The dollar weekly bulletin. [volume] (Maysville, Ky.) 1862-1864, 1863-05-07

must come. So long as this huge currency
can be foated, as the phrase is, the reality
OF its worthlessness does rot confront us, and
the great conviction is, (and this is the
point to which inexorsble logic drags us)
that the day of pecuniary settlement and
accountability between man and man, and
between the Government and its citizens;
will be the day ofinvoluntary peace. Hence
the practical difficulty we have suggested,
but which war men are ashamed to talk
about. Rich and poor, debtor and creditor,
the capitalist, and his dependent, dread the
day when the reckoning is to be made, and
would rather go on paying taxes, and watch.
ing the scale down whichiwith such rapidity
paper currency must fail-then wake up
to the inevitable hour when excitement over
and morbid activity worn out, the great and
horrid truth-haggard and bony and terri
BILE, is reached that every poor man must
pay what he owes in gold and silver which
he cannot obtain, and the only debtor that
cannot be sued and against whom there is no
redress is what is left of the governmeut-
Now, is not this frightful truth? Can any
man gaiussy it? Is it not difficulty in the
way of peace-greater than sentiment.
greater than boundaries-greater than what
are called points of honor?
''Fas est ab koste doceri'' is a maxim not en-
tirely obsolete-and in the train of though
gloomy as it is-we are pursuing, we
quote from the Richmond Enquirer, as re-
printed in the administration journals, a
passage of painful signi6caRce:
"But it is said that the enemy's financial |
credit will break down if the war continues
No, 1t is peace that would luin them utterly |
peace, we mean on our terms. 1t is the war that
sustains their credit and keeps mp the war. Its [
the continued hope of ultimately subjugating us I
thai gives the slightest value to their treasury
notes, and it is the stern resolve to battle and |
defeat them that makes our bills worth more
than their weight in paper. War, to them, is /
cheaper than peace; they are very rich it is true,
but there are some luxuries they cannot buy
and one of these is peace. War comes very dear,
They can endure perhaps, tho dangers and dis
lsters of war; but they cannot face the horrors
If peace at all"
: Is there not-we put the question pointed
y, but in no intentional offence, to our war
rieuds-is there not truth in this. that we
lare not face the horrors of peace?
But then the great question presents itself
will the perils of peace become less BY .
continuing the war? Must they not neces-
arily increase in direct ratio to the aggrega-
ion Of public Indebtedness and the diminu-
ion of productive industry? Will they be
bated when paper is at rs instead of 80 per ,
ent. discount? Will llvictory and the mutual :
laughter of friends and enemies make our ,
accountability less? Would there :
ave been a substantial, not a speculative, !
lvigoration of public credit if, instead of .
loodless defeat, Sumter had been pou nd ed :
} dust, and Dupont had hoisted the flag of .
ne nation over the ruins of Charleston, and /.
he captains of his gun boats had marched !
triumph through its familiar streets? It
GEMS to us just the reverse would occur
nd the first-we do not say the Ultimate =
uits ofagreat victory,-ifsuch one should =
yer be voucbsafed to us,-with its probable :,
,nsequences of new expenditure, would be .;
depreciation in Government securities, +
I'd, what is the same thing, rise in gold =
land that for the obvious reason that mill :.
ry success must prolong the war. =
1t may seem paradox for us who favor =
eace to dwell thus upou its periis, and its r
nmediate effects-but our business-uhlike :,
lie blind organs of this blind Administration :, -
lis to see the truth, and to tell it. 1t is the I
scuniary difficulty which actually keeps up
10 war and prolongs it and the sooner ;,
,ople comprehend this the better. The ii
ext step will be the realization of the truth d
at every hour makes this difficulty great =
-apd that it will go on getting worse and ~
orse-till the community in despair N akes r.
IIS luiuu W HSoG lI' IL 10 utsCOulSSI bOW n
tween capital-by which we mean all the q,
cuniary interests of the country-and hu y,
auity, suffering agouized humanity. - ;r
henever the war stops, capital will be dis ~
rbed-less so now than six months or a =,
'ar hence--but humanity wiIl'reioce, and f.
we have to choose between capital and h
lmanity-we wish it to be clearly under
bod that our sympathy is with the masses, -,
nose suffering we would gladly alleviate 80
this war party would let US. The great n
ficul:y now is not to make people think a.
we do, but for them to dare to say what 10
sy think. w
.th