The daily Evansville journal. (Evansville, Ind.) 1862-1863, 1863-05-14
nA-The Cnnnerbeads are hard TO

SG~ The Copperheads are hard TO
please, In fact they never are pleased.
They are always kissing and throwing
their venom, In 1862, the cry was
against Treasury notes The people
were told that the currency furnished
them by the Government was rapidly be-
coming worthless; that Secretary Chase
was issuing it in such quantities in
a short time. it would take hatlull to buy
breakfast Now, the boot is on the
other foot Secretary Chase Is just as
roundly abused for not issuing enough of
the notes to make them worthless. He
is the best abused man we ever saw. He
is denounced one year for making so
much money that it was becoming of no
value, and denounced the next year be-
cause he didn't do what he was scoided
the previous year for doing.
Verilg the copperhead is a long snake
or short snake as it chooses. 1t can
contract or elongate at pleasure.
1t is evident to everybody that re-
dundant currency can only result in its
depreciation. If two dollars are COM
PEELED to circulate where only one is
needed, the two will soon cease to be of
more value than the one. This, the cop
perheads saw in 90, and by raising a
hue and cry that Mr.. Chase was going to
carry on the war by the issue of what
they were pleased to call shinplasters-
which, after reaching a certain amount
must rapidly depreciate in value-they
deceived not few. Now, however, when
they find that Mr. Chase has skillfully
provided for the difficulty out of which
they expected to make so much capital
their rage is without bounds They now
hiss in the ears of the people, that they
will have to be taxed over Sl,000,00
this year to pay interest on the Gov
eminent bonds with which Mr. Chase is
rapidly taking up his notes. Failing
to get their sails filed with popular
breezes on one tack they try another.
There was plausibility in the charge
that there was great danger of too many
Treasury Notes, and we were not sur
prised that many Understanding citi-
zens became friGhtaned- and-aat rid of
them as quickly as they could. But the
last charge is silly in the extreme. Had
Mr.. Chase not provided some way of
funding his notes, the Government, in
stead of paying moderate interest,
would have been compelled to pay the
most exhorbitant rates. No interest is
SO burdensome as that growing out of
deprecated currency. The Treasury
Notes are legal tender. The banks re-
deem their circulation with them. Ifthey
were assured that there was to be no limit
to the issue of the Treasury Notes, they
would also make no limit to their own
circulation, and the result would be that
the Government, instead of paying for an
article the dollar Which 1t has borrowed
at sir per cent interest, would be com
PEELED to pay t0oo If not three dollars, as
is the case in the Southern Coufederaey.
Does it require any great stretch of
financial wisdom to discover which course
is the cheapest?z -..- ~
Money has always been regarded as
worth 6sper cent in this country If the
Government wants. to borrow money it
must expect to pay reasonable interest.
No nation ever got it without paying
interest, and we presume never will. An
excessive issue ..of Treasury Notes is
the worst form in which the Government
can borrow, and the most expensive In
addition, it deranges trade, annoys and
frightens the people, and finally winds up
with bankruptcy and Reputation.
The Copperheads had better try some
thing else. Their fnanciering humbug
won't deceive They are only successful
when they 6nancier to draw money out
of the treasury when it is well supplied,
as is evident from glance at the history
of the treasury under Mr.. Buchanan S
Administration.
TIL ToaLeop A,4oeoT of tho 9th