1869. Mr. R.G. Huling has been the Principal since 1875. There are three large Grammar school buildings in the city proper, and one in West Fitchburg, besides a dozen or more buildings occupied by lower grades in various localities in town.

There are two newspapers published here. The Fitchburg Sentinel occupies the entire upper portion of one of the oldest brick buildings in town. The structure has been raised and enlarged since it was first built. The first number of the Sentinel appeared December 30, 1838, and on May 6, 1873, the Daily Sentinel began its existence. Both are still published and enjoy a large and increasing circulation. The Fitchburg Tribune is issued weekly. This paper has been established only a few years, but under the present proprietor is acquiring a goodly circulation.

Our city is fortunate in possessing an abundant supply of excellent water derived from Scott, Shattuck and Falulah Brooks. Three reservoirs, Overlook, Scott and Marshall, were constructed at the time the water-works were first put in operation, a dozen years ago. These are located on the high land north-west of the city. In 1883 a fourth reservoir was constructed and named Falulah from the brook by which it is supplied. Overlook is the largest and most elevated, being four hundred feet above the railroad tracks. More than eighteen miles of service pipe are now in use, and there are over two hundred fire hydrants at various points. The city is equipped with a fire alarm telegraph, having thirty-one signal boxes, and maintains an efficient and well managed Fire Department. It is thus easy to understand why Fitchburg seldom has a fire that amounts to much.

The Wachusett Electric Light Company began to light the principal streets in the city proper in 1883, and still continues to furnish agreeable illumination.

The Fitchburg Gas Company, organized in 1852, has works a little below the Union Depot and is in prosperous condition.

The Fitchburg Divison of the New England Telephone and Telegraph Company comprises this city, Leominster, Lunenburg and Westminster. There are nearly four hundred subscribers.

The Fitchburg Roller Skating Rink is an institution very attractive to the public and well patronized. There is also a skating rink in West Fitchburg.

The Massachusetts Mutual Aid Society, an organization for life insurance, was incorporated in 1875, and its members now number several thousands.

The Fitchburg Co-operative Savings Fund and Loan Association was incorporated in 1877. Monthly payments are made by share holders and money loaned on real-estate.

The Worcester North Agricultural Society was incorporated in 1852, and has extensive fair grounds and a trotting park in the easterly part of the township.

The city owns two cemeteries. Laurel Hill Cemetery is large and has been in use for at least seventy-five years. It occupies a hill overhanging the river, and is truly a city of the dead overlooking the city of the living. Forest Hill Cemetery is on the Mount Elam road, two miles south of the city, and is of more recent origin. St. Bernard's Cemetery, in the easterly part of the town, is owned by the Roman Catholics.

Fitchburg hospitality is well known, and Masonic or other organizations are always sure of royal entertainment and a grand good time when they visit their Fitchburg brethren.

Art, literature and music have always been cultivated here. Though there is no organized art club in town, there are not a few artists here of merit whose skill with crayon and brush is fully appreciated.

The Fitchburg Literary Club was organized some fifteen years ago. Its membership has been large and its meetings interesting. Mr. R.G. Huling is now the President of the club. Several writers of prose and verse reside in town.

In proof of musical talent we refer with just pride to the Fitchburg Military Band, G.A. Patz, Director. The band, under the faithful and skillful management of the late Warren S. Russell, attained almost the highest rank among the musical organizations of New England. Mr. Russell was a most estimable man, of rare musical ability, and his death in March, 1884, was a sad blow to the members of the band, and to the citizens of Fitchburg as well. At his funeral, March 18, 1884, the floral tributes from many musical organizations in New England, the presence of Mr. D.W. Reeves, always a warm friend of Mr. Russell, with the American Band of Providence, Rhode Island, whose members voluntarily tendered their services for the occasion gratuitously; the great concourse of citizens and the general suspension of business throughout the city, showed better than any words the estimation in which he was held. In April, 1884, Mr. Patz became the leader of the band. That he is eminently qualified for the position is shown by the fact that the band still maintains its high rank and bids fair to surpass in the future the successes of the past. In the upper common is a very handsome band-stand, erected by means of the generosity of certain citizens, and down town in Railroad Park is another, not quite as ornamental. The band gives a concert at each place nearly every week during warm weather, and large audiences appreciate the music. Nor are we lacking in vocal talent. Several of our residents, some of whom have perfected themselves abroad, have acquired, or are acquiring, reputation as singers.

There are many handsome residences and fine estates in and around the city, a few of which are represented in this sketch. It is to be regretted that the residence of Mr. George F. Fay, of Crocker, Burbank & Co., cannot be shown. It is in process of completion, and when finished will be the finest in the city.

Fitchburg is situated in a pleasant valley, extending nearly east and west, through the southern portion of which runs the little river. Main street is just north of this stream, and, in a measure, parallel to it. This is the principal business street in the city and from either side of it branch off streets most of which eventually climb up a hillside. The city tends to increase along the course of the valley mainly, though now the surrounding slopes are fast becoming covered with dwellings. The streets (with the exception of Main) are unpaved, but are carefully looked after by the city and always kept in good condition. Good sidewalks, plenty of shade trees, and the general appearance of thrift and neatness on the part of citizens, make a stroll through the streets of Fitchburg very agreeable. Such, at least, is the opinion of the writer who, as a native of the place, may be allowed to express pardonable pride in the general appearance of prosperity, neatness and intelligence in the community.

This sketch would be incomplete without some slight allusion to the surrounding country. The most marked topographical feature in this region is Rollstone Hill, a rounded eminence, composed entirely of granite. It is just southwest of the city. Its top is bare rock, but the sides are covered with a thin layer of soil, which furnishes support for quite a forest. Several quarries are worked during warm weather, and an immense amount of granite has been taken out without any apparent diminution in the size of the hill. It may be of interest to state that the Fitchburg Railroad depot, in Boston, is built of granite taken from this hill; and there are several other large stone structures in the Hub built of the same material. On the very summit of Rollstone is perched "the Boulder," a round mass of rock, forty-five feet in circumference, and weighing at least one hundred tons. The rock of which it is composed is totally unlike any rock formation within a radius of thirty miles or more, and it is probable that this boulder was brought to its present position by ice. The view from the top of this hill is well worth the slight trouble taken in ascending it. At the feet of the observer lies the city, forming almost a semi-circle. Wooded hills arise on all sides. Wachusett, twelve miles distant, rears its imposing pile in the south, while Big Watatic overtops its brethren in the northwest. Almost opposite Rollstone is Pearl Hill, which is also well worth a visit.

There are many pleasant drives around Fitchburg, which are thoroughly appreciated by the citizens. But we must not dwell longer upon Fitchburg or its environs. Let those who are strangers to our city come and see for themselves. They will be welcome.

The writer is aware that much has been omitted in this sketch which ought to have been spoken of; but in a magazine article, intended simply to give a general idea of the place, such must of necessity be the case. Much space might, for instance, be most justly devoted to the business men and merchants of Fitchburg, who, by hard work and fair dealing, have acquired honorable names in the community. It would be quite possible to fill several more pages with such matters, but it is probable that the readers of the "BAY STATE" will coincide with the opinion that it is about time to stop.

The Past And Future Of Gold

By David M. Balfour

Gold, from the earliest times to the present day, has been regarded as one of the most precious of metals. Next to osmium, iodium, and platinum, it is the heaviest of metals, being nineteen times heavier than water. Next to iron it is the most extensively diffused metal upon our planet. It occurs in granite, the oldest rock known to us, and in all the rocks derived from it. It is, however, much more common in alluvial grounds than among primitive and pyrogenous rocks. Nine-tenths of the gold which has been produced has been obtained from alluvial beds. Gold mines are generally situated at the extreme limits of civilization. Herodotus notes the fact and he is confirmed by Humbolt. It is first mentioned in Genesis ii: 11. It was found in the country of Havilah, where the rivers Euphrates and Tigris unite and discharge their waters into the Persian Gulf. Gold is never found in mass, in veins, or lodes; it is interspersed, in threads or flakes, throughout quartz or other rocks. It is the only metal of a yellow color; it is easily chrystallizable, and always assumes one or more of the symmetrical shapes,—such as the cube or octahedron. It affords a resplendent polish, and may be exposed, for any length of time, to the atmosphere without suffering change, and is remarkable for its beauty. Its malleability is such that a cubic inch will cover a surface of eighteen hundred square feet; and its ductility is such that a cube of four inches could be drawn into a wire which would extend around the earth.

Gold in its relative value to silver has varied greatly at different periods.

In the days of the patriarch Abraham, it was one to eight; B.C. 1000, it was one to twelve; B.C. 500, it was one to thirteen; at the commencement of the Christian era, it was one to nine; A.D. 500, it was one to eighteen; in 1100, it was one to eight; in 1400, it was one to eleven; in 1545, it was one to six; in 1551 it was one to two; in 1600, it was one to ten; in 1627, it was one to thirteen; in 1700, it was one to fifteen and one-half; it held the latter ratio, with but slight variation, until 1872, when it began to rise, and in 1876 it rose to one to twenty; it soon afterwards gradually declined, and now stands one to nineteen and one-half. The supply of silver beyond a legitimate demand for financial purposes, the decrease of the export of silver to the East, and the demonetization of silver by the principal countries of Europe, have induced a tendency in the ratio of the two metals to again advance. Gold was extremely abundant in ancient times. It was plenteously furnished by the rivers of Asia. The sands of Pactolus, the golden fleece conquered by the Argonauts, the gold of Ophir, the fable of King Midas, all tend to show the eastern origin of gold. It was abundant in Cabul and Little Thibet. It abounded in the empire of the Pharaohs, as is attested by the traces of mining operations, now exhausted, and by the multitude of objects of gold contained in their tombs. Dennis ("History of the Cities and Cemeteries of Etruria," vol. II, p. 50) states that "gold ornaments, whose beauty and richness are amazing, abound in the tombs of the Etruscans, who were undoubtedly one of the most remarkable nations of antiquity, and the great civilizers of Italy. In a single tomb in Cerveti, fragments of breastplates, earrings, and brooches, sufficient to fill more than one basket, were found crushed beneath a mass of fallen masonry. A gold chain, with a number of pendant scaraboei, was found in a tomb in Vulci, transcending anything before seen by him. Bieda, Chiusi, Canosa, Casuccini, Perugia, and Veii belong in the same category." Schlieman ("Ilios" p. 253, et. seq.) states that they had an abundance of gold, bordering, as they did, on Phrygia, and nearly touching the valley of the Pactolus, so famous for its auriferous sands. It was very pure and therefore easily worked. In a tomb a single vase was found containing eighty-seven hundred small objects of gold. Ornaments of gold are very abundant in the tombs of Mycenae. In remote antiquity the bulk of gold was brought by the Phenicians from Arabia, which had twenty-two gold mines. It was the ancient El Dorado, and proverbial for its wealth of gold in all antiquity, down to the Middle Ages. "Arabia sends us gold," said Thomas A. Becket. Sacred ornaments of gold abound in churches, temples, pagodas, and tombs, throughout the Eastern hemisphere. The Homeric poems call Mycenae a city rich in gold. Gold abounded in the Levant, and it was obtained in considerable quantity in the island of Siphnos, and also from Pangaeus. It was found in abundance in Turdeltania in Spain; it was brought down by the rivers Tagus and Duoro; and it was plenty in Dacia, Transylvania, and the Asturias. Caligula caused his guests to be helped with gold (which they carried away), instead of bread and meat. The dresses of Nero were stiff with embroidery and gold; he fished with hooks of gold, and his attendants wore necklaces, and bracelets of gold. The Egyptians obtained large quantities of gold from the upper Nile, and from Ethiopia. Among them it was estimated by weight, usually in the form of bulls or oxen. In the centre of the continent, upon which so much light has been recently thrown by Livingston, Stanley, and others, rocks are to be met with quartz veins containing gold, and thus auriferous alluvium has been formed. Western Africa was the first field which supplied gold to mediaeval Europe. Its whole seaboard from Morocco to the equator produces more or less gold. This small section of the continent poured a flood of gold into Europe, and until the mineral discoveries of California and Australia, it continued to be the principal supply to the civilized world. In eastern Akim gold is said to be as plentiful as potatoes in Ireland. The Fanti gold mines are far more valuable than Ashanti, and the Wassaw and the Nquampossoo have gold nuggets in profusion. The King of Gyaman became immensely rich by the product of his gold mines; his bed had steps of gold. The French claim that they imported gold from Elmina in 1382. The Portuguese discovered gold in 1442, upon the borders of Rio de Ouro. Mungo Park, in 1797, drew attention to the existence of gold in the provinces of Shronda, Kinkodi, Dindiko, Bambuk, and Barabarra. Caille, in 1827, reported an abundance of gold in the valley of the Niger. The gold mines of Boure were first visited by Winwood Reade in 1872. The inhabitants of Western Africa have worked their gold fields for centuries to very little purpose. Their want of pumps, of quartz-crushing machinery, and of scientific appliances, has limited their labors to scratching the top soil and nibbling at the reef-walls. A large proportion of the country is virtually virgin ground; and a rich harvest has been left for Occidental science, energy, and enterprise. It is fast becoming evident that Africa will one day equal half a dozen Californias. The annual product of gold in Africa has declined from $17,000,000 in 1471 to $3,000,000 in 1816. Since the latter date it has gradually declined to $2,000,000. The gold product since 1471 has amounted to $3,500,000,000.

Gold, after the discovery of America, was produced in large quantities, principally in the Antilles, and chiefly in Hispaniola, and the western coast of the Gulf of Mexico. America is pre-eminently the land of metals. Gold is found in greater or less abundance throughout its Pacific coast from Alaska to Patagonia. The New World furnishes nearly two-thirds of the precious metals annually produced. The export of gold from the United States since 1848 has amounted to $1,548,564,852. The gold mines of Peru were revealed to Europe by Pizarro in 1513. The gold mines of South America extend throughout its entire territory. Its richest mines are about Huylas and Turma, Most of the rivers of the Andes bring down auriferous sands. Before the arrival of the Spaniards the Indians had gathered from the river sands large quantities of gold in Peru, Chili, and along the whole western coast of South America. Brazil has yielded, from 1513 to the present time, $876,000,000 of gold. The annual product of gold, in South America, at the present time is $8,000,000. 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° and 71° of North latitude, and the parallels of 82° and 168° 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° to 40° 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.