Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-12-02

The recommendation OF Governor Listener lor INC va
emit ssnatosbip, which we copied the other day as
from the Dnvillo Register, should have been credited
to the Appeal, Of the a town.
THE FINANCIAL POLICY OF TIE GOVERNMENT.
To the Editor Of TIE Wig:
1t is q matter Of deep concern on the part Of every
sincere patriot to witness the constant depreciation Of
our currency. What is the cause thereby Clearly
not q van. Of faith In the stability Of the Government or
Its ability ultimately to ply principal and interest. 1t
arises merely from the redunda ,cy Of circulation, thestsr.
nation of business, and IL partially aided By the fears Of
the timid, and the operations Of smug slers who have en-
HANGED tho price oil gold far beyond its proper value
Parties Who have been engaged in the purchase and BALE
of gold have, perhaps, not rta scted that they erect the
standard Of value 10 Richmond which affects the farthest
portion of the Ooafederscy, and that their small transas.
tons, Bringing them only . few thousands in profts,
costs the nation tens Of millions. For every advance
which they make upon the prizes Of gold, whether to sat.
isfy the demands ola frightened coward, or to enable
some operator 10 suuEgle In goods from the North, to
be sold again at z 900 per cent, relative depreciation oil
cur total currency is eH eted elsewhere, and q cores
ponding enhancement OF every description Of merchan-
disc and the necsssris Of life. 1t affects With dreadfJ
severity the roor IN ma families 1t strikes at the very
visls Of the nation.
But Is a not here alone tia! . corrective 10 demanded.
Iucompeteucy rulos toe Department, which should be
The lfo Of our 0orsrlnsnt, for from themes flows the
supplies which carry on the var. The Secretary Of the
Treasury has had no nIed policy. He has presented
none Of the carnations Of genius, which have been
locked for, uslss the late "scc ,~ntricity Of genius"
may be called one, which stirred his virtuous heart al
the reflection" east upon the Government by ~ciissns
Who were anxious to aid in relieving the wants Of spl-
fsring aoldierI. He ha hsen v~secilating and nnid-bAs
adopted cue plan to-day and another tlnorrov, and
has haAl, dane vhali 0lly recommended thit q
forced loan should bs tskn fcom our citizens, and this
the Congress voted down. He has perfected nothing
Too late in the day he has attempted . plan, which h
formerly opposed, the purchase Of cotton 9th the boadi
Of the Oopfs Ierscy. fsslvs molths since s millions Of
bales could easily have bson p~lreaasd At s cents per
pound for boads, or total Of Ab,a! 100 millions ofdolsrs
70 day that 5 millions Of bles would be worth, in the
ports Of England and France, 800 ni!ions IN gold
rnis G government could have had tas destiny Of tic
world in is hands. IL could have crushed the hopss Of
oLcr nations in IN instant, or achieved our indepen.
dsncs. Il, could have sAid. "open cur ports With . asst
bull. for us and take this e>tton." O.hsrsse, owing all,
shs torch could al any monent b!As: tho hopes Of an
ultimate supply through other channels. To-day the
price Of co,tpn Is doubled. i 10 difa;ul. % purchase il
eth bonds, for the esnsrs prefer ready money, and
many prefer to hold II il snsersiop Of ptscs-pay
THAR hopes .oou Be verified hat I sinno. ss il 70 day
ss Do 10. oss uors than 500 niliors. II u easy 70 pay
that, bat 1. sIl no, b. easy to pay the deb, shich icon
sinusd depreciation aud Q long var nigh, bring upon us.
If the Pcssli,n, . nos All 90 IS 70 the uttsr incap:ei
~ Of HE Secretary II the incubus must stil remain b.
cause Of tn. danger OF changing pilots Ia . storm, tSs
~insIec. Of the Pr-sissat should Of lssst tndssvOs 10
iathon the sbys bsassth cur feet, and st,ps soma
financial scAsns 90 rslisvs Us. 8asgss.isns can b most
nspee.fuly Hsis, s1d. ? elalee, . gaia OF shest
may scnsGuss drOp from the bSshsl Of chan. Stop
IA 70 lu~iasey 81 7rsSa'y nsts. Lst the ptop's W.
d,s q lt the. ro ~ thsr s,ue Oil b madh Take liz
Is doubtful snd ~s1pc.td isJue which BIS basn eoua.
Ersi,.d, ana gise The public 9 better sd SAFER hsus In
IL plac,. Beyond thst AID tie renewal Of vel sIscutd
nots fs the pres,n, iarss. lot the currency no; b
ind ,4d The value OF sloLer dollar. Dali upon the PEI
us Of the south W IKE bids for bo2da Sci! ave han.
died nj lions Of them, II nsc~esssry-psrehasj che cot
tsa crop, aud pay tie surrsns sspsnses Of ls Govern
usnt slss. La ear circulating nesium be lnitsi. LAt
the people understand de 10 rent Is % much, aud no
further isu, il 70 b made. LIST the oonus,snd trade
With Y.nLssdoa b, thoroughly s~solshsd, aud the E.f.
a,Lsrs in gold sui 8 &c bark notes, 70 the dsprssiatoo
Of Confederate currency. BE- promptly punished BY the
| ~enscion OF ae avs, II sbis be done our sIpeases
will b grsiy lssous3. GU currency rendered more
| valuable, ana oar sltin.tS debt dininishsd nearly ons
third.
The Sc cary Of the frs,.u,y has di,iAined TO ctll
upon CUE people 10 purchase he bonds ia The good ole
G.shioaed Way Of . king Tor tid. HE printing presses
can give him Q constant su9ply Of noLss. ard Why slosld
he b,.her his 81 vsicL brai1s With say estimate o. %
their psObabl, vslusi Oar ns6o, Is 10 earnest. Il
values ito liberties aid means % maintain them. j
surely d Of lees, worth The experiment from The dieni
asa and sstuts indiviiu4l, Who controls the p;ia,ins
prss.es, to sst The nation whether they are In esrSest
| oh. ther they prefer to lend the q overnment their sur
plu, nears and tGks is toad5. or TO have . oonliboed
shoser Of Treasury uosas, which ultimately may bleI
out ana ETA . oil knoWu 6rsd standards OF valua.
n the peopl. do M. respond fsvosably % tho loan
t1ey cannot "a The towering nAsc OF debt which vi
DO Pike UP sp,n our Government BY The eoostAn: 90
h~ancsnsat Of vLuss-y they then prefer to hold o. "a
Lhs rags, which the greet hasnssr from Wurambuf
hiss % protus.ly tsad ned them let the printing Pre- se
70 To on. I. 10, .. any rae, worth tsdns. "
fus Ln, o. fss srtAnsl SUsBsAn.-fhs steamer
S.16ssa. loaded viii ~ m inidon aud srm,, and l.s'
amour, VI cGd elothitg and iAe:Oy Supplies Tor . nru
/, ColunLi,, 8. y. sail a diree. fson Llssrp,,i Oa Ih'
n hSspsmbsr she made Ne~ Inl,i, Nssh Carolina, apt
upon e~nte,ing tbs harbor va ca ei snd ed u;ol "
the hlocklderG Sac stefsd for the fOrt, Saich lied 9
,hot o,er bss. A. the foss hs1 no solours tying, II "a
lhouzbt 10 b, 70 the hands Of th, Ysnts!s, snd Shs' III
sho. VA O, hsr. The Captain stopped. ald being ls'gi!
loadsd wish pSsdsr, yelled 70 the bloeksder'. H.:
our io,t sbosn iu eolourS, . very Important G rso Sout