The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1849-04-14
EFFECT OF THE NFLuN OF GOLp
FROM CALIFORNIA.

ANH@N h<Ai%lt tlAthlhH
What effect Will great infuNuf gul { fuui
California have np1n tie money lnarkeis IT
the worih'-wih u Hiirrt the relaiiye xslue
Of gold ilsHli Y--arn questions WHICH have
been on the liPs ofRlm0st every one. sincr
Ihe brsi Intelligence was known Of HE abun-
dnnes 81 tie precious msinls in oar Haw y
acquired territories, An who remeHbsr the
THrrrufHiiouu TINT wrru fuHri-, aurl f-st-- ..s.-
'erihined, principally in the old world, bui "a
s'fne extent in this country, alec, when the
prospect oflarF0 aud cOtHiunhily increasing
HupplinA from Siberia WIS irst made known
Ia tie puLiic, ii they Alao frcOlleel hos
grUuudess were ihs foolish Apprshensians
then entertained and expressed can readily
answer these gueailonH, aud satisfactorily. 800,
A perfect panic then seized upon nnhy whose
commercial aud financial experience ought
20 hnve taught them beiteG u was fsHTad
that the unusual iuipon Of gold from Russia
into other countries would dianfrange the
respective values between gold aud silver, ns
standards Of commercial value, and reverse
or dernnge all previous financial regulations,
These fears then proved to ba utterly idle,
pren,ni ure, and grOunlies[ Yet II has not
been because their fears Exaggerated lhe ~
creased supply Of the precious metal. Far
from W. the produce Of the gold from tlicl
kH--,sV tsrTitoFias haa during ths lazi ten
. NfNfh lHtffHrfh HhWi ffN iNohnhlIN IihANhH
weight TO fif,y thousand, and IN value from
less linn nine hundred thousand dollar, To
nearly fourteen millions, Ia .some year,
f.u-t yr-r tir----Nsr- sI.st4s- f.lllaF- aI4d
the GuauliIy produced represented about ten
millions IN vniue I, H. however, ilought,ns
q u very difficult 10 get al Statistical facts ~
dat country, tho fua quantity WAS nearer
fifteen millions, than ien, IN actual value.
Notwithstanding this vast Increase, il has
Al no time had a perceptible effect upon ilie
value Of bullion. Tho prica las remained
Hlni"st slcHdily the snne, The variation of the
value Of Hu puure never having baan moro
iiIali n cent or Two, aud That variation bcmg,
always attributable To other causes, than The
abundance Of gold. The sauo result, Wc
npprcheud. may IL sNpecIed from tive PRIV.
ducc OF gold ~ California, even should II b.
aHProlihr as The nsost eNrayngant Rnticipn-
tIr'rrH Trrrf'urr So - expect 'lhs uuatruso
cNleusioupf commerce, which ihc colonizl.
ton of California alone will cr-utc, AID many
other causes which Hrc also tending 10 siri-
lar results, Wii "pru ready channels llr the
irc' voarsc iur al ll,o precious colu lhn' cuuH-
10y Is likely 10 produce, sycp " Russia fully
maintains her average annual produce, md
even through the rulnors or the discovery Of
immensely rich gold regions ou tie banks
"ilhg Rauila uud Gourla riNcr- lu Aiica may
IituNc g. Ice well founded. We learn ituni
lhr London Mining Joufnnl-n fact which
W,il duuller- suFIri-e n,npy Of our rrndrr-
Tint there ils, h,,p coined ice he govern.
ucui iuiut ul.l.ouduu, during tie la-i ihirly-
Nvo years, very uruly fioO GOO sterling.
10 sovcr. gus 81 hat soygrrigus, o,,uu aver.
agc more than Sl5000,0O0 Uycar aud What
Iy the friction iu iIo coLiiugun5 CIRCULATION,
and ihn operations of She com drsioilers,
called sweating" % large amount s ueccsg,-
- iu hll it,r rnp thus caused be-isrs I.r,,, al
lng for 10" wants Of the public in Increased
ritcHiUiOn.
Nov Tie largest probable estimate Of the
l'r'duc@, oi Clhorui1, rs from twenty to llir.
~ millions % lcar. This amount, II - Eta.
'rd hy lh" most compcfau, auihoriurs upou
such subIcctrl will uog adj quarter uin dol b
'r per head per runuui--a suu which crr. .
alnly seed not bo l9oScd upon with auy dis
nay. ii''s ~ ti'r only i.,Ir and disrurIirrrr---
'd light poo Which this question rnu property
iu rrguI''.d. WlIrp ~ uddi,iuu o. The con-
.iicr.ttons We have named above, Eve also
nkc into HcrGaut the snrt"u- purposes ror
5 h'ch gold Is employed, aud t,ic ipcTtHsiug
icninnd Tor irwelry, watches, lluI,'' and tiies
uri"us other ises Tor which u Is employed
n the arts, we ihirtl there rBu bg no doutt
whatever that there nrc nbundnnt channels
nr III" safc mud fruciiSing course Of IN Tic
old that California, Russin, aud evan AirIcn,
produce Boston Atlas.