C 116 3 
of the inhabitants to new pursuits. It is 
now well known, that every produ6Iioii 
estimable amongst us bears a price according 
to the quantum of labour and risk employed 
in producing it. Gold itself is purchased 
by labour in the mines of Mexico and Peru, 
where it frequently happens that the quantum 
produced is not worth the toil of 'obtain- 
ing it. and, on that account, particular mines 
are frequently discontinued to be worked ; 
that is to say, that the quantum of ore 
produced will not pay the interest of the 
capital employed, the risk, and wages for 
-the miners, to enable tliem to purchase food. 
Every calculation bears principally upon the 
price of food for man. Gold and silver, but 
principally gold, is the great desideratum 
which tends to equalize tlie value of real and 
personal property in every part of Europe 
at least. An immense credit, obtained by 
certain names upon paper, in any country, 
may have equal currency with gold, as long 
as the inhabitants believe that the venders 
can, wlien called upon, produce gold for it. 
