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Since the year 1851 to date the value of the gold raised in the Australasian colonies has realised the enormous amount of nearly 550,000,000 pounds. One cannot help wondering where it all goes. Mulhall gives the existing money of the world at 2437 million pounds, of which 846 millions are paper, 801 millions silver, and 790 millions gold.
Of all the vast herds and flocks, only 279 horses, 20 mules, 61 asses, 196 cattle, 27 yoke oxen, 700 sheep, and a few valueless implements remained. All the ranches had passed into private ownership. May 18, 1846, all that remained of the former king of Missions was sold by Pio Pico to Cot and José Pico for $2437.
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