American union. [volume] (Morgantown, Va. [W. Va.]) 1855-1859, 1859-03-04
COMMERCIAL iNTELLIGENCE.

There is greater ease in call loans,
the rate having fallen off one cent,
owing to disposition not to invest in
long paper. This arises from an i'm.
preston that money will be in greater
demand, and capitalists prefer Ioaning
at low rates from day to day, in order
to take advantage of any change that
may occur. The cheap money of the
past year, is felt in the large importa-
tons, the great advance in lots in the
nelghborhood of the Central Park, the
high price of American products, and
tho reductions in our exports.
An unexpected change has occurred
in the movements of produce vest
Wheat is going from Kentucky to
Chicago-tlour from Detroit to tho
West. .... ..... .....
ltappears that, in certain districts,
there is short supply, and instead of
the west sending produce to New York,
III payment Of her debts, it is required
to feed the people at home. So extern
sive is this demand, that Railroad
securities have been arrested in their
fall. Spectators see in this small cloud
a glimpse of hope, land have commenced
to buy and sell in anticipation. So
long rs the sales be confined 10 them
selves, no harm will be done, but if
outsiders come into the ring they will
be likely to lose some Of their feathers.
Any advance upon such a frail founda-
ton, can only be spasmodic, and certain
to result in loss to those buying. There
is nothing like seven per cent. on good
security. Take twenty years together
it is the best, and at tho same time
you avoid the risk of losing the origin
al capital.
Contradictory accounts come to US
in relation to the gold deposits lately
discovered on the eastern slope of tho
Rocky Mountains. Ill agree, how
ever, that gold exists there, and ex-
tcnsive preparations arc being made
to emigratc early in the spring. There
can be but little doubt that fifty to one
hundred thousand pcreons will leave
the Western States for this new Edo
RADIO. 1t may be SAID there is nothing
like gold. People will risk life and
health for it leave family and friends,
Undergo the greatest hardshps for the
possession of that which will command
the Injuries and comforts of life
Job says 'all that man hath will he
give for his life We may say in this
day, all that man that will he risk
for gold. Honest men labor to obtain
it, and rogues exhaust their ingenuity
to get it. Man is commanded to earn
his bread by the sweat Of his brow, but
this commandment is set aside by the
vicious, who seek support from the toll
Of others.
Adviecs from Washington give rca-
son to believe that Congress will au.
thoriso the reissue of Treasury Notes,
as relief, depending Upon theincreaso
OF duties to meet the expenses Of Gov
eminent. 1T is thought there will be
no change Of Tariff during the present
session. This is probably wise, as the
next Congress will come fresh from the
people, and can act more directly in
unison with their wishes. It is crit.
cal period in tho existence of this coun-
try, and wise councils only can guide
us to future greatness. The world is
continually changing, and if we arc to
be that great nation which destiny ap.
pears to have marked out for us, we
must change to meet the changes that
constantly occur around us. A few
years since, the stars and stripes float
cd triumphantly on every sea. Now
the British lion is ON track of the A.
ncrican Eagle, ard our national bird
isfeaying the sea in disgust while the
Bear of Russia has driven us from the
grain markets Of Europe. We arc
beaten on every side, and it becomes
the statesman to propose way for US
to escape the national degradation
which appears to await us. Three
years ago an American ship was hailed
as the pride Of the sen. Now John
Bull, by his iron ships and smoke stacks
is triumphing over us. Three years
ago American Wheat was sought after
IN the European markets; now foreign
Wheat can be brought to this country
and sold Mt profit. Take away our
Cotton, and VIC no longer have power
to maintain our position as CONNER.
sal patton. ~ " Nwatcle,