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
The position is certainly critical; with any other people than those
of Anglo-Saxon race, it might be desperate: a few months more delay,
and the wool shearing will be lost; for the flocks, no longer watched,
will have strayed away, and possibly will have perished. It was the
work of a quarter of a century to have accumulated the capital employed
in Agriculture in Australia; without an immense immigration, not of
gold seekers, but of shepherds, and persons accustomed to a pastoral
life, before the end of 1852 all this capital will be inevitably
destroyed. England has awakened rather late to the danger, but she
has now to work in good earnest to apply the remedy. The Governor of
Australia witnessed the daily arrivals of emigrants with alarm, so
long as they added only to the crowds of miners, and who by their
competition still further increased the price of provisions; he even
pressed the Colonial Secretary to try and turn the stream of emigration
to other colonies. But independent of Government emigration, voluntary
associations for the same object have not been inactive. Liverpool
alone has been shipping at the rate of 2,000 a month for Sydney or
Melbourne. Ships are wanting in all the ports of Great Britain and
Ireland, for the transport of emigrants. Shipbuilding yards are all in
the greatest state of active employment.
Nor has this want of an agricultural population in Australia been
overlooked. The islands to the north and west and the Highlands of
Scotland, contain a population far too numerous for their means of
adequate support, so that in spite of hard and constant work, there
is frequent mortality from famine in this poor and barren country.
Twenty or thirty thousand of these labourers, engaged for agricultural
occupations in Van Dieman’s Land, and for sheep tending in New South
Wales, would cease to be a burthen on English charity, and would avert
the ruin of Australia. Subscription lists are opened in England for
this object, and the colony itself is in a position to lend its aid, as
Sir John Packington informed Sir G. Fitzroy that the government would
place at the disposal of the local legislature the revenues which might
accrue from the workings of these gold regions. At this time the port
of London contains a fleet of vessels ready to sail for Australia,
capable of conveying 23,000 persons and 30,000 tons of merchandize.
It is clear, that by abandoning all the rights of the Crown to the
treasures of the “placers,” the British Government has saved Australia.
By this arrangement, the Colonial revenues have been almost doubled;
30s. a month levied on 60,000 miners, working eight months in the year,
would produce [120]18,000,000 francs. A tax of 60s. which was attempted
to be established, but which the miners resisted, might have produced
[121]36,000,000 francs. In default of English labourers, the expenses
of whose voyage must necessarily be great, and whose willingness to
Public-domain text, read in full here on John Shaqi.
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