, 1864-06-19
CAUSES OF rHB Rise m GOLD,

CAUSES OF THE Rise IN EoIn.
Undoubtedly there have been from tho eut-
break Of the rebellion substantial reasons for
q rise in gold. Among theta ara that no rroat
war like tAia aver h.s been. or can bs ron,
Quoted, without driving OF. ~ths futurs r..
souroes OF ths country By lo4ny and psnsr eur-
rency. As our present resource. a,a .lv.y6
more valuable than our futurs. rola ,nr,t
stand at 4 pro,aiura over Drnmixs. {. Wv -
Eprland during har v.r. with N.no1.o, ..v
pold at a prrrn,nr ~ f,rt,-t-a 49,. Nv.
stlegsl tonaer.n and ts'n vbs, AZ . h,s ~. ~.
cntire resource. Of the a}1iea nover. = -.
bine with her own ;rta ,at 1..,,S
cxhaust1nr tb.n onra Ri th,. a.n-..,-t,o..
in her currency repreaantad nro,t,.+,a.
Her rouufacturies van brotsn m ~ =.
dustry DESTROYED and her neon,. snNsr,n.
This Is reversed viii. =, r1nr .nt,r. ;1a-s
trial interests. fsrmt.r. nannfactnr,,, co1,.
mrrcfa1 c.rr1n- ,.of...t.:., -, t 49,
ti.t,c- .ro tbr.neha ant +ha Nor.h .a.s"~. 49,. esu -
ly 1onisb1no th,t ~ -so,, -. 80
cramfn.t.on. ND .,o.. san.a., ,aH..,s.
tionA to .attafv .nra.1ve. 49, 49, 80
North /. not rstt1,v rfch mt =, A.. ~.
Theirs arc cerfs,n]v n1cntv ,f .-.-..t,a- 49,.
money.can i,nv ma nlenav~ Sr ,.on.1.,.,
"mca 70 oos IT, ana 'ns u ltseu u usually
e"ppoSeo 70 DC pfoepeei!y.->
1n'S IS se'erseo foneTer 1t thu South
"no lnooss1y ot every Kind IL para
ehea "Au 'ne oesst tac1lon and waste OF prop
cry itn1ncnSe' heaft1sely to Eurspe We have
- maze Up ID PET :lor tho loss Of our
Soatnela export, cotton, By Increased
Nolenetn exports OF ereadstuH and gold.
I've say III Pa1s, 1or We nave only to make up
.ol ,aAt part ol seasnesn exports On which
eue MOTH maoe IN some way profit, for so
.at 'ne eoutnefn exports bought goods for
tue oouLncfn people the loss OF them affects
the seuh cnl., and We, fthe North, need no
incfease q exports on account OF their cess-
slion. IN 30 M, however, as tho North paid
1or imports Tor Northern consumption, BY tho
proasS On southsr1 exports, just 50 far their
cessation requires us to increase our exports
Oh bteadstutts, and gold. The latter
may be classsd ns-a proper sub
jeet Of export 80 far as VIC produce
1t. Only when its export sxns bcyont II.
production docs It become q drain of our
currency md tend to raise its value relatively
to paper. During the past 5ear we have e.
ported about ninety millions, and produced
about sfxty-fve millions, leaving the
lions: II, 1t be exported, however, to
meet an inersa.sd demand orig gsna.,og out:td.
OF the Northern States, Its II port indicates
no unheslthy condition Of finances here.
This is to \ great extent the case. Eaeland,
which formerly obt.taed her cotton from, our:
Southern States, asing for It In exchange.
has. more md mora stnco our war, obtained
1t In the Rsst Indies and in Brazil, whsre she
is obliged to pay for it In gold. France also
makcs war zpon Mexico, and is compelled to
pay It's expenees in American gold, bought In
cur markets for that purpose.
d, Here aro extraneeus circumstances c.lc,.
lated to render gold inttinsicnlly more neces-
saty, 10 the purposes Of commerce. and tbrro.
fozs mora universally ya,uabl. thsn befor.
the .Hal.. When tho war ah.n have ended
and exports nom the South been rea.noa
this Aow Of gold will be reyer,ed.
Still another occasion tor tho rI,e in rola
is the facility which tho legal tender oct eives