Publisher's Synopsis
Excerpt from Hunt's Merchants' Magazine and Commercial Review, Vol. 24: From January to June, Inclusive, 1851
Two of the consequences of the immense products of California gold mines, which I ventured to suggest in the July number of the Merchants' Magazine, have already began to manifest themselves. One is the increase of the cur reney from the increased ability of the banks to enlarge their loans and discounts; and the other is an alteration in the relative value of gold and silver, or, in other words, a depreciation of gold.
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