Considerations on the Currency and Banking System of the United States (Classic Reprint)

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Excerpt from Considerations on the Currency and Banking System of the United StatesAs the total importation of precious metals from America to Europe had not, prior to the year 1596, exceeded 3 quantity equal to that contained in eight hundred millions of dollars, and the depreciation was then already at the rate of about 3§ to 1, it is probable that the total amount of gold and silver existing in Europe prior to the discovery of America, though Worth then four times as much, did not in quantity exceed that contained in three hundred millions Of dollars, moneyr of the present times.The total amount of gold and silver produced By the mined of America, to the year 1803, inclusively, and remaining therei or exported to Europe, has been estimated by Humboldt at about five thousand six hundred millions of dollars, and the product of the years 1804 - 1830, may be estimated at seven hundred and fifty millions. If to this we add orie hundred mil: lions, the nearly ascertained product to this. Time of the mines of Siberia, about four hundred and fifty millions for the African gold dust, and for the product of the mines of Europe, (which yielded about three millions a year in the beginning of this cen ury, ) from the discovery of America to this day, and three'About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.