, 1865-03-22
THE FALL IN GOLD.

tuce1 Ul paper.
THE FALL IN GOLD.
The approaching termination of the war Is
bringing gold down on tic run, or rather, 1t
is increasing thu purchasing power of green
backs. One month ago legal tender dollar
was worth but forty-tour cents in coin. It ls
now worth about stxty-nre cents. The en-
lire currency in circulation Is estimated at
S925, ,00o, 600. Ono month ago Its value in
gold was only s4oo, ,0oo, GOO. Its present gold
value is S0bo. 600 Goa, being an enhancement
Of S2oo. .ooo, QUO. The holders OF The currency
a.c actually richer By that sum than they
were four weeks ago. Money spectators aud
gamblers In gold and products who plunged
into debt expecting to realize fortunes, will
be wiped out, as they cannot make good their
margins" But men who hare 80 managed
their business as 10 keep ont Of debt, will lose
nothing By the fall in gold. Their proper'y
remains intrinsically worth Just the came.
1t represents US many gold dollars NOW as one
month or SIX months ago. A packer who
holds 10000 barrels Of pork which is paid for,
can sell It for rs many ounces of the "hard
stuff'' IS lie could have done at any time
since lest fall and If he dispcses Of his pork
now, the g:etnbacks received thei cfor,
though lever In number than he coa.d hare
got lust winter, nave Increased IN purchasing,
power equal to the decrease IN number. The
man IS Just as rich now as When he bought
il at $1,000 per brl. The same rule holds god
Wien applied to produce, cattle, and every
species Of properly that nuc1uafes with the
1ise and iail OF gold. But that c.ass OF met
cAaa1s WHO operated On The hypothesls that
grecnhaeE6 would not gain IN purchasing
power ana nave bought products son time,
giving tocf oplieanons therc'os, or borrow
ing thc money from the banks p1edsing the
properly lor collateral security, lnust stands
remarkably 1a'r chance Of "going under;'
and II not permanently submerged, they will at
least ne well drencAed' a 1nau who purchas-
Gu goods OF grain one month ago, On time,
owes dollar and can realize but seventy
cents therefor. He has lost thirty per cent
ny tie transaction, aud by next week his loss
may be foriy ptI cent. The present rapid
decline in gold. or rather the sudden rise in
The va'ne OF currency, Will do as much dam
a:e among sFcculato's MS the late floods up
the Allegheny river have done TO- oil dealers.
fortunes are noatco away IN night. Tic
1aan VINO estecnaeo himself 5csterday NIL
Aonare Is To-Day nooGrnpt.
lhc Government gains bT the declinc in
gold. because II WILL DC able 10 purchase sup
1'l'es Tor the army anu navy NJ reduced prices.
The proceeds OF It's sale OF bonds will 60
muca 1artAcr, anu the revenue from taxation
Wall more nearly support the expenses of the
war. We haVc undctslood that II Is not the
deere OF tic new Secretary Il the Treasury
Nn]H hn
war lasts, lest the decline IN prices OF prop
cr1y may cripple 80 many persons as to en-
harraEs the 1panccs of the country, reduce
ses;nt;ons - - t,a Na,ton.11a"n 1 IT, tns suo'
,s.;,.,a,, 49, .a,s - $50 W ~
o,,t -na4or;.,,r ntr.a;,no 80 ,',,.;a.ss ,".aa
,s.s - 49, e,,.....-, - ss ..,nee1A s.-:1 -
49, n,oea ~ a-,a...a,s ~ ,s.,a .s.. .nasso
t,.a.. 49,. e- -"-s,, ~ So vi: W." 1-a' a
..W. "A.1 Aoe~ ~
es,no .sae., r.. *,,o,- , 49,: @ ,. .ose
.,.en.s ~, 0 t 4se
mara r t,,,n, ~:ha,. [ W. +h,,,- 49, s.....am .aa
1a,.os ~ sorna Ia. or~4h. ea,,,... 3s.ss
Tar ends wtthfn tbr>e months ~ ',nonx ~
sccinf men n,ef,ict cold can not h. he1d eve,,
AZ 1s0 TIN tandaocv +her vi, ta - ~.
,scrs n co,,, h.s,s = :: son,, -. ,,a.t;oa,,s Ss
1l,c Eat;on,1 h,nts viii ha,r;, +o ,,,o,,. - e,-
thc res,,,n,,t;or ~ .noo,. ,.ar,na,t. ~ 49,
,o,,,. ,.,,, 10 ,-..n,t.a e. .on-e- -. .ass..
,oreors no srn,,o.a e,n,. 1ss,;s-a 49,. !.
III, 49, ,.oa,s i.af,.. 49, s.,, a.sS,aS -
.,'s.,,,as ;..,t 49, -. ~.
~ ,-a,.;.. ..,,,os 49,. s~e1.-.,,u po
.ha aa.ti, T. ~ ,ra.s eass,.1. 80 49,.
"a tf,or, ,,t,, =, a.. o.a,na.e,.1 49, .,s..
vii, ,,,o,o+o tor +1,a ra.to..t;n, -, -, ~ess
h,s,s The hu,,a NAV toss ,,r;,h 4he,r hes,,s
Int ,bo h,,o ~ +ns hao-a ~, h.,n. -a,.,as
d1,n n 41,e ,ro-,a,e a,,,aora
-----
1HANGmANss FOOTE'S CAREER.
"Hang1uan" Footc, Late Senator from
Tennessee In the rebel Congress, now In
London, Aas issrrd q pamphlet containing IN
account Of his effort 10 bring about peace,
BE claims that whrn lis conssitu .nts sent
linn to Richmond he tad refused all connec-
lion with secession and was opposed to the
war, HI claims that in the rebel Congress
he has always made firm md uuyieldins
opposition to the efforts of Daris adhis
CLIQUE "to undermine the public liberties
and establish a dceuot:sm. =" and aftcr con.
sultation with the best men he knew. he in.
tyoduced The peace resolutions. Those reso-
1u:ions being rejected, lie dcemed It necessary
TO make another :. somcwhat unusual cx.
pertinent" On the Goth of December, In
company with hia vile, he sst out
xor Wasi,inrton ia nj tteraYt tn sceura n neane
.-.-..,.:. -,
W ie4eeA.' ueEot'-At4ons 4Aoo @n = ie1le8 ~ LIZ
Speaker Of the I. bel House Of Representa-
tires announced TINT purpose accompanied
bS HIS ffslenallon. s+at freQer:eksbufgh he vas
ARRESTED uul taken. back TO Richmond. but