Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1850-09-05

and snria disas'rtS SPUN Is ldducrd 5defn ~
amps; and pc pie teler with Gar to The ptahabln
sequences nf III eat anut'tuus dtugs The Sacra
urnio.
! Nhen ms ii rnairnp rtties were treating the
alleigsd discovery II I'D ~ Califris Jrlaslnn.
and abinnling IA WARNINGS auans the folly ol adsen
turing htsf 81, al-a vrnufed t. htnt thai they
were wrons. b'caasc he evidence was II a nature II
sal sy us thai the prcpns ulnrrnl snrchrd tn neglect
I'd nds 4 he Sacfemeuti They have NV alir'ed
th.it yows aud ate, we suspect, equally Wfan1 " hen
they appfehend spe al evils CERTAIN 10 result inn
nrtf ably m1uS OF gold. The slly senmenlalily
which ssehs dil ctinu tween The labor employed IN
getn. gid and efe"ing grain. obtans Appreciation BIZ
tho flan $ II all sciences. piieal economy, Is
sill cardge Ia tie mlliln.
W.re reaple a l.tle brt'ct az uu"d they would knaw
lha al voluntary lab Is equally productive. add lh.
,yrn lhe par NnfsnHniehof, who abdcats ia. tIasle
p,,s which f=ens" I'll ucy operating certsiny
the tlhrg If and the Who. the hrmd fields u
N"tiaik. hills tie p"rgh. man must b. FED and
clothed and I'D and apparel are obialuRhle ooy in
change uT sfinfflBg de- Md Of equal value. Gold buys
hltb; aud the Califnan, in pchi1g MP grains III gold
is sNnna'ng The growth # curo IN nerlca and the
spinning ii eali1n hire lis desire # pHin
he 'ol iutruse his mnfis mt b, improved by his
location in unsettled region; hui ihese
tets nsl rincern himself society, the whole. benei
hy hosc created Circumstance which mghuly augment
uaIe.
Two evils are appfshendnd f,om lorteased influx
of gold frs, moneiary dcrang"ucn'; ana, secondly
m undue 81 eu'aao resulting Ia excess Of lhe clfeu
ln'ifg medium
These els. We btirye, purely ginoty. II
lie FIRST place. Cliff fui " II any excessive IN
crease the INN RS al . ld A. most, the supply Is
o,l calculated In exrced fjO00.OOD year; aud five
millions yenf VII hardly do mue f,f several yrnfs II
me, tau al I'D qlaptly adequate To the management
d The COMMERCIAL eNlgenel's proceeding from the Dissolve
ries thu Sac amento. As predifel long since.
and have irqnrnly repeated nav aud vast tade has
h"ou created within hrr prfl,d. aud centres Ia iia
nla. mmefee IS geag nphIcal, aud attends terrific
al disc vefles aud mnnuf ctHtiug facilities II 1T lhe
y stharus lot The Aatiatr; the Mediterranean fr t5e
Nlntlci aud INV san fm0,co looks out upon oceao
rrming viii pYaraliuus 10 tnictptSr udu Try and nd
vcntutr u hind her extends fields containing that lind
Il Wsa l. winch /. nnco ude.ruchln aud Instantly
rNchangrahle lie who'r world is eager 10 pssess II;
aud IN al eaga ahd"s cndu ng security lot an
increasing tradr. maguird England l., opposite 10
be- pclpld aud cultivated Chna pcopl.d aud en- tva-
tod Is alrady her cnsomot and uumrruus Islands Known
and nnkunNn, pfrsrn Profitable stopping places The
way l. l1dn lhi-. however. IL only distance in ihe
ri''ufe Nearer home. untitled regions at unoll firth
ly, plee The foreground. On one hand. South Amer
"a cspards into hpne for hundfcds Of millions III In
habliaols, AID lha lmi.d St'tos cnatgrs itself from
ocren Ia oe,ap would prepared tor. It ppslhr Il
sill uprr ppnlaton. The child T., father II the MAJ,
and IN The ladury Of the tala the Pacific We See
the mepiet gefm Of that commerce, which, al dis
au day will make thai Of Euopc at present loaL palr
Tor he people created ~ hat tade will the pold Of Cnll.
rna he sapefshnnanl2 VIII be- suli .ont accord no
Ia the msl ken hlea Of sntclcucyl In estimating thu
future p1pula III Calf rma we must admit data nnre
extensive tim preseHt III msrlv,s at h,st yew Tn
Stlnulanl Il not lie confined Ia the autGrons regions
II viii c,icnd thrngtnt nil civilized nations who will
undoubtedly, en- lnute To the propne OF ali America
North and South, AMI N ing 50. encourage the gn,w
Il ppnltlon, al hume the old count les serving, u
point oliaet, nurseries fn the Thu PIC ure is
uyoTciargrd The experience of the past guarantees
ITS uuptulnss
The fear ,fsv from an Influx Of cold Is ihefefrre
smundless. cid come f. IN California, gid will =
Ia II; and pobthly much has gone up 10 tins Tine a.
has arrived. III osrnt abundance Of money. and The
Inv tate ri interest can certainly have reference Ia
Cahofun imports. Both proceed from very different
causes and leo eoughl more ~er,usly tcstlmae lh,m
Circulating ~, dam Is required oy the rxlgencies 81
ttidr "heh commodities are dea'. m,te monry obyl
ously required than when they cheap. When lea
and sugar VIE double hc puce at which they arr non
Sold, grucels wholesale ard retail, nocdd the sun
nav required Ia Conduct their husln Il is tina SAN,
IN all other trades, and II happens that almost al
comm dliiss are nav unusually cheap. Cotton Is al
most the only exception OF mpofanct but unfortunately
IN colton dnn hedqnanilly corresponds 10 an lncfeas
| IN pm e. No mnrr money Is required than WHEN III,
article low in value aud hrucr i that money /,
superintendent aud disc uns lw-,h' ~ bring no fnan
c'a alarms, No undue sprcul ,llIns. Gold is found
quite portable bank mites, and soyefepns therefore
are peTmilrd, by general rOnSrnt. 10 enrich the safe
vaults 10 lhteadneedlc street This one tcaspn VIII,
money is plennfu there is another: railways render lazy
Il chs IN The hands OF manufacturers aud retail trader
unnecessary What they now want they can obtain IN
lew houts an III Fl Il lie telegraph, Il necessary anti
cpltrs the tapliily ot the penny st
II peop'e would pause moment from prejudice 10 b.
WIS., ami make rl,rl at emancipation from htredlla
~ aaeies. they could fail lo discover the, Jas lou
Yeas lessons Of commercial instruction pregnant vi
moic Information than WAS ever before presented brei
". The late panic and Is sequence alSty nearly all Nh
ihtouos winch had previously prevailed in ference
-" an currency. / MAS thuught and is still believed b.
many. thai trade can be regulated hv the coutraeon or eN
panstn # the currency; and IN Sl1 5, the bank director
aud her Mi vs. ministers operated N both directions
IN the idea that hey wcfe doing imAeuse good and d
-lmmense MS 'hiet. They did not know then wha
they ought 10 knuw nuw-hlt | w rate Of rteres
does not I ltse encourage specuatlun, and that hgl
rate OF interest depends not the will of government
banks bat On an apprehension OF individual insolvency
sufficiently extensive 10 be REGARDED geueta cause
II can be hardly necessary to repeat the proofs Of this
which We have. Of late, SO frequently adduced. Tn
facts, however, accumulate daily. The hank is Fl Ie,
wl'h bullion. discounts uuprrccl,uicdly INV an,
money Is chtap Yet ihtre Is undue speculation TIN
Is the reverse Il all preceding theories. The presen
state o ngs reuies all the OuJ conclusions 81 Blmns
ham, and tendeis the query Of what's poundl' diff
cult IT solution as the sqnauug of the circle.
ne s'erfi It's IN the proper 10 the question
why do not people 81 ecuatel" Simply bfcaus
there Is lfte chance of prottrlug 10y adventure Ere
uade has gwen, a. Il were permaneaey and univer
salty u prices, In the rt' &, fine weather. tier
Is hn prospect nj Grain being doitpr lea supar an
colee presents no feature which promises undue gains
Cuton Is almost the only article upon which rests nh
al a. 4 aha a4t,i4t,