New-York daily tribune., 1863-09-01

nt least TO the extent Of producing any surplus rms
nnst be the effect Of this imiTprsncni unless tse IN"
thrv,tl,d by The wisdom anu power oi Tie It'FV ,,
Rut fiis priDciplc trio :" That cOnmoIliles VIII
rise or foil in proportion 10 Tho increHsr o' %
money assume as iect Whom Is h on a. r,cd
his Is the rnguacc Of N Rcardo ana Ee j. sbp"ilou
by Adam Smith ard all Of ihe Teat wilts '. ,Nhsc
on currency who ave flourish I'd Nilih 'Gc us, nnurou
years The Great truth Is de! p'ss l'ooa ulou
Our observation aad demonstrating Hse p"le oI % e!es
cvcr, Lsv Tho p-y Of onr csccis ci1 aoolis tno pay
OF ne oTil cnIoyec- # tie Coricdcr,c ana oiaH Gov
crts. the corpcrsrilcn 81 ai CIV ia ir! ~
currency has CiuiLi-4,d, ano Il daiy Giu nsiihg 1T
real eschanrablc value to sun ior wieh tho actual
ncCessaics Of life cnuuOt ne lniens'd' 1Ec! eei 'Ae
misery and geIorally hrow no. iis l'".
! M carita,is' lenls Lis ToHcy 10 Tho Govcrnmcrt
,rd finds ina, nj lis frst haiy carly dividend he re-.
oates IN aYncut 1rCasUry rOes rot wcrth onc-thud
r Nancy what they were whom ho made re loan. Yet
| IN, ;oyc7nusrt wonders why people viii rot hnv rs
bonds. Investments IN gold for tie Ltt si1 months
have ecn tie safest IA among the best IL tie Coied
ela,e States They he's paid 100 per ccnt per month
on the original ineoslrent IL Treasury loies. tan
say TO cPose the bouudcss folly of our present
! financial ~ stem
Tie history Of tho currency Of our enemies sitce The
ginning Of ts war is Lumiliatrg 10 us Neither had
foreign credits both had powerful aEI established
Smtc Go cnmcns TO back taon. We we're united IN
favor oi the wcT; they were divided lLey have Kept
twice Tie men the field That have upon half TIE
money. and paid their soldiers better th,h We nave
TLer Treasury notes se 1t discount "i Loss ihh 80
|
that their Government has better undc rstpod and more
firmly adhered 10 the true principles Ok currency than
ours. In Al else We had Il oadvs1tagc go.
nayo C7aodvorod 10 point out the nam dii"nlty In
financial policy spd a'e. 10 The best OF Inj Jgdg'
hen, traced Il to It's true soarce-oxccsS IA culTency-
! iot national debility.
have abored TO illustrate L o disastrous eject oi
prices o; this access ard here wsh 10 be ccary un.
dcrstuod. Go say at currency is the sole element
ia Ike rroe # corn Of any other commodity bat Go
affirm that u II OF It's main ocI0ents Hwa present
ever active ard. other jhngs beng equal, tnrt .Ae
price accommodates must cVcrvvhtrc rise Cri IN Pro-
portion 10 the increase or dmrut"n oi iegoicyWhioh
cir, ulaics iic;l." Suppose IN ipst.Acn IN iLe ai4'
cation Of this principle - our lipscnt ClrcI'nsirccS
suppose as many able and excellent men DO hrmy hoc.
tha: from tcul!ar circumstances goa ana si'T ~
not ciileriLe true staidr OF value or epae tc
of the dcprcr ton of orr currency. Lat ihcu VI!
not dciy the trrtE blt VII HaiTc II IN IcitTrnrc 10
honest rariots ..ck ing the eudthc public good
but VIII not waive tLc terrible truth rs plain a5 te
noorday sun thai any ard every s,andTd which aly
int gtnt Ian can api., ~ 1t teoeity fapid AID
du! Increasing. o-i cLTiebt! - G' p!t.i'''i g. ''i
without our Htst cotoLs aIots Lust tv"i ihs %" y!
his depreciation oi the currency, Lcfcorc Wtui, -
nay be- its regulation or D.! w'sisoeV,T STANDARD .oa
! Mny test Us amount IS oL monster c'h.
/ The mischief e. Stih within our power. tnd we may
sin remedy i. u We have Tie wisdom, LTnncs- aud
oournre Llc tie Ciiss demands. IL insuNc6 our III
dependence. y" .nuat do i, No have 20 1ta nAt.fe
Which irotnlAh stthd toItiucsi any 'rli' 'i " i'i
those ~. g.bis miscrc orr northern oorecT.
short oi c.crHil 6cIoi t.on aAd l-dicAd'ee "oG tc
tie cuusLuutlon II al oys WlIIn ,yca tAo pow a OF
God could n.o on To- H. Us world. 1Acfeioro whatever
may be o." cost H. wcI.th II return g. f1ari cur.
ronoy aust pay To icnf.iy %! our past io --ahd
ply II Gos. 'i.s Gcpfoll4il0u u cLrgcAe! LR'lus
been shown 10 nave Tosutcd cicly from tie c}ccsane
ltsLC 81 IeusLIy Got-s. &c can caly correct ih- eva
By stopping insa-tv ary lHfteT i.ur NJ nny fe-
t,aco NAatcrcs. ara b, reducing - rap4d as Hsi o.
comprehensive. aEd cheiert uclsuus ~ tLflf CON.
i.i4nl dcdgc'. T. rat1 they slah Iso "a Vane nna ~
IftA lt' -g.Iy ra car c.Cr4 siaaccs IA. a4yH -
sc s;.adaTd aluc oi sold hnd sl'er.
Taxation Ind oaaS a.r iao only means 81 attaining
IL, ftsul. .H1a'.Dl '.Hi f'LtAl'c. go. b. 4 q an'i
equal TIE rroeft tx ~ does bot 80 So iis'o
ql4l.lcs--f j. partial unequal al co-all't is'ess
vulgar lTegLi. es, l4l W .tler on fbuida1l ha twt
90 rauds anG PTgrgs. Ipe i@E ~ Lird i'ihe ii.a -
u0 should LcstI bo rcsOr.cd a. WIN t.c CuIrcut! "a
rcdundaLL bgI pith ia ia iaats RAY 10 rte'rshTy
evll Whenever ih,rc - rTcnt deficiency - To- oi1'
culailug me uIn. 30 'trcLt.oi ~ 'rch -" - ne
c~ssariy dlop. ilil.atinf wnsiciuL HAd Productive
Il uucL ir. 80.
B-i cerisl ly ia or ,iccti condition o., var oaaso:
he clrJ4ed OF nc tie ,.cncy sss.lHec /! t.1at.oa
lore. We musi nom 4, I'4ls an ''i i" iic is-'
discouraged Ay Tie a.. sLoc,,s II The 1Ofcsri laity
n funding iis israe-lg act's- AIea'si! i"ieA Ns N
great eiaoss. lie LDlders ire hLIiulAy AliUiS fh
,ifc nII profitable nycssf-crt ir tAon Tho bufcf1
mrnt Icrfcoty Ar t. supr!y that AIT, hcr'io = u
hes not aue 80 ~ musl iss4e ioLts s.th prin-
opal s,d Interest payable D. god ana sA'cT or iA'ir
wildcat AID adopt nra.iIct to it-k" r4ci' A!A cii
certain. m can Do Llac by LlrgnfAb 81, iLo
portion OF tie ,cuc 60 DE nos l. di"dc1A Aleqstie
20 TIE pa! rri 81 bal principal etd n'trrt - raeA
may sgeci,c.y ~ Gr" coa.ld IN Ctf provisions
Lot thor ta1ss tLaI D. fsrlchc uni! t. fpffnf .
ere paid and that t,ae a.fs ANAL Only DO ia4 in Fu'i
and silver ~ tie oosiNrs 81 40 b"ies 10 A'cH tLty
are l.dged
i, laliIc to Ifo, ieioa hf bonds ample ~ o.
bcgiuulLy 80 % faturc lorlf ston sh 10 rrcrs-
saIy 10 l.tscnc Ito pubic fliI. 30 give iig pubic
cr,d.ttT t.. l,ff possible stetfiy if he o. oaty nt-
Wo are ale . OlrI Tlto,sraIvs u: c.. ef.rsi % 81.
be ]. oaly I.fae! nGl ,.Ilot e lTo,A.d ataIa4L
We ,vca,.y lrs,n tAf chances e.! ~ go a'4on trc-.
ia 4 -aso 10 would REQUIRE &c direct oo-curTr",n =
tie scou.t, -. 10th AfALllSs oi CuhfI . ip Gti 90
tho sec-Tlfy. N-rca lg tho case ~ bonds . Ffed o.
the es.efa. feycA.e u usy BE- ddrnted hT to hitra
tive % ctL.r branch - Coz ggss. 80 even O i -i4'l
nge.tcr up %. l4tit1li li H 10. o.4el t-e eoiipl
loan bonds tlo-rl Lsg Aatc 10 one - t' r iiinclli
rYgr4.lcC ufUI f f4ta VIZ. she -!MeLi - ltcFtat go
CO. - eI. i0r large ir,in.tln.
4 lr, Ancen million loac bAiel precisely on tLrso
jf!leE.Cs. AlG 4AOrfh tLa .boterIhrnl i1s 'i'A'f"
IT, p.,dge 10 ply u.. bonds ~ ccin 80 uc! s4A.
under tLo greet as.l, aiaTr e beng rr--.o4 ty a.
cNLlrt d4iy oA ootia. u HA4lh is 4Aao hrtlg -Ahf al
nie ior the pl,srt ~ tie t.c4aLc. tllf lLAtl f4t
10 ncnIy Golb. iAat of u. ot-rF oFLt les cent b"-ts
glc.e is,i4 GeluGllltg t4o bouLGitls oi tH' tsEI
cared ~ T. Lild taI. up.n he ieruls -rro br.r-!
sketohed a. .L4i0 g. 0ti lir1. iAr.f C1li nh h"+a
instantly N,fJ nearly niIro4il sie 10 f'Id sad s'eE j.
value ald tLe IrCa4Ll. u.oA iAoi slhl.S a. oeF SIf
Icucy, would g. laiFr
Wo must act aid thni qs'cil the public lnie.eii
aid pol .o safety 80 10 longer rlo" lc.nf otf p.'A
en-. sysicn % uticrly lnsuppo.aie II b ursetlT to
vory ioaudat.Ola al pf.taiC rEAtf, wclAch.ns dH.y
D. BIC cuafGrLce cLg.e ut lc!-c lLl abroad
sog ng dangerous dlscufcEts nrDUnf tnc rpplc wiIrl
are daily deepening lnd widening fnluolh'n GrlsAds
ia a oil rood I4cn slold "a tic g. corf-t ieso osA
/ an. very !cctfcy Ionr obrlicii srrrei;,
J. IOOADs.
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COmmhHtiAL mAITEHs.