n article of merchandise has
reached a high rate during the present year, it will be seen, on
reference to the reliable tables in the History of the Bank of England,
that a great difference occurred during the suspension of the bank in
1797 to 1819. Gold at one time (1812) reached L5 8_s._, a difference of
30 per cent. The annexed table shows the changes from 1809 to 1821.

YEARS |Price of |Difference| Nominal |Amount in
|Gold. |from Mint | Taxes. |Gold
| |prices. | |Currency.
------------------------|------------|----------|----------|----------
| L s. d. |per cent. | L | L
| | | |
1809, | 4 9 10 | 16-1/3 |71,887,000|60,145,000
1810, | 4 5 0 | 9-1/10 |74,815,000|68,106,000
1811, | 4 17 1 | 24-1/2 |73,621,000|55,583,000
1812, | 5 1 4 | 30 |73,707,000|51,595,000
Sept. to Dec. 1812, | 5 8 0 | 38-1/2 | ... | ...
1813, | 5 6 2 | 36-1/10 |81,745,000|52,236,000
Nov. 1812, to Mch. 1813 | 5 10 0 | 41 | ... | ...
1814, | 5 1 8 | 30-1/3 |83,726,000|58,333,000
1815, | 4 12 9 | 18-8/9 |88,394,000|66,698,000
1816, | 4 0 0 | 2-1/2 |78,909,000|72,062,000
Oct. to Dec. 1816 | 3 18 6 | under 1 | ... | ...
1817, | 4 0 0 | 2-1/2 |58,757,000|57,259,000
1818, | 4 1 5 | 5 |59,391,000|56,025,000
1819, 4th Feb. | 4 3 0 | 6-1/3 |58,288,000|54,597,000
1820, | 3 17 10-1/2| par. |59,812,000|59,812,000
1821, | 3 17 10-1/2| par. |61,000,000|61,000,000

The increased volume of Government and bank paper afloat in the United
States since the 1st January, 1862, is conceded to be only temporary.
The Government is engaged in crushing the greatest rebellion known to
history; in doing this, the national expenditures are six or seven fold
what they ever were before, in a time of peace. During the four years
1813 to 1816, when war raged with England, the whole expenses of the
Government were $108,537,000. During the Mexican war, when the
disbursements of the treasury were much heavier, the average annual
expe