The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-11-12
THE DAILY UNION.
EDITORS CORRESPONDENCE.



Iron our regular eorrsspondeutI
New YoRK, Nov. 10, l6is.
| We gather from an English publication the fol-
lowing facts in relation to the productiveness Of III,
gold mines Of Russia GE
In 1899 they only yielded one pood Of gold In
Ie4l the yield had increased in the twelve years 10
I'll pools. A pood is equal to 36 lbs avoirdupois
OF this last smot,nt, the crown received l59 pools
In mining, the labor Of ten MEN IN one year pro-
duced $4,000 silver rubles worth of SoI1.
ruble is IS. 2fd sterling, or about IS cents fed
eral currency. BY
In the part Of Siberia where these mines exist, the
gold u fbfhd IN the sands Of rivers; among which
the Grand BiirodsG on. the borders ofthe coun.
tries Yenisesk and Irkoutsk and Btsfes the Tom
gousa, Of the Oudre and Senpoyior the Pile, a.. !,
II il stated, however, that these mines only
be worked during about four months Of the SUM-
ier and, considering the want Of scientific skill IN
those Who conduct them, the yield Is very large,
which promised " be Increased at no distant day to
an enormous amount.
The yield of2ll pools in l2 years teas quite large.
Multiplying 2ll pools by S6 lbs, gives 1855. By
estimating the proceeds by it. will give US the cnor-
nous amount Of gold in dollars produced by these
mines.
In 18l3, the government of Russia effected an ar
rangement with certain bankers in London for an
exchange Of gold bullion for svcrj the latter, be-
ing considered more useful as circulating medium
in Russia, while gold was moro valuable as cur.
rcncy in England
The decrease in the supply of silver from the
Mexican mines and other places, caused In part by
the high price Of quicksilver or mercury--of which
the Messrs. Rouhschild held monopoly, by being
the iesse.s Of the mines Of Alncda, in Spain-and
partly by revolutions caused tho article to advance
This advance was made more Arm; " not enhanced,
by the Russian demand for it in exchange f6t 81
bcrian gold
We reeolIect, in the summer of 1913, the value of
silver advanced in Wall street, considerable sums OF
which were purchased by some ofour large brokers,
and shipped 70 EfslandAsto supply, no doubt, the
out
One ofthe most crafty phantoms which ever en-
tered the brains of men, ID that which stppoSes that
the acts of Legislature can keep specie IN coun-
trynot dreaming that all trade is based fenstira-
bly, upon system of barter, and that money is on
ly used to settle balances; and that, like any other
article produced by the EARTH its value is regulated
entirely by supply and demand.
One plea with those who have advocated a high
protective tariff, has been, that such measure was
necessary 10 keep the specie in the country. On
reviewing the imports and exports Of specie Il will
be found the exports have been as great. If not
greater, under the prevalence of high tariffs as at
any other period
One Of the most inconsistent pieces Of political
econbrny exhibited by the advocates Of protective
policy, is that which would encourage the enlarge
ment Of the present banking system by the creation
Of national bank &C., and, at the SAME time, cur
tail importatons by prohibitory laws. These meas.
urcs are Numerically opposed to each other.
We care not what the duties may be-high OF
low--importations are sure TO he excessive under
heavy issues of paper money. When paper money
10 abundant and easily obtained, the widest specula
| tons prevail every man calling himself merchant
can import goods freely, were the duties twice Al
4 k..xb s,a., ~ a N
ever, confined and limited TO strictly specie ba
sis, with personal security and personal liability
on the part Of those engaging in the business o
banking, would force people to purchase or TO- i'm
port no more than they were able TO pay for in .
sound currency. Under such currency, importa
TONS even at only duty Of 20 per cent ad valorem
could never be very large, and In no case exceed
the consumptve requirements Of the people whose
| produce would be sent forward to pay for them
while small amount of specie might occasionally
pass to pay our farmers for their excess of supply
| and sometimes small amount might 30 the othc
way, regulated in amount entirely by sound ant
healthy trade. During periods Of heavy Issues o
| paper money without a specie basis, merchant
base their importations upon the worthless rag
they borrow, and not upon the produce OF the coun
try, or its representative value, money They, then
are sure TO bring in more goods than they can dis
pose Of TO safe customers, and more than our farm
| ers require for consumption. The consequence Is
when balances come to be settled, the foreign mer
chants require either the produce Of the country j
| exchange, or the money, which the rags are mad
| frauduently to represent. A run is finally mad
upon the irresponsible banks, which, having put on
large amounts of paper without any prospect OF re
dcemng il, they explode, involving the whole coun
try in ptcuniary embarraasments and bankruptcy.
i a probable misiake.-l see II stated that ex
| President Lamar, of Texas, has purchased splen
did residence in Atlantic street, Brooklyn, at cos
of about $4,000, and that he is spoken of as can
didatc for mayor Of that city!
| Our last notice OF General Lamar gave us 10 un
derstand that he was in Texas, and spoken of us
candidate for the Senate Of the United States, I
represent the State of Texas, which would, W
should think, be post of honor more desirable I
him, however worthy and respectable the mayorali
| ty Of any city may be, of which none can be con
sidered more than that of our enterprlsing neigh
Dor. II is possible it may be some relative of hi
from the south--perhaps from Savannah--who ha
made arrangements for a residence in the delightful
suburban city of Brooklyn.
Six thousand one hundred and eighty.six emf
grants arrived at this port in October, of whom 1928
/ were from Great ENTHUSIASTICALLY from Ireant
and LISA embarked at Bremen; 2l5 arrived on Sal
urday last from Liverpool, and 900 from Havre.
i There were some items contained in the late Err
glish papers, which, If true, augur an early nerruT
ton to the good understanding, II not reciprocal q
lance and friendship, established between Louis Phi
ippe and the Queen of England. So cold, selfish
and calculating is monarchy, that their apparen
friendly visits and greetings often cloak some scfis
design or purpose.
4 II would seem that the immense expenditure q
kind feeling exhibited by the King Of the Frenc
for the spirited Queen Of England, was to obtai
her consent TO the marriage of his Ia young lad
the Duke de Montpcnsier) to young childish gil
whom he had never scientific lnfanta of Spain
i What stronger guarantee could Louis Philippe hav
in favor of his family succession to the throne Q
France than by connecting his children in marrag
with the ruling monarchies of Europe, who woul
combine to maintain the supremacy of the Orlcan
family on the throne of Francei
4 II was thought that Victoria had granted thi
boon to the King; but be this il may, late Englis
papers state that her Majesty's ministers have de
feated this darling object Of Louis Philippe. The
have not only failed TO confirm the arrangement, bu
have provided another husband for the Infants
English diplomacy at the court Of Madrid has ous
ed that of the French, and the Duke de Montper
sier (perhaps fortunately for him) mus, return I
France, and seek partner in the person Of som
other damsel than the Infanta Of Spain, sufe
some other one to DO chosen for him. What