The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-18
The IMPORTATION OF spss,s.

The vas, amount of gold shipped from California is
naturally and necessarily difused throughout the COM
merca world In the absence OF such senseess restrc
tons those which Spain enforced by penal statutes
when she the great receptacle OF the precious metals
Of the Western Word&+restIicons which aided most
essentially in parayzing her and crippling her
powerhe precious metals will obey the laws OF trade
the laws OF supply and demand-like every other
meEcal commodity and will be exported from those
tries in which they accumulate TO an extent greater than
the exigencies OF commerce REQUIRE 10 other nations
where greater demand exists In view of the vast pro-
duction of the California Mines it required unusual
sagacy foesee that large shipments Of specie would
be made from the United States. Time and again has
it been loretod that such shipments must inevitably
be made account OF the great production OF the Cali
.forna mines-~Aa production much more than adequate
for the commercial purposes OF the United States. I'M
der these circumstances were surprised to see in the
National IahHigencer of the 10th instant the following
paragraph:
"The export OF specie I'd Europe appears be steadily
on the increase. Fox time back has ranged from
81 900 600 00j per month, but Is far beyond
Daring last msk the precious metals export
ed iro the port Of New York amounted 10 81 9l 029 The
necessity this dran in consequence OF the heavy Imports
made the apparent from The fact that The present
in Europe but the supply Of tia! metal being nearly
haused the premium of being driven up too high in
sequence of the large demand, nearly the whole OF the
going forward is so and The larger portion
IN Ame coin y
This appears 10 partial and incorrect statement.
In view eli the immense receipts Of gold from California,
no one could expec, that would or could remain in the
United States for had il remained in the United States
great portion OF ii would have been worthless for
the purpose OF circulation, taking into consideration
the manner in which the mint is conducted. II it
goes abroad, we apprehend that it Is not given away,
but is sent abroad in order 10 PURCHASE articles of con-
sumption which more valuable 10 the United States
Than the bullion woalI be- The Iheigtncer states that
during the last week the export of precious metals from
the port OF New York amounted 10 $,l9l 029; and il
says, without shallow of TO support it, that the
ports The plain object OF this statement is 10 produce
the belief that the country drained oil specie in order
10 the expenditures for the large imports under the
revenue bill o. l8i5ihe purpose being 10 prejudice the
public mind against that BILL and feeling in favor
of high protective tariff But the InsHgencer forgets
through inadver ence, omis 10 state, the whole truth
1t states the exports of specie from the port OF New
York while il forgets the amount which received
at that port II states the export from New York fol-
the last week at Sll9l ,O29, while it oms TO state the
import for the same period We do not know what II
was but we have before statement Of the expor
and imports Of specie al New York for the ten DAY
ending the 18th instant. The figures follows