, 1870-03-07
MONETARY amp COMMERClaL.
MONETARY,

TIE attention Of the nustueas public ha7 tcafcely
ever t<tn uo1e as'erts.o1y n1ed upon tne price Of
e-.d trau II nas drrrx the plst veef- EreT1oue
:rlsozhnats lhss toe caoaes xhtch uow detef-
rire TIE ecnrae Of the gold premium are leg1tl
rp4sr. nd entirely Different from those winch
heye carsed tho speculative fluctuations dunn9
.ae past four years: a1d for this reaAon TO one
uto has Il yrttiguted the csuses expecss 70 see
npy cpps1dt ttlhtc up xefd reaction, a. has Alva!B
reen trs case when tho price has been put DOM
Is co1bInRuobs ol spectators. The Q7eaaous
III most importance row sfc: How faf
will gold oec'lte7 and, II 1t ahoold !
30 TO rsr durt,g the Ecx. stx months or year, |
aould It ttsy Ihere In ausuer to rns frst OF |
t1ete aufstSns we can ocly rec:ss tho CAGES
Which Gavr from t'tnc TO 'inr durpR the last dys
uortrs teen po,Eted ont IN TIE TRIBUNE a. likely
10 produce tuas The effects that have been dxpeI
encxd III ,he decline OF gold. The primary cause
| oI this doepEaId n ovement OF the price OF gold
| e as IN the abundAn. crops OF ls6a Ine exporter
The lsIFe surplus Of these duf:u8 1ss3 decreased
| TIE export OF gold 20 that the exports IRON the
| Fort o. Nov York vere only &sa, ,1o9, ,s4s In 1883
| egaipsl 80 64'6aa IN ISIS, aud the 1oercase Of
| tpec!e tn the courtYy In 1869 wRs probably $751;
| cGG.O90 to 10000, ,Otp. In the nfse PzEs Of thiA
,csr, also, the eIportaole surplus or tue
| great coron crop, tue soonda1t grain crop IN the
North vest ard In ClllfoEula. the fAcfease OF pc.
EoerEn exports, and The euormous expectation
Of bcnos all coubir ed TO make the export OF apes
| Gle 1ece4Eary IN thb settlement OF the foreign
.laoc hxla1ce, and allowed the spec!e pIoduet OF
The u,.rt 8, whch Is Wobably at the rare OF S'a,.
COO lc0 PET gear, 10 aGcom7ls.e ID the country In
hcdu:or TO this toe Imports OF foreign specie
.,,-, Er,nrr AND The wesr Inftes nave Increased.
No. ~ 80 ~ ~ s,sc,. uh,cn have cnre ,n.o
Sex fo.k ,tom tnose cour,stes, on regular To-
vhces, titce January !, show that from that
tOu1ce aeout SIS ECO DER year is addec 10 tue
, s,ers. Em.pfhn1s also brig in large quantities,
A. d p,onso,s 81 ooo.toe pss yesr IL nov coming in
J h. that lueAna SoR. when, IN connection with
1n se .sc:r It Is remembered that The increase o.
ernn..at,c frrp,1s OF cotton thta rear oyer last
oil, ha .rorth f2a o eco IN uto tt mus be anp1r-
1 et, ,h.r these accuuulsuans are tbuud ant cause
for the decline IN oon. this accumulation OF
: pn.a IA ute,ets canta Tor any trade purpole .ss
1uo as onr currency Ia exclusively papet uuul 1t
!; turned into er.enbaces. Here il abundant res
y ann ,oy Tim enhancemeut of tha rade value OF
: r1eenosc.s CT, IN o,aer words, tho fall io the
Z | mice nj reld and In arsWef to the query, "8oW
: tnr vii enlu uec.ioe W.T. can oaly be sall tbs
,hose cantes ARE vet rating In Iul force aud Il
!, ;orr =. tney do 70 the Repefal tendency Of gold
:. rrst be down1ara. But II Kold should 80 to p..
trorn thcse cauaes II would pot necessarily stay
!: there unless Coug1ess took somE
y .lrna ia rerre tho ateepbacts. It mtgn
d 60 70 mar from thcee caufes, and Jet tho govern
rc,, t,xe 1o mere gold to redeem its eree1back!
: ttau IT had when po;d Vas 1875. and ns soon =
= ,.po,,s Of po1d were revived IT. prica would g
h 10. l. ro.d should 50 % p,r, the mstntsuance o
i: RE ea&ls would dept nj Oh one Of TWO thtngs
te ,.rie1 mai Crpc.e.s enould retire SON. Of tn
- .,ee1uacts, OF c.se That the bus'ncas puos:
:. ttould determine to accept gid ~ the money Q
IS nrct uus. nkd Just Al 5000 ~ there vas suF 81
u Lice au!e dtnAesca between gleenhacks a.d 60:
u tal the latter pal. and tsSe The 1of'nsr ~
r,cptr ctaeount THIS would ua'otaln The spec