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emigrate, and especially upon the minds of those actually in the
mineral region, by the announcement of this astounding discovery of Von
Kempelen? a discovery which declares, in so many words, that beyond its
intrinsic worth for manufacturing purposes (whatever that worth may be),
gold now is, or at least soon will be (for it cannot be supposed that
Von Kempelen can long retain his secret), of no greater value than
lead, and of far inferior value to silver. It is, indeed, exceedingly
difficult to speculate prospectively upon the consequences of the
discovery, but one thing may be positively maintained--that the
announcement of the discovery six months ago would have had material
influence in regard to the settlement of California.
In Europe, as yet, the most noticeable results have been a rise of two
hundred per cent. in the price of lead, and nearly twenty-five per cent.
that of silver.
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