The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-01-03
EDITORS CORRESPONDENCE.
From sar New York Correspondent.
NEw YoRK, Dec. 81, 1854.

news and some 100000 in gold dust from Cafornia
furnishes with an additional theme for gossip, and
helps, IN some small degree, TO strengthen our money
market against the uneeasing and increasing foreign
drain OF the precious metals. The discovery OF new
and immensely valuable gold placer in Marposa county
and one which is worked with great facility, is the most
interesting item of intelligence and il the accounts
which have received OF lis richness and availability
TO be depended upon, II is OF ordinary import
ance. Throughout tract OF country Of very consdera
BILE extent il is said that gold exists great abundance
formation of soft and iriable clay satethe amount
Of nearly quarter OF million Of dollars having been
secured represented. by party Of seven persons in
about week. This exceeds, in point of remuneration,
the result OF any working we have hitherto heard of
either in California Australia; and II the representa-
tons OF the magnitude OF aurfeous region and the abund
ance OF the supply not greatly exaggerated. the
sources OF domain upon the Pacific have never yet
been adequately appreciated.
In view OF the ncalcuable amount OF treasure which
kind Providence thus avishes upon our favored land
and al so OF the present crisis in the affairs of the Euro
pean world and relation 10 it, there considera
tions-bref and simple but all important ones-whch
ought il should 10 weigh upon every reflective mind,
and which should especially yet the attention OF those 10
whose management and supervision The pablo veal is
intrusted.
Without entering into the specuations of patriots
or politicians whether OF foreign extraction or native
x
the anagonisc elements of freedom and despolismthe
war of opinion against the bayonetwe may safely lay
down two propositions without fear OF contradic-
tion and from thence draw single conclusion which no
one will be hardy to conirovert First then, either
great contest is at hand between the oppressed and their
oppressorsbeween The down.trodden millions of the
civilized portion OF the Old World and the despos who
trample upon hemor else the reign of absoutism
firmly re established in continental Europe that the last
sparks of freedom are about be exngushed and the
last yestges of liberty be obiteraed in that quarter
of the world II is unnecessary for present purpose
to indicate upon what hypothesis of the two just stated
we pin our faith the conclusion at which we aim
is the in either case. If a general CONT
mental war takes place on the other side of the AT
antic either we shall be involved in it, we shall
not be- II we adopt the policy of active nonnter--
yenton, and attempt to enforce neutrality upon other
powers in all probability shall become party
in the struggle if we stand aoof, maritime rights.
and the rights OF citizens in foreign countries, will
still be in constant peril; and it is only by presenting al
all times and everywhere formidable front and state
of constant readiness, that preserve them from
injury or insult and avoid the necessity OF mingling in
the contest If Louis Napoleon should, contrary to our
hopes and still say contrary to our belief upon The
ruins of republican France construct an empire which,
leagued with the crowned oppressors OF the North and
East, should consolidate system of despotism through
out continental Europe too powerful TO be shaken-too
redoubled necessity for watchuness and readiness and
preparation on part for then uhe policy of
Great Britain being wholly uncertainty should have
to maintain armed neutrality against the world, and
that world OF hostile principle.
Now in either in all these cases. thing il will
be seen, is of paramount, OF ncalcuabe imporance-and
that is preparation We must be prepared if we are re.
solved nteryene must be- prepared we are 10
stand aloof and must be prepared if despotsm quietly
becomes predominant the other side OF the Atlantic,
without giving a chance of gainsayng it, And now,
what preparation do need We are invncble in our
position. We have men enough, and they have arms,
and the skill and courage 10 them On our own soil
may defy the world in arms but TO strike blow for
the freedom of mankind TO n,epose between the sword
of the oppressor and The neck OF the oppressed or to defend
and protect our commerce upon the and interests
and our fellow citizens in foreign parts, we need some
thing else: need the sinews of war-money-yold
and silver We need Tor, rather, shall need for in
time OF peace do not feel the necessity just what the
agents the factors the bankers OF the European despot
draining Of and accommodating 10 sustain the sys
TEN OF oppression and misrue which obtains abroad 1t
has been said that without the Roihschids the Hopes
the Barngs &c, no poeniate on the continent could go
to war. That may be true; but so is the converse
Without those potentaes the great bsnkershe despots
OF the moneyed world-could not exist for day The
holders and negotiators OF the immense debt which
weighs sorely upon the heavily-laden people OF
manence OF that power which wrngs from the
bard hand of labor the interest these loans and
upon the maintenance OF which depends the shadowy Sc.
curity OF the principal Il is to support and sustain the
rotten and bankrupt dynases OF the Old World that the
banking interest located principally in London has es-
tabIshed commercial system which enables il to control
and purchase at a credit and pay for peases almost
the entire exports Of this country tits for this purpose
that it manages TO throw the yearly balance of trade
against us, and exact il in silver and gold and this is
the mode in which the which otherwise would
make the richest and powerful as well as the
eest and happest nation upon EARTH is eSacted from us
TO Gil the Golfers OF yrans, and enable them 10 pay the
mercenaries by means OF whose bayonets they keep
their wretched people in subsection.
While, then, such measures as these are taken and
constantly and strenuousy persisted in TO strengthen the
governments which based upon principles hostile and
anag onsc TO own, and the time to weaken
us would il not be wise in view Of things they are
aud they may be- adopt policy calculated coun.
teract them Would il not be safer and better 10 devise
some plan by which the current which, flowing as il
were from our veins feeds them full at our expense
might be checked and the supply retained nourisb us
and strengthen against the day OF trial? How this
should be donewheher by the imposition OF a sufficient
export duty upon the precious metals modification OF
the value OF currency, oherwise--we would moi
pretend TO suggest There is lack OF means II Con
gress, in its wisdom would fit 10 make OF them
But one assertion we will venture in relation TO the adop
ton OF the policy we have indicated; and that is that,
while retention Of our metallic resources among our
selves would place state Of perfect preparation for
II L.. xl.a.uz