, 1864-06-29

From the New York Shipping List, Jaue 81
The more We learn with regard to the mat
ter, the more firmly do We become convinced
that the grcat excitement in gold aud the
extreme prices which hare been q1oted
during the past few days, have had no reliable
basis, bat have been simply the result OF u
dodge resorted to by certain Of the 'tEing'
with the view Of frightening Congress into
recession from the position which 1t has
assumed. It IS we'll known that many Of the
the adoption Of the gold bill, have been per
forming the circle Of the ring trying to pro-
cure gold to fill their eontracts> aud ell sorts
of unreliable quotations have been freely
circulated for effect 4 daily contemporary
relates O practical incident which goes to
gold quotations have been wholly nominal,
and had no re1lahle basis: On Wednesday,
when tho Excitement wts at. its height,
1.-TWO gentlemen, the Messrs. Blanknan,
holders OF q large amount Of Gold, desirous
pricer, went to Wall street to sell. They found
that only two brokers were disposed to
operate IN the precious meta1 at nll. They
called upon one Of these. He was buying
gold IN small amounts at 210, and selling it
establishment: Our travellers announced
that they had gold to SELL. SHOW much ?''
"Two hundred aud eighty Thousand do1lass.''
"They would have to sec the head Of the
house." and we're shown to his private room
Informed Of the state Of the caac, the head Of
the house admitted that. he was paying 210,
but could not pay it for that amount. Ha
oWas sure TINT gold couldn't keep up, that
it would certainly be bel1w 200 to- morrow"
and,. fu fact, this good nnturel tradesman
preferred, rather t6an buy the gold, to re-
commend bis customers to his nelghbor.. So
the two gentlemen went to the otller broker.
|" He vas also buying st 80, and selling at
e.n ---r m 1ftt1R arEfns1r -
sum at bis own price as his neishbor had
been. He "knew: that gold would be below
200 Tomorrow" Well, it it Was to fall, the
two gentlemen would like to sell now on the
best terms they could get. "What would he
giVes". "He didn't know. He would
prefer not to buy It At all" As thero was no
third broker for the gentlemen to be COM
mended to, they were aerely bowed out. anil
left Wall street somcwhat enlightened as to
what was not the price Of gold.
A more unnecessary excitement than that
which has succeeded the passage Of this bill
can scarcely be conceived, hence IT follows
That 1t must be short lived. While we hare
Congress honestly thought that there were
good REASONS for the passage Of the Gold bill,
and We therefore: trust that 1t Will not be
frightened by the demand OF any committee,
or committees, into any concessions fTom
what it conceiYes to be its full duty in the
premises. There Is no doubt that tho Gold
bill was Intended as public benefit. If
necessary, let 1T be SO modified as to insure
that result-but concede nothing more-at
least not until the bill shall hare been fsi<ly
rded-and Its merits aud demerlts hare be-
come selfevident. We may add that it has
come to our knowledge that q gentleman,
yesterday; endeayored to sell $l0o, 900 in
gold, and could lget no bi1 at over zoo per
cent--and, we Believe the majority wero
under that figure. It Is evident that 210 to
22oae2o have been paid only for littls drib-