Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1858-10-09

business and monetary world III account oi
an impending scarcity of SILVER in our cir
culatinc medium sufficient for the smaller
exchanges of comm =rce The dram to Chi
ma to pay fer teas aud other goods f'r which
ouly silver would be received in exchange,
wss chief reas n assigned by the alarmists
for their apprehenscns.
But Whatever the cause that metal Ger
ta;nly almost disappeared rom circulation
the premium which it commanded in New
York city accelerating its being entirely drain
ed from the lesser circles of commerce inte-
rior, INTO that great vortex.
So extreme was the dearth of silver over
the country that for the first lime in the his
OF the several Indian tribes w,re in 1851
chiefly paid in gold, as they have been ever
since. In the spring Of that year we were at
Il, Winnebago Agency on Long Prairie, and
t. an Indian Tribe and W, II We remember
the difficulty the [. :. Agent and the inter
p.,tes had in making the Indians compre hend
tie teietive value Of the gold which the,
sry.d U.,- mIa,vd vi h The whit,
A4it .ia-S ;h-, Ind b en Accustomed to.
IL ..,.w t.e ..rileti.n the country wa
~ erie c'n- 80 the abstraction of its Ill
..t.r .r.4.c, doctors '-l,n 20 / Cd, around
....'. % Fem Is. + al s -nl far
r.o.t. Ny, .a, exp. d rnt Su.-
-4t ..au ..n3 . Do. fhe precious " hde
..su .-.,5, r..a q IN pur rncnlatlor.
,.>.r nr.t.i. 'lp'n~r,.s i"i> sae:.,s
t.s4 az .c ar.t " adrt.d hl Congress
.l '.-.. alsw a,l'cl III effect constituted
- ,e. .-.,- ., s:.v,t TO br u dollar III value,
i,. ut~ before reqoired.
Du. result + ne change was Immediately
-,,a. >:vor r"in ceased to e shipped from
-.c J.i.e-i ,>tsiss; and INST, al, We paid 9th
.r ua:r,S = IL or goods for 20 much silver
-, 8 ni,d 30 use for our purchases in
talna ar; tie lad &.
But utioic tie measures OF etlr!ation lad
-Jle al; : .Dro 90. ration. and had their ol-
i,c-. tht -.,;' lui& e our silver hal lett Us !;
4.. f.'r. ..- So. ri ar>, here has been
... ..l.,.:.i u.,. IN circulation.
- 'c,.. n he Uuld pf civilization, &c
....- 3-p:o.iol Of -iive, na> also gone or 10
-. 'or's'.a- r4t,ut Frrnc, country in
,..,. t-.s.. a,it> Of s.:1e: coinage uttered
.-.--- : ae ula.a int sertous y.
t-,.-.= ,...- I7I5 and 1918 thc,e VAS
....-.' =, t.,.t e.,. ut - .0o 900 aoila,, Of
'~er ael.,. i'ui ~ I'll rlnl of &c rs
.,ta-5.apn iiais rere expntei stili law.
l.l2j.u,0 more in tn ceIa'rg IN iS4S
'n ."t Bus about tbs time, i heavy
~ t. -frsr ban % lie slio.eG 10 = a,
II 20 - IS, lie r.g str0u, sum #
$40 ernpU0 T. sily,r la.. zap nitD1.a4n
Il III II. c.rlhsed rid. mo tl} from Frame
az exported 70 India and China.
But while history and statistics exhibit
these facts, they are also besiufiIg to eXaihil
another SET If facts which ind:cates a revnl-
-:on in the silver tide back upon Europe and
America. The scarcity of silver and the TX
ces>.e demand for it has stimulated its great
er prraucrion. The silver MINES throughout
he worl', worked with fresh energy, began
enormously to increase their yield. To tn.
working C many of the richest silver mines
n the Mexic@M States previously almost sus
pended from the scarcity and dearness OF the
refining menstruum of quicksilver, renewed
activity was given by the discovery and ex
tensire production of this subtle metal in
California. In 1854, tie exports of quick
silver from San Francisco was S95,33 in
value in 1855 it reached to $500 ll9; in
1876 TO Ss3I,724 and in 1857 to $500, $50
Tie increased yield of saoer in the years
mentioned NAV b. Inferred from the ratio Of
increase of this necessary element in its pro
duction.
In truth, there is reason to believe that the
Increase in SILVER is going on in The world
Il A. rapi j, a. gold. Ten he A,.aic
a.an upon our >i':er xiii nov be s'oppvd b,
ih.. 70, = treat, pi com cree int mad. 10y the
Er,".ra nalons ~i:hth Emperor OF CHM,
.'-9. - IA 'ht lrp ac.> aad manutac
t.~ J.. ".. A.nr sea VIII IN Isl pr. b.
tta t- lay sor waatrvce ot tbiucsr
ul ....iita us sc need MS cad
ft- h-r" -'iVt i'"'n n a. before
-i 'f'>c'n .'' We @ili have oar s'.p
d. 'e .ro-a,rd f. m III" mne~; " les
''-I IA .Gf'rtai 'net = lr'''n q s.a; a"d tfeh
H. i"d '.io' c"'"o;'S' aipr' GATES us W lue
2" "a 1.'!. at M %! vt IS ever ship
rr s.,.. c.a'n'erhalance the constant
-. ! .;.,
-''' .' y ''''"'e'' N"ue VIC nave oo'
.-' i.. a " >'''i 'i''iiar, makes 1 great
,r. i NY IKE water. ylll lex AS level
,v...c,..r = .,.., ,-..,.,nt IF ,,.lo q. s;lver N