Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1851-08-21
Monetnry Affnirs.

The New York Tribune of Saturday says:
F" The Money Market is without particular
change, but, if anything, more stringent on
paper. The best names goat 12a15 per cent.
and the amount of capital employed in buying
paper, even at these rates, is small. On
call, the rate is per cent, with fair sup
ply"
! The Courier and Enquirer of the same
date remarks as follows:
"The past week has brought no relief to
the pressure which exists in the Money Mar
ket The importers have already experienced
the result of the sudden contraction on the
part of the Banks; and those that remit, snf-
: fer from the enhanced value of money in the
street The amount going forward has been
very much diminished, and SO far as the i'm
porters are concerned, the banks have
gained victory. The scarcity of money,
however, is severely felt by most classes of
tradesmen, the jobbers in particular, who, in
the course of their past operations, made no
! facilities of obtaining money"
The Baltimore Patriotof Saturday Afternoon
says;
"The demand for money in the street has
not abated. A better feeling, however, pre-
walls, and negotiations of first quality paper
are more readily effected, and at rates rather
lower than those of last week. Undoubted
names are now taken at 9a12 per cent. The
banks, we learn, are dealing quite literally
with their customers"
The Boston Atlas of Saturday says:
"The stringency in financial operations,
20 which we alluded in our paper ofSaturday
last, continues to exist, and there appears to
be no immediate remedy al hand for its relief.
The week just closing over US has presented
the same distressed features which were OBJ
servable iirits predecessors. Failures have in-
creased-high rates for good paper have been
demanded and paid-buslness has been slack
in general-contidence has diminished, and
the various accompaniment of pressure IN
the money market, have followed each other
in rapid succession. 1t is truly time to look
at the causes which have led to the existing
state of affairs, and which will continue to
operate disadvantageously upon the financial
prosperity of the country, unless we can here
after place our foreign commercial relations
upon footing to secure US larger proper
ton of our natural wealth than we have for
some time past enjoyed. Specie is the basis
of a healthy currency; it is the lever with
which we raise and sustain the great fabric
of prosperity. Without it--or an adequate
proportion-we are liable to panics, fluctua-
tions, and revulsions. With it we can defy
the commercial world. 1t brings independence,
and drives away numberless evils, which
want of it necessarily introduces into the mer-
camille community. We therefore repeat
the mark made in our last monetary article,
that a continued export of specie from the u
nited States, instead of our agricultural pro-
ducts, will reduce the country, finally, to
state of national bankruptcy"
The amount of specie exported from New
York for the week ending Saturday last, Aug.
16, and for the year 1851 from the first of
January last is as follows:
Steamer Washington, Brennan, gold and
silver S7,959
Steamer Niagara, Livergool, American
gold, 2O3,500
British gold, 100000
British gold and silver, ll0,561
British silver, -946
Steamer Emp. City, Havana doubloons, 1885
Brig Caroni, St Tbo's American gold 10000
Doubloons, 17,725
Steamer Pacific, Liverpool American
gold, $4,000
Sovereigns, $4,000
Gold dust, .15,1 ,120
Total August 9 to August 16 S907,707
Previously reported, 25,259,242
I'll e.. 1pE1 c.le Leg OIn