Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-08-19
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The Macon Telegraph has I6e following arr
tie on Ncrshern finances
| Wife We of the South are going through the fur.
Il ce of p1ye,ty ami affection to win he mere elemen
t,rv rights Of eemeu the North, which has robbed US
th,se rights, and is nov busy devastating The rem
nan of our PROPERTY is in the heyday Of hush times
floating upon the broad current Of uns lmI ID wealth
AMI luxury tni unco scou' Of the war, eGcep. as it
nukes trsde lively the gaAettes appre them Of its
progress snd its carnage
But in the order of Provide ce the Cay of retribu-
ton will no doubt come. The North, like ourselves is
living on credit She is producing wealth. while
sumng i, a. sch lavish rate. Her productions are
army supplies; her trade is the mere instruments aud
appliances Of destruction, and her fortunes all made
10 the evidences Of debt The English prints like
ourselves have exhausted prophesy and argument in
shadowing forth the certainty and suddeuness of
grand collapse OF this great airy fabric of debt and de-
monstIatng, by all the principles of finance known
TO man. u a. il must vanish Ike solp-bubble very
and very suddenly but still it exists and distends
aud expands and even displays ncr asiDg bFianey
the circum erCnce grows larger and thinner. But,
nevertheless, credit the prophets-we believe III
the y-bSg o'acles The explosion, however it de-
lays, must at last and will be ruinous in its
consequences on account Of the delay
Neither have there been wanting prophecies of the
same kind among the Yankee dnaDciers themselves.
Eysry and then the Herald ani the World cast L
aud anxious glance n the pOtenOus dimensions Of
Secretary ChaSe's soapbu5blc and pgetiH collapse.
On he nsIart the latter paper puts forth article
Of OminouS augury.
l. points TO the loss Of two aud a half millions in
p Gle b. the New York banks the last week-the GER
tam tina. steady specie drain Europe has been in
tgurated-hat the foreign haIy,sts abundant and
nat this year Europe wilt gold and grain. But
sill the dance goes on and it will probably 20 On
right merrly up TO the hour of the catastrophe The
c; is the North holds the South pledged for that debt.
Il he paid of With the broad acres Of the seceded
safes and the credit may suffer till the security
becomes doubtful in their estimation. charge in the
fortunes Of the may inaueurate revulson. But
come it must with overpowering force some time A
people cannot be rich in debt long aud sa ely
tcayagant merely on what they owe.
The Lynchburg Republican says;
Tobacco has again had an active week. the sales being
full Operations towards the cloIs Of the week
somewhat checked By the advance in prices and the
ndsposioh TO sell the part OF some at the time
holders generally refused to make concessions The ad
established since the st of July last fully
dOa, per pound on desrlble grades
At the Warehouses brisk active tTade has been done,
Ene working has reached 25 ger 100 rounds and sales
OF other AIDES have kept well up.
Letters from the west of the Mississippi state
tha crops Of al kinds have yielded abundlntly, and
beef aud bacon plenty Prices of everything in the
eating line very low.