The silver from the American mines exported to Europe in 100 years, to 1630, gave an addition to the currency of 5 million dollars annually, besides that used for other purposes, or re-exported; and from 1630 to 1830 from 7-1/2 to 10 millions annually; an increase in the quantity used for currency having taken place, as well as in that exported to India, and employed for purposes of luxury. Humboldt states the whole quantity of gold from the American mines, up to 1803, to be 162 millions of pounds in weight, and of silver 7,178 millions, or 44 of silver to 1 of gold. Again, the total value of gold produced during three centuries to 1848, including that from Russia, has been estimated at $2,825,000,000; and the total annual quantity of gold, before the discovery of the Californian fields, has been reckoned at about $50,000,000. That from California and Australia already amounts yearly to $170,000,000 (or 3-2/5 times as much as previously obtained), and is still increasing; but though far beyond the supply afforded by the discovery of America, the demand made upon it by the modern industry of man, together with the effect of rapid communication, and of the extension of trade, as well as by the great deficiency of gold in the world, will prevent its action being felt in the same way as when the American supply was first obtained; and still less will be the effect now, than it would have been in ancient times, if so large and sudden a discovery had then been made. For, as Chevalier says, "Vast as is the whole amount of gold in the world, it sinks into insignificance when contrasted with the aggregate product of other branches of human industry. If they increase as fast as the gold, little or no alteration will take place in its value; which depends on the relation between it and the annual production of other wealth." According to another calculation, all the gold now in the world is supposed to be equal to about $3,410,000,000; but the whole amount of either of the two precious metals in old times is not easily ascertained, nor can any definite comparison be established between their former and present value. And still less in Egypt, than in Greece and Rome, no standard of calculation being obtainable from the prices of commodities there, or from any other means of determining, the value of gold and silver. [Page Decoration] FOOTNOTES: [21] At this meal, contrary to the usual custom, women were present. [22] According to tradition, many Makedonians were killed by the Persians taking hold of their long beards, and pulling them to the ground. Alexander, in consequence, had his troops shaved during the battle. [Page Decoration] DOMESTIC UTENSILS.