81,849,000 15.57-15.65
1873............. 96,200,000 81,800,000
1874............. 90,750,000 71,500,000
1875............. 97,500,000 80,500,000
1876............. 103,700,000 87,600,000
1877............. 114,000,000 81,000,000
1878............. 119,000,000 95,000,000
1879............. 109,000,000 96,000,000
1880............. 106,500,000 96,700,000
1881............. 103,000,000 102,000,000
1882............. 102,000,000 111,800,000
1883............. 95,400,000 115,300,000
1884............. 101,700,000 105,500,000
1885............. 108,400,000 118,500,000
1886............. 106,000,000 120,600,000
1887............. 105,000,000 124,366,000
1888............. 109,900,000 142,107,000
1889............. 118,800,000 162,690,000
1890............. 118,848,700 172,234,500
1891............. 126,183,500 186,446,880
1892............. 138,861,000 196,458,800

Thus we see that, for twenty-seven years after the discovery of America,
the gold production was double that of silver; for the next eighty years
the production of silver was considerably more than double that of gold;
for the next one hundred years the production of silver was more than
2-1/2 times that of gold, and for the next century and a half, to wit,
from 1701 to 1850, inclusive, despite the fact of the tremendous gain of
gold in the last few years, the production of silver fell but little short
of twice that of gold. And yet, the variations in coin value were of the
trifling character previously stated. When taken by shorter periods, the
argument is still more startling. Thus in 1801-20 the production was
almost exactly 4 of silver to 1 of gold; for the next twenty years a
minute fraction less than 2 of silver to 1 of gold; for the next twenty
2-1/2 of gold for 1 of silver; and for the next twenty nearly 2 of gold
for 1 of silver, while during these awful years since 1873, in which there
has been so much said about the "flood of silver," its production has
never once been twice that of gold, and for the entire period has exceeded
it by the merest trifle. Is it any wonder that Dr. Eduard Suess, the great
German authority on the metals, and Professor of Geology at the University
of Vienna, concluded his recent work with these strong statements:

"Present legislative institutions are at variance with the
conditions established by