Daily Richmond Whig. [volume] (Richmond, Va.) 1861-1862, 1862-01-17

= the 70 ca4A rom Tue DAlhcTs COIs4lIs
e-eary OF the Treasury wrinkles hs brow; Congress
xde, and po.teTs over thorny question, aud uoh
ag better ca1 De Ec'se than the ssue by the Fsde
- Goyerumcrt Of al III, iC ENABLE circulation OF oue
I ndred snd fifty millions m paper promises This
soul suffice NEE: toe pressing e1igencies OF tho mo
uanL
Some expedients however are only 70 be commended
Il desperate strlif- TIE Federal Government already
owes three o. four hundred Millions and the people will
BE- sorev tAxsi even 70 p.g the interest the debt
A hundred and f.t millions in Treasury notes will bu,
e. D.nd tire Indebtedness Of the Government and prove
Sigh, and temporary relief the war is to continue
m uy mouths. OF this scheme is resorted 20,
III Northern banks u5. suspend esl payments as they
cannot possibly receive aud redeem the issues OF the
e yerrmen. AMI their own likewise. suspension i'm
usdasly enhances thl Comparative value OF the pre-
oU5 meals ard drprcla.e tlat Of paper money. For
while this will be materially felt, as the Treasury
nts vii pass irc hand 10 hand, and COL stitute con
yepicrt curreucs Bat One Uoiei States import largely
.,am rope end Ewing nothing 70 offer 10 exchange
must need pay tlt teg purchases in gold Oae OF the
sonssq leucs OF sisa- on, would, therefore, be TO
r-r d gold 10 % ..E 81. per cent premium.
Again al suca --rie. the oGe referred TO- neces-
l.-iIy augment the d. -ul debt We can readily uu-
,-st,nd the allreue OF fictitious plethora OF money
how iI creates 1eu-iys prosperity; hoS l. sends up
a.. ,z AZ real os-lie nov ministers 20 the danger
Gus spirit OF spce.ati0D, AEd how for while all gOes
merry "a a ualylg' bil. Il s something like the var,
srich gives employment ~ hundreds OF thousands o.
xrylmen aud swell ltc 'vuy With host OF men who
would 9th ,rsi4e 0e ger Of starvation. But every
dollar thus C1psadel impOgeri-hes the Government 10
h, extent and day OF reckoning must come at last
Whea the frss issue OF recoverable paper has been
paid away, secoad batch viii follOE, and then third
and fourth-snd Is they vii stand upon certain Ia
an ofreGempaou their value will decrease like the Con
tneatal money 10 the Revolution, until they become
w1rhesa Lit the Government throw into circu'at on
three or four hundred millions Ut doars Of Treasury notes
ii addition TO the immense loans is has already con-
ac,e1 and how in the Of common sense can they
eser b, redeemed. Neither taxation nor Government
.les viii suffice 20 withdraw annually oneeghth OF the
amount Besides, AZ one time or another the war vii
end VIA ttcn is - be the fate OF the half million
o. artisans sho are now cleaning subsistence as car
p,ntsrs oooplrs Woikmen in iron and brass aud the
Ike. and OF the otter hall million OF soldiers who
vii be disbalded, ard whose pay will cease! Cured
With an irrsLemsbg currency Of base shnplasters, aud
LUCE segment of the population out OF employment
AID out Of money, bow exquisitsy comfortable, ho"
eayi.ble will DO the condition of the Yankee Admins
tya;ioa Is no. the prospee: ahead cheering and in
spring. Are no. NJ Lincoln and his Cabinet Just
reposing upon bed OF roses We wonder II these
ope dFel upca the possibilities OF the future, or
whether they imagine hh. the sublgAon OF the south
repay them fer all their ruinous outlay. Alas II
they have o'Ler hope, fear that like lNoN, they
embrace 4 el oGd.