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The Daily Dispatch: April 20, 1864., [Electronic resource], The Retirement of the enemy from the Blackwater region. (search)
Gold and Federal credit. The late intelligence from the North shows that gold has begun the mad dance that indicates a panic-stricken public on the subject of the finances. The credit of the Government, Federal, is getting unsteady, and men who have amassed capital out of war contracts and otherwise, are inclined to put it in the safest and solidest security — gold; and the next thing after that, is to transfer the gold to the safest place: viz, England. Mr. Chase has had Cisco selling gold certificates, to check the advance of gold. He sold at 100 for 164 when gold readily brought 169 in greenbrier. The certificates were receivable in custom house dues; but that did not make them as good as gold. Ordinarily in peace times, the certificate would have been better than gold; but not so now. People are not so sure that the Government might not put off these certificates, and they do not answer the purpose of immediate and safe hiding away till after the war, or to be used in s