The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-08-05
Coined. Exported. Excess
coined.
Gold Sl356ol7s S3,645939 So ,239
Silver 4l2Ol0O 356,7s9 3,7633ll
Total coin l76s027s 4,OO2,72s 1857 $50
Rars cast l2O71 ,270 l473S,37l

Now appears that so far from the ''oozing out Of
money! the escaping of gold to "become unatain
able" there has been in months SIS 1850 more
money manufactured Philadelphia alone than has been
exported Sc $780, gold and S3,500,o 900 sill
ver The reports monthly that it has plenty of coin
on hand and that deposters do not want money but pre-
fer ngots export This raw material of money arriving
from California and San Francisco in bars company with
bars goes abroad for sale to those who wish to
manufacture money does cotton to those who wish to
make cloththe coin factories here making $2000000
month which ponr into crcnlation and there now $780,
900 900 more of this money" in circulation than fifteen
months since when money cheaper than The in
terror the country in all that time has sold its crops to ad
vantage food has risen in value and of it has been
of the country to exchange for foreign floating CAPT
tall In 1852 the United States sold ls,6606s6 bushels OF
wheat for 1853 they sold 80 900 bushels
for about which would represent increase of
$50 agricultural capital from that means alone If
the that capital do not choose to lend
SCHUYLER shares, Crane stock, Kyle scrps, how
can that hesitation be charged upon the tariff 1892 1t 10
no doubt the that when Mr. Corwin lent millions of
United States money Simeon Draper, the ppeayer,
security of bubble railroad bonds, the Tribune editors
money much easier than now when under the
money head reported commercial paper wanted and
not plenty" Certainly people have imported too much
and ruined because of their mportaton capitalists do
wrong take their paper in preference to he best
mortgages in the country" at Charge discounts 1t is an
extraordinary faculty of those who ruined by buying
much under low tariff that they continue to buy and
ruin themselves by exporting coin long after it
supposed been utterly exhausted We have been
going TO under the present tariff eight and
singular instance of the faculty of the country to ruin it.
SELF take following from the Tribune, November 1872
after three years Of the tariff of 1876:
"sTnApIsG BORROWED CAPITAL During the ten
months just closed Of the the of
with the months OF the preceding
n follows
Imported more than last year $sOs0 900
Exported lest than last $500, 900
Total 1850, 900
sshis according free trade logic, Is most delightful
summing up. WI have much value in the country
than we should had had bought only much
we Sold Unucky for that logic this value is NOT in the
country have eaten and drank it up it out and
otherwise consumed it, while labor which should have
produced has stood idle for want of employment And
while the rone has disappeared the obligation to poy for it
remains.
Considering that the vate had disappeared five
while our slabor then ''idle"yery lsborous
Kind of labor cerainywe have this faculty of continuing
to be ruined a very extraordinary extent.
Money continues be gradually freely ocredin-
deed the payments into bank far less than they
The ccarngs of the past week less than for
months The bank returns as follows
York City Banks.
arinuG ncpOu