, 1862-01-09
AN IMPERATIVE DUTY.

We see in the talked Of arrangements at
Washington, for supplying the financial
wants ofthe Government, no intimation that
bank paper is to be subjected to arestrictiye
tax. We hear Of preparations to issue, In
addition to the Fifty Millions now a6oat,
One Hundred Millions Of Demand
Treasury Notes, and Of other and Of per-
hups larger issues to follow this; but, cou-
pied with the plan, we have no assurance
of the legislation which must accompany
these floods Of paper, to save the business
and industry Of the country from over
whclming ruin. What are our Representa-
tiyes thinking Of, that they have not
made this the leading idea in the
discussions, references and motions that
have already been had2 Are they willing
that FIVE or six hundred millions Of debt
currency shall he added to the debt-cur-
rcncy issued by the banks? Do they
desire to see importations pouring
in upon Us at an unexampled rate?
VIII they stand BY md see, without
1emonstrance, the preparation Of the
agencies that will stop expectations Of our
great staples, by go increasing the cost Of
production that they cannot be sold at q
1emuneratiye figure in any Of the markets
Of the world? Shall the country lose all
lis gold, because Congress dare not do its
duty? Shall the expected benedcence Of
the new tariff be neutralized, and all pres
ent manufacturers be compelled to submit
TO bankruptcy. because the country would
destroy By its currency all the advantages Of
its promised protection? Shall We come
out Of the war the possessors Of eight hun
cred or thousand millions of iredeema-
ble paper, OUT credit destroyed, our indus
Try crippled, and our resources buried up
under the wreck Of misbegotten
financial system, because Congress was 8
coward? Let the Representatives, espe-
cially those from the North West, answer
these questions; and, if they have no care
for private interests, let them remember
that if this issue Of paper from two SOURCES
is permitted, the Government will be utter
y bankrupt before the conclusion Of peace
and that nothing but their action NOW
can prevent that lamentable result LIE
them zee, as they can at glance, tha
every fnerease Of paper 1asney Is an saereas
in tie cost Of carrying on the Gonernnsen'
Is debt currency i multiplied, prices .oi
2ise; and campaign teHseh tci4 non CO.
fly millions, eeould, ds sosn as til
d1noaaf Of Bank and GoueTaHen
paper IN circulation to-day il doubled, CO..
one hundred ond ts5ty millions, at tie Ter
least that, if the public expenses are nor
five hundred millions per annum, they vii
when the imitation comes, run rapidly u
to fifteen hundred millions year; and tha
cary dollar Of debt eo11traeted, when price
are multiplied by three, aaust, By and By,
paid in tbs SOLID gold 4shen speeH is the stant
ard. Let them think Of the injustice the
will do the soldiers, now in the field ,
fixed wages of thirteen dollars mont
when, By Congressional inaction, thirtee
dollars IN paper become no better tbs
four and one-third dollars now. L
for generations to come, to pay the iutere
on the Great National Debt which an i
Hated currency will leave Us a legacy
evil. Let them see that though We M
conquer a peace, the financial disturbanc
which, if the amount Of paper money
not restricted, will beset us when hostiIitj
are al an end, may be the cause and jus
fication Of revolutions more radical, CO.
prehensiye and dangerous than that agai1
which we low contend! In a word,
the Representatives open their eyes a
look about them. No set Of theirs is o1
temporary OF revanescentcharacter. Eve
law bears its impress, and every sin
omission has its effect, on the DO
polite for all time. # they are n
enough, now, to legislate, not for
momentt but for benefcent effect up
the coming future for prospective Pc;