Arkansas true Democrat., 1859-06-29
The Supply Cf Gold and Silver.

The continual influx of gold. says the sydney Morning Herald. without a cores bonding proportion Of silver will have ef- iects upon all the relation Of commercial life. And, as England and France are the countries of Europe which will be most considerably affected the colonies of those countries will have their share in the revo- luton which will necessarily take place.- Oscillations will probably indicate the com ing change; the market to-day becomino. high, tomorrow low, and thus. perbaps, there Wli be no sudden interruptions of the daily exchanges m commerce and industry, but it will be otherwise with the interests of capitalists The value of rents will de- crease with the increase of wages and the price of commodities, and if we take the change at fifty per cent. these luxuries will suffer an additional tax of at least one-third of their former cost. Government officials must suffer in the same proportion. Capi- tallsts will find that they will not lend for long periods at So great profit On the other hand, the tenant will be able to ob- tam the means of more easily paying his rent. Artists, work-people, physicians, | teachers, and law-folk, will find that their services will he better remunerated. The proprletoi of an estate will be able to pay hlS creditors by the sale ofa smaller amount ot produce than is now required to liquidate a fixed debt And if house rent rise, of course the owner will be able to pay his debts more easily, whilst the land or the house owner who iS out of debt, and lives on his rents, will be in kind of neutral position, because he is affected bv all others who huy and sell. He may sell his pro- duce, or let hls house at higher profit, but he wlil have to pay more for what he buvs The fall oi the rate of interest. one of the inevitable consequences of the great increase oi the precious metals, will, without doubt larlltate all private enterprises; but capi- tallStS will De doutIy affected hv the lower ing oi income and the depreciation of val ueS winch those incomes represent.
 AS to States, the increased pay of their servants will diminish their revenue, and many necessary works must be abandoned, unless new systems of taxation be introduc- ed. On the other hand, this presumed de- preclati0n of monetary values, will tighten the payment of snatIonal debts; because less amount willrequire to be deducted from the national labor
 Respecting the relative abundance of the metals, it may be said, that in ancient times, the relationship of gold and silver was as one to twelve. In Greece, after the work ing of the mines in Thrace, it was reduced one to ten. Under Valentinianus, at Rome, it was one to about fourteen and a half- After the conquest of Sicio, the proportion was as one to seventeen. When Caesar brought to Italy the plunder of the Gauls, gold immediately became depreciated in the proportion of nine to one. According to Lord Liverpool, the relationship was al tered to as much as one to seven and half After the discovery of the Potosi mines. | gold obtained over silver value of four | teen to fifteen times as great At the com mencement of this century it was about if l teen and half. Up to the time of the