Of the effect he remarks:-"On a full view of the subject, we are inclined to the belief that there will be no very great decline in the value of the precious metals. The causes to which we have alluded will tend to counteract that downward tendency in the value of gold, which would otherwise result from the vast increase. But after making all reasonable allowance for the increased demand, the addition of $100,000,000 to the precious metals can hardly fail to produce some effect upon their exchangeable value. As gold and silver are a lawful tender in the commercial world, and as the law fixes their value, that value must remain; that is to say, a dollar will remain a dollar, an eagle an eagle, a franc a franc, and a sovereign a sovereign. But though these coins retain the same nominal value, their exchangeable value may be reduced by the rise in the price of articles which they will purchase. Thus, if a quantity of goods or provisions, which can now be purchased for $100, should rise to $110, in consequence of the abundance of gold, this must be substantially the same in effect as though the gold had depreciated ten per ccnt."

REDEMPTION OF THE PUBLIC DEBT OF THE UNITED STATES.

With a view of reducing the public debt, the Secretary of the U. S. Treasury bas issued the following notice, which, if it brings forward the stocks to the amount indicated, may affect the money market to some extent favorably :

TREASURY DEPARTMENT. July 30, 1853. Notice is hereby given to the holders of the six per cent stock of the United States, of the loan authorized by the act of 28th January, 1847, and redeemable the 31st of December, 1867, and of the loan authorized by the act of 31st March, 1848, and redeemable 30th June, 1868, that this Department is prepared to purchase, at any time between the date hereof and the 1st day of December next, to the extent of the sum of five millions of dollars of the said stocks, in the manner and on the terms hereinafter mentioned, to wit:

In case of any contingent competition, within the amount stated, preference will be given in the order of time in which the said stocks may be offered. The certificates, duly assigned to the United States, must be transmitted to this Department; upon the receipt whereof a price will be paid, compounded of the following particulars: 1. The par value or amount specified in each certificate.

2. A premium on said amount of twenty-one per cent.

3. Interest on the par of the certificate from the 1st of July, 1853, to the date of receipt and settlement at the Treasury, with the allowance (for the money to reach the owner) of one day's interest in addition.

Payments for said stocks will be made in drafts of the Treasurer of the United States, on the Assistant Treasurer, at Boston, New York, or Philadelphia, as parties may indicate.

America
Australia.
Europe
Asia..

JAMES GUTHRIE,
Secretary of the Treasury.

PRODUCT OF THE PRECIOUS METALS IN 1852.

PRODUCT OF THE PRECIOUS METALS THROUGHOUT THE WORLD IN 1852.

....

Africa, &c...

Total

The following statement will exhibit the annual product of the precious metals at different periods prior to the above:

COMMERCIAL STATISTICS.

COMMERCE AND NAVIGATION OF THE UNITED STATES.

The annual report of the Secretary of the Treasury, transmitting a report from the Register of the Treasury, of the Commerce and Navigation of the United States, for the year ending June 30th, 1852, has at length made its appearance. By the act of 1850, it should have been printed and ready for "delivery on or before the first day of January next ensuing the close of the fiscal year to which the report relates." We give below the tabular statements of the report relating to Commerce.

DOMESTIC EXPORTS OF THE UNITED STATES.

SUMMARY STATEMENT OF THE VALUE OF THE EXPORTS OF THE GROWTH, PRODUCE, AND
MANUFACTURE OF THE UNITED STATES, DURING THE YEAR COMMENCING ON THE 1ST
OF JULY, 1851, AND ENDING ON THE 30TH OF JUNE, 1852.

VALUE OF DOMESTIC EXPORTS OF UNITED STATES TO EACH FOREIGN COUNTRY.

VALUE OF THE DOMESTIC EXPORTS OFTH E UNITED STATES TO EACH FOREIGN COUNTRY, AND TO DOMINIONS OF EACH FOREIGN POWER, DISTINGUISHING THE AMOUNT SHIPPED IN AMERICAN AND FOREIGN VESSELS, FOR YEAR ENDING JUNE 30, 1852.

Free of
duty
$697

2,414

.... $127,340,547 $65,028,437 $192,368,984

FOREIGN MERCHANDISE EXPORTED TO EACH FOREIGN COUNTRY.

VALUE OF FOREIGN MERCHANDISE EXPORTED FROM UNITED STATES TO EACH FOREIGN COUNTRY, (FREE OF DUTY, AND PAYING DUTIES,) DISTINGUISHING THE AMOUNT SHIPPED IN AMERICAN AND FOREIGN VESSELS, FOR THE YEAR ENDING JUNE 30, 1852.

Swedish West Indies ..

518 1,948

24,804

45

Entitled to drawback...

7,774,457

9,514,925 17,289,382 12,136,390 5,152,992

1,562,673 1.562,673 1,292,762 269,911 7,774,457 1,096,482 8,870,939 6,159,827 2,711,112 6,855,770 6,855,770 4,683,801

2,171,969

VALUE OF IMPORTS FROM EACH FOREIGN COUNTRY,

VALUE OF MERCHANDISE IMPORTED INTO UNITED STATES FROM EACH FOREIGN COUNTRY, FREE OF DUTY AND PAYING DUTIES, DISTINGUISHING THE AMOUNT IMPORTED IN FOR EIGN AND AMERICAN VESSELS, FOR THE YEAR ENDING JUNE 30, 1851.