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Updated: June 24, 2025
In former times, when traders went with hundreds of slaves to the washings, the produce was considerable. It is now insignificant. The gold-producing lands have always been in the hands of independent tribes.
The ordinary business of a banking office is tolerably well known, but the business of gold-buying is a comparatively new feature, peculiar to the gold-producing districts, and is, therefore, worthy of a short description. The gold is found and brought to us in various forms. The Majorca gold is generally alluvial, consisting of coarse gold-dust and small nuggets washed out from the gravel.
The extent of the gold region is yet but imperfectly known, and I have, therefore, not arrived at any decided opinion as to its ultimate value as a gold-producing country. The boundaries of the gold district have been, however, greatly extended since ay former report.
Any other than a gold-seeker might have been deceived by these stones, which looked like vitrifications at the foot of a volcano; but the practised eye of Fabian instantly recognised the virgin gold under its clayey envelope, as it is brought down by the torrents from the gold-producing mountains. Before his eyes lay the richest treasure that was ever displayed to the view of man.
This statement is subject to fewer and fewer exceptions from one decade to another, according as the alluvial deposits in the various gold-producing countries become more or less completely worked out.
I saw the gold from this quarter as large as grains of wheat, that found in the rivers which run into the coal-field being in very minute scales. If we place one leg of the compasses at Tete, and extend the other three and a half degrees, bringing it round from the northeast of Tete by west, and then to the southeast, we nearly touch or include all the known gold-producing country.
In April at two different times twelve loads of Candon salt passed eastward through Bontoc on the shoulders of Tukukan men, but during the rainy season and the busy planting and harvesting months Mayinit salt supplies a large demand. In Bontoc and Samoki there are about one hundred and fifty gold earrings which came from the gold-producing country about Suyak, Lepanto Province.
Queensland is very rich in gold-producing mines, but it has also almost endless rolling plains covered with herbage suitable for the support of great herds and flocks, where some fourteen millions of sheep are now yielding meat and wool for export, and where some three millions of cattle are herded.
In this way, I passed two hours wandering underground with a candle in my hand, and inspecting the gold-bearing lodes of one of the richest mines in the Randt. This mine possesses magnificent lodes, and millions of tons of gold-producing quartz. There is a prospect of most profitable results in it for years to come.
This was not only because the Union happens to be a great gold-producing country but because she has an excess of exports over imports. Her money, despite its intimate relation with that of Great Britain, which has so sadly depreciated, is at a premium. I got expensive evidence of this when I went to the bank at Capetown to get some cash. I had a letter of credit in terms of English pounds.
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