New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-18

osncv upou the future. There is no injustice
in this. If our descendants are to reap certain
great advantages, why should they not bear
their portion of the burdens
Two things go to make up the value oil a
paper dollar-the good faith and the ability TO
nav of those who issue it. Where these are
present, for all the purposes Of an internal cur
rency, paper is as good as gold. 1t is Politicai
stability, in all cases, that gives value. Goid'
without any government, would hardly be worth
any more to an American citizen than the iron
coin of Sparta; because gold which cannot De
safely invested il of no more value than paper.
Look for instance at those miracles OF financial
ingenuity which are called Confederate
Notes." They represent anarchy, and anarchy
only; and even Secession traders shun them aS
if they were infected. OF course, those who
issue them howl with rage, and pass laws or
issue proclamations which they fondly hope
will give value to official rags The Atlanta
(Ga.) Confedsraey MAY 3O) is for hanging 'nose
who refuse to receive them in payment Oh
debt. It will not do. The more they hang
the smaller will be the Yaue of their SHIN
Masters. The scheme was tried upon large
scale, long ago. in France, and 1t was a per-
feet failure. Old and young, gentle and SIM
ple men and women, went cheerfuily to tue
quillotine, rather than take ssslgnats. BaheIS
and butchers held on to their loaves and JOINTS
until the last moment, and then mounted the
.c.fTold, no doubt with sense OF relief. beg
oar. turned I'D their sharp noses when the
notes were offered them. " Ii you present
them" wrote q clever English lady. "wlth "a
sgnat,, they refuse, saying: we nave
enough of this sorry paper--it is bread we
want and 50 went blithely to execution. Inc
sage of Tie atlanta Conjederaey may draw u
lesson from these historical facts, if he ever reads
history, which is doubtful. The assignats were
worth nothing because the Government had no
value: the Confederate notes are worth nothing,
for the same reason. What made Bank oil
England note. even in times when the windows
Of George. Ills coach were broken by the
mob. worth hatful Of French assignats Z
Perhaps The London Times can tell US. IL
certainly drew splendid deductions from the
circumstance at the time OF it.
Thus far, the United States occupy substan-
TALLY the position Of England during the Bona
parte wars. Our commerce, with the exception
of the cotton.carrying trade, has not been ma
teraIly impaired. Our agricultural production
-. I,l
resources are quite independent OF the rebel
lion. The pursuits of industry have not been
neglected. The spirit of the people shows the
popular confidence in triumphant termination
of our difficulties. This 10 u feeling which is
far more likely 10 continue than TO diminish;
because it is a general conviction that the Gov
ernment, being very much in debt, vii, never
be out Of it, should Tie Rebellion triumph. We
believe that Boston capitalist expressed the
universal feeling. who said, upon making large
loan TO the United States: " II "e are 10 con-
ouer, shall be paid-if wo are to be conquered
have no use for money" For our par'' we
have no forebodings. We are strong, not merely
in our material but in our moral resourcesi
We have an immense and intelligent and indus
trious population; We have not, and are not
likely to hare, any foreign complications; we
have nstitutons-politcal and soclal-to which
we are fondly attached we have wealth and
sacred traditions, and good cause upon our
side; and as stout heart and productive
people sustained England during the darkest
days which che has seen since those OF the
Stuarts, so will they sustain US until our skies
are once more clear, and there terrible storms
have absted.