Remarks on the production of the precious metals: and on the demonetization of gold in several countries in Europe — John Shaqi
Remarks on the production of the precious metals: and on the demonetization of gold in several countries in EuropeFaucher, Léon
History
Remarks on the production of the precious metals: and on the demonetization of gold in several countries in Europe
Faucher, Léon
Bimetallism; Precious metals; Precious metals -- Europe
In Australia, on the contrary, and long before the consequences of the
discoveries could be appreciated in Europe, the working of the mines
was of itself a revolution. The first washings occurred in May, 1851;
at that time the English colonists in that part of the world were in a
flourishing position. The population of European origin did not exceed
400,000 in the whole Australian group of islands. New South Wales, in
which division Victoria was included, recently elevated into a separate
colony, numbered more than two-thirds of this total, and formed the
chief seat of its industry and wealth. The inhabitants, principally
the descendants of convicts of the last century, obtained, in 1850, a
representative form of government, and now make their own laws. They
have upwards of fifty-one newspapers, and they have also public schools
and banks. Their principal harbours are on a large scale, and the
inter-communication by steam-boats and roads excellent. Their principal
cities are Sydney, with its 50,000; and Melbourne, with its 35,000
inhabitants, which are lighted with gas, and have an organized police,
as in London.
The luxury of living and of dress defies comparison, and affords large
profits to tradesmen; they have already begun to make two railroads.
Australia has its commercial fleet, which entered into competition
for the supply of flour to California in 1850. The trade with England
is of twice the magnitude to that which existed between England and
her American colonies at the time of their separation. The colonial
revenue, exclusive of the sale of the Crown lands, which forms the
foundation of the emigration fund, nearly amounts to £1,000,000
sterling, per annum.
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