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Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.), Book VII:—politics. (search)
opped importations, as the receipts of that branch of the revenue showed, the balance of trade had been regulated by the importation of specie to the amount of forty million eight hundred and forty-eight thousand one hundred and eighty dollars; moreover, the mines this year, having furnished nothing for exportation, had thrown thirty-four million three hundred and seventy-nine thousand five hundred and forty-seven dollars into circulation, and the coin which was already afloat on the 1st of January, 1861, represented a sum of fifty-two million two hundred and eighty-two thousand four hundred and twenty-one dollars, the total amount of specie on the 31st of December figuring up to one hundred and twenty-seven million five hundred and ten thousand one hundred and forty-eight dollars; Secretary Chase says there was no way of ascertaining with certainty the amount of specie in circulation, but gives the estimate of the director of the Mint—between two hundred and seventy-five and three