New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-01-21

making up TO and including the year 1871 so33IVOOOOO
Equal At ~ so TO the pound sterling TO. &ll2O623OO
The effects Of the rapacity, extortion and crime
Of such men as cortez, Pizorro and others, were
such that in Fifty years from the discovery Of Ameri
CO, the quantity of gold and silver had doubled in
circulation in Europe and reached tn: amount Of
fry millions sterling.
A new however began to be found for the
precious metals. or one which. during the dark
ages, had almost entirely been neglected, viz the
manufacture Of ornaments aud plate these metals
began too to be exported to Asia, in payment for
luxures but notwithstanding all this, great did
the importa continue that in the year 1900 the coin
age Of Europe alone reached flso,0oo,ooO being
multiplied fourtold in a century
The seventeenth century brought with increased
wealth, refinement and luxury into Europe and
more extensive manufacture OF the metals and ex.
portation TO Asia ensued, that at the end Of it,
Notwithstanding the steady yield Of the mines, the
coinage Of Europe Is not supposed to have exceed
Cd ao7 miions sterling or I'm increase OF one hun.
drsd and ffty per cent in one hundred yesrs.
The estimated coinage of Europe and America
in the year 1910. is stated by Jacob as follows
Total coin in the year 1900 f297 100000
Deduct tor friction and loss in Ito years, TO
lSl0-. ....--..-.--..--...--.--- alVVVVVV
Leaving stock Of old coin .......... R22o000o0o
Whole product Of the mines Of
Amsrics, Europe and Africa
N llo years ---.....--..... .&eeOOoOOOO
Exported 70 Asia, twohffhs.. 35s0o0Oo
Leaving .............. sas0o0000
Msds into plate, watches, orns
uents, 6e-.---...-....--.-- SoSUVVVV
RemalnIns TO be coined ...... l7oOOOOOO
Deduct for and lose. 220o0o0v l34U)OO00
Leaving stock Of coin, Jan l. lslo Of. s3s0oo0Oo
R~.,r, 400 90 fs20 the npeat.I
sxy condition of Mexico and South America and
The partially exhsrstsd condition OF the mines,
caused great 'eclension in the supply of the pre-
cious met''.s The average annual yield Of the
who'll of this mining country fell from about eight
1'.lions sterling to about FIVE millions The United
States had however begun the working OF gold
rnines recently discovered ON a small scale as had
the Russian Government Of silver and platna
,n;nes found in thst Empire. The whole amount
Of coin In Europe and America in January 1880 Is
therefore supposed TO have been tS4se4o'so-
.ou.l TO about $50 millions OF dolars--bsing near
lv tan per cent less coin than there was IN 1910
The whole amount Of the gold and silver sup
nl;sa by the American mines during twenty years,
from 1910 TO 1899 inclusive Jacob states as fol.
lows;
AoyicO.
0ussiuaia .
Colombia. Sa2osEo,
Peru esooSso
Buepos Ayres. .---..-....--...----...--.- 0vVNVV
Chilli. tootcoc1
Brasil. .-.----...-------... l4tScVb
Whole produce OF Ameries $50 $50
EouAl teu.I5o,I Oc
Products Of the European and Russia Asia,c
Mines. .--.-----.--. SHSWNuNN
Total in the 90 years. los 100 7o>
McCulloch estimates the consumption OF the
precious metals in Europe aud America for all pur
poses other than coming, at tt56S,s2ii but one
fth part of the amount used in the arts being de-
rived from the fusion Of old plate it leaves only
Ts.esoooo as the smount Of new gold and silver
annually used in the arts in Europe and America
AL accounts aud estimates seem to agree that
most Of the mines In America are growing less pro
ducsive, and the total aupply of the precious met
ais much less than il wa, a century since; while
the population Of Europe ahd America. and III.
wants Of the commercial world az well a. III,
world of fashion. are rapidly increasing.
Ii should be remarked. however, that prior to the
nineteenth century, and to some extent "a late a,
lsle large quantities Of Cotton goods were irApoy,
Cd from Iadia into Europe and America and larr,
cams in coin exported &c India in payment as we
a. 10 China and the East India islands TO pay 70
tea coffee. spices. &c. Baron Humboldt estimate
that a. the commencement OF the present eentur
more than half Of sll the produce of the America
minss over twenty FIVE millions Of dollars annual
Of gold and silver were exported to ASIA Sine
the machinery of Great Britain and the proaigiOu
increase Of the manufactures Of that country hsv
driven the cotton goods Of India not only out Of tn
markets OF Europe and America. but to considsl
able extent cat OF their own markets. and prsts
much ruined and broken them down; aud the Bri
ish have also battered down the Barrier which e,
claded the products Of Europe and Amer;c.. e,
sept specie, from the markets Of China the dr,i
Of the precious metals to CAins India and !.
Asia has nearly ceased
five estimate the products OF the Aulencs
European and Russian mines including the pls,