May 27, 2017 
 Saturday 
 
 
Mine Tours Directions to the Sixteen to One Mine
Exploration of the Red Star Project The Tertiary Gravels of the Sierra Nevada of California - Introduction
THE TERTIARY GRAVELS OF THE SIERRA NEVADA OF CALIFORNIA - More excerpts History and Geology of the Sixteen to One Mine
Historical Production Records The Largest Gold Pockets Found in California
Chronology of Events What does "Sixteen to One" Mean?
Geology of The Sixteen to One Mine Map of the Sixteen to One Mine Underground - 1998
The Brown Bear Mine The History of Deadwood - Shasta Courier-1886
Bureau of Mines Report: Mine Accidents from 1911 - 1950 The Bible of the Geology of The Alleghany Mining District
The Original Sixteen to One Mine Preliminary Report June, 1980 RENAISSANCE AT THE ORIGINAL SIXTEEN TO ONE MINE - Sierra Heritage- Nov./Dec. 1992
PROSPECTUS OF THE GOLD CROWN 1949 Newsletter to the shareholders of the Gold Crown Mining Corporation-1956
Gold Crown Minority Stockholders committee-1959 Gold Crown stockholders committee-1959
Alleghany Townsite Auction (AP Article) - July 15, 1996 HOW UNCOUNTED MILLIONS OF GOLD WERE MISSED - L.A. Times June 27, 1897
Recent ore shipment brings large returns - L.A. Times June 22 , 1911 MINES AND MINING- Activities in the ore districts of the Great Southwest - L.A. Times September 5, 1909
MINES AND MINING - Activities in the ore districts of the Southwest - L.A. Times Oct. 24, 1909    
       
What does "Sixteen to One" Mean?
 

 

Sixteen to one is the arbitrary ratio of the number of ounces of silver equal in value to one ounce of gold in the bi-metallic monetary system established by Portugal in 1688. The ratio had profound effects on the world's monetary arrangements for many years, and was adopted by the United States of America in 1792.

 

The sixteen to one system was dropped by the United States in 1873, enraging the silver producers. William Jennings Bryan advocated a return to the sixteen to one policy in his presidential campaign of 1896, claiming that the inflationary effect of flooding the market with silver ("free silver") would benefit the common man's ability to pay his debts. However, when William McKinley defeated him, the issue was considered dead thereafter and the gold standard remained firmly in place.

 

In February 1934, in response to the pressures of the depression, the government reduced the value of the dollar to 59.06% of its previous amount - increasing the price of gold from $20.67 to $35.00 per ounce. On March 17, 1968, the London Gold Pool was dissolved and the United States went off the gold standard, meaning that gold was no longer a valid support for paper money and the price of gold would now fluctuate with supply and demand and the whims of "the politicians". In 1975, private individuals were allowed to own gold. Gold prices peaked at $850 an ounce in 1980, followed by a low of $284 an ounce in 1985. The price remained fairly consistent at $350 to $400 an ounce for the past decade. Recent prices of gold established a new low of approximately $253.00 an ounce.

 

  
 
© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
Fax:
E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

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Design & development by
L. Kenez