Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-11-26

are prepared for any burhen which the exsences OF
the country demand. L 10 strange anomaly 'es
whole people should raise canor against their law
msk.rs for failure toimpo'e adequate taxation Inc
truth H. the masses have not been Glow Ia finding ou
that il is the worhlesscess of money which has canseu
such Of prices and further taat he deprecia
ted value of money has bien caused by the supeaOun
dance of 1t recsely in the way that any prop
erty would be c5elpeDed By Introducing producing
ten tres as much OF IL as the whole cOuntrX needs
Perceiving this the people demand thai their law
makers shall call in this redundant circulation, until IL
comes down to en- amount which will simply meet the
wants Of trade and otacr demands peculiar o+he times
Let this be DONE ald AS certainly any eee. can fol-
To- its cause our Gu rency will mount up to specie
siAndard-our boads will be az high premium athone
aud abroad as compared With gold aud silver eVen and
staple articles OF consumption, as we'll as all others not
aft c.eI by the blockade, will decline to old prices,
while the Expenditures Of the Government and the
country viii be al,Vi ted tenoll by the operation II
thor, be any truth in political economy-if the laws OF
trade have not BEEN misunderstood for centuries-and
if the whole nanc 81 history of the world be no. uni
yersa lie these re ulss are to follow such sgsla-
toa az we have indicated.
4
ing Congress will come up to appreciation Of this
great tfu.h We will not threaten them with the loss
of their seals if they should diappont our hoPe3.-
The chances are that if they do not act promptly, we
my never elect another deegatioh We cannot Afford
10 waste aaother yesr to what sill he the fate CT
present incumbents Tee fate Of TIE COnlederacy,
rather, hangs upon the policy to be naugnFHted,
Fnaueal ruin stares 10 the faceo be followed, not
simply 10y Tho usual evils of bankruptcy, bu; WITH the
imp. rhine OF or hopes al people, struggling
for our very existence.
Ii cur Giro illon be no. called in now, it caYnot be
done olnder twelve months Before that time our
money, from its very redundancy, will become the
merts. tras and all supplies will reach figure 80 high
as TO be beyond the reach Of the lAboring classes vito
have much TO buy Gnd but litle or nothing to SELL
Whenever De reach this point shall have interna
revolution waich Wba vastly detrimental to our hopes Of
independence Already the ground beneath our feet be-
gnsto heave With volcano throes. So nothing must be
done speedily 10 neSrIz, the explosive el'm:nt,. OF
we may bs overwhelmed.
Ina: state of things dep!orable should lave been
superinduced by the weakness or timdiy OF our lW-
nakersas too bad to think about. Ii they had boldly
used their constitutional powers in leyJing taxes
sufficient to ct expenditures, and kept our circulation
Within limited bounds, our credit would be now IN m
peAohAbls, our army expenses would be about one
teeth of what they are, supplies would be but little
above peace prices the poor would be far better pro-
vded for, and soldiers with Rsr eleven collars per
month could buy ten times as lch as they now buy
With the same money, and, therefore, they would be
better conented while enemies, despairing of EVER
wearying out, would by.this time be ready to give
up he job Of subjugang US mpracliclble under
fixing All this is outside Of the fact that cur unfair
nshed and uldoub.ed credit would gvs irresistible
inf lencs with foreign hations.
A, often said, this is the peoples wa; the debt the
peoples debt. They knox they have it to pay, and
they de-irs to pay it now, when dollar, which is
worth less than dime in specie, VIII pay dollar,
which, at the end of the war; will be worth ten dimes
in specie Lei the tax come, if needed, even to the
tenth or fifth Of all that we WORTH AM our success
ia certain