Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-07-15

o.yeo of tee or coffee or feu packages OF slAs 20
b.f In et Rod Il our only substantial resources pre-
sent To What premium may gold be fairy eIpectso 10
rseg What, II any, steps sh@ul1 Dc lAAen W PreHe.'
hs SsDreoaou of the currency which Is proceeding 80
r,Didlvf WHAT OF silver which has risen 70 seven or
sieht nsr cent premium, and is Rapidly disappearing
tom circnation These are the problems OF the day.
VIII regard the first II Is not likely that, in an ord-
nnrV ate 81 trade gold far eICead our IT.
.i6,s from California drain the country Of COIN
o exports of produce are large our imports, esPe'
Nv aftsr the tariff goes into operation, VIII Do
IN Il The chief m oriune is that the steady ad-
nee in gold 10 leading every mercantile man 10
D oteet himself sRanst the further depreciation OF
The currel CT by purchases Of bullion. People who
h,vs intention, whatever OF exporting com, ana VINO
co NOT owe dollar in Europe, arc tuying twenty, my
or hu0drvd thousand dollars OF gold, IN order that II
the eurr nsy should fall to twenty tive per cent discount
t,ey shall have something compensate them Tor the
o. they viii make On their bills receivable The ad'
vance thus caused in the market price OF geld reacs
upoa the foreign merchant who owes money 10 EUROPE
and Uao knows tost he is expected 10 pay IN god what
ever il may be worth here He toe, becomes charmed
AZ the rapid movement and buys gold a. twelve pr cent,
because 6s fears that If he waits Re may bave 70 pay
tsenty Ave The fundamental principles OF trade are
a sAdy violated by tne present advance OF colu when
Is 10 large supply here and for which the legitimate DE-
ma Il or should be- very light Bat, when mems fears
Are olsed il Is idle to tkeorz upon abstract phi pes.
lis tseess 10 colced the lac. that within the past
day or t1othSl say Stree the late movement CT
Gan Mcclellan snd the late call for troops-people are
much mere generally agpr bersiEe OF su active Ad'ace
In Gle tian they were before and that very many o.
then are ae,irg upon the apprehension. With regard
to he possibility Of checking the movement in specie
oy Es.atiYe iuIeTiereI oe, o,iOu vii satisfy every
one taat az all sveut FAR I'D ia concerned tcan
not Ss done Al eIpoTS duty coin would DO uuooL-
stutonAl Al embargo Upol sh5 e1por. Of gold S,uie
"a the krs; place susSk of padishoa; l. would l. ire
the Pablo credi, fa;aly ard would nfiltby leat 10
hoardig here Il would problby cause gold 10 advance
eco or tSsuty per cent in 'eIy few DAYS An eu-
orgo upon me Iport Of silver might b tried - We arr
no pro 'srs OF The Aruce, ana An GU ware ~ OF oil
We -hc 1, IN niueHt OGd cause great emos rAssuenS
Tor want ui ctaI &c NJ. hunters .mous law degrsdtg
yer "a rv1,y below the cid MINT standard, -
,sai pr the CXpcEIaloH OF silver COLE
m r cent prem un on SILVER ce;esls h. orJ If terJ
~ s1o lrS ssis ion would Los be incoys7tent VIII
81 rae polcs But % s"Cui3t 10 IN eSie-s Win 10
$50. L sos -Cg,l i.,vlatly produce ntS.ieL y,
ul.. &C.. !. 'asc ,Ere Q, r-slt Il Nc coh''u 20 S.
--o.d ID, r 'uur mil lps a " * CT gold = ~ 10
pre- 1t ur o. gr, he uuuy vii grow riel ~ t-r
gula U. Cl''j though ics 're uno toe N Z. may O.
% Del reca.c -4, cILrz-oy AID u-soite Vsljss