Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-06-20
fho :o!oEiug table shows Tho course oil toe steel
mllkst alr.ac lhe nas: we. < aad mollh.

Stccks DO not vary much, though thegs seemed last
week De sounder appreciation al ;5t conciiOa o.
the country amoag holders Of stoCs tran hG heretofore
prevailed Ia,ge parcels OF cash stocks clme into tho
ma ket las week for sale. fhrs far the bulls have been
enabled by the OF money TO carry all tbe stock hAt
was of red but the load IL evidently becoming too
heavy Tor them 1liaois Central supplied 80 freely
IL fell at last week nearly seven per cent,
aud it is still desrer here than IN England. Every ding
else declined Though Lot to great an extent No
data exist upon which we can lOrm relaoe gu s. as
70 the prices which likely to rule hereafter In cur
sock market. The political and military crisis Il without
precedent in our history Neither the war oil lsf1 nor
thst of 1872 bears any comparison with the ciSi IN
which NE arc now embarked Neiher OF the two wac
n nscessariy fatal to internal Industry ard COM
merce Neither dislocated the joints OF trade As the
present Eer is doing Neither OF them placsd The
very existence OF the REP abc 10 jeopardy The prn-
cp,e commercial characteristics OF TIE war which has
nov began sre total destruction Of the enormous
trade between the North and The South repudia-
ton BY the South at large sun Of money varoosly
estimated at from sixty TO two hundred mulIons OF
dollars due 10 the North the compulsory failure Of the
bulk OF the great obbng and importing houses 10 whose
enterprise aud wealth the growth and prosperity OF New
York have been mainly due the probable Suspension OF
t5e bulk OF tie Northern baDk Ia consequence Of tho
wcrtl speps OF their 8ssesp, reduction OF from hy
seventy per cent in ioeign trade in consequence
CT the stopp.gs OF exports OF cotton rice and ioOaceo
on tho one hand and general dimlaaoa of consUmf-
ton on the other the destruonn OF the credi OF States
which have nearly two hundred millions Of bonds sholi
the Withdrawal )f nearly million OF men from produc
tive aercun raj industrial mercantile pufsniis, and
other employ men in he unproductye occupation o. war
isre and the creation for the hrst time 10 ous tory,
OF State and federal bis bearing portion the
debts Of the European moaarchies Thee are the ob
vous and certain features ot the war. la addition TO
these other and equally grave commercial complications
will arise should toe at the Sou'h lad 20 general
stampede OF negroes and so imperIl the future eGrcu
policy Of secret apathy win the Sou aud compel
tie Uuites ajes 10 declare war upon her
This condition of things is enriey that il is i'm
possible TO it, .fec upon our coHmtrcial 6utd
naacia interests We may be that these ell cts ~l
BE- severely disastrous but TO what extent the da.or
NAV spre .d or what interest will survive auid the
raj ruin Il il impossible discern. There
for believing that OF the most marked ohsugs which
are impe nding Will b. sudden urn In the mo"ey mar.
ket. With the exception ola brief period o pDic last
tun have had easy money market here ever since
the crisis II 1857. Tdis yeas especially the orChary
laws OF money seem 10 have been revel-ed W tsyo
imrcrted geld from Europe instead OF exporting IT, end
money has been en- aper ~ New York thsn L'udrn -
This anomaly caused by the moderation Oi orr In
ports, ard uou,raly large exports oi cotton brad
a. fs provisions, &;. II in D.cemb'r lass dxeharFo
d ruled il generally does our banks would
a. haze suspei before Ne" Year. We are bow
exporting no cotton, and from pies nj appearance
3 all export none uatl the U.ited States Army
restores the power oil the government ~ tne Iult
States which cannot bs before January rer u esrl
est Toe exports Of 70 'acco, lice, tarPenins naval
sto,es, 6c have ceased ke manner Is IL Dot res
onatle expect that this stcppge Of exports ua be-
or, long begin tell upon the exchargs a'kei, srd
revive shipments Of specie TO EuroPi Cea We eLpec5
TO go through July aud Angus; wittout lng Sith
some of our eods And when the drain doos b en how
can be check Z? The great staples which have here
tofore paid our debts Europe or. OF our reach
We have nothing left t. pay aih except gold and food.
win our banks able TO stind srch drain W tuf
red in 1855 1857, 1889 and 1850, withou: suspendng
specie paym,nt?
It he part of common to consider these roa,s
10 gool time. The country is united a. in sep
of the goverr ment, and nowhere Is loysy noEo
marked than smorg the commercial ard financial clsses
{ New York Every enc who Is competent to form an
paion is decid dy in favor Of prosecuting the war WITH
igor ard energy, no matter what the cost. Han mea'
ures noz would be fatal 10 the erd 10 Ae' "a
I'd TO the country than the sey,Test present. snheg
3ut at the time it Is right that hose snoog u "ho
interests stake shoud lcck the situation sguArey
the face, and dismiss all dtGsions as 70 ''s eopss
q .euces OF the contest in whict: are embarked.