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Book Description:
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1831 Excerpt: ...States for the rent ofthe mines, during the year past, if sold in the market, would buret) suffice foj-paving tire ent'-uses of collection. is mil piohub'e that any considerable extension ofthe mining operations will Ih made f ir years to come; for it iS now satisfactorily ai-ccrtained that our mmo have yielded, for a few years past, a much larger supply than Jthe consumption of th-country requires J and, unless a market fur the ex cess he found iu foreign countries, it is not to he i ipeced tit at even jtlie present rate of piodoction can be sustained. During the past year, a i;rert.number ol miners taye abaotloned the business, because the low ji'i'iee of lead did not afford an adequate Compensation foi the labor of procuring it It appears, upon a careful examination ofthe Treasury statements fo' a Umber uf years pa-t, that the whole quantity of lead, in all it various forms, which was imported during a period of ten years, commencing with 1iil9, amounted to an avet age, per annum, of-7,835 923 I hi And1 that, during the same period, the quantity ox) orted, averaged......,338,218 keaviirg for domestic consumption »n average of-6,497 ' ur» h, Average quantity derived from importations of foreign lead 6.497,705. Prior lo the year 1828, the product of the public mines had noi been soj cons derable as materially to nffect the market; but, during that year, the product was suddenly increased to more than twelve millions of pounds; 'and during the same year, the excess of impositions was 8,603,439 pounds exceeding the average of previous years more than two millions. This, with the product of the public mines, supplied the market with an unexpec-J ted excess of fourteen m 111 ions pounds, being equal to a supply for two years in advance. ' During the ...