Delaware State journal and statesman. [volume] (Wilmington, Del.) 1855-1870, 1863-03-06
A WARNING.

ThompsOn's Commercial Reporter of Monday
says:
In few days Congress will adjourn, before
which time the financial measures for raising one
thousand million dollars must be passed into
Acts.
To issue more paper money, and thereby rem
der the paper money of the currency less valuable
than it is at present, will lead to disaster 1t
must be apparent to the Government by this
time that prices will adjust themselves to the
value of the money that is used in payment.
The Government being the great employer and
purchaser-the great borrower aud payer--it be-
comes mere question of economy as to the
proper method of working its finances.
Now dollars worth of property or labor costs,
or should cost in equity, Sl,56. A further issue
Of paper money will make everything that is
measured by the paper money cost double price
Hence, 1000 millions of Federal debt is to be in
Cured for only 500 millions of actual value re-
ceived. These are self-evident positions, and we
state them merely as the text for few remarks
The money must be obtained, Money lenders
money investors and wealthy citizens must fur
nsh it. Property is put on the defensive just us
much in this revolution us 1t is in any law suit.
judicious management Of the case is necessary
for the possession and preservation of property,
in this great national trial, as in a law suit
Law and order must be preserved, or equity
and titles die. Anarchy will dispossess the
wealthest first. Rich men and large monied ill.,
situations are shining marks for power when the
masses rule by right Of might
We should have no fear Of the future but from
the fact that the wealth of the nation is far, far
behind the physical power of the people, ia SER
wing the country. The rank and file, and the
lower grades of officers of the army, have sacri.
feed home, and health, and money, while in too
many instances, those filling higher stations
have been the veriest absorbents.
And at home. here, in our Northern cities,
towns, and country, one in hundred, perhaps
one in fifty, has added to his riches, while his
neighbors all around have parted with what little
they had, and sent the proceeds Tor taken it at
great expense) to suffering relatives or friends in
the army.
Thus the wealth of the nation, and those who
at present possess ii, are being aienated from
the protecting power of numbers, msiorities, and
peoples. We doubt not that some of our million
aires have Analysed the various forms of govern
ment in relation to the protection of wealth in
times OF revolution If so, they will see why in
this country, we speak of numbers, moiorities
aud peoples. Wealth must establish different
form of government, or deal on the square with
the people from this time forward
In very few days Mr. Secretary Chase will
! pt uu tue InhTket luT ulllOuS. lie must have
them, and the rich men of the country must nd
vance them or do worse. We shall hear great
deal about rates; the rich men are pre- DISPOSED
to make great bargains on such negotiations ;
they do not mind usury 10 the moral sense il the
legal points are right So the country Is to be
held to great debt for little real money. The
rate of interest the investment will pay Is to
throw total eclipse over the sOlidarityh Of the
investment The party of the first part, the
money LENDERS will ignore the rights and EQUITIES
of the party of the second part-the people, the
payers.
Wiser far would ii be for those who possess
the means, to loan it to their country in its dis
tress, without shave, aud at u moderate rate Of
interest, so that when the argument is raised be.
fore the people, not only clean hands, but n
generous action, can be plead in favor of the pary
of the first part
1t should not be forgotten that the Federal
Stocks are exempt from taxation. This giyes
them great advantage over the product of labor
and over other securities.
II should not be forgotten that the mighty
national debt is incurred more for the benefit al
property owners than for the benefit of the
masses, who have nothing but their pride d
country and personal liberty at stake
1t should not be forgotten that the poor are in
a measure forced into the service of the State. al
an arbitrary price per month land that moi
promptly paid), while the rich are making har-
gans-yes, usury-out of their bleeding Ibledl
country. ~
We will see how the mlllionaires manage their
part in this crisis