Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-10-18
Northern AdVIs,s.

The htrs. news itm New York exhibits . most re-
msrkabls ~Agit,tiou in tn money market. Gold, which,
in the morning papers OF the llb, vas quoted at $50,
brsposted il the evening papers Of the same day to
have risen TO lII. So sudden sad marked al advance
must have been caused By SOns powerful exciting
cause. 1. is tree that, tor some tine past there has
besn a steady advance in the price Of gOli-sbst is 10
say, . steady depreciation OF the currency; but this I'D
Vance vas regular, and BY no means spssmodic. Il
evidently dop,ndsd on the dsely Of public oorfisnce,
and the cCncoui'Aus abrasion Of the foundations Of
public credit. This Vas too pAlpAble At last to bs DE-
nisd. Efforts for a TINA we're made 20 delude the pub
lie into the belief thAs the depreciation Of the currency
VS. merely temporary; that il Un due TO transient
oAuIss, which would soon pass away. Bat these a.
tempts TO reGusC.ats confidence and 70 restore credit
we're soon Sblrdoned, and even the newspapers Atteriy
have come 10 look upon the c~runbling financial ediace
with 4 sort Of ~desparins resignation. 1. vas evident that
the time had arrived when the aimsy structure Of
Northern credit, based upon an equally dinsy confidence,
bad commenced to fl away, and that 40 human efforts
could permanently ares: tie process ofdestructiop. Bot,
81 We have said, this process vas gradual and regulAr.
Il went on from day 70 day With slow and even steps,
coming all tie TIM nearer 20 the 6lA aud, perhaps,
20. distant elas:ropAe. I, vAs, therefore, scarcely TO
Be anticipated tls- Ia one day a Kiss Ct three per cent.
10 the PSesO god you'd take place. So great and sud
den a 0alnSs ms. hare oesn eff e.ed By = rude and
powerful Shock.
We are lef, IN .hs absence Of any expiration in t5e
SoT;ier1 paper, 20 account for the e.rcums,srce, ty
thu theory OF sore isgt-1us news. known, perhaps, &c
& nnmoer o. Interested per5oHs. bu. stu3.ously KIP. coz
oAh'd fron -5e pubic. Tbs view is strengthened By
va: appeared 20 BE- lie s.uiied slsree OF tue messy
psrs eo2ear-i-- .117rPl. uii:,ry movements, vh;el
~ kaOE % aars bsea ia p-og-e's ia kentucky. Ia,
Nor;a-ra Fs7.r o. The : b tsi co--s-e5 telegram
IRON tas We. -s7srtl; , 5.aIs az Per,Jv-e. vic
~ by taslr .e-.-- iaIs.c-u.1l.e 10 rs ssa-Ec.e--
Tao pi1e-5 o. .e I'm a--lv-ss a grel. v.ao5y G..
Bagl oy-- Beg. al j-sSr ,la C5aeJJ-a.e aru7 60
b,Ts os-a a.a5. e~1trsly Destroyed. AID y,t thea
~ts!ssc1ns Ue,r surrounded ia IL atmoso5sr OF G-.
as.er. Csimrg 5 s.,7y, ,-ey b;eA.hsd defeat ir Every
Inc. No olz c)ull rad Asm xi,hOut cou:-s to re
SonauziJl a.. ae ;sg.a Eas jl; the reverse Of the
published ss.susuus. 50 pain uss tbs thai. he puzzle
here, frCn s Usrugl Of hes, ve-y kilograms. fully e1.
oso.c3 20 heA- o : Coafedsaas victory. Moreover, tie
sAle1ea, thA. military e~Iigeoeiss required the s1pprss.
sion Of details vas not a. al calculated TO inspire corR
dsnes n the Northern accounts. Tas mex. dates TIE,
oAns to hand we're Up to ib1 u h Inclusive. Bat there
tsa hiatus OF tA-cs days ia the X Z aczy cers. No.h.
log more il said Of tie rsp1ned detel. c. Bagss ann.
nor are there any further accounts Of military opera.
iona Indeed, 4; l. iutmI.sd that there had no. been
any aSharg siacs lbs sh instant, the day Of the battle
Of P~srryVhls. The Northern public seemed 70 be totally
In The dirk a. % events IL & a,uckv. Ys:, on the lI.r-
gold s~udisaly rosa tarss per cent. From these c:rcum.
Stances Aole, i: would be reasonable to iafs- TIA, some
disas'er had bsfLlsa the Federal army. Nor are We
Wiaou. Information j~lsttiyi1g this opinion. While the
EsW York ard o;hss EIs.sra papers m~Aiotliued a eau
ao1s aud %s1'oic.rui silence, perhaps under tie censor
ship OF the " ~,sl.lssoa Government tho CilcinnA,i pa.
per-. which have AEAys bsen boiler aud more defan,
Of authority as !oJg aSO a. the lIih, published full s-
souna Of = great battle OF the IA bsIueen Bragg and
Bisl, 10 which 3asl had been disastrous y defeated and
driven aeros the Kentucky river, vigorously pursued BY
MS adversary. These papers have not yet been received
here, bli tEO distiac. t~slegrAns f;on the sou.hves. in.
form "a OF their receipt aud Of the nature Of their cen
tents. Ia the ~meaaina inform alton in Dispatches from
k1oETLe, Cun5erlud Gap Aad hurfresboro' confirms
these statements, and assures u Ia. in al the battles, the
Confederate forces had gaiUed splendid Victories. Hence
Ne 20 longer entertain 4 dOuo. tha: our K,ntucky army
ha1 gained a brilliant and, perhaps a decisive triumph.