Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1859-10-10
9ailg IirgiaiatI.
Gold and silver.

The immensa specie movement Of the present
year attrncts increasing attention. Tho imports
and exports Of these metals in France. Great Brit.
ain, aud the U. States for the hrst six mouths of
tho present ysar were Us iollows:
Import: Import: 4; $ s:: ss; = S;
Eaco.. mp',. saa,iosooo slsa,ses
The Unitod States, from Boston and New York
aloneshipped nearly twenty-seven millions Of doll
lara in the first six months Of the present year.
That, however, which was shipped in the last half
OF July did not appear in the English returns for
the 6rst ak months, since II had not arrived. Tho
general result shows that In the aggregate France
and England absorb tho metals largely, while the
United States arc undergoing rapid deplotion.-
The United States Economist says that the exports
in the last two months have been over twenty mil
lions Of dollars. Tho English returns give seven
million seven hundred and seyenty-nine thous-
and, nine hundred and twenty.six dollars roeeis-
cd from the United States in tho first six months
of the present year, which leaves sixteen milonr,
nine hundred and one thousand seven hundred
and two dollars us the amount sent hence to tho
Continent and elsewhere, lf We divide tho silver
from the gold,we find tho movements to have been
follows:
France ssi,sei,eol 9e,ioosoo aa7as.ssi es4iaioi
'' D''" ;s.ss' tns: %;sS'. Hsss 'ssss 2Gl. 's's s
or the English imports Of silver, nineteen mil
lion eight hundred aud nine thousand ono hun
dred aud sixty-two dollars were from France which
would leave eighty-two million dollars Of silver
exported by France and England in six months.
vi that amount forty-two million seven hundred
ana foriyeight thousand three hundred and seven
ty-oue dollars went from England to Asiu. The
North "i Europe and Central America furnished
England with the balance of her import. Asia
absorbs n quantity of silver apparently equal to
tho whole production Of California aud Australia
in gold while France in tho last ak months hns
absorbed sixty seven million seven hundred thou
sand dollars worth of gold--more than equal to
the whole production of California and Australia
In the same six months tho United States have lost
twenty millions OF dollars moro than tho Califor-
MIA product. Taking the two metals together,
France is increasing her currency at the rate Of
scventy-two millions Of dollars u year, and the
United SAFES is losing nt tho rate OF fifty millions
of dollars per annum. This il o strange state Of
affairs. That tho United States should lcso tho
product Of California is not remarkable. but that
it should Lose double that amount while the pre-
MUM on gold is two per cent. in Chicago and st.
Louis, is remarkable. These aro important con.
siderations both to hnanciers and political econo-
misis. IL is singular that since the 1st Of Janun-
ry, 1855 France has lost ono hundred and fifty
million dollars of silver. and gained two hundred
and forty-three million dollars worth OF gold The
United States are estimated to have one hundred
million dollars of coin, and at the present rate of
export in two years they will not have dollar -
10 what extent is the drain to 60 onf