The New York herald., 1851-11-22

Hence We may still infer that previouslv 70 ths
discovery OF California the production Of gold. in
Russia, was equal most probably 70 the annual
demand; that its value is iahIa "a ha
reduced nearly to the extent OF the exports from
California and that such reduction wll Of course,
be measured by the proportion which the new sun
ply may bear to the existing stock What the
amount of that stock may be Ia wholly unknovn
but there can be little question that fifteen millions
per annum is not relatively an Insignificant addi-
ton to it. Some investis gators have surmised that
400 millions is about the total in circulation
throughout the world. If that can be taken as in
any degree correct, it will be easily understood
that the Californian supplies must soon make them
selves seriously felt whenever the condition Of
Europe shall cause the quantities eagerly So
creted to return to active purposes.
But it is, after all, not question of an addition
Of fifteen millions per annum If any reliance can
be placed on ordinary evidence, the production
from California alone is only likely to be limited
6y the amount of population able to reach ths
for maohns,v dSa ,n' faPdy Of the
other reason why the fifteen millions should
not be increased to thirty or sixty. No word of
failing supplies has yet reached us. On the con-
many fellow laborers az may zee fit to Join them,
and every one asserts that the whole country Is
rich, and that, as far as the present are
SEhcelndo; S !. may oe pronounced neAhsustible.
large or continuous quantities. Is wholly dspeled.
and scarcely any news could now arrive from Cali
t0rnia, Bolivia Peru, or Australia, that could take
the public greatly by surprise.
In the face of these circumstances, it must be
injurious to encourage the tendency, always too
strong in the majority of minds, to believe that
the old routine of things to 60 as has always
gone L. can do no harm to keep the possibilities
of the case constantly in view, 50 that people may
learn gradually ard quietly to adapt their interests
to whatever may occur.
At the same time it may be questioned if the
changes destined to be produced will not be 80
balanced In their operation a' greatly to diminish
the relative disturbance among the various in
terests that must be affected by them On the 22d
primary effects to be looked for from any striking
alteration of the relations between the precious
metals arc property in general and the subject has
been de alt With elsewhere, ard other occasions.
until the public have become famlar with il. But
although the fact is unders. that re estate and
all properties, the rent or charge for which can
be raised at will, are secure from depreci ton in
case OF an currency, while the property
annuitants, on the contrary will be exposed to it,
there are vast number Of notifications to be
taken into account by which this course of affairs
may be sngularly influenced The impulse of
many, when they FIRST glanco at the que stion is to
sell annuities and buy land. Others think juatlty
that railways, steam vessels, houses, IN a,hnery,
&c, must be equally or still more desirable. The
march OF progress, however, which has brought
about the late discoveries of gold must also bring
changes that will effect in some measure the fixed.
ness even OF these possessions. While the distance
between the United States and England is being
lesseneo year py year IN way that bids fair to con-
stitute them neighboring countries, the fact that
lands are to be had in abundance at from IS to aO,
per acre On one side nu,t operate powerfully the
value of similar holdings On the other. The i'm.
provements In modes Of building, such rs have
been foreshadowed by the construction of the Cry,
tai Palace, must likewise impart . more temporary
character to existing house property. The same l
to be said with regard to ships, railroads, canals
and all things that come within the range of scien-
tifc advancement In this way it will Be seen that
while the annuitant will be unable to rely on the
perpetuity Of his income furnishing him with an
exemption from the necessity of vigilance, labor,
or enterprise, the same fate awaits most of those
who are embarked in different investments. The
alarm of one class therefore, may be mitigated BY
be fact that all others will be more1or less affected
by analogous conditions; and the promise for the
future is, that while it will be difficult for persons of
wealth to find any secure resting place for indo-
lence, the universal activity that will be called up
will furnish continuous rewards to sagacity and eI.
ertion such as have before been offered in any
age.