Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-07-14

~f~~~-SS~ $780,
FINANCIAL Mercantile Gazette says:
While the productive efficiency Of the State
in some of its branches is suffering tempo
rary check, in others it is in full force, and
the general aspect of our affairs is such that
capital is flowing to this point in large sums
for investment in stocks and for loan pur-
poses. The receipts Of gold and silver, as
will be seen BY our tables, have been IN eX-
cess Of last year, and the transfer OF capital
from outside sources, through the medium Of
the Exchange Market, is perpetually going
on. The decline in shares has afforded East
ern buyers an opportunity to effect purchases
on as favorable terms as they could formerly
have done if we had accepted their currency
at par. It is pretty generally conceded now
that our market values, which have been here
tofore too much inflated b. speculation, have
reached a point of comparative safety, and
no one doubts that the field open here 10 the
capitalist is both broad and promising. None
of the foreign Banks OF whose establishment
we have had repeated limitations have yet
commenced business, but some Of them are
well advanced in preparatory measures, and
we may doubtless expect early demonstra
tons. The recent organization Of the Bank
| of California, joint stock company with
| large means, though giving US no important
| addition Of cash capital, adds to our fiscal
! strength BY the concentration Of funds here
tofore scattered and partially idle. Alto
gether, we may regard the present condition
| OF affairs in financial point Of view as con-
! tanning elements OF promise and encourage
ment, though certainly not without important
| drawbacks, which may serve as mementoes
/ and lessons for future warning. In the Sc
we're and sudden depression of the mining
stocks a large portion of our citizens have
! suffered heavily. Millions of dollars have
| been taken from the mineral wealth Of the
! State, and from the actual wealth Of many Of
! its inhabitants; but Californians are accus-
| toned to viciSsitudes, and not easily discour-
aged by misfortune. The Money Market is
at present easy, and good paper readily nego-
table, in Bank at u per cent. per month, in
the open market at 294 per cent. per month
The UNION WE WANr.-Captious dema-
gogues and fault finding newspapers are in
| sultingly inquiring of loyal men, devoted to
the Union Of these States, what kind Of a
| Union they want. We think that we can
answer for all true-hearted Union men. We
do not want Union distracted by sectional
hates and jealousies and struggles for su-
premacy. We do not want Union charac-
| terised BY South Carolina notifications, by
I VI
| ings, Virginia ideas of State Rights, Le-
compton Constitutions, Kansas highway rob-
| berries, House of Representatives fsticuffs,
Senate Chamber cudgelings, Border State
wars, or John Brown raids. We do not want
a Union that is incompatible with liberty Of
speech and thought. We do not want a
! Union in a portion of which man, resident
or travelling, cannot speak, nor even private
| ly cherish an opinion for or against slavery,
or any moral or social question that has
arisen or may arise, without being exposed
to Imprisonment or violent death, as has
been the case in the South. We do not
| want Union in which mans birthplace,
| either north or south of given line, disquali-
| hes him for an Office Of high trust. We do
not want Union in which portion Of the
people shall be laying up arms and drilling
! soldiery, in evident and express preparation
| for the BATTLES OF disunlon. Rather, II It
please the curious and inquisitire, we want
| Union as it was during the first half CEN
| turv of our national existence, when every
man was allowed to quietly own and peace
ably dispose OF what he might hold under the
| Constitution. We want Union in which,
when one party is beaten at the ballot-boX
fairly and under the forms of law, all parties
will gracefully bow to the will Of the MAORI
ty, and if wronged in the selection Of rulers,
seek their remedy at the ballot-box in future
contests. In word, we want a Union In
which we shall have the harmony and uni.
| formity Of other days-a uniformity based
upon the great principles of the Constitution.
This is the Union we are fighting for, and
we intend to have it, or exterminate every
rebel South, and every Copperhead North
BroicBloso.