The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-27

The Unsettled Condition Of Business in Y0kO-
hama-Whero Has the Money Conc TOT

Tne Unsettio0 COnd1ta0n OF Business In YOkO-
Aama-where Has the Money Como tos
From the Japan Gazette Oct IL
The condition Of the general trade Of Yokohama
mas become more and more unsatisfactory. While
three months have amounted IL money yS aS
something, very little any, short OF 000 their
purchases from us can hardly be estimated at
for arms and ammunition steamers, transport OF
stores and troops, be added TO the general market
reacned. this small sum- Besides this All the pur
chases we have made OF them leave them an enor-
nous profit besides giving active occupation for
articles Of trade that have sold to them have left
a loss. Little good would be gained many would
Inc question is naturally asked, .'Where has the
heavy balance Of money gonef" The government
The merchants IN our Immediate vicinity have not
got 1t. They say, and II Is natural to suppose, that
u has gone INTO the country to pay the producers
doing with TT The obvious reply is, they are hoard
ing.
In q nation with such crude IDEAS OF the use OF
money nothing can be more q0fural; but II is vexng
TO importers to see their Investments, brought here
anticipated demands Of particular seasons entirely
disregarded while hard cash ID being spent 50
freely among the natives only to be buried
IN the earth or LAID up In napkin. 1t Ia Q very
serious thing for trade when some 81 600 900 out Of
$,,0O0,0oO Is thus Withdrawn from circuiation; but
this is the effect produced by the rebellion Of Sat
suIna ana his friends, ably supported by few inru-
entail fore gners.
AS Time progresses every day brings more clearly
before US the terrible calamity brought upon the
country at large IN the rst instance, and Indirectly
on foreign trade, by the movements OF the Southern
princes, under the advice OF foreign merchants and
the encouragement OF foreign officials,
But our object to-day Ia not TO dwell ON this phase
OF our subject but to point out that although the
evil Is very trying 70 importers at the moment and
must subject them to great loss and In some In
stances even more fatal Inconvenience still 1t Is not
altogether without mitigation to those who can
AFFORD to wait. That the bullion Is being boarded Is
certain-but II Is not los-and when the ceases,
as It must do some day, although probably that may
We distant 1t VIII come out with that freedom that
always attends plethora OF money. IL will also
large class OF small men who have never been IN the
habit OF having cash in hand Will be now seen to
possess IT, and this fact VIII stimulate thousands to
exerton to produce what foreigners require. Moth
ing induces effort so strongly rs the sight Of money:
and II the greater part Of the purchase money for
the silk, stKworm's eggs, tea and other products
had gone back IN manufactured goods IL would not
nave been nearly SO efective to this end. With
wealth will come the desire t0 avail Of the best
RIGS and the general indulgence In Injuries at pres
ent unknown, and 80 will the interior OF Japan be
more thoroughly taught TO appreciate foreign I'm
pUr.s and foreign intercourse generally.
We are by no means prepared 70 argue that this
effect could only have been produced by these means.
have been more gradually. but with equal certainty,
brought aboit and that. too, without the interval
Of staRnatton through which we are passing. But
we merely point out that at the close OF the civil
war, whenever that ID reached, the change for the
better will be more rapid, and popular apprecia-
ton OF foreign trade viii In itself partake or the
nature OF a revolution.