The New York herald., 1862-01-20
sOUT AERN BANKS AID SOUTHERN CUR
RENCT
REBEL POLITICAL EeoSoMy-A All krArE AND RE-
ELpas-ExTRAvAsANcEs o.. rHsS sorT1rSJNERs.
ETC c.-ETC.

ELpsa-ExTRAvAeAScEs ey., TEN sorT1rJNERs,
ETc.--ETC.
Prom the Ri ishmond l. m ciner Ian Ill
The aaks have more money On .hersAa4is thap they
know vant 10 do witA some q theis ss inches the
interiors have had appiiektsn nfox 10 three
n,oaihA Capitalists and mon Il bus alike pie
thOric e funds They besoahiDg ncs to borrow
agsinss whom thcy were always vsna turn the cold
shoucs The usursrs occupadoneis ~ no. That is
eiass q tsouthcrn pese shom gas have
eeede IN starving o Evcry whsre- IN the South tlsse
prevails The opposite OF hard times ,ver was money!
so abnnGant the Psople s comsorabieoir
cuias The cesplte oc La gh prices Il has
put uyan many ihe lukurins, csfAa. las produced
sosssa uninterrupted Iecuni4Eyg and prosperity
Toe laws Of Tho states haws Ieal hurt nobody
aerGs and lawyers. The mel and o7oed cell
hare ~ rad % pay cnd ler sf irs not been tnpred
and he'd claims on others have a money thereby out
on luan which shey could not, probability have
otssw found borrowers io m the gre atest
pe,nary evils Of the has - as nearly sIl evils
do rs conpe osaton
hs reddnaanco OF rnaney islS y TO last some time.
JS@ osn ;rse s d ~ i, 9 e a5 ase "a 9 ee
lor.thrn zee make our rs1es es prpcoiy.
troso to De ,oies, stretch n cs creda and ave- a. rro,i
as plionaires. re asay tiocsade pas ~ end b
! ta's 'ytm Of esaiV hts = 'sids corM We
posse to pay OF tho ssoa 1is process oG exbausion
whica hss baen going on s tho nineteenth century
gan has ce1sefl aud " We growing RICH we are
at least not rrgpIng rpsss in debt. Many, nnusnccs
combine prSauce the - ,sent pshoraof money but
has been pI; othe. az onic soubcra habn Of over.
| :rsiing.
L
tO-inorrcw. ho9 would thescads- ca the banks
be gather II ", asi low heavy bs purchases
money 10 seara sxsrce would capitalists all their
was,wh tss public wculd IA nsursT reappear with
q0Ss % ssos sR aSanssse & sSneg most v.b
in ;hs OF zeal estate Our aivertrag columns
DcA With ,Sserinss or th'ssafos cf all investnenss
The .se vontary oncrires andnot ssnpulsory; slro
ncat u tho sivsncoof prices ara tho facility Of sal.
ms The prices now ob.ansd never disappoini he
vensor lils maSmum calculation is always ronshod,
AT gen orally sxceedoe % tho tib, has only Just began
TO a0ve it win ba sorse mo bsioro it viii reach ,s
hsigb,. Real esiaa o. probably continue to- ssxance
ln,l pew condition es anancs brought ~ the re
of poace I tso advax goes too far and passes
course be acoese and corresponding raN balcw le-
gtp2ie rs'es II Csesc bubble prices arc shsd before
a OF tho war Of course the peace viii prick and
pece them but "a yet, thc adv in real estate ihe
legitimate effect cese io The money ma24et and Of sape
! rIor safety in the. form cf Investment.
There Is very g.e sasty IN prioJs FcSsonug on Lt
subect of vercrl finance, liable Ia IA W be effected
spccus n, Of which ike the WINDS, 30 one io.cse
= either tho coarses the violence bt there
grounds for supposg that money pressure at The soutl
= will necessarily Follow the establishment OF peace.
= the encc. 0e w shall be 10 break up permanently
trade with the North, this coneson would be udciou
and sDso one there Is tho fnaestfo that engulphe
- al wealth and all our psOspority The desire Of OIL
70 mercantile and banking classes will be
s ha Old courses business with that sccton end wi
DO problem which tho event only can solve, whe,h,
u there will b. virtue enough In either legislation
~ | our people 10 resist the ietsl policy.
IL this ruinous system Of trade should not DO resume
Y there can be little csrsc for apprchendirg momenaT
s. apse at the RESUMPTION Of free intercourse with u
" world The danger scoid Be from ths 0rgs Gmc Of pop
" then ofool ~ he community The greater portion
this paper IL issued by the government and by respon
~ bic banks, and great Depreciation can be entcpa
in other class Of these issues from the necessity Of
up sumna specie payments. Our great staples commas
~ speoio in every market and tho question will bo bctwc
~ selling sufficient PORTIONS cf those az once for the emon
of specie reous ito to form bas Of paper circulate
~ or exchanging them all for merchandise Tho mere sta
NV ment of the alternative procanns the choice that win
ns made II is very certain that there never have beet
people who have put forth large volume Of paper mons
that were so we'll provided with the means Of making
ny good as those cf the South The first year of pes
-no will DO marked by violent tendency 10 ov
fm trading but II this BE- prevented with the North
turned 10 the direction Of Eurcps Il must soon expe
itself without serious injury to the n snces OF the
HE iry even II we should trld5 a. largely with Europe
we used 10 do with the North yet saving, as We wo
in that case the commissions spd profits on both the
h4 eoing and incoming WadsA which w were vent u