Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-10-12
money Prs..nre--Let che People ConaLderI

money EEtAauEN--LNA Nnf
TIE Macon, (Ga.) Journal and Messenger, aludes to
tbs views Of the Atlanta Ap,sricdH and Columbus En-
gsr in reference to the present s,rngency in the mon
e. market and adds 70 their truth and force in the fol-
lowing manner;
I'VE observe that the Atlanta American" Columbus
"Enquiler" and perhaps other journals attribute the
sirngercy in the money market the threatening as
rect OF our Federal relations. well informed gentle
nan attached to one OF the banks N this city recently
returned from the North, that capital there,
this time very sensitive and moreyed men are turn
ug the kew upon their vaults Emancipation OF possible
disruption and civil strife Is nOt this deplorable state
Of things And viii not every patriot labor with all his
might 70 calm the turbulence Of the storm which has
been raised BY selfish dsmagoguos and which threatens
the destruction Of free Institutions. IL is time for
the people - pause. They reading upon slumbCr-
ing Volcano
Commenting upon the above, our contemporary Of tie
Atlanta AnerieaH remarks that "Eithin one week the
rate Of discount advanced in New York, from TO per
cent per anaum, on all except frst class doW5lsname
siort DIpsr Names are closely scrutinized and
money is getting to be in demand. Less than
expected has been sold 20 the South collections have
been more difficult in this section, and houses in
the southern trade lettering while of the most
popular and supposed be among the strongest has
been compelled to solicit an extension.
With money lenders refusing TO opsrate-Banks cur
falling their discounts and the people drawing specie
from them TO hide away, what else could be expected
han pressure for money, and hard tmess Aud if
they continue, what will the consequence be' whOcan
t,us Where and in what will i, end II capital can
not be had or f improvements cease what to become
Of our hborers AID mechanics: Where will they get
employment. Who will want them Whatever effects
capital Affects business affects all kinds of improve
l,nts, and the price and the demand for labor. With
hold capital and business stagnates because no improve
euts are progressing BY which labor can procure the
means TO sustln business Cause and effect act aud
&C. in this matter with tremendous power.
Credit is sensitive plant, and capital is both timd
and cautious Very slight causes affect both. In Paris,
London and other great money eenters the rate Of in
teres hucuatcs with the raiOrs OF II this be
in regard TO wars between foreign nations, what ele
tlan the most deful fleets be looked for from civil
war accompanied with all the horrible eOncomitants of
serve irsurrection' Is il not to be expected that
aith the threatened election OF a sectional President,
aud tie threat Of prominent in public life that his
auguratiou viii be resisted even to a disruption OF the
Union, that capital should be Withdrawn from eeula-
ton, and al the terrible consequences apprehended
s ould follow.
All this boiling Of evil, this loss of confidence aud
growing i,trus are consequent upon the uatical spir-
&. which Is abroad IN che unon South rs well as North,
Dr which wi, have a sectional candidate in the South,
st aro,ber ia tie North tor the Presidency the sue
GEES of cih, OF ubich Involves Dsunion and Disuuiou
means civil ser,e and atricidal war, Of untold, uu-
.sgilsble horror aud Of UakuoEn, but certainly OF
prolonged duration. Who does not knOE and feel the
tore, o. Ibis, Who would not if he could avert itg-
AID Who dueI not htheye-aye, ksos-that &c this SEE
toral war a, eni, confidence would be restored
bt.iue,s revive aud the eoantry sglin become pros
porous.
This can he accomplished by the Soulh-all depends
oos upon tAs Sor,h The North is moving and moving
sa,sgetcaiy 10 prevent the success Of Black RepabH
clr,n. Much Is We regret % say it. Is usysr,Asses
uu,. that the Breckirrige wing OF the Democracy,
backed 3 and supported by the Administration and the
poser i, yields though ia oi-al patronage n,erposes
che creates, obstacles 20 this much-desrsa object la
che North Beckinriige oSy ncreAses Ijnsolu chances
b. taking votes isom Douglas and Be-in the South hr
keeps up unnecessary division, when il IS well known he
oiuuot by any possibility, carry oae-hird or even one
fourth OF the Southern electoral yotes let the South
arie on the Union tcke-le tie South rally to the sup
port Of Ben and Everett and the North will be strength
eusd in lis efforts their erection will be secured and the
country val be saved. None but egregious fools or ar
rant kusves believe tAAt John Bo Cannot be trusted, o.
that Constitutional question, Edward Everett = to
b. doubted suspected Douglas eanno: be eleesed-
Breckenridge eanuO, be elected because the friends Of
,le one rH 2ssuppori the Other but Bell may be- can
BE- by the cooperation Of either wing and Whenever the
South oan settle down uPoa The North 0iB elect Are
there not enough patriotic Democrats wh0 love country
ire than party the tide-.o settle this ques-
,i9n-slect me Union candidates-rose confidence ana
save the Union. We believe hero are"