Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-12-30

which have heretofore formed subjects Of speCu-
laticn. cIers but meagre hope of countsrNalaaclng
in trade the loss by app eoaton in cur currency which
Is likely to take place during the interval Pendl a
full test of the funding sehemI Of Congress, the ten
de- cy Of prices of all values in the shape Of merchan-
die viii be downward II the experiment shall
realize what anticipated Oft speculative enterprises Of
every character will receive salutary check The transit
ton period which will be embraced between this date and
full development OF the effects Of the funding scheme
will dou,.es,, be marked by serious disadvantages in
Che shape Of limited supplies SO characters ic of COM
mtrcial Evolutionary epochs. The Increase Of sup
plies will be spasmodo spectators, in their zeal to
make money, will be induced, under the influence oil
temporary advances resulting from dmin shed srpplies
to venture upon large purchases, in the hope OF selling
of in the interval of eversh buoyancy in prices. The
alterations in the prices of all sorts of merchandise will
be rapid and frequent The data for estimates in re-
spect to the prospective value OF goods wall be exceed
inRy complicated aid uncertain i1asmuch as the fund
ing experiment will have betn fully Developed, and
as consequence the exact relative value of our cur
rency at any Ie iod ahead, enteiy underlined and indie
Unable The only available data that can serve the
purpose Of SPECTATORS will be the amount Of supplies
on hand and these will bO so auctuating to consti-
tute very uncertain Of security against loss Spec
uators will necessarily have to subject themselves to
many risks and should not be surprised If many OF
them would have depore the oss Of the accumulated
wealth which they acquired at such sacrhcs OF honor
and honesty and of convenience TO the pubic. This
prospect doubt not is source OF congraIulaton TO
millions Who have been vctimzsd at the hands OF these
ruthless enemies OF the poor well of the cause in
which we are engaged.
The admonitions which we convey here have peculiar
application to debtors. Woe to him, We say, whose
obligations the period of appreciation, which we are led
to anticipate IS a result Of the action of Congress in
respect to our finances will find urdischarged. This,
of all Others is the period most suspicious for the pay
ment of debts and those who fail to realize that fact
will wake up elk twelve Ionths hence with con-
vction anything bu Ltterng to theirdeas of favorable
bala.cs sheets II is eminenty the part of wisdom to
clear up all old scores while money is SO easily pro-
cured and not defer their discharge to period when
its circulation shall have diminished by half or two
thirds, and its value shall have proportonably ell
HANGED II this plan is generally adopted the coustry
will emerge from this struggle free from the pres
sure of heavy Obligations, and prepared to start
on a career Of prosperity, unmarried by the re-
pressing influences of luxurious eIactous and the dis
advantages of impaired credit TIE credit system which
has been the run of commercial Interests and the
source Of much 6xrAvsgauce will have received its
dssthblow, if all outstanding obligations wound up
at this opporiune PERIOD and the circumstances Of our
people will have improved TO render them fully
equal to the obligations which the needs of this
will have imposed. The in this respect may be
deemed blessing This great commercial revolution in
the matter Of credits will undoubtedly CiTset much of
the losses which this struggle has entailed. We will
present the remarkable spectacle of people free from
debt, other than that incurred in collective
tona capacity, aud our ability to NEE. this will ne
cessarily be enhanced by entire freedom from oil
individual obligations.
Meanwhile, we would warn the public LOW that The
period for contracting obligations il approaching
to be OIL their guard and submit no charges pedi
caed upon the presen. value of currency If they
do, they will undoubtedly find themselves, twelve
months hence, the victims of a fcancisl revolution
which the contemp plated action OF Congress jus6es in
anticipating. We know of no remedy o;her than some
ncert of action in resistance 10 unjust and oppressive
impostons and submission to some slight inconveni
ence in order to cause landlords and slave hrers yield
to some just principle in the matter Of charges. They
lose nothing by abandonment of the custom Of
yearly hiring aRd renting, pending the development Of
whatever financial scheme Congress may enact. They
can every returning period for renewal of contracts
tx their charges at standards conormabe to the then
curren: value of our money, and charge an amount
equivalent to that which they will receive at the opening
of the year in our present deprecated currency To
demand any would be unjust, and trust that