Mobile daily commercial register and patriot., 1841-10-29
,e aggregate of all these items a-
 mounts to inc sum of 6,Z34, ,I43, ,456

mounts to the sum of 6,2S4,74s,4 ,456
 (Noallowance has been made for the
 quantities retained by Mexico and the
 South American States prior to 1903,
 for their use, which, according 10
 Mir. Gallatin's article Banks and
 Currency, published in the American
 Quarterly Review in 1880, wherein he
 quotes the estimates of Humboldt, must
 have amounted to something near
 f200, 900 ,OOO)
 To this sum there must be added the
 following items, taken from Mr. Gala-
 tin's article on Banks and Currency, in
 the Quarterly Review of 1880, page 446;
 "I'he ascerlalned products of the
 mines of Siberia, up to the year 1880 OOOOO ,OOO
 ''The product of the mines of Europe,
 and of the African gold dust, from the .. discovery of America to the year 1880 45O ,OOO,OO
 'The amount existing in Europe pri-
 or to the discovery of America 300 OOO, ,OOO"
 The grand ascerfained aggregate sup
 ply of the precious metals at this time in
 the world, appropriated to the uses of
 man $7,094, ,743, ,456
 Sepen fhousand aud eighty Jour million seven hum dred and forty-three thousand four hundred and fifty six dollars! And this uast sam, sir, is considerably more than one hundred millions short of the aggregate estimate of Nr. Galatin in the article alluded to- In that article hs estimates the whole stock of precious metals hand thousand tDO Hundred iltions.
 But may be told that a portion of this i'm mense sun has been lost by shipwreck and lire, by and ear and burying or secretng Il in the earth during the and revolutions of Europe. Admit il ; and then, the other hand, you will find that, in all probability, equally great contributions have Deen nade and are daily being made, the stock of pre- cious metals, of which no account has been taken There gold and silver mines in China of no in- considerable importance; and supplies of these met as received from "Borneo, Celebes, and the Malay peninsula, and other sources, of which no statistical accounts given.
 The precious metals are not subject to oanker or rust; they are indestrucble in their nature, and, from their great value, the subjects of great and soliotuAe, Any loss of them, therefore, in propor- tion to their quantity, most be nconsiderable. The consumption of the precious metals in the man. uacture of plate, ewery, ornaments, and for all the purposes of luxury and extrayagance to which they devoted, is the result of the vast supply of those metals existing in the world, The quantity estima- ted be employed tn administering to these vain de- sres and luxurious propensities of the human heart in Europe and America, is one hundred and tty per cenf greater than the phoie amont of fcMreaey ncid ing both paper aud coin, used in those two sections of the world, ltis plain then, that demand for gold and silver for purposes of currency and exchange in the United States would be supplied to any possible erfeat, with the utmost facility and certainty. The whole amount obtained would be finally withdrawn from these iurwious ses, without any effect upon the commerce and trade of the world, and, indeed, with little or no effect pPoD tAfTH.
 If the thirty three millions of coin in the vaults of the banks of this Union the first day of January last were thrown into circulation, and every bank note in the Union burnt up banshed from circula- ation 1t would require but the onehundredth part of | the stock of gold and silver in the world to supply the country with an amount of metallic mos ney equa! to the Ghole amount of paper then or | in circulation, To have made such an allegation as this short time since, would have served but ex- cite the ridicue and derison of those who thought they uery ,cise and yet, sir, IS true beyond the possibility of doubt or cavil.
 | There other important enquiries connected with this branch of the subject, which would gladly pur- if permitted by the limimaton of time prescribed by the rules of this House. The practical condition of the currency of each of the civilized nations of the world; it's proportion in amount to their trade and population; the proportion of that population engag ed Tn active pursuits, and having for currency the proportion of the population of the world that uncvilized, not engaged in the pursuits of commerce or trade, and that have use for onay or currency and the consequently greater supply of the precious metals of that part of the population of le world that | is civilized and engsged-together with view of the pas aggregate of the annual products of the labol of the people of the United States, internal and ternal, showing an ability, under the influence o a proper, constitutional policy the part of the | Federal and State Governments, to command the use of greater amount of the precious metals in proportion to population, than exists in any other nation of the subjects of inqur, of the deepest interest," and should engage the thoughts of ali who are sincere in their desires for reform But sir the hand of the clock nnder the rules o the | House, admonishes that can proceed no further in the ratification of what conceive to be the inter | ests of my constituents in these great questions.