The New York herald., 1851-12-01

$50 900 GIL $40 ooo. .0oe

Total left San Francirco g. $50 1911 $40 Oo00o
This is independent of the sums taken out Of the
country overland from other ports in California an6
Oregon There is also large amount retained In Cali
fOrnia for currency to carry the operations Of COM
merce and Manufactured into ewery Sc for resdsnts
According TO the above statement, part OF which
estimated, It appears that the amount OF gold dust
which will the 3ls Of December next have passed on
OF California through the port Of San Frsnoiee, will
not vary much fIon eighty millions Of dollars. The
total product Of gold In California, during the year
1851 Is estimated, by good authority, at one
hundred and fifteen millions OF dollars. There
s not the slightest doubt but that full that sum
will at the close Of the year, have been extracted
nom the soil Of the mining regions OF California
In estimating the amount taken away by passengers
have taken the departures during the month Of October
data in making up the aggregate for the yesr. In
octoter the departures from san Francisco tive
thousard seven hundred An average Of two THOUSAND
per month for the year would make aggregate OF
twenty four thousand which at eight hundred dollars
per head would make total Of twenty millions Of dol
lars That sum have put down in the above table
California paper In recent calculation Of shipments
In hands Of passengers put down the average per head
at twelve hundred dollars That appearing extrsvsysnt
have reduced It thirty three and third per cent
Having show that the amount Of gold dust produced
in 1851, will not vary much from hundred and If
teen millions ofdollArs 1t becomes very interesting AMI
important question what the effect viii be Of such ar
enormous accession to the supply Of precious metals
Within the past three years the metallic currency Of th
world has be largely increased but to the extent
many suppose from the extent Of production II has.
however been very great greater than before real
lied in the length Of time. We have made out
statement fer the purpose Of showing the probable sd
dition to the metallic circulating medium Of all nstons
PRopucrIoN AND CoSsuMrrios oY Com Dusr.
r-rA "A
October 81, 1901 &200CO000C
Manufactured into jewelry, &c.
in the U. since June, lelS.. f55 100000
Reserved a specimens in all
parts of the United States &c. 100000 100000
Added to the metallic currency In three years 100000
In arriving at this result merely deducted the
consumptien Of the material this country leaving
out cf view entirely the consumption in Europe As ar
offset 70 this OMISSION have inclu uded es-
mate Of production the yield Of gold mines ether thar
those In California In the event of the production CT
all other gold mines having been usnufAcs into ar
ces Of luxury Sc IL will BE- by the above statement
that there has been added to the metallic currency Of the
world since June. 1t4s, the Of hudre
and forty millions ofdolrsa equal to one-tenth part
Of the metallic currency previously in circucn. uat
this increase been made without any nUr, yin the
tent Of pubs end private credits aud there had been
displacement Of paper currency the market vslue %
gold, compared with other metals which legal re
preventative Of properly, would have slightly depre.
'iad but that everything has thus far kept pace
with tie Increase gold The sxtcu sion cf creds-the
accumulation OF property by he impetus given TO every
branch o. Industry have required every dollar of tn
.od produced sivs this expansion proper basis. One
hundred ana t'y million. of g,l1 sSd BE- s4fe bass
or nve hunofea Millions Of pubic and private cfedite
That smcuni q credits could give an upetus entsr
NE ape irdurry that would result in an addition 10