New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-17

Much alarm b .ng felt, both in and out Of Con
eress, at the probable accumulation Of public
money, various schemes, managed by very dsin.
terested parties, are now on foot, looking to the
depletion of the Treasury. For years the Govern
ment has boarded up the precious metals, some
what after the fashion Of East Indian sovereigns-
despetism and sham democ ,scy having an equally
"holy horror of public aud private credit.
Now, however, the horror has taken another direc-
tion-,he hoard having become too large to be
convenient. 1t is, therefore, proposed to lend the
peoples gold to the several States to be- like the
similar loan of 1887, repaid at doomsday, or some
what later. Will such a measure, however,
benefit the condition of the people? Will it make
money cheaper? Yes, says the Wall-street specu.
Iator. No, say we. Its only effect must be that
of sooner beggaring both the Government and the
people
According to the Treasury estimates, there are in
the country about $780, coo, 900 Of gold, of which
little more than fifth is in the housekeeping little
short of 5000 900, 600 to be found elsewhere. The
Treasury boards vary commonly from twenty to
twenty-five Misunderstanding probably $l75, 600, 900
to be sought among hepeOple. Where, however, are
these numerous and boosted millions This, to US,
seems an important question: yet it never seems to
have entered the mind of the wonderful fnancier
who manufactures the tables which Secretary Guth-
RE unhsppy for his future reputation, spreads be-
fore the world. Where are these millions In use
That they certainly are not That the gold and silver
in actual use does not exceed one dollar per head Of
the population, our readers may readily be salts
fed. How much does he who now reads this paper
commonly have in use? Is it more than one dollar
for each member of his family 1t may at times
reach two three, or ive but, on the average, is it
more than onel Having satisfied himself on this
head let him look around him, among the farmers
Of New. England who use One-dollsr notes, and
among the working men of this and other cities,
ard see if he can find an average of even so cents
per head. Let him look among the farmers Of Hi
nois and Wisconsin and see if their average Of
money in actual use is any more. Let him, then,
look to the three and half millions Of Southern
blacks, and see if they have even as much as one
dime in use. Turning next to their masters-men
who sell bales Of cotton through factors, and buy
bales of cotton goods from factors-and see if
their average viii exceed even half dime per head
of their enormous families. Next, let him find how
much money is used by the Z" crackers, and other
"poor whites" of the South and If be can find %
cents per bead. Having completed his estimate
LET him determine if he can find even IS cents per
head for the population, and if We are not very lib
eral in allowing for each dollar. To avoid cayil
however we will make il $50, 900, 000 or nearly
two dollars per htad-being at least twice the
quantity that is in actual use.
There still remains, however more than $780,
100000. Where are they HOarded by the people,
in imtaion Of the Government, and 10 an e1ttnt sir
times e1eeeding the Treasury boards. Why are they
boarded Because no man among us has any con.
fidence in the future. Every man who reads this
paper knows and feels that crisis is impending
and that it becomes from day to day more imminent
and every one that can do so prepares himself for
It. Let them, each and all look around and see how
much gold and silver is boarded in their immediate
neghboIhoods; let them then reflect that for every
dollar that is known there are ten that are not
known, and they will find clue to this $l20, O0O,.
600, Of which our Treasury table manufacturers
make so great account. Let them next inquire why
they are boarded, and the reply will be, 81 have
no confidence in stocks, lands, houses, nor any,
thing else, except money. 1t takes al the gold
and all the stocks and loans We can mauufac-