Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1863-10-31
From The Philadelphia Agcl
TIE Finances Of The United
states Compared with France.


LETTER FROM HoS. JAMES W WALL,
BURLNGTos October 20, 1863
To hessrs; John Nagle n. 7. oozzsns and PhilAn-
der Reed, Coinuittee
GESTLENES.-Your invitation to address a
mass meeting of the Democracy Of the city of
New York. TO be he'd at the Cooper Institute
ON Wednesday evening next, is this moment
received. 1t would give me great pleasure to
be present, but the irriated condition of my
throat, the effect OF a severe cold recently CON
tracted at public meeting, prevents me-
The recent political results In Ohio and
Pennsylvania prove clearly two things. First,
the smentable influences of the corrupting
patronage Of an unprincipled reckless Ad-
ministration; and, second, that the cup of ma
tional suffering and degradation is not safii.
cienty full.
Au Administration exercising powers un-
known to the Constitution, having at its dis.
pOsal all the resources in men and money of
the North, has organized everywhere, in im-
tation of the Jacobins of France during the
Reign of Terror, Committees of Public Sale
ty." These, by system of terrorism and aban-
doned corruption, are striving to accomplish
what that revolutionary organization aimed at
--"the protection OF the authors of the reyo-
luton from the consequences of their crimes"
We incline strongly 10 the belief, however
that they will effect precisely what the first
did eventuay-a fulleNrosure oftheir crimes
and their own overwhelming overthrow Is
the language OF these Union Leagues differ.
ent to-day from their prototype the Commit
tee OF Public Safety OF 1882 Listen to the
animated dennnciatory words of VerEinaud:
"lhe great body of orr citizens are so blind
ed by the rush of events, or the glaro OF linan-
cial speculation, that they are made to con
found a iaDatical policy with grand national
movement in favor Of freedom They regard
the violence of brigauds as the efforts of pa.
triotic minds, and consider robbery itself as
indispensable for public safety. You are free,
say they 'but unless you think like us, we will
denounce you as disoyal to the nationality. -
1ou are free bat unless you bow before the
Idol that we Worship, we will deliver you to
the terrors OF that nationality you have in.
suited
The French Revolution did, IN the words
of tae same noble spirit, "nt last like Saturn,
successfully devour all its progeny" So
eventually will this wretched Abolition reyo-
luton, originating in the same wild fanati-
cism about liberty and equality, and display
ing in all its policy the same love of despot-
ism. The "Lalos Of Suspected Persons" ,"
which gave ultimately such tremendous pow
ers to the Committee of Public Safety" will
soon be proclaimed il, indeed, it does not al
ready exist Under that infamous law, no
person in France had any chance of safety
but in going the utmost length of revolution
AIRY fury. Those who resisted were crushed
beneath its bloody wheels
But it is not alone in the despotism of the
hour in our civil affairs that the Abolition
Jacobins have become such startling imita-
tors of the revolutionists of 1893. In our
financial policy we are repeating to the letter
the history Of those times An inflated paper
currency has banished the precious metals
from our midst and every day is making the
rich richer and the poor poorer During tho
nights Of the paper expansion in the French
Revolution, from the immense issue of assig.
mats, the tendency to gambling of every sort
prodigiously increased. Men who had the
sword of Damocles suspended over their
heads sought to profit the most by the uu-
merous chances OF making money which the
rapid rise and fall of assignats, and the
boundless profusion of articles of luxury,
brought into the market The Bourse of
Paris was crowded with bankers, revolution.
lists, cdevant priests, ruined mobiles, and
adventurers OF every description MagnG-
cent equipages, iehoSe ODRerS toere rdg,pick-
ers si1 months before, made their appear
anoe every afternoon upon the public drives.
The trade in jewelry and silks was enormous
in its profits, This rapid increase of wealth
produced the most shameless extravagance,
aud speedily undermined the public morals
This picture is the reproduced picture of to-day
which ev.ry hour in our large cities is pass
ing before the gaze Of their inhabitants Men
IL a. 4. 4
real, and in the constant employment of the
hour, comparatively high wages, and tempo
rary contentment, think that all this apparent
prosperity rests upon firm foundation. Tho
whitened crust cleaning in the sunshine, that
covers the living fire in the mountain at Sol
istara, is not more treacherous, The slopes
of Vesuyius never looked more resplendent
in beauty than Just before the mountains beleh,
ed forth, for the first time, its slyery shower,
that sealed up Hercuaneum in lava for cen
turtles, and covered Pompeii out of sight in a
shower Of hot ashes As sure as that God
reigns, the fate, financially Of revolutionary
France must be ours, sooner or later, only
with lenfold aggrayation. What is that fate 7
Blasted by a ruinous system of paper curren-
cy, and crushed in the grasp Of relentless des.
potism, manufacturing industry was withered
anu comheIcldi chpltaI uhhlullhteu. Depre-
citation went on, Notwithstanding the eonVen-
ton endeavored to arrest it by first declaring
that the assignats OF the Government should
be considered a legal-tender, and then enact
ing punishment Of six yesrs in irons against
those who should exchange any quantity OF
silver or gold for greater nominal value of
assignats, or should ask aslarger price for any
article of merchandise, if the price was paid
in paper, than if paid in the precious metals
The once opulent capitalists, ruined by the
sale OF the public securities, deprived Of their
property by fictitious paper, paid by their debt