M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1863-11-26

tGreenbaclc Chase recumiag the Langh.
ing Stock 60 she Wor!d-English views.
Flom the London Globe, Oct. 90
MIR. Chase docs not stoop to defend
his 6naucial hessures they stand in
llo need ol'it,llHeir trimnphapt cue
lcess speaks flor siierIf, rlle Saw the
yWantlul his country, and he sapp!icd
Iit.c Thccountry nccdcd>a substantial
Ipcrmanent and uniform medium OF
Exchange, and Mr.. Chase arose and
sase ii to them. lie is ct no trouble
To Prove that the present paper cur.
trcncy 0t dc United States possesses
lthesl aimiablu Qualities. That
luobodN can doubt, aid wo may be
|thought.guiIly OF All imputincncc II
I'VE oibr any argNnent IN support OF
10 se.t-cYIdpnI Il propositions. Uni
liyr:u tAe American currency must be;
llor, il l,cre were any diversity, Tie
circulating medium which broke the
Iiaw ol uniformity must be either
paper Orgold. Taper it can not be,
hur Mr.. Chase has driven cut 0! cir.
IculaiiOu the PAPER oi the bauks, and
!, Substituted the issues Of the Govern
ment III their place. Gold it can not
De, ,oT gold Mr.. Chase has succeeded
m driving out OF the country so ctlec
Itually that there is 10 lear Ct its re
Tuning from exile to spoil the sym
Imetry Of paper circulation. The
Igreenback are clearly entitled to the
praise Of uniformity; nor can We
deny 10 Nr.-ChaSv's currency tho at.
tribute ofpeGmanency lie has secured
taat by its depreciation. There is
uVt the slightest lear OF This grechback5
5harins the ProyeIbial fate olsuddenIy
acquired wealth. They will not take
to themselves wings and fly to other
lands. They arc his, and his alone.
We dOubt if Il single note has found
It's way across the Atlantic, unless as
Il curiosity.
Certainly Mr.. Chase is entitled to
claim for his currency the attribute
IUf pcruancncy. A deprecated pa.
Ipcr currency is an easy possession for
a nation 10 acquire, and a difficult one
10 get rid OF. Nobody whistles to dc
lpgiyo her OF it.; it is one oithose bIcs
Isiugs which excite no envy. Com.
mtrcc does no! touch it; war Itself
will not destroy it. Mr.. Chase claim
led for his currency that it is not only
permanent and uniform, but substan
It;al. This may be proved by several
arguments. In the first place, the
bulk Of it is very considerable Print
ling presses have been at work two
or three years, day and night, in pro
ducing this currency, and it would he
a curious calculaliVnto estimate villa,
kind Of pile the whole issuo OF green
lbacks would made should tic Gov
Icrnment bo ever ih a position 10 buy
Ithchl M aud burn lllom.. The subA
IstunuUlity Of Mr. Ohast's currency
may farther be proved by the i'm.
Imcuse weight which it supports. Up
lon it rest the vast army and navy,
! the internal tradeI tic credit and the
homes oftIa United States. Surely
that which supports ell this mass
imust itself be substantial The ut.
most strength, however ola machine
lis never luo Sn till it is broken, ard
We may possibly be called upon to
witness this final proof ofthe sub
Istantiality OF Mr., Chasd's paper cur
rency when we see the burden under
which tits destined toigive way.
- la* ~ Let ordinary mcrtGls
Etoil and slave let tie Oll Worli
/ hhanciors rack their brairs for fresh
ltGNes, fresh loans, or further eoon.
iomies; Mr.. Chase has found the phil.
/ josophcr'3stohe; he has got a Inform,
| permanent aud substantial currency,
which costs nothing and pays for eve
! ry thing, and need trouble his head
with uone OF these Oll World embar.
ressmcnts. Y'. '
We had certainly thought that
There was nothing new in al! this; NC
HAD thought that the art otissning in
lconyertible paper and declaring it
lelal tender, had como into exist
euce q littlc before the art of declar
ling national ru3tciee-nay, we
had even gore so far as to speculate
on some occult connection between
the two. We now lesrnLhat we were
mistaken, aud Ms Chase is coed
enough 10 giveus popular explGna,
ton Of the steps which have led him
to discovery destined to relieve
mankind from tie primitive clrse,
and 10 II axe them rich without ir-
| IfEcting en- them the slightest trouble
or anxiety. The first thing thar
struck Mr.. Chase WIS a declaration
Iof our own, that no money would be
advanced in this country to the NorI
ern States by English capitalists. -
Reasoning deeply Oh this announce
lmtut, he camgtOtho conclusion that
: ! I 4 1. "a