Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-04-02
The Geld Panic.

The Mobile Advertiser and Register, submits the
following very sensible ref ctUns Tie gold panic"
@h,ch seas to have extended to thai city.
We have to-day to perform the highest duties of the
journalist. 1t combat dangerous errors Illusions
and pancs in the public mind-to keep cool End hoo
on to q as guide, ~hle excitement and apptt-
heus4n ing ther fearful work OF doors, aud
sea- telng the OF those WHO ought to he sens b
n.eu, Like So asapy tlmd har.s. We have spoken
where of the food panic, class with the poed-r
panc panic and he salt pane OF former ep
Of the The gold panic is Of The last hallucin
atiops Of the times the currency Question is vital TO
1t is weak point bee It sensitive
exposed nerve, and uvi ing to the Operations OF
eculators at honae and eGemes at hone and abroad
flmld men among the people are the ready dupts o
these operators. Il becomea every of sense and
motive, who loves the cause, and his country to f5nt
the evil naLfully.
II ia telegr&pned from Richmond, Advance in gold!
Exodus of toreixuefs Goid has risen in Richmond 10
400 and Bank notes to 80 premium" The tx das Of
,oreIgneIs, Cause Of the rise, is fable L. might
temporarily s ct that ket, rat there is exodus
of foreigners to account tor the utter ST. Fran
CHS ST. Mchae streets.
Gan any man perceive any rational cause IN the
present condition OF iitsry affairs, why Cone ie
rate currency should suddenly Jump dow. l60? If
Rcnmerd Or Charleston had been taken, or Vicksourg
reduced, the ressan would be clear enough. But II
GENES when there defeat series e defeats of our
arms 10 dampen the hopes Of ultimate triumph and
when everything looks moro favorable for US than
glass can discover single why Confederate
to-day isnot worth just much it yestrr'
day. Yvs, upon a breath OF report vapor OF sus-
icion OF ,v lot OF pc pie are while we write, ru-
nn the brokers' fces, esgar t. exc4aBae their pa
per Tor gold at ally price rhey verify tie MAXIM a
t:e and bis moI, soon parted" 70 emocrOw, the
wind psy SIT different 4arter. The workers,
nagu succredd IN bagglng sufficient .ot Of duprs
may I'D II convenient to let up the snare, god
&c OF news may along 10 justify al advan
onted,raEe paper Th"n these dupes who bought al
400 will be8in 4'nk they ad hte non a~iy scared
.nl come back to sell again at 300 Oue thing IL
wuuhg OF remark, and c0Innend it 10 the tHs'd
patri,t vino is the posessor oil UoLedeE4te noory l.
49, that it takes two to make bargain, ard when ne
Can seH hs paper, there needs be buyer. NOW,
1t is s good in bis hands in thos of the buyer, and
The buyer IS ma,test and sharPest hand the bar
GIN.
lgere are DO more dangerous enemies to cause
t1ao mise tim posses OF Confederate money. Most
of taegn dad OUT OF the and ct the de
,ens ment in prc,5 and currency occasioGtd by ta@
war. they are usirg their gains ~ weaken The
u raj cause, to strike Dto@ at pub credit and pub
nc Confidence. lht aiaF III t1ey cgeale by tbc mauee
# iheir ,gotten g9cal;b dangerous 70 the cssr
han the Jury 6 aud tfelr unilers arDles
Ii is in their power 10 conquer as ~han L'acon cannot
d. 1t with all his vast Dlclatorta powes And some
TIMES thluk SEE the hstd7 Oh oar own Willy and
bitter foes in theIr acks upon Our currency i YOU'D
scht me- worthy OF tue cunning braia OF the Mach
ayeI,au Seward He and Dis tros2er Yankees re u
money und+ rstandiDg people They know what az ele
ners of vii d,eorganizsd carreu is-worse than
dsorgaBIzed army. hey koow both b5 bitter exPe-
ritnce Having tailed TO dsoTganize our noble armIes
faad they never have been In such splendid hgDung
condition since the brgAn) may they not be trying
our currency
Gen. Bragg's army left in fennessre and Kentucky
several millions OF Couft derae dJars IL Is great
stretch OF the imagination TO suppose that Seward may
nave ordered them Richmond by agents irs'ructei
to invest th@m iu gold 800 premium, hen 800 pr
MUM then 400 aud at any prem um, an IL To y
run ap gold to 5, g. Z, or 10 for 4 panic 10 tne