Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-09-19

May not then be presumed that the over suppv and Tho
amnsed demand will speedily reduce the price Of silver
IN na country The late act OF Congress, which enhsnc
ed the relative value of gold coins In the United States
has eectualy cut oil this from the export of silver
rom Ensanu, neas until the rate OF exchange between
the Two countries shall he very different from what IL nov
w. ana The value OF that metal shall have fallen eonscra
oiy III The London market Now the reduction OF one
penny The ounce In London would cnirely change the
lace OF the Transaction suggested by "Cary Street, and
loss Instead Of profit would be the conse quencc.
G. "heue'er the rstc Of exchange agsins, the United
safes au la favor oi England, shall reach that nc at
"heh the expectation O! specie begLs we may possibly
part with greater value ia Silver an In Gold: but il ,lr
rr.ve value o the two metals be fixed by the late ac,
o Congress at sixteen OF Silver 10 OF Gold (Which il
assumed 10 DO tue, without examination on INV p.,O |,
does sspn probable that are in no danger OF losing
any matefa proportion IL the silver from fhof 6ere,rS
Gold may be slightly ovetrated but ~ il moi mad. ell,
livery higher iiant h. in Spain Portugal the Indies
anu all The American counties South Of the Uned Stt,s
wnerc hey have concurrent circulation Of both n-tss
In Great Britain, the relative value Of Gold is 10 Is s6
100 In France TO Is S2lG0 To ensure an canal and
concurrent circulation ct both metals If that be desir
en' We ought TO dedncc their relative values, az well
from mo COMMITTEES from which chiefly import >.
from thnse 10 which export them, by taking the
mean relative values in those countre, Pe,leci ex
acness IL no, aitsinable hut regulations should tend
10 tha, point without special reference TO the fuet,
a'"g rates OF silver in The city Of London. LIE, Govern.
nsns establish what relative values th,y NAV between
The two metals, the we'll informed NJ IN ocr.s;o,
sy Ind that the the other in greater demand in
mrs or 'na' market, and will avail himself OF hi, earlier
"ormauon To- hene by il-lndeed upon such nfpr,na-
hon. often depends the OF the practical
Without any regard his part 10 the general principles Of
commerce. f'r'NSO "
In the view herein taken OF the relative ra,es of t,
ana SILVER as established by Congress questioned ybe
hsr much greater value of silver will 20 abroad than of
go'u ne rate III Great Britain Che country with which
we have most commercial inercourse) being of old 10
10 90 oil SILVER, and in the United States 10 lG the diff
Terence Is only about eighty eight in the hundred
dollars or fraction over 7-Sbs of one prr cen, Wher
ne "erehec o rick and expense in renting silver dol
ias' 'he labor oil counting and weighing The
Sy ulsPosns OF gold on its arrival in England. and
It's more uidcrn value there, considered il be comes
mAer OF doubt, whether the gross profit OF less Than
oe PER cent on SILVER be not counerbslsnced by other
advantages attending remiances in poJ In, sv.n n
go Is shghy overraed, and we should part With great
or proportion Of our silver dollars, shall probably have
go'1 Ia 'heir pice--a metal in every way more conye
hent IN ihs widely extended country The one
rahon' while we shall never want half dollars and minor
pS VI uo-fs 20 serve The smaller purposes of currency
When we have the Gold Coins ffeely in circ.,i1
even ,hey should in some degree displace the larger
place Of Bank notes. Su0cKOts'
10th September.