The Goodhue volunteer., 1863-02-25
WHOLE NO: 392<
i,etnrniNy Confidence

Ten days ago Gold was at sixty per cent.
premium. At the presant time of writing
it is at filty-too and one half per cent pre-
MUM. and weak at that. We of course,
can not 'oresce what may happen to deprc-
clate the currency below the present. -alu-
alton dus it seems as though reaction of
the Gold panic had fairly commenced, and
would continue until healthy state of af-
'aIrS Is again brought about -.
Fhe inflated value O. Gold has been at
trihu'ed to many causes, but we believe:
that the following are among the most 1ufu-
entail. .,.
First, the direct efforts of the Northern
sece>sis nist* aud Wall stree; Brokers. to
discredil the National currency. These ef
forts have been iucessant Such Journals as
the New York World, have never allowed a
day to pass without some malicious assaults.
upon the credit Of tho Government, and tho
Treaau:' Note system particularly.
'::e:r.':.". The distrust which has pro
:'.>.' -" :onr business men, to a greater
1T t. as to the final isue of the
- "-'e. This has not arisen so
':':. ATS in regard to the valor of
,.'!' = 'hc skill Of our Generals, as
''"N "' = :'cniag aspects Of our poli,ics
at il"1* .!-y have seen large and once
E!o''crb;.' t~..';, IN the North, led practically
by p'i;lc' sts ani by newspapers who lave
commenced crusade against the Govern.
ment, which: il persisted in, can only termi-
nate in the utter disintegration of the va.i.
Gus sections Of the old Union, and in utter.
hopeless, bloody anarchy. 1t is an undcnia.
pie fact that the greatest rise in the value OF
Gold has occurred since the partial success Of
this party has emboldened its leaders to a.
vow their real s ertiments.
Fortunately, as VIC believe, they were too
confident, and too soon unveiled their re:
purposes. In New York those democrats
who have the most stake in the country
have aleeady begun to reroil from the pro.
gramn'e OF the more violent copper head
W. al "H>oleN' vi inc MOSl reliable au-
thority, that the same reaction is taking
place in Illinois. the prospect Of remorse!css,
internecinc war in every neighporhood ser
wing to cool off the ardcr of extreme part
lsanShtp. ''.' -
The increasing probability Of the adoption
a S. s..stcm Of finance, which shall save the
+coun,ty from the tender tncrcise Of the
Wall Street sharks, has had much ito do
with the restoration oi pubii,; confidence,
and the consequent declie in the value Of
gold.
With practical men, who are not afflicted
with to much 'ni gecr on the brain,: the
growing assurance lha; the government will
avail itself largely of the military services Of
the slaves, has contributed to Increase their
confidence in the success Of the Union
cause.
Again the incap,blcs and do no.hincs
have been pretty we'll wecdcd out from high
military positions, and now our commanders
are. as whole. men who hate rebels and
mean to whip them withou, unnecessary
delay.
The, government is determined the army
IS cage: to revenge past defeats and eclipse
past victories, and the large majority of the
Northern people need only Organization to
take care OF the tories. Unless some dire
misfortune befall us, the public confidence
now beginning 10 grow in strength, will be
firm and constant Let no man despair of
the Republic. Nlruulc Sntinrl.