Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1865-12-09
what Beoo!il. ,es Of tie Specie.


East. bus ne never hear Of its returning. This
has been 80 ever since history BEGAN, I'D I'D IL ..o
5,,,stant5 tide OF metal that is over acting in.
that direction, aud what becomes Of it, has
puzzled more sayGns than one
The enormous absorption OF silversby the
Eastern States Of the world is one of the most
remarkable facts in the history of the precious
metals. From the earliest historic times the
East has taken little else but silver for its
Commodities. In, the time of Pliny, the OK
portation of precious metals from.the West
was set down at from $4O0 900 to $500, 900 a
year. The Romans had their chief entrepot
for the East in tho Island of Teprobens,. now
called Ceylon; and they carriedon considera-
bic commerce with the indians, Persians aud
Philippians. The shawls and stuts of the
East found their way to, Europe long before
the time of the Crusades. The Arabs carried
on large and regular srade in these and 9th
or Atlantic productions, till the discovery Of
the Cape of Good Hope diverted the course of
commerce. The establishment Of the over
land route has operated to some extent ia the
other direction; but however and by whom
the trade has been carried on, the flow of sill
yer has been generallyfrom the West toward
the East. Humboldt calculated that in the
year 1900, the amount of silver sent Eastward
annually was between 25,000,000 and $780,,
100000. Between 1880 and 1853, the largeS
amount of Sycie silver received from China,
and the export of great quantities of English
goods to India, disturbed tho flow of silver
Eastward, which has, however since set in
with more determination thaneve In 1854,
the balance in favor of the East was about
s3O,O00,00J. The expectation Of the pre-
cious metals from Great Britaip,alone, during
the seven years ending with 1858, was more
than $25, 900, 900 per annum, Of which all but
one-cigth part was in silver. At the present
time, the balance of the imports and exports
Of gold and silver in favor of the East is cal
culated at from 100000, ,000to SO,00O,0O0
per annuln, or more than the total yield of all
the silver mines in the world The enormous
production of gold in Australia and California
has heretofore enabled the Westsrn nations to
part with their silver without great inconveni-.
ence, but the present rate Of export of the
latter seems to demand some new arrangement,
if any be practicable Nearly"all Orientals
are given to boarding. It is believed, says
NJ. Mitlaume, the French economist, that the
Egyptians hide away nearly 100000 900 an
nually. The Emperors of Morocco hold it a
point of honor to fill as, many chambers as pos
sibe with gold and silver. The present .Em-
peror is said to have filed seventeen, and to
have another in course of being Elled. Mo-
rocco never parts with the money it receives 5,
and it is said, on the part of respectable wit
nesscs, that more than $350,000,0 1000 are hoard
ed away in that country, and that the Empe-
rors treasure is of the value of at least $780,.
600, 0,000.-L Louisville Journal
IMMIGRATION TO THE SOUTH The New
York /" Herald, of the 15h, says: We see
that among the imlnigrantA arriving here
considerable number are bHund directly for
the Southern States. Thefe arc parties whose
destinations were fixed before they left Eu-'
rope, aud who do not include the immigrants
who came here without any settled plans, and
who we're subsequently, Influenced to proceed
in the same direction. The fact is signifi-
cant one, and is full of promise for the South:
1t is we'll known that but few immigrants arx
rivehere without bringing some little capital
with them, and no doubt most of those who
started with the idea Of settling in the restored
States are provided with larger sums than
usual At the South the amounts which they
bring will, in gold, purch 80 ten times the
land which they ooula buy at the North for
the same money. Thus Go shall have intro
duced at once into the Southefn States an ag-
ricultural element thut will replace negro Ia
Dor, and that by its introduction of capital
will also replace all that has been lost bv the