Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-10-22
From the Richmond Wing.
Mattcr-of.Fact Views.

| The ablest and most experienced fnanciers of the
country unite in the opinion that the danger which
the solvency OF the Government aud the value Of
the six hundred millions of Treasury notes now in cir
culation not that without remedy against
But the only safety is 10 Immediate thorough
ton. No tnkering or temporizing will do any good
now. The evil is redundant Currency. The cure is
reduction of this redundancy. 1t requires fnan-
cal wisdom to understand this. This IS he only cure,
but it is alsufcient The country must choose
between it and financial explosion, that will leave
the vast amount of Treasury issues in circulation
without any value that will destroy the credit of the
Government, and leave it without dollar in hand
and that will spread disorder and confusion through
whole business system, and bring ruin and want to ev
cry mans door, We take it for granted that tue universal
voice of our people will be In favor of trying the cure
rather than encountering the disaster. We all
agreed, then that the currency must be rduced and
guarded against similar excess in the future. There
but two ways of accomplishing this one the vol
untary action of the people in investing their surplus
means in the bonds Of the Government, upon which
they will receive interest," the Other the enactment of
a tax law that will take equal amoant from their
pockets, leaving nothing in the way of return
Which is the wiser course, looking at it in bust
ness point of view Which may be most speedily
accomplished and thereby most speedily remove the
sore evils of the day Which would be most becom-
ing in a people who like to be thought generous and
public spirted-who know that the value OF all they
have depends upon success, and who profess to be
willing to devote all they have TO the "tt4i2m"nt Of
success? Which would produce the create effect up
on the nations whose good opinion We desire, and up
on the enemy whom wish to impress with the hope
lessness of his attempt 10 Conquer US Which will
have the happier influence upon the minds OF Cuc own
people, drawing them to the Government ad tie
Government to them. and arou3lug hlgaer
and heller zeal for the cause? Remember this contrl
button must be made voluntarily or by c2mpusloo
for Ne throw out of view the alternative O. suicidal
succumbing to financial ruin. The time has come 70
choose If it is to be done spontaneously, the neces
ssry steps must be taken before Congress meets for
at 8OniV
compulsory process. We therefore invite a prompt
consideration of the merits of the plan submitted by
the Bank Committee of the House OF Delegates, and
published by us yesterday and if it is determined that
it will answer, let the people come forward with will
and put it through 18th rush.
| AsDERsoNs IRON FoUNDRY-It is very gratifying
to see to what extent and perfection necesst y, that
mother of invention is forcing the industrial enter prs
es of our town and State. We have had occasion to
visit the Foundry of Messrs David Anderson and Co.
land Immediately by its side stands that OF MIR. NJ A
Baker which has suddenly risen from it's ashes, and is
again in full operationl Messrs Anderson & Co, un-
| der the skillfu workmanship OF their foreman Mr.
Smith, hava Just sent off the principal parts of huge
Rosin Oil Still n five pieces, the whole weighing about
10000 lbs, piece weighing 5000 lbs and another
go much that scales in town would weigh it
1t is for q gentleman in Wilmington, and or two
others like it are wanted by Others We saw there
railroad car Wheel cast from iron made at the Endor
Iron Works of Messrs. McRae d Co, On Deep River
which it required forty vigorous blows OF the sle &c
hapmer to crack, and then the outer circle
not affected This severe test satisfies the WORK
men that the Endor iron is the best ever made il
this State.
Messrs. Anderson d Co. have been casting all >rtS
of things, but inclined to give of their
ton to the making of Wheels for which there
great demand, and for which the Eadcr iron is so ad
mrabIy adapted. We trust, however that whist they
make hundreds of car wheels per month"; they may D,
enabled to get hands enough to continue their Other
lmost useful works.-FayettsuHs Observer.