The daily union., 1856-01-17

In both States the been very large amounting
90 per the valuation OF lsA9 The return
gave the assessed value all the states in 1850
4UT and it also return OF the "true value, making
it ST. sos l2G s23 Included in that the New York
trus value at 81 800 49, S3G5, 600 than
the then assessed value The assessed value $780,
900 greater than the then trne value. All the States
have increased the ratio bave these At
lantic States. II estimate that they have all increased
bnt 40 per upon the assessed value given by the
then the increase has been During this
period the o gold the United States from Caor
MIA has been ooo showing that bs assessed prop
ery of the Union has increased ten times much the In
gold The increase Of assessed value in New York
alone three times the increase gold With this
OF valuation, production, population travel and traffic have
kept and the combined result IL increased demand
for for business purposes faster than M supply IL
probable that the influence Of the by checking
prise and speculation has prevented disastrous
state OF aHarthat say less floating capital has been
converted into liked capital, while at the tune the in
floating capital has been very greaa circumstance
which enable the producers TO larger portion
OF what they produced than usual BY interchange In this
very large buness n generally looked TOR, and the
importation of goods exceeds all precedent The
idea entertained in Europe that the American markets
active and lucrative time when famine and bear
heavily upon consumption there, will large consgn
men and the trade has already become cautious of the m
turc The mporatons this port for the first weeks
Of January <S5, aganst o6o same period
last year. These supplies indicate low prices and forced
spring business by inducing country dealers to hold back
hopes Of lower prices The high prices which rule for
most commodities bar To activity In trade particularly
in provisions and bread.tu since holders positive Of
better prices and buy than
through fears Of fa The manufacturers sso opera
ting pfudeny since they look for lower rates for mate
as by over-suppy and in hopes Of removal OF
duties from materials, in accordance with the just
ommendaton Of the Secretary of the Treasury The pros
pect OF decline Ia materials accompanied By fall in
prtc m
manufacturer Notwithstanding the high rates Of duties
imports, the quantities Of goods received very
large Influenced In the main by the principle set forth
by the Secretary OF tho Treasury in bis annual
por,vizi the redundancy Of currency here compared
with the nations With whom deal and that through
toe multiplication OF pspor money, The famine and the
have caused great contraction Of the currency OF
commerce, both in France and England In fact in Eng
land the contraction OF the currency undertaken by the
bank with the svowod purpose Of reducing prices OF certain
articles to prevent their import Such state Of affairs
usually forces contraction upon corresponding countries In
this view the remarks Of the Secretary In relation to the
ulson OF bank paper here emnenty Just and sound,
SINCE when prices falling England under contract
currency speculative State banks permitted TO null
py paper dollars any extent thereby raising prices
they fall abroad disastrous influx Of goods in exchange
for specie Inevitably ows ruinous alike to dealers and
manufacturers Tbis proposition, plain and often Illus
sted In commercial history and forming of the
elements In financial management Mr.. Greeley, with that
amusing sefucienoy for which he is conspicuous, de
"nether true g. for, he II
bardmoney Turkey would undsrse England, (which In
the main is psper-money country That is 70 say the
difference in the circulating medium would confer upon
Turkey the large experience great manufacturing and
obapcal skill ndomitsble eney, untirng industry, and
scientific all Of which, combined with the possession
Of large capital enables England produce goods for the
markets Of the world Neither the Secretary Of the Treasu
y other person advanced the idea that the
session Of gold coins would enable savage sell
the Injuries Of life cheaper than those In whom
knowledge Of all the sciences has combined perfect the
greatest manufacturing skill When, however two nations
equal skin, abilities natural and abundance Of
capital. deal together that which keeps currency the
uniform and sonndthat say the specie
standsrd-ill have advantage the other The
ted Stscs being the Of England the Secretary wisely
advises the Mr. Greeley forthwith, with
that profound and sasurces ssgsct of which
believes himself be the great inbcdment n ef
feet Thi- so it we're, Guinea nggerr would have
steam engines and California indiana have msnufsc
tored point Lace He asserts further that the Tribune had
stated this before and consequently that all the world knows
H. including the Secreary bence nothing but the most un
bbaa dishonesty could prompt the nttersnce Of hing
the sry. Ibe paper currency Of England which
exports $500 600 per consists Of shoat
900 Of paper notes. OF them less than S2s each The
paper currency OF the United States which exports $780,
ooo 900 per annum round numbers $500 600 ooonsary
Az In notes under IS Jet Mr. Greeley does not scrups 70