The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-22

~ compute the amount Of money oocstuec e Ot Asso
~sr, and 81 the same tine 10 resiiEe, rosse'e ire
fact thai the trace Of Le world s1aer te ssrceaee o.
the enormocs productions rold Lss srsu dcre'ed
IN the sAor space Of ye&re. sco,o ssosr'tses o.
every E.pd anc description amounting 70 n0DdSeds o.
DifcpE, hsve the raao arc Inis Eoc,
instead Of Accommodating tie vssas o. oey osraint %
stUons and ether institutions OF ered:i 70 DC ntde
available for the purross OF ardng proper support 20
such edit system, Lies disappeared as last
W appeared, having been rwaoged up by The demand
from the East ana Sss gene into bands from wnSs u
never viii be returned. II Lac tolna ts wty ao tue
pockets Of the people, who have become SICK OF ae pa
per money paper promises 10 Pay Of ssocs corpora
tons. kss been EoASied by Atnoussnss Of d'sssss-
ted Individuals. who on every side cernin evden-
ces Of violent changes either through the dangers Of pc
toal revolutions revaIsions reeucg IRON cnsreiai
and conmercs, bankruptcy.
We have ne hesitation IN expressing cur belief In
reduction IN the value Of money and We believe ~ The
fame time IN . reduction IN the value OF everything
else but first 10 have such rates for money 50
vii. be 10 produce the reaction in everything else
ruling at p-ces tar oeyond the ability Of the com
rnun.y 10 support. Money must continue 20 advance 10
value in England and upon the Continent for months 10
1t Will command rates ecuay high Il not higher, 10
this county. When ,caool c hnanciers begin 10
realize this truth, banks win cease to expand. they
will diminish their accommodations as . mesns o. safety
TO themselves The process Of liquidation viii then com
Eerce and VIII prevail mort extensively on both rdes OF
the Atlantic. There new Deana by which sacb
alternative be prevented. 1t Is the inevsose 70
suit Of lhe wlcb the entire com
muny have INDUCED fince the discovery AMI ecbse
quent yield Of the gold mines Of California and Australia
II arc correc. in the facts which present and
In the conclusions which arrive al, the pubic
deter nell Una q Is.ctk
are to be produced upon the value Of property
sgAnst which We have for long Of me IN
cesspRly warned them We have always been partcu
lar corsne cur having sach tendency the
oerent Of tho specua,or tor The profit and adsan
tage OF the ouide bond and ssockbosder snd We have
the satisfaction Of knowing that single case fer
long period Of years, have been nis,asen ssifal
pancierng, with bold reckless speculation may for
& deferred the reeua predicted, bu. sn,ici
pstors in the end been realized and our position
fully indicated. When the stocks Of tie Hudson River
Railroad Company, the Erie, the Harlem the Norwich
and Worceser, and many oilers nov scarcely though.
Of ruled from thirty to fifty per cert, and come even as
high two and three hundred per cent beyond rates
now current the market held up their daily history
for public exAmir alton, demonstrated beyond he
possibility 0. 3 doubt their inevitable destiny. specS-
laors and speculation defeated for time the effects Of
facts and figures, bat the truth ultimately prevailed,
and they the Stock Exchange TO fornh u
all The evidence desire the ccyrectress OF
course.
The direct foreign export Of specie from this port last
week ony to limited extent, AZ will be ecen by The
following table