The Woodville Republican. [volume] (Woodville, Miss.) 1847-1853, 1853-02-01
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OF tribunals, discharges such slaves from
the legal ownership or control of their mas
ter on that account. violates Amei ican pub
tic law aud The true principles Of comfy
that form nm essential part OF American law
and Jurisprudence.
As Courts aud Judges have held differ.
ent doctrines on the subject OF the applica.
ton Of comfy TO slave property. decIara.
tory law ought to he passed ia the State Of
New York, and in all the States of our
Union to enforce National aud lnier.Stsis
comfy the former as now paciised. and
the la,tsr on the foregoing principles And
all the lave violating Inter State comfy IN
our States ought to be repealed.
The principles above stated are elaborate
ly explained aud authorities referred 10, in
a work on Pnblic Law enHtled American
Institutes now ready for the press. wri,-
zen by a lawyer of this State. MARSHALL.
~-S-s>~S~<~e~N~ss-s~>se,s~Nss s,-sNl-4s-~,--
DECLINE IN rHR VALUE OF MoNEY.--A
late number OF the North American Review
contains an article on the increase OF the
precious metals. and the consequent reduc.,
ton in the value Of money. The writer
says:
That from the year 1900 to i5l5 accord.
ing TO Humboldt's tables) the supply of the
precious metals obtained from America was
about s3,000,o 900 a year, From l546 to
1000 the supply averaged $1,000. 600 d
year. The supply was largely increased
from 1850 to 1906, the highest rate estl>
mated at $953O0,00o About the year
1900. the annnal supply was estimated at
Sis. .o37 600, OF which Sl2,64s 600 was
gold, and SIG, $50 900 silver For the ten
succeeding years there was bat little in.
crease iu the supply, and down to the wars
in the spanish American colonies, accord
ing to Jacob, the supply from the American
mines did not exceed $50 100000 year.
In 1914 McCulloch states the supply from
all the void at $50, 600 900, In lS47 this
supply was Increased by the products OF the
Russian mines TO $4,000 .00O. The pros
ducts oil the California aud other mines have
swollen the amount in 1852 TO Sl7e,264,.
900 in gold Si3s ,s3400 aud IN silver
about $50 ,0u0 600 from all the wotld,---
The supply In 1852 Is aboot six tinss
as large as II waa twenty years since. No
reduction in the supply is anticipated fora
number OF years Should there be a
reduction in the products Of tile California
mines. those Of Australia will AZ least make
good any deficiency.
An important difference Appeals 10 the
present increase on that OF former years.
II IL this. the present increase Is 10 gold,
while In former years was nearly all silver
This difference has already produced great
change the relative value OF gold aud
silver. and still greater change - looked
for The Review, ia consideration oi the
matter, thinks il but the exercise OF ordi-
nary caution TO assume that . the annual
sunply of the precious meth's will not fall
below a hundred millions OF dollars Tor nfahy
years, and that in quarter OF a century
this supply will depreciate money TO one
half or one>third its present value.
The general opinion is that tue value OF
money Is reduced in the precise raiio OF
the increase Of the quality There can
be little doubt that the large increase IN the
quantity OF the precious metals will occa-
sion important changes in the value oi mon
ey, but no cause Of alarm IS seen ~ that.
The operation will be very gradual. aud
.nust continue for many years. A decline
in tile value OF money will increase wages,
and the price OF agricultural and mapuiac'
turing products as well as real estate. In
this general and gradual change there wall
he no revnlsion TO produce general distress.
.g.t-y->-., :. ~ -~-~~.-~,. I-s.>Sa.N~>
No ANTAGoNIsM BETwEEN CAPITAL AND
LABOR. The Hon. Edward Everett, in
one Of his speeches at the dinner in Boston.
given to Banng, the celebrated London
Banker argued in his felieitious style that
there could be no antagonism between
Capital and Labor
"The owner OF capital, said Mr.. Everett
in England or America, really reaps the
smallest portion of the advantages which
flow from its possession--he being bul a
kind of head book keeper or chief clerk to
the business community. He may be as
rich as CrEsus, but he eau neither ear,
drink, nor wear more than one mans Por~
ton Mr.. Everett said he remembered
heai ing Jest made about Mr.. Aslor's pro-
perty, which contained, he thought, great
deal OF meaning--a latent, practical phlo>
sophy Some one was asked whether he
would be willing to take care Of all Mr.. {
Astor's property--cight or ten millions OF
for his board aud clothing.
mo" was the Indignant answer, "do you
think me fool.
"Wel," rejoines the other, "that is nj
Mr. Astor himself Qets for taking care OF 1t,
he is found, aud that's all. The houses
the warehouses, the ships, the farms which
be counts by the hundreds, aud is Obliged
10 take care OF, are ior the accommodation
Of others.
Bur then he has the income. tue rents OF
Ill this mighty property, i've or six hundred
housand dollars per annum. @
"Yes." but he eau do nothing with his
income but build more houses aud ware-