The Feliciana Democrat., 1858-09-18
Tbe feIitiana 9smotrat.
INCREASE IN THE SUPPLY OF GOLD.

INChUAO I'm IL Of bOlID.
The increase of the supply OF gold since It's dscov-
cry In California and Australia is unexamplcd in the
history of the world and IL becomes matter of deep
interest to the business world to inquire what is to be
the final result, what effect Is TO be produced on com
mcrcc, trade, prices and relation Of debtor and cred
tor The quantity of the precious metals in crcnIa-
ton i'm the civilized world has hitherto been the meas
urc of the nominal value Of every thing, as well a'
the medium of exchange between nations. cominnhi
ties aud individuals The difficulty with which silver
and gold have hitherto been produced has kept pr
ccs steady In ancient times the places where ihesc
commodities were obtained were remote rom the great
centres of wealth and commerce. The lbcnlcans re-
sorted 10 Spnn ut the other extremity o the Medilcr
rancan and opened those gold and silver mines, which
furnish medium Of exchange for the wealth that du
were worked in after ages by The Romans Solomon, 10
sing his reign found its way toJcrdsalcm. scntronnd
his vessels through the Rcd Sea TO the southeastern
coast OF Africa. Durihg the whole existence OF the
Roman republic and empire, there was drainjust as
there IL now, of the precious metals into the East
There was the same fondncss among The Roman ladies
for silks there Is now among the ladr. oi Europ.
and America aud gold and silver continually found
its way into India and China 10 pay for that costly
luxury And the real purpose Of the expedition OF
Crassus, the great Roman millionaire, into Parhia
which ended so dsgraccfuy to the republic, and ~
c,a,,, n ,;msc,r ,yos ~ find u,c Irccnnocluo
i, ,,,e go,l that di.a,pcarel IN M rnalou thu VI
sinc sun. The SUNNY from Spairaud Aitir., AID mol
conn,o,,,nncc thn wcor and lns4 NJ t,r EoIn,n ,tu
,,. ,,a ,hi. drain ii Iudi, opd 5od tIytr thru
I'm. ,yo ~ thr.c i,ne. NJ ynlunhln a. Nh, nrc nnyy
gradually diminished III Tie cmpro ,crgrd toward Id.
fl II thc middle ,qry MI. deficiency wng NJ Iittlt
o,,..,,,o,c, al /, ANAL. L,Lnrou. ,l,pos thc cpn
marco nr ,he world ~ ,nniIntal ond t,cre vo. III
Il. j. ~ ~, ca, M nr,cinus ,nrtnl.
,mo., co,en,or,ncoi,. vit, M. r.yiyul orlcarr,
, AMI H., ,cs,nrn,tou oc ci,ilt,n,fouiu N Eurpna Nm
,ne a;scoy.ry or ,e western t,on,tnon, viii, l,c n,a
,,,ic ,roosure. or u.xieo and sou,h Amcrica. Ctyl
iz,tion and tbo .e Of money go together and the cx
nansion Of commerce on every side which took pluc.
in the fifteenth century. f,nnd IL necessary ms,ru
ment Ia the GOLD and silver which poured 10 lov'
from the Western world. This ahuudmcr ia ono
thing. undoubtedly, to quicken m Industry und ac
celcraie the progress of h yarou. nations otthr OH
Wocd Such was the abundance, however suddenly
discovered that thn value Of the prac'on, n"ml. wa
acnsihly diminished. ~ y hapH iN' "od h"ar
Ing regions of Mexico aud soath Amrca fIi nHdo
the dominion o. Spain. Thr -paaAd hRSr 0y,
been remarkable chrr rur iud0-ty w enterprise
aud tho gold regions they have acquired lny uuGt
III. burning ray ~ i tropical -ua Ilc.", thon-l
The mines w.frtieh. r.rlap. NcN9u.iih tlru wn
uo o4cr production Of tha pruciau m.tpl-. II rael
nrr.i,n. 10 ISIS. thpha.iao. .or rthrruauntcal wpl
had oatcroWn tha mctaljc currency Iywhi,h 90 wa
represented. Resort Ma. had. us ha wealth. og d.
world increased. 10 paper money Ly uiruu- or lnl,
to u most dangerous aud cytrayu CAN'T ry'out. NH
had not the gold OF California and Australia comr t
liga iust as it did il l. difficult to ,ay haw lIr con
moditc. Of civilized nation. could bye continued 4