Remarks On the Production of the Precious Metals And On the Demonetization of G
Remarks On the Production of the Precious Metals And On the Demonetization of G
Lon Faucher
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6d. 2 6, 000 to 8, 000 4 5 to 8 47 King, whose report is of still later date, places the average day's work per man at about 16 dollars, or one ounce of gold. During the second period of working, when the miners flocked to the " placers, " and disputed every inch of the golden soil, the yield began to diminish in a very marked degree. A local mining journal, the " Placer Times" of 26th October, 1850, giving a resume of the proceedings af the season, including the encampment from the Kiver de la... Plume to the River Consumnes, covering an extent of about 100 miles, and occupied by 60, 000 gold- seekers, estimated the mean result of a day's work at from six dollars on the River de la Plume, to four dollars on the 1'Yuba and Ours, and five dollars on the American Fork. The information collected by our consuls at the beginning of 1850, gives a result of one to two ounces per day in the Valley of the Sacramento, and from one to four in the newer regions of St. Joaquim. The diminishing produce, comparing one year with the other, was not without some compensation.
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