A Treatise on Political Economy, Or, the Production, Distribution, and Consumption of Wealth

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1841 edition. Excerpt: ... there had been a constant increase of the quantities obtained; each succeeding decennial period yielding a larger portion than the similar number of years that preceded it; and though they have in some measure been restored, it has been by slow degrees, and they are yet very far from having approached the copious produce which they yielded before their general abruption from European government. After then examining the productiveness of the mines of Mexico, Colombia, including New Grenada, Peru, Buenos Ayres, Chili, and Brazil, in gold and silver, and also after taking notice of the gold found in North and South Carolina and Georgia, from 1824 to 1830, he sums up the whole of the amount of the gold and silver supplied by the late Spanish dominions in America, during the twenty years, from the end of the year 1809 to the end of 1829, thus: --Divisions. Amount in dollars in twenty years. Mexico, 220,043,200 Guatimala, 2,893,710 Colombia, 33,564,267 Peru, 64,688,429 Buenos Ayres, 30,000,000 Chili, 16,618,880 In Europe, he states, likewise, the produce of gold and silver has declined, when the average of the last twenty years is compared with that of the one hundred and ten years which preceded it. The value of the gold produced in Europe, he estimates about 720,000f. and of the silver 530,000/., being together 1,250,000?. annually, or in the period of twenty years from 1810 to 1829, 23 millions; to this the supply from America, 80,736,768?., will make together, 103,736,768 pounds sterling. Mr. Jacobs estimates the diminution in the mass of metallic money, during the twenty years mentioned, at 13 per cent. A Ml Kic An Editor. of fine silver, coined into money, will make exactly 88,797,315 fr. or 16,516,300 dollars. A sum, ...