The New York herald., 1863-11-17
PRICE THREE CENTS.

suos,Ahal lhe utmost strength however OF . machine
s heser & sno~n t u broken and ray pcssibiy bs
tiay Of Mr. Chase's paper currsnev when go - ths
burden under which u s destined To give way
Let ordinary moItals tol and slave lei The 0d
World Gnaciere rack their brans for tr~,h taxes fr<s
loans further economics Mr. Chase has found he hi
osophers etone--he has got uniform, permanent and
substantial currency which nothing aud rays for
everything, and no need trouble his head with noDe Of
thesc Old Word embarrassments
We had certainly thought that there was nothing new
In NIL this had thought that the art c issuing neon
yerlble paper. and declaring legal ,sader had
into little befofe the art of declaring Lstoua
uptciss-nay, had gone far specu-
late occult connection between The two lws
learn that mistaken and Mr. Cnase good snoas
70 give us y popular explanation OF the stcpe which
have led him 10 discovery destined 70 relieve msohind
inGlstns on them the sghtsss trouble or snxssy me
nrst thing that struck Mr. Cbsee IVES dcclArasou o. ons
own that no money would be advanced 10 tbs oosnGy 70
the Northern states by English captalhts Reasoning
deeply on this announcement he came 70 the coucnsoo
that 40 We would not lend he would not borrow fss ~
NJ any rate I'LL AK him 20 do QualIocA
tlon which venture think does not much d1mpnb
The absolnc salnre OF the proposition Having sssselsa-
cd THE point OF dopartare, this Ingenious oeAo ~
torrsDn att ne foid hs could e ~ h1 cous ~ esa
paying ~ auie for szp~nses. In The course - thb
iaci nat Tie Ocd did not oosss soos % A.ns q Sasi
a. paid aeag-An observation which, We appssesGd,
y ss sss
credit 70 borrow any more THIS was exactly sha state
orbtani In their dcmands and Mr. Chase " the
ceacluslon that instead Of borrowing people
ne had better Issue bis A this bowoyar
another form OF borrowing and as he had be tss
previously exhausted his credit people who IN
Ing 10 become creditors OF tho which
case with many bankers, unwilling theSe
notes IN payment Then the beautiful sugseetsd itse
TO the mind OF Mr. Chase of compelling them 10 hcm
n pay mentthnt H. of making them legal tender That
he tTnmpbantiy sayf, wM the Dsxt step. You would
have done exactly, he rnys, AZ be did IL amir u
common scnte and No doubt any debtor wbcee
credit In exhausted whose bills nobody will except
at ruinoGs discount, would, n he could them
legal tender Mr. Chase could and did, and therein lies
MS unapproachabe supcrorty the private debtor.
VINO, when he canno, pay has - but vBomi-
nous declaration of Insolvency
But the greatest not consistent throughout
We arc touy to observe IN Mr. thase lanentAte
fcss on of weakness His next step oy
on bond THIS wpr quite right II he could get IL bot,
alas In order TO get II he promised " pay tho
interest 10 gold Why 10 godf Had be 10,
at his absolute dNpoeal-could he not croAtc al wI
TINT uniform, permanent and substantial currency ~
which hbor must look for its reward which ropr,ssBs
tho credit OF the nation and which by system of
tonai banking has received informs un The sup
port Of The capital of the couryY He found he tells
that be could get gold, and he used clearly
dcstaDd ovcry other step OF hts bot this
hankerlDg for metal bch had dgrnced sded
there nobody there To ask Mr. ChAsc would be his
next step Whsrs dos Ne inland CT petd.
hoo docs he TroIo,, 70 do without ~ iefhAis
he had better PERFORM his threat ~ hius
CAPITALISTS of England upoa HIM the sooeptalos f
their gold perhaps he thinks that tho payment of
rect specie for money which aud spent has lAst
ed long enough or perhaps he has discovered
for greatly Increasing his paper circulation ~Hbaut di
mini hing its value Nothing found
and perfected and bouLd to say that Nf Ci.Aso
appears 10 10 have been successful pointing
the steps BY which he has gscended his present emit
beDce than IN pointing out how he to maintain lea
rus IN very near tho sun, aud kn0~ bos be In
70 prevent the IN his wings from melting and tuTy
INC him Under cloud u hs own fcsiherE.