Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1859-11-05
The Gold OF California.

II the times were not out Of Joint and public aifs
not entirey In the hands of incompetent men, We
might hope that the coming Congress would do some
thing the foies of commercial and currency
Pystems. Surely country threw away the
hounes Of Providence this Of ours has done-and in
nothing perhaps strkingy than in the policy W.
have pursued towards California. Four hundred and
twenty eight million dollars worth gold has been taken
In nine years and the foreign export Of precious
metal during tia, time has exceeded the import 10y three
hundred aud millons-that is nearly seventy five
per cent of the California gold enrches other nations in
stead Of this where il produced, hat about twenty
hive per OF it remaining in American hands and
this specie exhaustion still continues and morr
rapidly than during the current wear The gold which
asvAge climes produce which the negroes of Africa dig
passes from them in the in exchange for
features and does enrich their country The gold OF
California pours OF the country the thousand leaks
which international policy suffers to drain it, going
the enrichment Of other ratons and the mpoy ers
OF this, which would be speedily exhausted and
bankrupt but for the good turn which best bower
the crop in bringing back enough money
from abroad keep heads above water. weexport
surplus import and production OF three hundred
millions of gold, and the money is gone from the
tTy where's f 1t compelled stay here and the
proceeds Of its investment exported instead the country
would only retain the capital but add the value
the exports which iis investment produced and the bal
Of foreign trade would be in avor in place
OF being vastly against il and GETTING heavier
from year to year.
How much richer does California gold make the
country California mail arrives with million
dollars which the miners that FL Dorado have unearL
ed. The telegraph announces the receipt in flaming
hendletcfs "slOOOOOO in gold" aud the reader per
With qualification announcement which shows
th, 10. country million dollars richer In anoth.
81 coiuuE of u same paper he may note unostenta-
NCny set forth, the -hipinent OF million of dollars
hy European steamer, and il he thinks all about it.
he Rejects that sits all right-we have received gn:d
pro qo Tor this money which fully represents its value
and tue country has lost nothing But what the MS
ture OF this gdyro qUo which ia as good as money ;"
1t consists of merchandise, manufactured articles a.
most entirely and may be las good money" 80 far as
the immediate holders concerned but is million do.
lrs worth Of psIi-hsble goods valuable TO the conn
Try large as the 81 100000 cash. which has gone
60 pay for them be divided amoug the people of other
nations and added to the operative capital invested in
manuac cries which we support, and whose commercial
aad industrial interests wealth susiains cost
Wodd it be better divide the million of dollar
among our own people, it would be were the manu-.
facturc of the imported articles which pay the money
out for encouraged by proper policy OF international
commercial relations.
Every year shows balance OF many millions against
u.s. aud by just so much i'll this country poorer and Others
richer. The miners OF California are digging GOLD for
the pockets of the Eugishmeu, Frenchmeu, Germans
and the other thrifty people of the world whose Govern
ments look ser the Interests OF citizens. We manage
10 keep up toleraby, crisis reputation occasionally
coming 10 our assistance to rub portion of the bal
suce against and that mercantile interests are en-
abled so quickly and pbenI-like TO resume their
TGously prosperous condition is due the cotton crop
Of the South and few other minor staples which bring
back portion Of the money spend so layishy for
manufactures, while the gold crop OF California aena
tcdin assisting 10 paw Oft our balances