Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1865-04-12

* L &
l5hesEs2eksqfIaH. l3fO 4 Is irttE -atrEg
The greatnews to-day that Sheridan has
captuted 70 geo more prisoners, including
6sha EwellI IL sishaR, and FtHkhgh Lee,
thrills ,elery heart with enthusiasm, and
there ID the greatest good feeling every
where 10 night. -. .,--,y IN E,
As, | close my letter, bands are playing
IN the gapiloli Square the nopn shines
brightly overhead and the. scene seems not
at all one of war. - q 1'5sA
TRs RssaltG Of hIIlIjtaalry sueeesseeis.y, ei
From the Circular Of Jerome, Riggs 1 90.
b. The capture Of Richmond. which all have
looked foEWard, to al the coup de grace of
the rebs slllonii was in medi lately followed by
d very l6rge advance Ia the share market.
The realization sof g event had On effect
preei sely opposite 20 that tpfoddSkd by .its
Anticipation. There Is sotnethina extraor- ,.-
dinary in all this, butitlisIexplain by the
fact that there is nothing now to be looked
forward to calculated to excite, ;apprehen-
sion, or to work upon the vivid magination
of our people! While theicapture Of Rich
mond ia really the end Of the rebellion, it
has veFyslittle to do with, the value of rail.
road shares. An important element in
speculative movements no longer exists, and
lprioesdwill hereafter adjust themselves up
on some new hypothesis. - ss75'
We haEe; ;alRsyp believed that the return
of peace would add to the value. of railroad
properly. Peace tneans the Festoration of
the natiOnat authOeity, oven our whole
country, and internal quiet and order. A
sound political is the basis of q sound ma.
terial condition. Peace, by reducing the
costIof operating railroads, will more than
compensate Tor any probable reduction in
earnipgs.is But, what is more important, it
brings with it confidence ID their Value
The advance. has been aided by q very easy
money MARKET which enables operators for
rise to command an unlimited amountot
means. The recent decline was believed to
have. carried many stocks far below their.
Yaluer 30 that q strong upward movement
was entirely in harmony with the public
conyietion., Such We thiuk7isran ekplana.
ton of the recent advance in the market
under the most favorable military news
that have yet reached US. qi5tHitai s- lEGi
Mountaineering the recovery, we do not
look forward to, any stability in prices.
They may reach a,much higher figure, but
so long as we have no other measure of
values but the national credits, we must
witness thelconstant recurrence ofviolent.
fuctuati0ns In prices of all kinds of props
srty. 1t creates no surprise to see gold
auctuate 10 cent. in:a single week.
The price of other things should be tn ratio
to-that ofigoid. Thatthey do not follow it
is due to the unceEtaiqty, that is felt as to
its value-or rather, that of the paper cur
rency of the country. This uncertainty
must continue till the currency is convert
ible into gold till prices and values exact
ly. correspond. ,l.s t,s,as r. s.a.'i =
The first news Of the capture of Richi
mond caused q decline in gold of nearly 10
cent. It. sud6elfT recovered 10 1914,
falling of again to $50. The price Of
gold Is powerfully affected by a variety of
influences. One of the causes of the recent
advance was the proposed sale, for gold,
of the cotton captured at Savannah. 1t is
also supposed that the government is SELL
ing and buying to check an excessive rise
OF fall. The public have universally ac-
cepted the views first put forward in Our
circular, that an, excessive and rapid de-
cline was greatly'to be deprecated. 1t is
highly important that the fall should be so
gradual that the losses occasioned thereby,
which are enotmous, should be distributed
as equally as possible, To return Instant
ly to a normal condition would produce
bankruptcy, and the most
serious disasters to. every interest ia the
community. -. E1 f.
The price Of gold, however, must fuctu.
ate violently till we can see more clearly
the final result ofthe rebellion-more es.
pecially till we can form something like an
accurate idea as to the quantity of cotton
at Che South sYailsble for. Commerce
Should RllaIge amount be found to exist,
it would drexercise powerful influence up
on the price of gold. There is at present
little. demandftoH export, while we are be-
ginning to receive large amounts from
CALIFORNIA;. The stock here is accumula.
ting, and is likely to do 80 for .theiprssent.
The fall in merchandise checks instead of
#inereases consumption, from the expeota-
ton created of . further advauce.S Such q
stateiof things cannot last long. Any CON-
siderable purchases for consumption would
create demand for gold for remittance
abroad, which would of course putIup the
price of the metal. y ol = g.
In whatever way we turn, the CONNER
cial future is foil of doubt and uncertainty.
IT. is hot, however, on,the whole, discour-
aging. The whole country is shortly to be
united under one government, afaE more
energetic, and powerful than anything in
the past. RESTORATION, instead of destruc-
ton, is henceforth to absorb the whole
energies of the people. New and vast fields
for enterprise are opening before them
We shall Pitness an unparalleled activity
in all our industrial pursuits: We shalt
soon make up 6dE. losses, and move for
WRrdsin on unexsmplsd career of prosper.
ity. We must lose no time, however, in
taking steps to restore the currency of the
country to q sound condition. .Aslobg time
will be required 70 accomplish such a de.
sirable result, but We must restore conf.
dence, and, as far as5 possible, uniformity
OF prices, by entering without delay upon
the right path. esa ~
Money Matters.
''RuTDr" ls busy in spreading report
that the Treasury is shout to draw upon
the National Banks for alarge sum, placed