Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-04-20
The exports Of Specie the port Of New York f the s
January the 18th Of April inclusive is reported
The New York, Herald Of The llth saws /:


The extraordinary coincidence Of stringent money market At
per in London, easy money market at in New
York, is naturally creating great deal Of financial
eiTces Hitherto money has usually been 2O per hgher
here than in London The Of this difference been
Vous In London the supply OF money has always been proper
onatey in Of the demand here the demand been
the supply There have always London more
people seeking Investments than substantial schemes seeking
money here on the contrary ahees IN want OF money have
always been numerous than capitalists in search Employ
ment for their means.
just though this state Of things which has e
listed long that financial authorities have come to consider
fixed fact and established condition, might eve
OF ehange Inc eAPlanauen gwen ~ the LOndsn papers OF
the existing strngency in the London money all
Iemely unsatisfactory. IL fact they do merit moments
aenon NO such reu a. are recorded could nave been pro
duced by the Savoy question, preparations setting
day. by the condition Of commercial affairs the
the stock market The advance in the rate Of interest
London and the demand for money the advance reported
by the Persia must have some deeper and more serious cause
than any Of these.
Without pretending solve the problem worthy
mark that the commercial relations between the United States and
me rest OF Tie world have altered materially since the crisis Of
1857 The annual contribution Of this country the worlds
sumption people States has in consequence
the economies paccd By the people OF the West and North
rather decreased than increased The aggregate mporaonB OF
the two years. 1858 and 1853 less than those Of S6
le5I-the aggregate explorations much larger.
Three cotton Of 30OOJ bales considered
very hanGsome the crop year over baes
difference SIS OOOU. product OF
he gold mines OF California three years large proportion
needed for here establishment banks
iects Of luxury establishing and the
export Of miscellaneous articles dry goods and
manufactures has doubled in the past years the other
money consuming enterprises, which millions
pedt every month. This drain has checked
sIroads are being built, canals very few steamers still
fewer ships Here great saving. might pursue
gumen to great lengths have probably enough
snow that since 1857 this country by reducing expenses
income has been gradually rising position
II creditor OF the world args II further evidence Of
TACT needed would be found the which
change Europe is selling and postpOnemen specie
shipments for ct least month beyond the date which they
usually begin Has reflected upon the consequences Of
change which should New and not London cen
ter OF the commercial world? II go DOING pro-
ouc more than we consume, spending but little here,
and supplying Europe with gold cotton South and
China with dry goods and silver, and all the world with provs
ions and kinds Of manufactures the exchanges rule
in favor Of this city, not against ameng consequences
would be some such in London witness