Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-07-19
PROM TIE UNITED STATES.

B We continue our extracts from late unissl States pa;
pers received at this efios; b ltr gz
rHE rAxKEE COMMERCIAL MARINE
The New York World dsvotes editorial to I" The
Condition of our Commercial Marine" 1t says'
People know in a general way that our shipping had
suffered by the depredatons OF the rebel prlvateers but
ysI few have any idea that they bad succeeded in drv-
ing nearly thousand OF our vessels 10 sail under
otner higs. The aots slarmng, as well as deeply
bumatng. Additional interest s given this matter by
the heWs that the florida is again upon our coast and
thstlhe of fve vessels which were burned nave
reached Ops May. 700. 81
In 1860 the total tonnage Of the United States, ex-
clusiye Of whaling and steam toansse, was XIV Iel
TINA Ia 1864 IL is in the neigbborhood OF 6l4 ei6
tons That Is We have lost in four years 3 s44 900
tons We say nothing OF the loss throu2h the inyolun
tary idlentss Of our vssse-nothing the NUMBER OF
SHIPS that lie rOtiipg at our Wharves and as ioregn
paris. We would simply ask, at the rate given above,
nov long a time must elapse before our commefcMi
mar ne viii be entirely wipsd out, aad the American
Gag unknown in any foreign port or even on cur own
seGs save a upon ships OF war From being 40
tuAy greater than that iany other nation on The lace
OF the EARTH tonnage has dWinded below the stand
| AID Of tue Ihrd-rase mSriline powers
More than niue hundred vessels that In 1850 were
owned by eli! ms OF the United States and fJised the
and rpss are nos IN the hauds of foreign
els aud sailing nader foreign hags. Ga Thursday morn
ing last We pull shed list of too names aud ow-era 81
sI hundTsd oi thess yessslshAyDg al aggregate tom
aye o. three hundred AID twenty eight thousand III
hu dIed ana Ex 6Te t0ns-sold during single year.
1861 ~ BsitlsA oWlsrs complied from British Hn-
Lunty, Ana 70 which lsG the reader easily turr.
Fore gners will not chip goods IN American bottoms
ana Vessels must ether rot II port or becoms
ste property p.opie OF ether nationality Not asn-
gle Aus Jan tho ocean st the present
Gme-our seangnipS doing p.tiiu GUY as coasters,
| and even then vita no sense OF security. Foreign
steamers carry cur mails aud freight. aud transport
such of our czeus whom business lsasure Gals up
Oh foreign sou.
The "Wcrd" then scoliI violently at the Secretary
of tie Navy for fAiirg protect American commerce
elostog franticsly as fOlloWs; .r.e.f
WAY Won'. you wake up, Mr.. Secretary WelleS and
| do eomethipR toward projecting American commerce,
nos almost irrelie SAby ruinedf In H5aveos naHle
demand 60 longer upon lucky accidents do not lay the
sweet unctOu TO your soul that when whole people
itioee a. th3 oesi Of Alabama they think you
bsd suy share in tie mater, aud rel pje into ssaile
| dreams but jump up l.k3 mar, 20 " work Ike an
American ami let rainbow " toe old n:g be seen
once more every cape, IN every gull, Boy aud lagoob
in A the familiar places where /. wont TO GLADDEN.
the YES OF dWeIeTs tie shore OF every Boa Of the
broad world.
CRITICAL sIruLTIoN OF TIE YfNAHsEs
The WORKS, commenting upon Secretary Fes,endsls
negotiations wi the New York banks for another loan
I~oi afsy millions OF dolir', sayI:
The gist of Mr. F,Msnden'4 proposal to the banks is
that they snail furnish him loan oil Fly millions, sub
ieo;to kfs call as be may want it. betSeen now and the
rss OF SepteGiber. FIR this loan he will give them
7-3O Treasury notes with portion CT such Other Sc
yurues as they may consent to take This negotiation
kGav rot bs completed in two or three days. bus the
Iposion OF The banks ia favorable 10 its success OF
WHICH there is no reasonable doubt. The banks, OF
.ourss 10 making the loAp desire information AID as
rsuces respecting the future operations OF the Treas-
ury ment AID 1t Is ihe time required Tor reaching
a nuauAl uUd srstandng this p)int that delays the
clos,nR of the negotiations. The future condition OF
the money market ard the ability OF the Govern
men; 10 A,at = bonded ioan, is felt to depsnd upon
the discreet issue Of Treasury no;es, either with
or without interest This propose lean Of 6y millions
beinR . msksshift TO tide presc' d'9eu!tiss The
banks naturally require some RssursIoo tbat a. toe enc
Of KY days, so Lsavy crtd tar will not Do again 10
emb.rrs Mt seeking anew Tor temporary aecommo-
da.cn Tnis can be avoided only by such arrangements
"a will facilitate long Sonded loans. The banks that
il 10 say be committee they have appointed to repre-
sent them VII probably insist that tao government
ueht 10 ease the money rket by luther sau1s ana
az LEADERS, caa generally dictate 90 needy borrower,
Mr. Fessenden will dcub IS fad it eIpedent TO comply
with this viii. The result viii be temporary relief,
purchased by which will still further dtprt'id"
the pEb!ie credit
We nave advanced 90 Ear in a wrong direction that
po,hg il likely to arrest the depreciation of the yoV-
eminent credi. bu! dJh tharg, in The military situ
alton ss Vii foretoken the speedy close OF the war.
Contraction OF the currency, then, must be adua
or Tho business of she country wi 90 into general un
bipqmsnt Blu! st preseaee haze he 'Ooif by the ears
we AL neither lold him BVr safely let bun go. We
have gone 50 far in false system that no foaoc!a ply
cisu has courage to prop anything more than pal
Syes Toe consider alton of remedies is till
the return OF peace.
HIGH PRICES IN WAsHIEGToE.