The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-08-05
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The country does hold with any very great
degree of vgor there being manifest disposition TO await
We hope that the difficulties abroad well as the
reflex of recently developed deacaons produce lower
prices The harvest not altogether satisfactory
northern France and England, and renewed failure,
when the markets destitute of old wheat would give
further check TO the consumption of goods and by SO do
ing affect prices greatly in the face OF abundant raw mate
rails The ndsposition invest capital and to part with 1t
only with the utmost caution is seized upon by the tar
papers instrument of attack upon the commercial policy
of the The New York Tribune after ascrbing
present difficulties the tariff of 1916, remarks edtoray
The m-owner, when he that his head of water is
falling and his diminishing searches carefully for the
makes the mare go as that makes the mill CO. aud
quite to stop the leak through thh the gold
nent in direction would be effective in the
other. Is this however, attempted TO De done
Vnev j. seen 10 be becoming almost difficulty
about security is becoming great that the best mort
cages offered large discounts in all parts OF the coun
tain at any price whatsoever this of things
lead to inquiry among our senators and
upon the which depends the of the
value property the demand for labor and of the credit
of the country 2?
Now the commercial column of the Tribune smutane-
ously reports follows:
Money is still abundant such securities capt.
tas viii receive and loans have been made to-day at 5
cent? and in one instance as low as per cent? on gov
stock. The current rate is however per cent
choicest coatera with favorite note Frst-class
commercial paper is wanted, and is not plenty"
So much "bccomlng unattalnaDie. Inc edi-
toria theory crushed by the simple facts of the
cal report 1t is however, be borne in mind that the ed
promptc, only by political without having
for his guide any knowledge of the difference between capi
ta oney." The latter be abundant and the
former very scarce the former be abundant without
suciency the latter which is the medium by which is
circulated Again both may be abundant they
doubtedy are, with general ndispostion through panic
fears embark in enterprise The velocity with which cap
al circulated eighteen months since has gradually
hsph siu,v thnox IN
Tribune attributes apparent dcues the export of
ney consequence of low tariff making it thereby unnt-
anabe and appeals piteou to senators and representa-
tves s'stop the leak. IL look into the facts
shall find money has been exported that very large
quantity has manufactured and retained the country
during the past months BY money understood gold
silver by the from the
materials furnished the mines and by An ngot
of gold is money than pig of iron Isl
Both are deliberately manufactured from the material
Under Mr. Hunters BILL the government has bought silver
and manufactured small coin California has fur
nished the last months 900 of gold from
which government has manufactured large Of gold
money, and portion of the remaining material has
been exported The exports from the port Of New York for
seven months ending yesterday are as follows
United States gold coin and specie s3,Sl5,ss9
Foreign gold coins sOO,376
Foreign Silver coins 1922, AGO
Total exports of ''money' from January to
August o,lzo,oo4
In addition this noney there has been exported sl4,
81 of bars material for money 1t will be observed
exported foreign coins which not legal tender
''money" in the United States amount to $l22s36.
been brought by immigrants collected by bull
lion dealers and resod for export Now the quantity of
money Philadelphia alone in the period
as compared with exports of United States money
follows
Coined. Exported Excess
coined.
Gold $ls,sso,l7s sa,G45,939 s9,9l4, 2s9
Silver 4,l20,l00 356,7S9 3,763,3ll
r.t,l ,o;r II $50 1Ta OO2. 72S 1867. $50