The New York herald., 1862-12-11
ought to be removed We hope that Governor
Seymour win make note Of this'matssr.

ought to be removed, We hope that Governor
Seymour win make note Of this'matssr
JAcosNIcAL AND RECKLESS TAMPEsEd WITH
rHE CURRENcY.-Our readers no doubt have
perused with no little astonishment, and per
haps with some alarm, the bill published few
days ago In our journal, introduced by M.
Stevens, Chairman Of the Committee Of Ways
and Means of the House Of Representatives
No bombsbell thrown unexpectedly in the
midst of camp could have excited so much
CONSERVATION "a this financial bombshell has
produced throughout the. e.country The mme-
date effect on the Stock Exchange was rise
in the price of gold stoppags in dealings In
government securities, and a rVsh upon fancy
stocks instead, as was noted in our money arti-
Gle of Wednesday last, whore it appears that
gold rose to 1927 and exchange to the enor
nous rate of 146L.
What can Congress mean By tampering IN
this wild and reckless manner with the cur
rency of the country As if things we're aot
already bad enough, as the depreciation Of oar
paper circulation and the enormous price Of
gold had not already attained dimensions sP-
palling enough, this bill proposes to food tho
country with an increased cataract of irredeom-
able paper. Well may 1t be said to this rump
Of parliament, this fag end Of dying Con-
gress, in the indignant language of Cicero
"Quosque tandem catalina, abtere patientio nos
tra ?"
Already the country is suffering from heavy
depreciation Of the currency; already the prices
Of the necessaries of life have risen In cOnse-
quence Of that depreciation to ruinoA
height and here we have Mr.. Stevens-s
petty lawyer from some obscure village In
Pennsylvania-a gentleman, as it is to be pro-
sumed from his habits and associations, totally
unacquanted with the correct theory or whole
some practice of finance-introducing q bill
virtually to Danish gold altogether from tho
country and to overflow us, already flooded a.
we are. with an additional avalanche Of ire
deemable paper.
ltseems like the expiring effort the last dying
convulsions Of Congress repudmted by the ma
ton, and no longer representing the voice and
will of the people, to do the utmost injury 1t il
capable of in its dying struggles Language is
scarcely adequate to express the true chs
racter Of this financial measure, sprung upon
the country by the little fnanclers who have
unfortunately for short time longer the fate
and destiny Of the country in their hands.
1t seems like vile and premeditated scheme
to play into the hands Of money brokers, stock
iobbers and usurious sharks, to the injury of
the great body of the people, and especially to
the ruin of the poor soldier, who is now lighting
our battles for us. Shaved as they are and ~
they have been, deprecated as is their pay
(which, though nominally thirteen dollars .
month, is now in fact no more than eight or
ten), here is ruthless attempt to rob them
still more, and with them all the industrious
and laboring people Of the country.
The time of this Congress is short; but in that
short time what injury the Jacobinicsl and ia
natical elements at work in it may inAict upoc
the country is pretty evident from this begin
ming of evil.