Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-01-13

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l:.,.y ;,1ut. ..'.I v"..".' ;';,"'''' So" a..
.-..t Il !..E-- uoh'n"5 AL fe'"t'c'' ~ 1'' -
oil ,Il ro u:y lose the advantages ot thu moro i".
dam nj III, precious metals, tor The P"fposo v.
s,aujur.l Lui We NUT lnsa the spec. s'thu'd om
tr in III. smaller exchanges Gt society. II Is eUou
,.I.i.r n. dollar gold pece manain itS piace ~
;r,ra,om and s,IIscr values i'll that metal can nH'u
10 n, us.d for cc,.. This vacuum mu'' thcn oe s"P
ni;.d by baIk notes OF the very worst h,''?, M
MT. IL smaller denominations. 81 inucii 10 ~
IN. f currrury affected by the facility wllh "h'o'
:. -. h cnrnt.d and liz convenience oi trhi'-PoI
,n, that there will always be dithGai'E !" aupt,!
ul The place Of small notes, with anything ou w.
-. ,bot nf iarg. notes with anything bur goi; 6
miro tL.n for this reason, the double sthuuH' ~
aid and silver; tu above all. do We require - -.
=. c,unt.rsct the tendency Oft the specia s'ahua'i
CONTRACT under the vast increase OF the SAiu' a;.
nrnnerty OF the world. Aud what hsrii' eau -
from any probable inci ease OF ',e ~ currency
IN IN. cnn,rsry a moro beneficial esentior the laue.
the industry the moral end pn!iIlca! coh".t'nn "a ~,
world could scarcely be imagined. vi MI the sio"'
effects produced UPON human soc.eay W ga IS
of America, there were pronhbly none ~ ua' a
Los hrnuybt about by the gsra, influx vi the precious
metals from the New World 10 The Old. European u,
dusry has peen declining under the decreasing STOCK
of precious metals aud al approaching stahu"'d Vi
vslur. Human ingenuity grew dull under lie pa
,np influences of declining profits anu capital alb
sorbed nearly ell that should have hee divided o.
tween il and labor But an Increase Of the precious
metals in SUCH quantities as 10 check this tendency,
operated as new motive powerer 20 The machinery
of commerce.. Production was stimulated by finding
hs advantages ri change in the standard upon lis
side. Instead of being repessed, by having 10 pay
more than il had stipulated for the USE OF capital, It
vas stimulated by paying less. Capsi, too, was
benefited, tor lew demands were created tor Il by
the new uses which general movement i'll industrial
pursuits had developed; 30 thar ii it lost little by
change 10 the STANDARD, II gained nuch more IN the
greater demand for its which added TO liz cApGci-
ties for production, and 10 lis real value Property
which hal been acquired by Tho strong arm, aid &C:
cumuatedi ia VIOLATION Of the great laws OF equity and
trade, by an slmJs, nssnsble transition, was tisr:bu
ted moro equally 10 society. Nature, under the ope
ration Of this liz great bankrupt law, as II by an IN
visible hand Oosencd tho bends -! the debtor, which
heretofore time had continually ;ghicnec aad dstr
buted 10 labor for purposes Of reproduction ana up
on equitable terms. capital which Olsrust end cgahy
had either locke up, or administered win 'oG
sperug hand. New Influences arose 10 society, and
Il impulse WAS gwen to liz movements. III thc
pres-nt stage OF the world NC may perhaps, no more
expect any event produce such RAPID transforms
tUus in soc;ery. BIZ: re nigh; reasonably lock :or
something like the same CCnGe: uGaces irou similar
event.
$40 afford he country the bcGeat, 10 SONS eHe;. OF
both metals u. n standard of value, il il proposed L.
diGn,h The quantity of silver IN tho hall dol6r aud
coin. OF sma!er denomination, by about o.sl per
cent"
SO clear. sighted and Jus; ;rasrly four years age
were the views Of th= Hon. L. il. ! Hunter, nLG
they prevailed far To procure the Da.sar o. ire
silver BILL which has operated so admirably dis tore
move eli Inconvenience in relation 10 curr.nry We
rrgre; ta. We have no; here room for the whole oil
thar admirable report. We may reiIark, however
that al the time Nr liuate. reported 20 the srnnr
hi, b! tho French Government neiI Commission
sad also the Dutch Government the ssGie SUBJECT
The French COinul:.iJu reported thar wa iheEie
dent 10 maze aug change, and the Du:ch Go'erh
ncnt abolished the o. gcld. The result has
been that ,ho.e ccuatrirs have ren @yO..e IN The
utmost difficulties irc;n winch they ESCAPE ony
by rr,racing .Ler strps, willie in III country he b
OF Mr.. uuutsr h.s worked Ia @ charm.