The Gonzales inquirer. [volume] (Gonzales, Tex.) 1853-current, 1853-07-02
IE.rom lIle Nalycs,on Journal. i

York Herald, generally good authority in NOR
oy matters, predicts, from various causes; TIN;
We arc on the eve Of great commercial chi
sis. II estimates the aggregate addition to the
gold currency of the world, within the pas
six years, to bc about two hundred md fftv
millions of dollars. This leaves for the arts
and sciences the product Of all countries but
California and Australia
From official returns and other sources, the
Herald thinks IL is pretty well established that
this gold bullion has not served ms foundn-
ton for the immense credit structure which
has been raised to such dizzy height in nll
quarters Of the globe The progress Of finnn.
cal knowledge, and The GERMS Of tho age,
have wiped out all old systems, ard new or
der of things exist,
We now find hanks springing up by the
dozen in all parts Of the country and lauch.
ing out at once into the most expanded move
mcnts withou! five dollars IN gold or silver in
their vaults Credit is their basis. Paper
promises to pay nrc the foundation Of thr
whole future initiation, and one class Of credit
serves to support another. They nrc piled ur
olc upon tho other tho first having to s,,stai,
the whole until the weight becomes SO gre
that the whole fabric tumblcs with a trcmcrg
dous crash to the bottom.
There appears TO bc no limit to the amour,
| or variety Of these railroad bonds and other
paper securities; and the first warning the
builders of this splendid structure get of its
rottcnncss il complete prostrntion and dc.
struction, spreading ruin and dismay among
those engaged in it's erection.
into .;H,,op, ,So d., u'"n'S, ~ 10, S "n'',s" y,
,o m'tno"t w .,'o ms. .Ioueh. VI where un~
u.oI'a''p si',o y, "si"v", ",' .onuhs iio'"; m
| ,.omn.. nv 49, ","'. nav ns , i.WMu: n.r'
Thn uorad '",oo ,,oas r". n". ~, rIa"s y, oi po,n,
method of preventing il or a remedy for its
cure. At present 1t confines itself to the fact
'n,, "", 'us Wv III M I,,'o u, .s IAs.S Us WIZ or'ns
onon Gnn,o ' s,,,i, ", ".;aa;.i aJ ".,eJ,. :"
nmhlc and nr;v.to or",,;t' "' 0"P""'o' VI
=: " ". . p..,".o
,h,t r, 80 81 10 ~, .S,' w .so n:
m",.is c",,,;,,,a s In INV S"py v"ous
M aanorc ~ y rey',Isnn ''"'N' "'''' 0'''' "''
Ihc receipts, OF gold in large sums will only
hasteh thc coiiapsc anu make IT more disass
.fous "heh comes All the unhined gold
IN inc world would not restore public conti|
aence when once widely prostrated. We may.
ior years 10 on prosperously. All the future
may DO iuli OF PROMISE But pa,ics have been
Mn'Mn 10 .ahe Possessioh ol the pubic mind
"s ihs'anuiheously rs u summers cloud VIII
snut out inc midday sun. Tho immcdate
osuse 'M. - seon Or never eicariy shown' put fs
'"vo. - v,s ~ M''hcriug' Inc herald says;
neh crea't IN enormously inflated the
lIl"hc'ai anu mercahulc systems OF inc world
ao ~ al unhcai'hy' dsoased cohdition, and
oo,,n "a n'Sm @,S, NOV Mna. mo,nen. ~ my "ke am
acute iorm' anu prove fatal TO many whose
condition ea IEarticulary subjects them to Il; IN
s,..a'sc .,;' s,., ue "pp.9~c"mg s1cIt
III. ~ S %.ua l"pn. s'.n''S no one VINO
sa;, .vn, .'1u .t ssay Wase'ss sne cSpans'9h OIL
ian,, a 0 u, s;a% u, III sA.'".asacc, .he neat
snsc;ss or :n,la,',.a"n =" a' . us'ms s n'o svcry
dn,,,L, -: :.'.".r' Wv" :" ''u'cnp
n hcfrh, hai ,,io n,..,;,,'. r. \; I, ''., i'."f