402 , Miscellanies. 
But it is not alone this extraordinary decrease in the supply to- 
which the rise in value of the precious metals is attributable. Be- 
sides this, there has been a great increase in the demand for gold — 
and silver, since 1810, consequent in part upon the augmented con- 
sumption. 
_ The number of gold and silver watches manufactured in France 
was, in 1789, 200,000, and in 1819 had increased to 300,000. At 
_~present it is stated at 400,000. 
In Mr. Huskisson’s speeth of 18th May, 1830, it is stated that the 
duty upon wrought gold and silver had risen in net produce, from 
less than £5,000 in 1824, to upwards of £105,000 in 1828—‘a 
rise more than twenty fold, notwithstanding the greatly diminished 
supply from the mines, and the consequent constantly increasing 
value of the precious metals.” A numerical statement of the actual 
supply and demand of the precious metals for the last nineteen years 
es the following result. The supply for these nineteen years 
sing estimated at 23,980,000 annually, making an aggregate of 
435. ,980,000. . Baking. the metallic currency of the world at 
_ 3,000,000,000 of dollars, and estimating the wear and tear, re- 
coining, and loss by shipwreck, at 2 p- mille, annually, 1 it would in 
nineteen years amount to '$114,000,000 
The increase of the absolute quantity which has: ue 
become ee since 1810, estimating at 6 per 
cent. 180,006,000 
- The chasm in circulation occasioned by witidravliig 
paper money since 1815, and since filled up by 
gold and silver coin, 300,000,000 
~» And finally, the consumption of the precious metals , . 
by artificers, &c. at 30,000,000 dollars annually, 
amounts in nineteen years to ~ 570,000,000 
Total demand since 1819, . 1,164,000,000 
Deduct supply from mines, ~ ie ~ 455,620,000 
ae gE weal 
The elisienic'y appears to have bis 708,380,000 
The total produce from the much. celebrated Ural mines in Rus- 
sian Asia, from 1814 to 1824, has not exceeded, according to Hum- . 
-bolt’s estimate, $17,000,000 i. e. $1,700,000 annually. By the 
most recent accounts from Chili, the yearly produce of the mines is 
"stated to be 190,000 dollars, including, as would seem, silver ag well 
as gold. | 
