, 1869-09-29
MONETARY IND CtIMERCIlL.


TUESDAY EVENING, Sept. -
The r<!flest wisruenrs ATE very much bc-
fcfVrd h. The 1ecctt GOLD Speculation. II Is their
habit to rrfer eer-r nuc:na.ion IN the price Of
gold 10 political eanEe, and toshrtek for Eegtsia-
tive or executive care for every new feature
which may s'c construed into an imaginary cYIL
The supposed eri. In thls Gaze was the tm>uay
depression 10 the vaine q! EreCnhacka We say
~'1naglsRsl," htc cause IheFe wns no depression In
&c prtcc Of rre~nn1rks BY the recent
advance in Kuid, hut the politicians
tmaE.rcd tina: 10 acecrd with thetr
Theories. there oaght 10 I've, and 10, as ttc
prize OF Erlo ran up to lkl, some OF the political
orrsus were frantic over the depression Of
EosernDent cTe!,t ~ represented by gretnbacks,
and began to shrI-l, HSlye Us Bout xeil or We
pertsh:" 1t Is Understood hy every one who
ylex1 finances from commercial instead OF =
political point Of y1ew-ihst tho vn1ue OF green
tach4 was not Depressed single mill by tho re-
cent sdsanec In gold The proof Of this IL that
The currency prlcr Of no article Of commerce, no
product no bond OF security, was increased BY II,
Al 1t wouh hare tceu II there had been any de-
probation III The <aue Of Erccnuacks. Does aug
ore. ufon an tpssantf reelection, suppose that o.
Friday. when that old !nnsno Speyer sasldeniy
'hid 16o, IN New Tork, for gold, whtn others wrre
OILY hlddtEE is, and his example excited other
iuhatcs Ike him 10 actually rut up tae price to
7"'-'lTe" any one suppose that the government
The ruth il thas the recent corner
on tic catn gold In The New York market hsd no
or tonntctton with the value Of gtcenbacks
fEan "cnruer "ou whrat III the Chicago market
would have. Gold has been made q commodity
hy the Leral Tender act; anI, Notwithstanding
that It Is avtul nnney. IL mt used ~ such Its
furetlcu a circulating medium has been nilel
~ iIconse1lia!c government currency. aud, while
1t Is sct the Circulating medium Of sne rest Of the
and IL IN
naske:4 tn uea&ure the standing OF tue govern.
ncnt e7ciIt, n Is with Us as much . commodity as
~hest hF rom. and. as WIS proved list week, sub
1-ct 10 greater fluctuations In pf1tn from the eject
If spccu1attor. Had there hcen = corner on
"fc4t in this market, which put up It's price "a,
*sy. c*rr two collars rcr bushel would
"hsoHe Fare nadc tho assertion that greenbaeks
"'r" oepftc'aft1s 81 rer crnt, becauac they would
". only nall As much wheat a II there hal heeo
90 "cnstess" Vet, II ~c aee 10 8,,pppec then at
All noneet IN thrs ctterauccs, thM Il rrceitcy
tne Halefl!aus Position taken hf the New Yo7r
4'puss y acn II drmaM'esl tnat Secretary Bont-
Nes fauu'" sea fo1a ~ crush the gold gamblers;
III " ANo' OF the Ch!ca9l Times tt.s mosnsnS.
Nuen Nht Ao'a1 fES Of ahreEd and unsc1u-
poso". NPecasssosS Planting TO "tcrrcciatc the
vAsuc oi the cuFrrnr,, AMI .ays thai NJ nont~r,
-'cuFht to lnteff+ru 10 protect ths ,r.nr NJ III.
natiop.'' " '1s
stereiAsI boutwell, having, In compliance vt,n
The cAnor Of the the "t'ears on uo,d. nrntrn ~,
pledge that he would not sell rold or Inv hnnas
without dne notice to the public. nov nrrrns..
10 etn thirteen Mtlltoua Of polo hAtrsn.,
tbs and the last OF October, In nsdI
tion 10 this, Nome two OF thsen ,ntl,,on,
arc On tho wsy from Europe 10 this t,gn.
uy, the Importation having been made nscn.,,-r
~ the recent low price Of sterling e1ehaurn
Cotton tuls wilt now necessarily lnczsase =. tasrc
II IN absolute cotton famine tn EnRlxad. Oar
urn1uAl aurplra Of hfeadstuua muzs also b rr,
ported. II uot II one price II another With these
tAncuts 70 citaF Oh our loretGn balance and pr.
vent The cxpost Of sPrcse. can soJ one doute tnss
thu eject Of The Secretary eales OF thirteen mill
tops uf eo,d In the Dext -four weets win c.u<to a
fpasm Of ~ unpAuA and ARTIFICIAL demes41ou in
tic price of gold Il nc have }ntt hsd Of unusual
frnstion5 IN the present Aspock OF thinxR, It
seems prohable that the thirteen n{l1,ous Of gold
-belopKtEg to tho people xhith the Eccfatxry xal
-seil, vii not Average pvet rs or 1s6, The late
"cn1nef" on tnld waa no suddeu Development
IL hka heen vel knoEn. fos nearly: =
month pssl that 1t wa hrrx1oe, nna this
was proved BY the gradual advance IN the 'pf1ce
OF gold II Secretary Boutwell, really dtsiscI 10
presootA corner :" in gold, !. Mpltt have been
essJ for htn 10 have done 50 shtn, mad by ee1ttnz
hts fosd 4 IN aTe1age OF, xay. 1sl to 1s1 ~ he
could hsvo dune. vouid have pns \ million dol.
ian Of prunt tn the T1caauIy., Why not look upoo
These IT'LL q ~ tne1 reilly aro: Tia se9stszJ
Mods 10 trust. Tor tho People, large amount Of =
cera!n commodity Tor 1h!eh II IL nia duty To gst
tne highest nartet prize, taking edsantayn uS the
sahest - prudent commfssto1 merchant does
-1s Els eoatt1J eassonsr, The chief dlrereace IN