Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-05-30
where tho pr.el.s. Metal. Go.
rrrom IN. CHICAGO yo.r.ai q counsros

Irrsm the Chicago Josrnal q commsrcs.l
Where do the precious metals 60 to-
two hundred and nineteen millions Of
dollars Of which are annually produced
Ii . question easily asked. and one that
10 easily answered. ""Tis the cline Of
the East, the land Of the sun"-that
parallslogram Of the earth surface in
c.udsd between the Red sea. the Hima-
laya mountains, the China sea and the
Indian ocean, inhabited by moro than
one.half Of the human race, and among
whom paper money 10 unknovn-which
10 absorbing. and has absorbed for CEN
turiss. Q large amount Of the precious
metals. Rome, before the Christian
Era. imported carpets from Babylon.
spices from Ceylon, silk T. pound Of
which was equal to q pound OF gold)
from Egypt. and precious stones and
sromatics from India. The balance Of
trade due to the East from the mistress
Of the world. In the time Of Augustus,
was four millions Of dollars annually
sum which must be regarded - enor-
nous. taking into view that at that time
the relative value OF silver 10 gold was
nine to one; that the wages OF labor and
the prices Of commodities were much
lower than in our time; and that Eng.
land and France we're Roman provinces
and inhabited by savage races, Who
dwrlt in huts and painted their bodies,
a. our North American Indians did
seventeen centuries later. whom the
Puritans landed at Plymouth and the
Cavaliers at jamestown; whom Germany
was q land Of forests, with . climate -
cold a. Canada in our time; and whom
Russia vas . land OF boys and morasses,
with its surface very little raised above
the Mediterranean.
In OUT time. oil the countrirs In Eu-
rope, a. well a. the United States. are
large consumers OF tea, coffee. sugar.
spices, silk. hides. tin. ~dys-stuffs and
other products Of the East, which have
to DO paid for largely In gold and silver.
The imports Of the United States from
countries beyond the Cape Of Good
Hope amount to sixty millions Of dol
lars annually. while the exports TO the
Orient amount 10 but twenty.four mill
lions. Great Britain aud the other
countries Of Europe import annually one
hundred and siIty millions Of dollars.
more than they export to the same
quarter. The exports Of gold and silver
from the United States, during the last
twsnty-eight years, amount TO fourteen
hundred millions Of dollars, . sum
greater than the amount Of the precious
metals in existence two centuries ago.
The Arabiaps, Persians, Hindoos, Chi.
nese and japanese consume but little Of
the products OF the Occidsnt, while the
products Of the Orient are In great de-
mand by the people Of Europe and
America. A French writer states that
the Egyptians conceal twenty millions
Of dollars annually Of the precious metals
and the Emperor Of Morocco has allied
large chambers with gold and
silver. The passion for boarding 10
shared by the subjects OF these princes.
Silver puipits and sacred ornaments Of
gold are very common In churches. tam
pies, pagodas and tombs throughout
The eastern hemisphere.
The solution Of the problem Of the
iisappearanss OF the precious metals
from the countries where II 10 produced, |
10, that the Orient b the reservoir into
which dows the gold and silver Of the
0ccident, arsservoir from which thsrs
no refux. II 10 with precious metals
- II 10 with svsstmssts-ws cannot
have our cake and eat Il too!