Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-07-26

Gold Is the only commercial and cosmopolitan ourren.
cy The Yankee Stats owe 81 immense debt 70 for
sign nsdons-to GseAt Britain alone according to the
Me- YCFS HHad not less than al hundred millions Of
dollars This neadfs stocks well a. debts, but these
eater fairly into the c0mputAEonsuoe the foreign hold
sls are unsng TO retain them and sending them back
Tor conversion into glli Formerly il not difficult to
nAlags Ibis Indebtedness because the Yankee m,r-
chants had the handling Of Southern Cotton and Tobae
CO. Nov they have nohing left to pay With but bread
Sus aad solt Bat the demand for breads III, is irrg
uar and Uncertain. /; depends upon the European
eEOpA 1; has never, ue believe, exceeded seventy mil
Hns Of dollars and years has been literally moth
ing. A, the oes s would balance The accounts for
ns0essArss- eCds, tea, sugar, medicines sc,
los which che YANKEE States dependent 90 foreign
nEdols.
70 meet thsir Indebtedness abroad therefore, the Uni
ted States have nOshiJ LETT bat gold But they owe
any times the aRount OF gol1 they possess They
haze choice ,tG but pay al their gold or rePD
date their debts II they do the former they ruined
At hOme-lf the hUsF they are ruined abroad. viii
90, sod As basis their paper money Is Of no more
'ai-s than many dry Laws TIE immense issues o.
ths.r Treasury have made the money making busi
Rs= " the thrifty and ma1sgirg Yankee people, ano
bslSe it has been popular With thsm-but when they
discover thaJ ShAt they eonsdered money il worthless,
tba heir government is really bADkruP. and they beg
sAss, &c ill be very ,rsu; business. When thu
discovery added The visit Of the sI gAthercr followed
u al pEobab LSy, BY The eOuscHPdOn eeer may in
a. TIA. the sealed and Sanded eyes of YankeedOu
viii 5sgin ~ open and the light and that they will
discover that instead OF sujagAtiug and running the
S5ah they have nsIs paupes and slaves OF themselves
i Is hardly necessary 70 advert TO the difference in
Our commercial and 6laucia situation from that OF the
s1euy and the couusning a6VIn.-ge We have. W.
oF2 20 !OrJEn debt and there Is consCq ueIy no drain
o. oar s.cck Of gold. We have enough for domestic
p1pos,s g-l sGen the blockade Is raised or when it
Ig- We have saS, Just good gOld-uhAt vii 81
S,Ts command gold-uaHely, cotton. Upon this bash
rssis The security - cur paper Issues Our u,a7lr!
notes represent staps that has cosmopolitan value
sqiSalen;io sold TO ~ Aen, they good gold.
Nay, more, tey repr sen; the liberties for shioh
struggling and therefore Identity themselves With the pa
uo-sm and h01Os Of the cizn. AL tbe wealth ell The
ssugh all the courage al the lives OF the country ar,
pledged TeSO-abiy sad deTOuty the prosecution Of
tbs combat, ga have made good our Independence
sni ssoufed or siely. These brs Of paper from
TfsAsaIJ are endorsed therefore b. an TIA; is valuable
II oGr proper =, &C 81 TIA, Is honorable pSinoi
Pisa Es,y -,o d's.l uPoa the iut1bau-tbe purpose
OF the people 90 be Tree Faey have moral value which
Eol!i zus,ia them even e. tics had 10 basis o: prop
ety. fe>1ga y a marketable value IN every mar; o.
eouus,ce, With re;a these supports, they constitute
ne s,si ar elr-oU-y ever E1OrS.
Or rL-s-H.s ara sr2,.- non sheer exhaustion. Wiu
re nj! U.s. &C 81 ,h7 rs,-s>ss, they are JOS couess
ieg hsi7 ilsuIe,--y gthr % meet tb., vaE,s or tg
supply BASS q, 0,ejJ ios their 7esgdes Tssir osu
Capitalists = 's11 u.-5 p.enios TO pay as ta,J,y
els PEI escL bs57 EasEh prcui-c sud ta's 3, re.
'se Ceg lrl-. If E..h rrso1rees IL fuu ,isos snt
uaeIcluJe.s-, .t.r cred: L-l hgs auls z0as ali bt
IL :'s hsles.ss,l Eshsi j.SH b N .a.meLse dec
va ncul o.. srGtu-,i or reluctant G. Ps:s left &
ell upo- tz i-a-z zia the products Of Ties ccsnyry
lloraolsT c..Fg,i by the i.hiav.i OF llGoE. Or b.
i1 diversion r,0 1-p.5igca'e channels, sad Nth ID
zsfasssg demands Of L0P,iS5z AID .zg.oroas Slr &c
Use, and prepare is. Thee Sro questions which sIe
tailcg ;Le pocket utTTs Of Takes capitalists II hi.
Lao. The premium on sold and on exchange ia 'hs
F5soll Response s-i thcrs reAsoo 10 hops that We
E7- seq bat the 0ssuniag OF TIE end RslJ upon IT,
GJ-a IS potent ally o; the Confederate States.