The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1861-10-19

The war caused depreciation in the
| Southern State Stocks, SO largely used as
bank securities at the West, and this,
of course, DEPRECATED the bank bills.
The depreciation went SO far as to nearly
growing States, we conclude that, taken as
whole, the crop now gathered will be
above an average one. This will afford a
supply for home use, and moderate surplus
for export-not enough to overstock the mar
destroy the bank issues in ali the States west
Of Indiana, except Iowa, and the result was,
that for several months there was no money
afloat, either TO pay debts OF to buy grain.
Latterly, large amounts of gold have been
forwarded from the East, which is beginning
TO find lis way into the Western country.
The constant demand for breadstuffs for
I Eastern consumption, and for export, will
tend to greatly increase the circulation of
gold and specie-payiDg bank bills among
now being expended at home by our Gener-
afloat. The Treasury Notes, of which
million dollars day are now provided for,
and are being issued, will during the con-
tinuance of the war add greatly to the sound
circulating currency of the country, and
money will soon be plentiful, at least among
those who produce the necessities of life
breadstuffs and meat. People must eat,
and there are about as many mouths to be
fed in war as in peace. Those who have
crops to sell will therefore find market for
them and as for breadstuffs, the foreign
demand aud the abundance of money, will
keep the prices up to paying figure, at
least.
The expenses of the war are immense,
but they are largely charged to the future.
in the form of Government loans, to be
gradually liquidated over long series of
years ; and, unlike all foreign wars, the
money expended is not going out of the
country. On the other hand, we are i'm
porting little foreign Merchandise to be paid
for, while we are constantly receiving large
amounts of hard coin from abroad in return
for the surplus products of our fertile soils.
Il would seem as if an overriding Proyi-
dence had so ordered the seasons aud the
course of events as to prepare us for the
great contest in which we are now engaged
for constitution al freedom and the final es-
adjustment of our government on firm,
permanent basis. a..E
There is some anxiety in regard to the
system of direct taxation established, but
this Is needless. The amount to be raised
annually is less than two dollars for each
nhabitant of the Free States. 1t viii fall
heaviest upon those best able to meet it;
and very few persons would hesitate TO vol
UNFAIRLY subscribe this amount, to support
and maintain free government. to the in
fuence Of which we are so largely indie bted
for the prosperity we have enjoyed.
To the cultivators of the soil the present
state of the country presents the strongest
incentives to exertion. Their products will
be in demand, however much all other COM
modities may be deprecated. He W no fails,
through fear or sluggishness. to put in. ev-
cry acre of wheat possible. and to increase
the products of his acres to the highest
point, fails in his duty to himself, to his
family, and to his country. There is ev-
cry motive to increased exertion, and to a
careful study of the best methods of Guilt
walton. If all other incentives fail, the GER
tain prospect of full returns for the products
of the soil will surely stimulate to active
and aceN- directed labor merican AgricWI
turist. r-..