{"newspaper_name": "The New York herald.", "edition": "01", "page": "p4", "byline": ""}
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ctuacrcuaon i2l63O3o 2l ,Dl035 6975 2J9 lao


II will be by these statements that although the
amount Of notes issued has since the 9TH July been
steadily diminishing the actual circulation has been in
creasng This has been produced by much greater
duction in the amount of notes hand than in the
amount Of issues Since June oIst there has been
steady weekly decrease in the amount of bullion on
hand From June 2lst to August 9th period of only
even weeks, the bullion in the bank diminished
f9OO0o5 more than fl25 900 per week AT this rate
the issues othe Bank would brought
down to the parliamentary level, the consequence OF
which would be low prices for all the staple articles
OF trade. The drain of gold reported had been
caused by the unfavorabe prospects the harvest and
depends entirely upon the OF the crops whether
the drain will be continued The circulation Of
the Bank of England f2447O5 larger on the 9th OF
August than on the 2ls of June and the OF bull
lion hand 1900 less The condition of the Bank
regulated by the amount of specie and the OF
notes on hand, than by the Of issues The
issues on the 9th Of August f540395 less than
the 10Th of July, while the difference in the actual
culaton was only fl53s9O


The excite in relation the railway specuations
runs In Great Britain as high What the result
OF this mania will be it is impossible to tell but it appears
very plain that the lawyers and brokers will make for
tunes out OF the movement. This railway speculation
has already cheated singular and strange opera
tons, in which many individual parties heretofore hold.
ing honorable positions in society have been
implicated. Cases of the grossest fraud have
been discovered in the subscription and transfer
Of shares in which the uninitiated principals
have been the sufferers the brokers pockeng every dol
lar entrusted to them. The lawyers have pocketed
thousands upon thousands of pounds drawn from the
companies contemplating lines for legal services rem
dered inttendng and presenting the claims for road to
the board authorised by Parliament brokers have
swindled the poorer classes they have upon the plea OF
paying heavy premiums for shares in companies
and in ginary expenses drained the last dollar from
thousands Of individuals, and left many heretofore in
good circumstances, beggars These are some of the
beauties and benefits of such wild speculation as this
and the invariably the sufferers by the delu
sion The very nstgators of these bubbles those who
initiate them purposely to draw in those fond of rskng
their fortunes in such operations invariably get safe ont
before the explosion This railway speculation in Great
Britain will, without doubt result the completion OF
several lines now contemplated and in the ruin Of thou


sands who have anticipated making rapid and immense
fortunes from limited investments