The New York herald., 1863-11-24

frauds mist be expected We are simply show
ing that the moves of the man who was smiled
at IN Wall Atreet a. an Ohio politician
come to dabble In finance may be re-
garded as having, 81 far, proved success
currency uniform over the country-govern-
ment, for the protection of the people, standing
at the back OF tho fabric it has constructed
cannot but be o desideratum with every busi-
ness man, every lsborer achieving his moiety
by dint of toll
But we take another view. giving heed to the
words of those who tremble for the credit OF
the republic on account OF the vast volume of
government paper afoat. A day Of reckoning
is to come, say they. We have been sowing
the wind, to reap the whirlwind Prices are
increased to that extent that the ten dollars OF
to-day will scarcely procure what FIVE dollars
would short time ago; rents have increased;
everything is increasing still, and the reward
Ofhonest industry is, as now, likely to remain
far from commemorate. This must be granted.
The great consideration remains: How will
stand the case when the crisis above all Others
arrives' At the end of the war the immense
national obligation is to he liquidated. Will
the people yield to the methods adopted Re
pudiation is limited at; but whereforef If the
honor of the government is not to be counted
upon, the consolidating pecuniary interests In
volved through the present system will make
1t q necessity to act in accordance with the
principles of justice.
We are prone.to concede there is terribly
IL, ~, ato Fo Thn
FIVE dollar piece will travel over The world
without q particle of diminution in Its
value. Gold is the standard of true value
for all commodities among all nations, and
whatever, in the business of buying
and selling, goes beyond 1t, Is destined to come
to its level. Let us look, then, for the event,
and be prepared. Paper initiates prices and
fuctuates. The period is doubtless not very
remote when there will be tremendous crash,
and those who have not secured their treasure In
intrinsic shape, or sufaciency Of it to admit of
large reduction, will suffer beyond their
ability of endurance. The shoddyites and other
government robbers, who, with their ill-gotten
gains, are riding, as they imagine, upon the full
tide Of future prosperity, will, many of them,
perhaps, be grasping In vain to preserve the
full face of their paper possessions, clipped
from the circle Of the metal medium. Real es-
tate will fall to half its present price, and
everything else upon which fictitious value
has been created.
After all, lamentable as is the war, and d.
verse IS nay be opinions, it must be prose-
cuted to q successful termination. The present
monetary plan seems adequate In the means
Every blow struck adverse to the rebel cause
will inspire confidence; and at the end, the
nation being restored, the cheering ray breaks
in that with its illimitable recuperative re-
sources, the interests Of the people to be looked
to in self-deience, the rebels annihilated, and
their places supplied by patriots of the truest
stamp, the public disaster depleted, if it must
be met, will be Of brief duration In its effects
the gulf of debt will be passed over with a
driving breeze-the Union, in all its political
and pecuniary integrity, joyfully maintained.