New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-08-14

Tota.....t Az $50 co s2256s IN 81 sn.ls9S5l 81
The following specalatioas from the able pen Of
the writer Of the money articles in he Len tn
Times will not be without inherent on this aide the
water:
The position and prospects Of the money market
were never more singular than at tie presen. M
ment Every thing is tending in & direction - pro-
duce striking changes In the relations Of capital
but in the apatbetc trance resulting from our age
exhaustion, they are scarcely noticed. Wrn an
increese in the quarters revenue Of tjls,00O over
the favorable returns Of last year, augmentation
in the declared value Of our exports OF between
100000 ard e. 600 coo during the same period,
q stock OF bullion in the b ank which has NAMED
with slight fluctuations at larger amjUnt than
was ever before known aud The prospect, thus tar,
OF en- abundant harvest, there are also number ot
more exceptions al circumstances which furnish stl.
greater inducements that state OF affairs Is 40
preaching which must awaken the best energies Of
the couI try, and, which, il wisely watched, may
give an impulse 70 the spread OF civilization such as
has been witnessed at 10 former epoch. Each &C.
countirom California not only confirms but adds to
all previous sn,ciPations Of the growth Of that ter
rtory, and ofthe success of those who have thr1ng
ed TO it, and the reflex action of those movements on
other parts ofthe world nov beginning TO m ani-
fest themselves with daily increasing force.
Ia the Sand Vich Islands, In Australia, along the
whole coast Of the Pacific from Valparaiso to Van
cJuver's Island, and even in Chini, the str is dis
tnctly felt, and the awakening lie thus manifest
ing itself at the extremities Of the commercial sys
te IN must soon he acknowledged most powerfully
a. it's center Even il California were announced
tomorrow 10 be a delusiOn, 1t would be years be-
fore the effects that have already been created by
it would cease to operate but the tidings received
for long time past have nov convinced all persons
that its riches have never been everest mated, and
hence the inference is unavoidable that what has
yet taken place is only the bee nnlng OF the changes
to come. According to the recent accounts from
New-York it is confidently believed that the god
received in the United States during the next six
months will exceed the total OF all that has yet ar.
rived. The silver mines OF South America, too,
are yielding slargely increased supply, railroads
are being constructed for their further develop
ment quicksilver is likely to be furnished in un.
usual supplies, and improved methods Of working
are resulting from the application Of capita de-
rived from the profits OF trade with Ban francisco.
Coupled with these facts we have accounts ofother
gold regions in Bolivia, Venezuela ard : iush Aus.
tralia The less noticed but steady increase 10 the
supply from Hussia has likewise to be borne in
mind and finally the importation which is even
now taking place from the substitution OF paper
and silver for The gold coinage in Holland, amount.
ing, it is understood, to between $4,000 900 and
81. 1000, 900.
Under all these circumstance, the rate OF money
in England is about per cent and at Nev-York,
although they are now sending US large amounts OF
ever been for any continuance, 81 or per cent be.
ing the highest rate that can be got for temporary
loans. At the same time, two things have opera.
ted in England to prevent the glat OF money being
greater than tn. The remittances on account of
the Russian Loan Of -, 900 600 aud on the Danish
Loan of $500, 000,-the instruments on the first Of
these are now completed, and in the course of the
next two months such small amounts as NAV
remain on account o. the second will also be dis.
charged. There will consequently as far as we
at present. be henceiorth nothing to disturb
, the existing tendency toward accumulation.
Step BY step with this tendency the rate of inter.
est to be obtained by capitalists must decline
There is no over speculation in trade to prevent it,
and no quarter Of the world where the exchanges
are likely to turn against u.s. The only questions.
therefore, that present themselves are first as to the
point to which the value Of money will descend with.
out overcoming the present horrorof allother Invest
ments which involve risk and secondly, in what
quarter the vent will be found when the overflow
OF capital shall at last become irrepressble
That the present state Of affairs in which invest.
ments that yield scarcely any ret1in n but that re.
quhe the exercise neither of thought nor faith, ars
preferred TO anything else, will yet continue for
considerable period seems certain. Railways, in
the midstof all our prosperity, show no symptoms
OF revival, and the gloom which they create vii
still spread morbid dsgtrust until the sharehold
ers shall have resolved to admit what everybody
recognize-namely, that there ia no help for them
but In complete re- organization Of their modes ST
management. From this aud other CAUSES thers
Is reason to anticipate that the revivaof confidence
Will not be sudden, and that, before it shall occur
to such an extent % 10 lead 10 decided reaopesr.
ance OF the spirit Of adventure, the period NAV
even be sufficient to enable the Chancellor OF the
Exchequer TO propose reduction in the Govern.
ment funds.
For the present, therefore, we can look for no
striking deviation in the routine channels for the
employment OF money, and hence there will be
plenty OF time 70 watch the quarters 10 which il
will ultimately rush In the intermediate months
there may be a variety OF small gambling move.
ments in some Of the low.priced foreign stocks or
shares but nothing Of a character that will not be
limited and transitory. The old burns in that re.
spect have become matter OF history and when the
general iEpstience Of ! or l per cent as the rate
OF interest shall have gained its full force a new
field will be required for its development. Ii will
then be ounG that although the uses Of capital had
seemed 10 us TO have narrowed 10 such a point as
TO render IL almost valueless such idea was TO-
consistent with the onward course Of affairs thatn
was in fact, merely the silly reaction from opposite
delusions, and that although the opportunities for
the employment Of money were declining Ia one
quarter. they were riGng up with increased force
IN another. Among many new features the grow.
ing wonders OF the New World on the Pacific will
nthst date be rightly interpreted and it will per-
nAps De seen that while We have thought an safe
s nonssd adventure utterly exhausted private in
49,. .," nave been making large fortunes by run-
mig steamers, by working Goa. by EsoiIit.tiog the
VebtW o. en.,rants and mayche nd;,s In ta.,;.-