, 1864-06-20
CAUSES OF THE RISE IN GOLD.

Undoubtedly there have been from the out
break Of the rebellion substantial reasons for
rise in gold. Among them are'that no great
war like this ever has been, or can be con-
Quoted, without drawing on tie future re-
sources OF the country by loans and paper cur
rency. AS our present resources are always
more valuable than our future, gold must
stand at premium over promises to pay It
England during her wars with Napoleon saw
gold at q premium Of forty-tWo over her
@slecN tender" and this when she had the
entire resources of the allied powers to com.
bine with her own in war not nearly 80
exhausting than ours- But thus depreciation
in her currency represented prostratlou.
Her manufactures were broken up. her in
dustry destroyed aud her people suffering,
This is reversed with us,; Our entire indus-
mertIa1. car,Vinr. professional. and even ar.
" nonr;sh,np TINT It reoo1 ee eevere aelf.
tto1s -. .a,,stT on,s.1v.. that +hs v1,o1a
The,e .ra cert aims n,entv NJ r.errth,no That
money can inv. and T;1entv -of monev With
1rh,ct ~ b,, l. sna 4,;a ~ ,tso,f "a us,a,,1
ennnnsed IN hc nroaner,.v
Tifs II r-rerrad how.1e- ~ +be Govt,
whcrc dndnet-v ~ ,rverv lind ~ nsr..
7r,ad and the destruction and w,ste ~ n,o1-
-,-4s t,n4rarea Pa,.+,ro1., - rn.o,,s ~, ,s r.
~ ns,,o ~ IN ,,n-t e.. ~ ~ ~ 's ~.
so,tha- aF,o1+ 1890, ~ 4..a 49,
Hr..xLs- -.s
Nv 1Hot.usa epotte =. pieaos1uHs aa anu soIo.
"e Sa, ~ ~ - = ~! "e Aa'e ou4y :" m1Ne W
Ut ~. .1t n-tp r. =. aoasoeIa eApofs on mA'cn
eus No,m slN! moee ~ come Wy piona, i9r so
~ - ~ tus oout1el1 cApolts pousu1 sooas'ol
1ae eoutnefn people tne LOSS o. them AFFECTS
tne eousu om,' ano NC VI lne "os.a' neeoao
tue' oeeG " eApoAss W aeeouu. - ,ueu eese.
allon' ~ ~ ~, uu"ese', as 'pe NoE1n pa1o
iol t.npots se ~. nottne1n conea1npaon, ., 1ae
pon.s W ooo .ue1a eApo11 ~, sues ~ 1at ene.F
cSss'toa aeqat1se W ns ~ tnc, W. e1pol1
OIL ofeaastuub' ana gola. Inc la'Iet
may oe e1aeseo as proper SUD
1ecs OF export go Mr- as we ptoouee
it. Only when ats export runs neSona ats
production does 1t become q drain OF our
currency ana teno 10 1@1se a1e 'a1oc felas1seiy
to paper. During Inc pssi year we nave ex-
ported about ninety mnnona' ana pfodnced
about sl1ty-dVe mhnons, leaving the
actual drain about TWENTY-FIVE NIL"
Lions. II 1t De exported, however 10
meet an Increased demand originating ots.ek
Of the Northern States, Its export tnd'ea'es
no unhealthy condition Of finances mere.
This Is to great extent the case. England,
which formerly oo1aanea aef eo'ton 1roR our
Southern States, pas1ng 'ot II IN exchange,
has, more ana more alneo our war, op.aneo
1t in the East 1nolee ana IN h.azl1, whese sne
is obliged 70 pay ,o1 !. IN go,o. Trance also
makes wa1 upon Menco, anu ~ co%peneu.o
psy is eepensss s ~ ~ a.s nEt"aua sota' Dousnt'n
our mAlAe's 1or ~. Rapoos a!.0s,u.
nte 1s -. .sa's ~- s.tsAs,.a,,rI ~- ea!cu~
1nsea ~ tha 'nr!osaa ~ aamrna ~ W. .hses .s
ca ca4s ~ 49,. !..,t"HSsue - rs,-a,,,a .ao t.4s
~. ~ .. Wlaa ~: W.. ] sha,, s1u sana oe'ole o
.ns e~or4s f-nn ~ ths M sonth ~ hs,a s .e.e."s suus"
4his aow Of eold win be reversed 'e'Ao'
st;1l anot1er occaston for the -,s. II .o,a
ia the facIlity which the 1eral tsndar I ..t xvaa
:. -. -~SGt~0