New-York daily tribune., 1862-11-12
The leader Of Messrs. lIallei, & Co.. 3
,be ,,eamer h on tho national flnances:

The steamer 10 on tho national lnances:
Iaa period o. ws vita erorS,. e1PsHdi,are, every IN
such condition h taken Indicating tha oi the nation, ~
Eel as the n which II ensed for In modern tines
..uau s. a. IL ufy resil aud easily hled the psbc
blideus cnns be opgsge nor can any doubt s eaous.
BY entertained 70 the i''ue o. the contest unle" Ia all
10 pects ths bell gsrcBts srs equally matched
50 "a tho has md dcuty the II
on a. tho modes BY which hls has provided but tho
currency has put ahost has served as far as It, own e1
rsnd1fes have btsu all tho purposes Of god and
silver The u Es - i' chiefly csoted TO- are yet
irorisased Il has more thai ono hundred millions OF de-
si uoiet ,f while ha hafdy begun locse the so year
boud. cf which 800 00O ooj yot'd Ia addition 10
these yos II hand hsi tie ns" revenues pro
sdcd by ceplYg tytcm 90 .ens taxation. wcn must,
with tie n4fy foyeages, produce u easi s.oOOO an
Frsn thls s,A,enen, would ,hs, the condition Of
III National Treasury could DO hardly aore iAyoraoe But
can well H. aEne hist r Chase 'aoua lei some appo
That those srsady Issued have caused Considerable nhton
In pss, be doa5L further issue must usces
di 40 tbs lnfstion ~ NJ the prasut time with al
us OF goo 900 Of rsos lJ be tho fair value 81 80
,o w,s Tho i..u. q an sdd,iona sios 10000 win such
s.u. the rs.u stated nusi be spgiolmaiey sPpoaoh,d
AisuuiinE the prcui,s tLe seiaence 10 unavoidable
The other Immediately available to tho Treasury
small Of the Ji0l the $40 yeaT bOnd..
mtte 100 early render he tes.lable investment feo.
rio 60 net want g. pufch-ie security which may 30 paid Of
n Few ys.fs IN kind-in Government. paper They wan,
ayabe IN She golden that & to follow the pre-.
e, one of paper Haucc the bonds lat described viii sol
only sp,ny. notwithstanding thoiE high rate OF interest
4. PAYABLE In gold They cannot be sold In sui lent
en,r,i-s 30 meet the etiscncles o. the Government
Neither viii the from tIaion come IA A. fa. ss
wsHtrd The machinery which L. TO piodlco them 10 only
before any eorierabls recoPss can be expected Iem this
In such dilemma the Depagtmsn, uu'. continue to rs'or.
10 ID. Treasury notes 10 hss DAhns prttent 10 supply
the psce u thee. Neccssy vii iorco hr tlao to over
come h ,cruycs aranst ful.les issue, hom M tendency
10 mt up Ao price II gold Ho uugurronshy begins 70
doubt o. his views which led him 70 recon-
mead the sslo Of demand noes 20 cuency, aud to
hat
Too late TO fe,fscs hs steps. The depreciation i not We.
r,e..ye 10 MIN the notes on hand gery Of equal
value With silver sud gold They pay the army and purchase
whatever q It's ienante ed 90 the vigorous
However muih ito Department may wish to change #.
financial policy oauno do 70 W new LEGISLATION Is obtained
Of Courfes Susi gslOn viii probably usne be one
o. y. ~ -, ~ ~ n; 10 Bet Censss. vii 20.
5o Isiy hastily when such action i n oi,c. conf ci
with Is proced,ns Ih3 isanT Aoe bni wasA tasof 60
mcasuc OF both Hoa,s and ss respect, or love Of oons
s.y 5ss, 5ssy s sSi iass s.se 81 10 ''' a. " '' ''
he sIisni ofthe dspeaiin o, pipor currency. sp
pfcia.n ia te puc' gold measures the de fsn 81 iAe
m lcy - lie acts hl ca.'d le two klds ~ cufencie
b. f 10 ,s!rc Wo DO .ot lI,trdio say wha tii dief
liacint time msy have elopsad ~ dsienino thsi
rsalyo value MAlosef tbs may i", 10 lne should os
io ...uc der,ud .oiel ceiyrle m payment o ts1es
rui ol ie msc.nefy 'pr eud n innci2huon o. iher COT
lection Such i,suc may. uiqlesonsby be mutually ud
. a.ecgs tlo Goytlnleu aud the people b4i la ease
such Issue, means should lvAys bc w'Nidei p we ie.t'
- hich they are usei
such pr,iiou j. he privilege Of converting them nio
lor- OOg.ert boud which may bear very lo" Tai" q
nlcc bond having 100 years % mo, AMI borns only q
cent iutcret. would iumedsely become iayosie .us
rs ol nss,fnf Morry b. 70 becoming as abundant lu
m county ~ l.u and, ald tho bcs. lecuy th' rpie
u.rt4 ass br tsra ricd high l he Oosemmeu' tu'
1 f f,slir slol bono Jne larger ho ifue oi iiesi
r r0'r ino.e Irily will they be couyoitcj on iic
r,f- sbnndrnre OF and lower r,es To- money. in sucf
provision hr refinement oi drmund not,s tho amount
soa caad hi.y b. oi Ae wants OF ihe pco
r's willie those ~ could b. re.igod 10 similar manlf
,u8 gradually tie lct possible amount OF uDh'
diitels.