The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-10-31

Ami, 1895. scc s ss's .ss
os. lsoIS 500 so go 500 sSS 1880
is observable that the small notes, legal tender
took the place Of silver which in the bank
under s efforts forty ITSELF butt approach of resump
ton diminished The lower denominations II is probable
however, that the small have displaced ia France
amount OF silver equal 70 their own sum-ncary S20
0O00O0which about much silver the disposal OF
commerce California has yielded Of gold the United
States But then the banks subsequent the union, had
qured from foy-six millions dollars OF silver
This partly the result Of their incesant efforts snula
by political dsquet enhance their These e
aided by the California discoveries in de
gree the Increased supplies Of gold have driven ell
this aud other )untries. At the time Ho
land has dispensed with gold currency, because Of It's
apprehended depreciation under enlarged supplies.
The general movement all the commercial world 10
and increas, Of credits The supplies
gold from California up this time have been oonfrna
tory Of the reports respecting the nexhaustbiy oil the
mines, and calculations hc prospective value Of
tiles and fixed already into extensive aanc ia
operations rapid deterioration Of the value OF gold,
compared with other products OF industry, will
immense revolution in the value Of properly and greatly
deprecae tie value oil existing contracts Thus the Eng
lish government with It's enormous dcb-ihe interest Of
which, the present value of gold, represents
burdening OF the products OF ndustrywould find
itself relieved hsfs burden II all prices under the
influence OF Increased supplies OF money person who
Is In tho receipt OF 900 annuity would fnd his
income reduced onebathat say, he could get only
ot pfuuhccts Oh tNcnunReaoie
the other hand would find their largely ncreas
ed in proportion to their obligations Half the amount
Of labor viii be required to pay present debts and
taxes These considerations have already produecd
upward movement In many enterprises here and
In Europe and the question Of continued and en-
HANGED speculation, such the world has be.
fore seen revusion and Distress depends upon the
continued product Of the California mines The emigs-
ton 10 sensiby diminished already, and tho number Of
persons coming back entirely disappointed Is great
But there authentic accounts In relation to the
actual state Of things therewhethcr the worked mines
approach exhaustion, and, " how productive viii be
the quartzock. Tho fever OF excitement has paipaby
subsded and the production OF gold must now depend
upon systematic and wccaculsted business operations
like all other enterprises What will be the regular yield
the country under such circumstances Is practical
question Of vast Importance to the commercial world.
Business for tho fair produce particularly, s
n and In good supply and dry goods active parc-
uary for domcstcs, which In active demand at adj
vanced rates. Tho diminished production of the New
England mills is OF the advancing activity, with
the further rise in and It's prospects abroad Exist
Ing goods could not be made from cotton at present prices
and with diminished production tho value Of stock rises
Il s probable. however, that f mill In New England
to make at these Of cotton the supply can be
kept up prohtaby by southern mill Cotton very
active, and sales ranged higher than last week. fol-
lows
ogeod ord. 20 seoaai4. 20 sir. % fsil.
No. NJ mo hiS1::A n. .M1 iHs::ia HA'A !"
The stock in the city is now a. 900 bales Wool contin
very arm and low and medium grades, suitable for
goods are very Fine wool Is scarce