The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-12-01

the previous value q property, in the space OF
time Of ~ iert thousand nnlcns and ~e have NO
Soubt al hnss shipss hsvs hsss realized 20 tA,s
tent. We IN this the great regulator II 10 this
inuitSnsOua imitation In eli the elements q hsascs Nsd
eonmesee, THAT keeps the machinery in order we can
not addse the direct or indirect Representative OF
prsy, wxhcut propotiotas increase m property itself
Che CULTIVATION OF tc SOD, mannfAct urine ueehAnisa
cSdmrcsntile indsrtry-su extended and enlarged
spprs2ortion to tAe fseilsss ct oouxn< that .ct
enth all the cAanuels Of trade auA commerce ere
hite1 With sctca Som Jim ospal-uot until the means
70 .sops al the natural q country asv
ssundtnt-E act mon until there "a supply Of eapitsa
for al purycsssgrsssor than the demandcan w look
for any depreciation In the stasdard Of value OF gid
We do not sook upon the nuctSations In the value OF
geld in Tia dnsfest markets Of the world saectins
In any WY the Standard Of value Supply ana demand
for local urposes and the balances OF trade between
dereus countries cause variations the market value
Of sosaand sometimes way, sometimes an
other; sat they wholly Of temporary character
Up 10 this zine we change In the OLD order Of
things 70 far the standard Of value Of the precious
raetas s coBsrned but anaddon to the volume Of me-
taic cuercy the rate realized during the past three
ycs-sof any great length Of time, must ultimately wo
. tremesaous revolution in the Ansscd affairs Of al
chefeading commercial nations OF the sarth. THEM
cresse of money in any shape-psper oeins cslcu-
TO uemand regulates that value. An increase Of ny
millions Of dollars annually in gOad currency must
IN tine, be felt by all classes Money must eventually
become very cheap and IL ohesps.s corresponding
change must take place In all other things 1t viii take
more money to purchase ths thing because the
vue Of money becomes less ths price of commodities
becomes greater. Those dependiag upon 6=ed incomes
for upport will be seriously restricted in their
aoverDmens corporations and incorporated companies
paying certain rates Of interest debts loans will
be much relieved from the burdens weighing upon
them but they will hnd it dnkcuf II not impossible to
negotiate loans unls the rate Of interest Is raised
oss to give income proportonste to the difference
in the value Of money without increase In the rate
Of interest," to make up for the reduction in the value Of
money, capitalists will find other employment fer their
funds There is however, very little to be apprehended
that Changes In financial and commercial
matters gradual, and all parts move together. We
hardly perceive the changes going around and
IL only by comparing the condition Of things at remote
dates, that are able to the difference Twenty
years hence California continues productive at
present. shall be in the midst of revolution in the
currency but shall hardly realize change before
that time. We have enormous demand for active
capital supply before surplus will accumulate
1t will be long after that before capital will go begging
for employment We have an immense territory to
people We have just opened channslsfor the commerce
Of ell that country bordering the Pscihc and the
miners In California and Australia will have to work
pretty sharp to keep the supply of o necessary to
sustanths rapid increase in commercial operations Of
OF in the mercantile world