Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-11-01

THE TINES AID TIE GovEASNExT.-The
following. from the Washingso n correspondent
OF the Baltimore Sss, explains The course the
Gorernmsa. viii take in the present crisis:
TIE government being Justly spprshsnsivs Of
the occurrence Of 4 deficit 10 tie revenue which
is relie3 upon to meet the aPPr0pristiousf or the
n7essut fscal rezr, has determined 70 commence
a. once Z reduction Of expenditures. Msnyof
the appropriations are Of 2 character that can
be legally deferred. Orders have bean given %
discontinue works It the navy yards aai arse
nzis. and the work o. the f0r4heations is 70 Re
deferred. The public had called for a more
active prosecution Of these and Other Pn0hc
works. as a means for af5rding employment
20 Numbers Of Idle and starving laboreFs daring
the fall and winter.
TIE Treasury has also closed fts doors 10
farther redemption of u. S. bonds. which 20
usrv bakers and merchants, bo.h % this ard
ne ether SIDE Of the Atlantic, j. 4 grier-
Gus AZ sDpointnent inasnuch as various ard
iuaartan. business operations have been based
au3n the sappBshiOn that certain Us. Stoke
would be redeemed a II per cent premium az
ter he lst Of November
he government, It is remarked, show bg
these measures that isis alarmed, and e~essssto
present a bold front 70 the country. But is
taere not gsc1 reason for alarm, and Why saond
tie goEerameut exhibit unfoundsd confidence
"a early restoration Of prosperous ACTIVITY
The fact IS generally admitted that changes
and eurrss.cs. and business, AID credit are now
more completely psrelyzsd al over the coua-
nv. than at any line siuce tie l4rh q Augast,
when the rsvuision eomneaced. TIE govern
usat il obsigsi 70 heed these facts
o. the cher hand, the SscTetsFy Of the
Traasnrv has determined. a. J learn, rot 70
vitbSrsr fom the Stint the facilities Afforded
II bis discretion for an sdvasee Of cola % the
dzn,sifors Of bullion. Il vas strongly Te1re-
ssste7 - hin that the withdrawal Of these
FACILITIES. requiring ab5ut SIX or seven nil
Ions word rneck the coinage ard increase the
embarrsssments Ct the currency.
Toe reDorts III reps 20 The Treasury Circu-
lar. asking informa i0n IS 20 probable ilarof-
tstions for the nert year or tEo, are 5sgin-
niagt to come ia Ihsy coqcur 40 TeprsEen-inz
that The imports ~ taifoSo E'a' sasaEs ana
z4 marpero Of 3uxuries and fancy goods Nii! be
s.-Ioaslg diminished, but int tbe demand for
- ~ rooss Of ordinary cons Imption sill con-
tn1s Il he present rate.
n sboaId the Uns.ed States g-0yeraneut find
lie revenue unequal 10 ordinary and ecehomi-
81 exsendiures g. time 0t peace thing
which has happened, and nay again appel-
shsv would not, az sach atiae as tnis, resort
- loan, BIT t0the issue ~ treasury ro-es-
The cal s0f Q losn wouii OILY serve 20
e-.szlfen he noneF market and augment the
rrszsre = seress h issue OF treasury
-eEss vrouId Be : acceptable ard nsefai sd-
i0 - he currency Of The eounfTy. But
fsa-e erAil Nv no ground fort the belief that the
ee~s..,s vnH fall short Of necessary expendi-
49,. farthe pressn. OF the next fiscal year.
se6eit ii TIE reVsBus tor the Hsxt fiscal
80 musf n course. Be met By . radical re-
1scfion Of annsesssaTy expenditures.