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          <date type="publication">1839</date>
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                <p><hi rendition="#i">Humboldt on the Precious Metals.</hi>&#x2014;In a tract upon the<lb/>fluctuations in the production of gold, recently put forth by<lb/>M. Von Humboldt, the following facts are given:&#x2014;&#x201C;We<lb/>learn from the acute researches of Boekh, how, on the opening<lb/>of the East by the Persian wars, and by the expedition of the<lb/>great Macedonian to India, gold gradualy accumulated in<lb/>European Greece, so that in the time of Demosthenes, for<lb/>example, the precious metals had sunk to a fifth of the value<lb/>which they had in the days of Solon. The stream then ran<lb/>from east to west, and so copious was the influx of gold, that<lb/>its relative value to silver, which in the time of Herodotus,<lb/>was as 13 to 1, was at the death of Alexander, only as 10 to 1.<lb/>The less universal were the communications of trade in the<lb/>ancient world, the greater and more sudden must have been<lb/>the alterations in the relative value of gold and silver. Thus,<lb/>in consequence of local accumulations of the precious metals,<lb/>we find  that in Rome, just after the conquest of Syracuse,<lb/>gold was to silver as 17 1-7 to 1; whereas, under Julius<lb/>C&#x00E6;sar, its relative value was, for some time, but as 8 1-&#x00BE; to 1.<lb/>The less the quantity of the precious metals actually existing<lb/>in a country, the more easily can a sudden influx of them<lb/>occasion these excessive variations of their value. The<lb/>civilized world is at present assured of stability in the value<lb/>of the precious metals, by the extent and rapidity of the<lb/>commerce which establishes their equilibrium, and by the<lb/>great quantities of gold and silver already collected. After<lb/>the revolution in Spanish America, the annual production of<lb/>the precious metals fell, for some years, to one-third of its<lb/>former amount, yet the oscillations of their relative value,<lb/>during that period, were slight, and hardly ascribable to the<lb/>decreased production.&#x201D; The writer further states that the<lb/>mass of the precious metals brought to Europe from the<lb/>discovery of America till the outbreak of the Mexican<lb/>revolution, was 10,400,000 Castilian marks of gold, (worth<lb/>about three hundred millions sterling,) and 533,700,000 marks<lb/>of silver; together worth 5,940 millions of piastres. The silver<lb/>taken from the American mines in the above-mentioned<lb/>period would be, when refined, sufficient to form a ball, or<lb/>solid globe, of pure silver, eighty-nine feet in diameter. The<lb/>produce of the Russian gold mines in 1837 was valued at<lb/>800,000&#x00A3;. In the United States, the production of gold<lb/>increased, from 1824 to 1834&#x2014;from the value of 5,000 to that<lb/>of 898,000 dollars; since that time it has considerably declined.<lb/>The gold was found chiefly in North Carolina and Georgia.<lb/>The amount of the precious metals drawn from the mines of<lb/>Siberia and of the United States are inconsiderable in com-<lb/>parison with that from the mines of Mexico and Peru; yet<lb/>they are sufficient to disprove the supposition formerly enter-<lb/>tained, that large deposits were confined to tropical countries.</p>
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