The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-29

This preternatural activity OF the Preach mint
was in 1850 and>ls5l, due to political causes. and
consisted merely of the recoinsgc Of her own cur
rency, In order TO obliterate its antccedent and
offensive political ef6gies, as every traveller who
was much in France at that period must have re-
marked. The alleged coinage of 1853 In this table
is Seton. The normal coinage Of the year could
not possibly have exceeded t26. 900 900, and
$50 900 600 of the sum allotted to II should be
divided amongst the three ensuing years; for it
was not until August. 1854, that the auriferous
food gates Of Africa were opened and first poured
their deluge into the treasury Of France. The year
1862, moreover, was the period when the mnts Of
the United States and Of England (aad .fo,to'i Of
France) FIRST felt the combined influx from the
great Eastern and Western gold fields, and Il
France got but part of their gold before that
date she certainly did not get it all afterwards.
Yet we find her in 1854 coming. ostensibly. from
these sources S2s SIS 200 francs Of gold, a sum
actually surprising the gross product Of both.
But as the minis Of the United States and England
still went on at their previous rates must abso
utely resort to some new source Of supply for a
solution OF this inundatou. In no other coun.
tries" says Mr.. Chevalier, does the coinage Of
gold attain these proportions, OF anyth thing Ike
them And as the total mass o! gold in existence,
derived from all-sources, up to lsis, Is estimated
at 500, 900 900, he shows that At present rates
France alone, In ten years, viii supply In gold
coin one-haf OF that amount which IL the aggregate
supply Of the New World up to the development, OF
California Ctevolier on God, ". H., &C., 1859,
Pq. IS. DC.
To state the mpossibIe fea;s OF the French mint
In still clearer light II viii appear from the sta
tstcal returns that the average annual product Of
gold from 1854 TO 1857. both inclusive. was as fol-
lows
From Australia .loe 27s
From Calaoraa .....................".. <'-2&o&s2
Con,oiEiiy sea .3sf tbs
AL other s5crecs, eSrcr, aussa u $50 go
Aversgc goi conass France sse psriod sio3 p02
Iassm8ci as Hussia retains a. her own gold abe
i excluded from ihis computation, and according
ly, there has no; since lsis been forsyfold ex-
psnsion Ct the commerce Of France (Which alone
would comPor. with the achievements Of her mins).
tho conclusion Is irresistible TIA, new and inde6.
mite supply q gold has been opened 70 her In the
nature Ct government monopoly. In evidence Of
this WI be observed that the report Of NJ Magnc,
Minister CT the French Finance, in the Monisep
Of January -. 1880, not only says chat in nine
months oaly Of ls5s the imports Of gold exceeded
The exports BY SO 900 900 francs but that he has
otherwise been rioting In an af1uence almost fsbu.
lous for is magnitude. For instance, be suddenly
has ls7 coo 600 francs in the government chest,
zoo 90 900 IN the treasury, 10000 90 IN the dota
ton 70 the sinking fund, reserve or sei 900 900 in
he Rank Ct France, and, Ia superaddtica to all
this, has paid the vas. expenses a two war, liqu
dated lao 900 900 treasury bonds, ani (uader
threats Of iis psymeet) diminished the interest on
hundreds Ct millions q the national debt from four
TO two and bali per cent! Moreover we behold
tts, offcer, in country with mortyayed resources
sad colossal debts, which has been wsding through
revolutions fer three quarters Of a centGry sitting
down 70 calculate the rates of the approach
iog fal in he value Of gold, and to de.
mand Ct economists how much Of Il the several
nations q the earth can possibly accept before
they reach the point Of "satnrauon.r Eyen the
most oltrse observer mus, have noticed that
amidst the financial convulsions Of 1857. which
slook the four quarters OF the world. the Bank a
France alone stood IS firmly As pyramid. Tbs
vas not tie result either Of COMPUTATIONS or q com
morce. Iswas the simple consequence q ihc me.
mortal of Mr.. Parrish, who, Notwithstanding the
Q-ea. benefits be has thus conferred On France LIS
not yet received any requltsl a. the LANDS Of ne
emperor. whether this has been dae 70 political
necessities arising through temporary fear Of
foreign Intervention, AMI debating e France the
rytf I'D 8, secre.y IA Ls proses Ak.1 C. het par.