Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1864-07-21
The Gold Excitement.

The following extract from an arti-
Gle in Wilkes Spirit of the Times upon
this question, shows the causes that
have induced, and the character Of the
men who are engaged in the Gold spec
ulations, and the closing paragraph
may answer as warning to them:
Forbearance has its limits. Gold il. at a
premium OF t,0o hundred and eighty fotir!
Forbearance is the germ OF retribution;
and it Is, perhaps, to be regretted, that those
who corruptly trade against its temper, have
not the means to guage the rising heat, and
know just when endurance will cease to be d
virtue. Gold, with its starvation track, may
soon be at a premium of four hundred and
eighty-fonr! Its hactation is with hand
full of public enemies in Wall street-mem-
bers, some OF them, OF the COppsrhead con
1yentionS; and agents, others of them, Of
European banking Jews-who are the pat
rons OF the insurgent cause, and Of the Con-
I derate loan. These worthy operators,
who had long begrudged the Federal inan-
ces their superior credit, have united to
| "corner',the whole market stock of the
preciousnletal. that they may dole it out,
90 as at once to gorge their greed, and de.
press the public credit.
The recent rise in gold, therefore, is not
the result of "the nataral laws Of trade" We
hear 80 much about; nor does it represent
the public estimation of the currency. 1t is
simply the result of conspiracy, by which
knot of heartess Jews in the Rebel inter
est have hiued the sixty or seventy millions
Of marketable coin, that they may excite
The people by starvation prices, and stab the
credit of the Government. To cover their
designs, they have deiamed the Treasury,
and charged upon its Minister what was the
result Of their own criminal device. Con-
Rress. alarmed by the unlooked-for rise in
gold, ignofantly attributed the imitation to the
fierce upward betting Of the Stock Ex.
change They, did nut reflect, that this
Stimulation was exactly balanced by the
cqual effort of those who accepted the con-
verse of the proposition, and who labored
with like interest 10 beat gold down; nor see
that these surface flies had nothing to do
with the impulsion OF the wheel Their
| legislation, therefore. was lugubrious fail
ure; and the forestalers at the hub were
enabled, through their orators and journals,
to make another outcry against the incapac-
ity of Government, and TO accuse the Act
against gambling in time-sales as ian inter
l IeftnC6 with tnc NATURAL laws 81 tldut.
Doubtless. the sudden stoppage of quota
tions" favored the schemes of those who
had hiyed the. treasure; but gold would
have risen all the same without the Treas
bury Bill; and it was sheer piece of luck to
the conspirators that they had acquired its
control and were prepared to put it up
just as the bill against time-sales happened
to be passed He who has engaged 20 de-
liver an article on given day, must, if he
have none, buy Of those who have it; and if
those who have it hold all, the buyer, in,
stead Of purchaser, Becomes victim.
Such Is the case with gold to-day. il has
been artfull, Withdrawn from ''the natural
laws of trade" and unless some remedy be
devised to check the designs of the me fari-
, Gus conspirators who manage it, it. may be
'put up" tdoi00; and while the Govern,
.ment is sunk in debt through enormous
purchases, the poor mans pound of meat
! will cost him 80 cents, his ten-cent. loaf will
shrink TO ono third Its former size, and tea
and coffee will be knsWn to him only through
tradition. ,..f
These being the facts. the QUESTION pre-
sents itself how long the public will endure
this Juggling with its miseries, and how
long the Government will suffer such con
| spiracy against it's interest.