The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-08-31
specie - InAia.

Inc last foreign arrival brought the in
telligence Of the disturbance OF the English
money market BY the transport Of heavy
sums OF specie to India. Az consequence
the noney-mongsrs Of New York are timid,
and they are watching with anxiety the flow
and volume Of this precious current to bar
bsric India. But, though India is the tabled
source Of wealth, the precious metals have
been tending thithsrward steadily these
many years. Silver, especially, has been
doubling the Cape Of Good Hope in heavy
bulk with every lndiaman bound eastward.
and Il 10 estimated that nearly $500, ooo, 900
OF it has been transferred to that region
within the last seven years.
Its curious fact that this great amount
Of wealth 10 mot employed in India, A. 10 the
civilized portions Of the world, or among
almost any grade or character Of people
elsewhere, for any useful pu, pose. Its influx
10 not felt in commercial transactions at all.
IL 10 either fabricated into ornaments flor
which the lowest aud poorest will employ his
last rupee) or boarded up. The two pas.
sions Of that people are love Of personal
ornament and IN inclination to hoard nm
wealth. Silver, gold and precious stones
they Will move heaven and earth to procure
and preserve, for the mere love Of their nos
session. For years, generations, centuries,
and frequently for centuries on centuries the
same ornAments will remain In the same
families, the pride and glory thereof, and
the same coins and precious stones will lie
hesped up and untouched in the treasure
houses ..of their princes. When Give de-
feated Sursjah Dowlah, aud was shown
through the treasury Of Moorsheda bad, with
therequestto appropriatewhatsver he wished,
he Wa astonished q. the incredible wealth
hoardeiup by the Nabob Of Bengal; and it was
still another source Of amusement to reflect
how long the chief proportion Of it had lain
there undisturbed. Says Macaulay, ssthere
"might be detected the forins and byzant,
with which, before any European ship had
stunned the Cape Of Good Hope, the yenitian.
''purchased the stuhs and spices Of the East. ),
Ana the treasures of medieval Europe were
heapsd upon piles already begun. Give took
strife, mere trife to be taken from such
ssorehouse, and yet enough to make him yer,
rich. And when he Was subsequently i'm.
psached before the British Parliament fol
plundsring the Indian people, while plead.
Ing bis own cause, his memory running bacl
70 those enormous piles Of jewels and gold
among which he had walked, he exclaimed
by Cd, Mr.. Speaker, at this moment
- anased At my own moderation" Thi,
passion for boarding still continues; and
though their public treasures and their pri.
vate houses have been often plundcred and
their contents distributed over the world, va
the tendency il still to concentrate and con
csal upon that distant soil the wealth OF III,
world, and their foreign rulers, while the,
maintain peace with them and carry ava,
their rich and coveted productions, must re.
pay them with gems and gold Of which ii,
oaly use they make il to decorate their per.
sons and hide them 10 their vaults.
MoxrrAxr.--Jacob Little has resumed hi,
place IN the Brokers' Board, a. New
York. The failure Of Chamberlain a He,
ser, engaged IN the California trade, il an
noaAosd. Financial matters assumed I In
tie brpss tone on Friday. Last Tuesda,
~ crashing time with railroads.
~ts 81: ss>s;.--::::.s: .c., oE issm 10 !. De
csat. Thae sss siasle day !--and i. va.
H. Illisois CsaAssl thAt Tell IA! The Her
~, speaking u M operations q that day
says:
ssThs eree$ fall to-day was the FIRST e6ec
~ lasne 3ailasss bat q these failures le
leose 49, Qaantitiss Of railroad stocks
yhieh Dont - sold, no ono can form an,
Id y ~ aselise in market value that mus
folleW.s
no1ih H1Ali - 'sbear," whose basi
Bss y y " - ae0n atpsks, and that fsc
4 $500 1assins SelGhA