Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1862-03-05

I.I ffN NiuIN'HN.
lr.fs rnlom lIyuu will tolerate
bHy and prsumriion shall olltr
~ Ir.,l td,m ,u ihc present lemenhblc
.rdti.an OF cur financial affairs Our
s1rcumcni sat present id0irga help
loss wreck amidst the .,rol rcels ol q mur.
,erous ~ war, aud unless Ne stand out
1ohly To- her rescue fheVill I've lost. While
.ho nation is overwhelmed In debt dis.
ord and revelation the ruling passion Of
our moneyed men seem, to plunge IL deep.
cr in the vortex OF ruin like Algerines
when a vessel is wrecked on their coast
hey are oil striving with each other to see
Who can obtain the greatest amount Of
spoils, But the people are beginning TO
awake from their letharpy, and are asking
themselves chow shall wo furnish the
government with the necessary means of
subsistence Will e crushing the rebellioni"
II appears that there il not specie en-
ough in the country TO meet the demands
IT The government; and is il poss-
ble that we must g. into market and bor-
row money a! a ruinous interest! Is the
government so much reduced that hor
paper is at a discount We live in extra
ordinary times-surrounded by unprece
Tented circumstances, and we must not be
surprised ifextraordinary measures should
be adopted TO meet them. When !ndi-
Yiduals fall into reverses it is customary
for them 10 give their notes payable on
soms future day. This policy is .uniyer-
sally practiced in society, and why cannot
the government adopt it? The Banking
system has driven all The specie out of
circulation and is now trying to suhugate
the National treasury TO its will. lfit
succeeds we may then expect to see oil
the horrid scenes of the feudal system re>
enacted in this country. "Patrician" and
"Plebian" distinctions of society will arise
and the lordly mansion will then be
seen standing surrounded by the hovel
Of the miserable serf. And what is our
remedy? l am sure it is not in flching
from the government enormous contracts
or demanding Of it a ruinous interest
but to stand by her as we would by a
fr!end-furnish her with the necessary
means Of subss tenoe, accept her treasury
notes as the best she oan do tDr US q: pres
ent, and await better day get them re-
deemed.
Il may be said this would be establish
ing dangerous precedent-but then we
live in dangerous times, and unless some
means Of salvation is devised we must
perish. And it may again be said that
this system would establish and food our
country With deprecated currency
but then is no. our country already over
run with it, and is it any greater sin foi
the government to make paper money
itself, than for it to allow and authorize
corporations and companies 10 do so?
If the banking system had not inflated
our currency we would not DO suffering t
day under the weight of stupenduously
increasing national debt; for, if hard mo
ney was the only kind used in the country
contracts cou Id be made for half the cos
that they are now. But as it is, contracts
are made according to the extravagan
prices established b! our inflated or un
sound paper currency. and must be pal,
according to the principles Of SCUM,
specie currency. Therefore, if we mus
go on in this ruinous policy let US go tn
whole hog OF none."
Yours for Reformation.