Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-10-23
FRIDAY MORNING, OCTOBER %, lsG
MAXIMUM AT DISCOUNT.

DIV Z ETClG lDuIOIAtl> NV
mond reject tho fatal prescription Of tn
quacks; they refuse to instruct their repre-
s.n.a,i7cs TO deprive the city Of all supplies fo
the winter; refuse to restrict manufacturers &c
a scale Of prices which would make it impos
sible to employ and pay their workmen re
fuse to deter the farmers from bringing III
meat aud provisions. In short, refuse to drive
away our trade and population into North
Carolina, and leave Virginia, ruined root and
branch, an easy pray to the Yankee enemy
Herein our citizens hare shown that conside'
rate good sense which we certainly expected
q. their hands. They huvo demonstrated that
they understand and appreciate the natural
laws of demand and supply, and comprehend
the fact, that the high nominal prices are net
Fault Of the "ex.ortioner," but the simple
-. a0enea of u paper currency far too abun'
dant for the purposes of exchange. The more
that paper currency is increased in volume,
there needs more and more Of it to be equiva-
lent to any given article, and more and more
of it must be asked ard demanded. A man is
in possession Of Is barrel Of -four, or OF q pair
of boots, or Of q hat; he knows that the article
be holds possesses q certain value, butthe paper
for which he is asked 10 exchange it, becol,-
ing more and more abundant and rednndaa I
every menth, decreases every month in valu",
while his -four, boots and hat are as precious
q, ever: therefore he is forced, If he would
have an equiyalcn. for his wares. to demand
more and mere Of the said PAPER from north
t, month and # the currency should unhap-
pilv 20 on incrca,in. in volume, and decreas-
ing ia value, nc may be obliged to demand at
last me thousand dollars for a pair Of boots
and they wi!srot be too dear, Ard he will not
be an .:cx.nrtioncr." At las; it is hoped
that people win 500 where the real rem
cdy for this evil lies; namely, in measures
for the absorption, depletion, destruction
Of some thrcc-four,hs Of toe d)od Of paper
which is overwhelming u.
If four hundred million dollars Of i. could
be collected ard buried, then the remainder
would have as much par hus!ng power as tie
whole has now, and prices would return TO
sometlin: Ike their obi rates. Several rro-
iects are occupying The attention Of thoughts
full men, with ihis object in view loans hy
States to the G~,vernmen., investments in cot
toa bonds; some Of (which, or all cfshem Joint
", may have the eject Of Withdrawing from
circulation q large mass CT our too abundant
nacer to whatsoever extent they have such
effect, precisely to that same extent the re-
naming circulation vii! recover its denominn-
tional value & paper dollar will come nearer
to the representing Of a gold one, and tie
prices ofneeessari"s aud luxuries CT life will
look aud sound more Eleicra'e.
At any rate, now that we trust we hare got
rid Of the ba!eiu! phantom oi mar'm"",W which
threatened to stop al trade ana exchange nj
any price, there VIII lie in opportunity OF
calm aud rational oeiihoFa''n Us 10 the best
measures TO bc taRehiT Tue 1u'u,e. IL is
also plain that there are cia-Scs CT persons
tnot the mechanics ''T they GO h'eheT Ifo-
p'Ttional remuneration log Their ia9o- an
anybody e!se-h'S''er Il's F.
or editors, or H'neratS IN 'ne efm,' Ut tie
President oil the Coh!sde:acy' hut there are
classes OF persons Wl'cSc necessities ocnnLd
public and leS'sI""vcre'lei N the crisis we
are passing through These are small annu-
itan's, or 'h'"e who nave been living on the
interest Of a liked sum ana especially and
above all, the wives H"d iaH'iies OF soloiersi IN
the army Nay OF these are suleF'ns' and
nre iiAeiy 20 SHh'7, tuning TIC coming WINTER.
To them the rtd'Hdah' currency brings no de-
lugo OF paper money; they near OF the cur
reney teinS 'co "'thoah'' 'ut II d"es not low
their way ii 'aey nave not a 'Faae' or some
independent means 0, earning " l''c''ho'o'
the immense A'oo .. Foper gees NOT 'otch
them at Nil, ana 'hey Sno" nothing