Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1857-10-23

THE rpo,,,, - ~ LoAdos Ner., Sept. 10
IN Tue THREE GREAT MONEY
tn. AHksrs OF THE WORLD.
a., announcement u Bank and Railroad manic \,
1e o"'sd Ss.ies 10 peculiar, v,,s. :, a..
'"e'' Wien % dcprsssipr a. |, ss.ns. \. s,.,c,,.J
commercial and noaesar, .rr. IN ,b. eoup,r, b,
-"eap'ed revolution In Indi. aud when ,,,u rrcs,e,
g. ,s' n<sarce. lis mos, unusua, circums,apce
,s.. ssA'ess mooey markets Of the world to be
stricken. Ia Rasiaad ho~erer, the
merely the qsie Of eautior -, France !, ye,lt,
ron nna"e'ai erhaason eon.,os..t .po. ,r,v;o.,i,
,,srx r.p.rs Ia dmsrei the situation presents
10 fAa an ffanee bsf ifA tAis
oy,L:. -. ne roffennssf aearer hs snrface
",ne.. we have loog been familiar with the de.pe-
" 'ne american Spectator get rich. That
n,,ore s h. oese, exeavagsnce seems to be Law OF
r...,, A' ,s hgnuy earned is lightly spent. The
rs sn.sed in that reckessly prousc style Of liv
"'en forms 40 striking feature Of society both In
cc' nv Ne~ osk We In London quite sober by
- -, ror the root of all this must look main
'asinues Afforded 10 speculation by the modern ma.
o JOINT stock enterprise especially the direction OF
ans h,g'and, we may hope, has passed through her
Pe "is and The lesson has beeu bitter there
no' Tue ssh'cst fear 81 her sgan exceeding prudent
m ios avery long period In fact he mere men.
u " proposal Tor the construction OF railways
stn'h these isiands IL sufficient make capitalists
button up their pockets in haste unless liberal euaran.
~ iron po~e'fal country, some similar exceptional
huueement' be held out. Subscribers in England viii
scatter the'r money TO the Jour Winds Of heaven
nct raways Tor any cvised nation Of the EARTH but
the lea OF making fresh railways home after the ex.
peenee already gained they utterly scout The OF
this experience is such proportion Of the fsOo 600 900
sterling aud ards already xpended has bean abo
utely ~asted and vast sum tis propoeou representa-
Other countries have yet pay Tor their railroad per
ence the p,ice will probably In many Ia
high one OF late years France has been repeatedly ON
the Of serious financial
vesing largely in earth vosks In America the es
Enlistment Of the railway sy0em has led to periodically
prcscut Amtfrcz,rs ,r;.-- Ia
made their railways too quickly ye, how often do hear
them contrasting the number OF miles In the
81 ates With those executed by Europe and Boosting of
The superior energy and enterprise ct their feo scounry
men, Alter making aouance Tor the comparatively Low
suncient to induce an apprehensioH that young
munity like the United Stats whose moneyed capacity
"a yet lar below that OF Engand France has the
seed, OF tho present difficulty through undue haste in rail-
wsv construction.
But this only part OF the ev. Alter the American rail
ways have been completed the stockholders, has aso
happened in England have exhibited censurable degree
o 1pathy oy lhruSrnS the NAN nent, IN many cases.
TO men OF strongly prononnced speculative tendencies
under whose guidance peousy lax system OF accounts
has grown up. Hence has aisen large mass Of float
ing Ieot Calling Tor renewal periodically, whatever may
De the state OF the money market Al period oil pau
&c Ike the present, there s consequently, complete
scramble for money ON the part OF such railway compa
MES NJ may happen to want funds to meet liabilities fall
ing due. What can be Imagined more decreditabls
tie whole American raSay nterss; than the des
coed by the last mail OF he entire financial metropolis
pdting, al trembling impotence, TO learn hehsr one
Of the Lr1d.o rdiirV con- tDofb. abL, ia og,o
from the BANKERS money efficient 10 .sebayo, N, ;tr
sst on its bonds singular sight we shouIi think il in
England TO see a crown of London and Nottbwa.,.,n
Railway proprieters bessging the door OF Messrs GIyns
bank on the tpos OF 10 learn n thai
firm would condcscnd to cav the interest on The con,
nys debrnures The financial blots of E,pl.h r,,Iay
frequently call Tor tho of the pres
but shrink ngni6cance compared with those pre.
sened and passed by without comment on the other side
Of the Atlantic Tn. fact ia the who'll, s,.,on, "a li