Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1852-12-31
Decline In the value of Money.

a late number of the North American Review,
contains an article on the increase of the precious
metals, and the consequent reduction in the value
of money. The writer shows that from 500 TO
l545, according 10 Humboldts tables. the sup
plies OF the precious metals obtained from America
were about 100000 year. From l545 TO 600
the supply averaged Sll 100000 year The
supply was largely increased from lao TO 1908,
the highest rate being estimated at $50, 900 600
About the year 1910, the annual supply was csti-
mated ut S4S, 937 900. of which II ,64S 900 was
gold, and SO 2S9 900 silver For the ten succeed
ing years there but little increase in the supply
and down 10 the wars i'll the Spanish American CO.
lonies, according 10 Jacobs, the supply from the
American mines did not exceed 20 600, 900 wear.
In 1884 McCulloch states the supply from all the
world at 10000, 900. In lS47 this supply was in
creased by the product of the Russian mines to
67 OOO,0 600. The products of the California and
other mines have swollen the amount in lS52 to
Us, 2S4 900, in gold rs S34 600 and in silver about
80 600, 900 from all the world The supply in S52
is about six times as large as it twenty years
since. No reduction in the supply is anticipated
for Il number of wears. Should there be IL rcduc-
ton in the products of the California mines those
of Australia will, at least make good the deficiency.
An important difference appears in the present
increase and that of former years. Ii is ths-the
present increase is in gold while that of former
years was nearly all III silver. This difference has
already produced a great change in the relative va
Il
looked for. The Review, in consideration of the
matter, thinks it but the exercise of ordinary eau
ton 10 assume that " the annual supply of the pre-
couS metals will not fall below hundred millions
of dollars for many years, and that in quarter of
century, this supply will deprcciate money to
one half or one third OF its present value"
The Frecmaa'S Journal, the Roman Catholic or
gan in this city, copies the following eXtraordina-
ry paragraph from the London Tablet, the Roman
Catholic organ OF Cardinal WiSeman. The para
graph appeared in the latest number of the Tablet
received here, and if it should prove true, will
doubleday create great sensation among the Pro
tcstant churches of this country. Bishop Ives, we
believe, went TO Europe for the benefit of his
health -
The important news has Just reached Us that
the RI Reverend Doctor Ives Protestant Bishop
of North Carolina, in the American Reformed T.
piscopal Church, had abiurcd the heresv of the
Reformation, and submitted to the Catholic Church.
Doctor Ives is now in England and in passing
through London, last week, on his way to Rome,
he had an interview with his Eminencc the Car
dinal Archbishop, who very warmly svmpathiSed
with the new convert in his feelings of thankful
ness for the mercy which had been shown him
As Doctor Ives is married, unfortunately there is
prospect ofhis devoting his energies as priest TO
the service of the church of his adoption.
OLE BULL, StrakoSh, and Patti, all distinguish
ed musicians, recently visited the Utica Insane
ASYLUM and while there sung and PLAYED TO the
inmates. One of them wrote the following, which
was published in the Opal, their Magazine:
OLE BULL. sTRAKoscH AND sIGNoRINA PATTI.
Not with gorgeous colors flying,
On warriors fame relying;
Not with pride OF place and station
Not with selfish cXaltation,
Not with pomp vain fleeing,
Came the guest! we now are greeting.