The New York herald., 1864-09-19
FlNAN ClAL AND CONNER GAL.

Z
hss been The further decae o. ne gold premium lhs
attended by day luctusIiops, which had the
saect Of greatly unse,ttug vnues cr az descriptions o
propsrtv Toe narket opegsd with Excitement on Mon
day the quoratton eeing s, from which i declined
TO 2I4t Ou tuesday tue market opened az 2is,
aud advsnced 20 294iSi Wednesday 1t 2.Th and
after declining 10 2234, advanced TO 22Ss.. On
Thursday the market quieter, and the
price nucustec between 22a4 and 22--., on
Friday after at AS, the rkei weakened ard
she closing quotation 22sA On saturday, ,he
highest price 22s.s aud the owest 2203s the Tor
being ,be clos,rE que'stiou.
The indie lions ,hs, gold will continue 70 follow its
oatura downward tendency, despite The cfarts az the
ola bu clique sud ts parasites snd NUN Der OF rebel
sympetA2ers who operate for TO dam gs
she public nUsnces TO enrich themselves These men,
ever since the sustension al specie payments,
have done teeir be 70 popular ds!rus, q
government, not With the view or remedyn the evils
inflicted upon the by the laundering disastrous
financial policy but in order hasten the ruin
which the III saN enacted by congress II
the suggestion NJ base directly tended ards
Ths reoeut dec has weakened these combinations
severely, ard prospective further decline will
iuHicl still more mage upon them, and put II beyond
their power under the present aspect Of political mill.
try and financial affairs work that injury to lho pub
lie cred which they have well succeeded in doing
during the pest two years.
1t IL the duty "f the whole people o, this country at
this critical period its history to sustain every
way TO the best o. their ability and il they have the
misfortune to ne represented by ignorant and cor
rupt inen there is al the need for them
TO PIT for cd strength counterac the evil
sut unhappiy the most pretentous patriots, they
would make believe. have been among the most IN.
scrupuous penoerers of the naton and found
both n ano out q the public service no whole
sale system OF swindng could be practiscd government
contracts were accepted. upon which wretchsd stony
hearted multitude tened themselves the expense
the health or hves o; the brave Of army aud
navy, and then developed themselves from
they we're into the awkward butterflies which now
fll the corruItmg atmosphere OF shoddy. But
taxation begiumng TO discipline the people into .
greater regard interests OF the country and il is
to be hoped that We may henceforward witness mere
practical from those who have loudly pro-
tessed it, and The despotism of opinion
the men who have worked injury 10 the republic by
no less dishonest in macy cases. than other acts
which would render them liable &c criminal prosecu.
ton.
Gold which sold at 2s5 10 June last, in consequence OF
the nschievous egtsation which threw il into the
bands OF @ few monopoiss, who enabled do
pretty much they liked with it. sold at los only il
Nay, and there Sufficient to be found The
increase of the of the national debt for rnaia
tanning it at nucn tigher price But allowance
OF course 10 be made for the prospective Of
tnese, aud the naural inclioation OF people, both
out Of Wall str ct TO Discount the future. II is,
on the whole, however encouraging feature
to find gold, which was quoted at 2S5 nearly
ehToe noDtbs ag3, now selling az about eco the
m're especially OF the natural consequences
fall in the wholesale price OF almost every article Of
commerce. Bu the people 10 making their purchases
tor home waists brought only IN contact with tie
retail dealers and these have uet yet display any
disposition TO reduce their prices in proportion 70
the decline the Wholesale market and the fall
nf so.5, at all, the inquiry naturally sug
sesteo ~ty DO the people feel the
0e1eei " tais bow s that stli pay the
GigA prices (sud some cases even higbe. onesl
ths; prevailed gold was the highest po,u, ye,
reached aud The aspect OF the military situation was the
gloomy? We trust that competition In reta,
VIII at e result equitable adjustment OF values
and that stcreseepers will be the only persona
reap Immediate benefit from the improving valae OF
the currency.
The stock market marked throughout tie week
wUo periods OF dropping. staznation and slight spas
mode action. Many OF the brokers havo beso song
short heavily, the "bear" side being considered
the safet IN view OF tho various conungcnc OF
liable rhirnco the OF speculation. Gov
seGuu,i's are now actively competing wita
rslway aud uisnc aneeus sba es, and withdrawing
large amount of capital formerly invested In the latter
The uncertainties attending the Political future Of the
country operate IN considerable degree TO restrict
sreciistoa we tbe dosnsard tendency of gold indis
poses pace tner money In stocks likely 10 syrlpa
,hize with ts fai, however cheap they may be at
he resent menra, estimating them according to the
Of tue cu.rency Gull and dropping market with
oc.asioaa Is therefore to be expected Tor all
government securities pending the Presidential eeQ
pt## ftg lft-nlv
shan very sgut except In the OF the six
psr ceut boaas waich will be likely to rise
aoout two pcr cent upon the last quotations. The
ln0uoy market has been moderately easy all
.hs wees Gu call 70 stock houses at seven
per oeai; but the Discount line j. has been
ess and the rates have been frua eight 10
.we.ye por FOR good oommercia paper, very little
haviaG beea done under per cesi There Las been
aetesly drala West aeccan OF the crops; but
be cash purchases wescru account have furnished
= p1s,sl set oa this and the elect has
tAcre5y been TO some extent poutrslized. The
polcy Of the rrcssury Tor the Six weeks Is no.
Aey n;erlera -,ecay with the course Of the money
4~Scj amouut or ease r Il is necessary &c
lie proaustveness OF the seven.;biriy and ten.
tgrty loans NV before the people. The sub
,crptious TO the frmer, which diminished largely while
H.. agt !nstaImeit the 1851 loan was being takea
agaia ihe aggregate mp TO Saturday re
ported g. be tniety mions four hundred aad 1fty
Gva thousand esat upcred ard City dolzrr. There
ooan very tItr actvi'y II exchange during the
soes oniag reduced imports the large exports
sol the an cinaifd further decline OF gold. Bansors
ha7c asked lue ia4 gold rate) for sterling, ard
commercial bils have been offered at los irancs
nAye been quo,ed - IS at.i0i.
Ttc following quotations for railroad snd mis-
sshu.ovs srarcs goe sno government securities At tee
s,Sss Of oi ne past iosr wes.si-
aug. -. Sest.3.sep. 10 ss,Fls.