Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1863-12-10

amount Of money adequate to the wan OF co'Amei -
did not stop, but went on increasing me aoun
900 600 $500 900 600 S6OOOOOOU and the result Was
inevitable, !,
The depreciation from the lst Of March last to the
LIST of July has tha rate Of hive per cent per hny
up 10 The lst Of ny 1t seemed 10 DO overlooked thHt
while ,ou increase the issues of the Government you 10
the same proportion deprecae the value OF the currency
Ii cannot be otherwise it governed by aw-aw that
M human legislation can control You may, by appeals
to patriotism or by Intimidation, induce men TO take NJ
but after this every means will fail and the value of your
sue must finally be determined by the nexorabe standard
of gold and silver, the worlds measure And all those
laws regulating the prices Of produce other articles OF
commerce aud establishing maximums, will not induce
these credits to be taken when they become worthless
and have no other effect than to discourage industry
the seeds of discomfort among the people ana l"
raise up party against the Government Itself.
This law as invariable Ss that which made the Geo
to flow and minge it's waters with the Atlantic Ocean
Men may enact the folly OF Canute but they cannot a
res the laws Of nature Appeals to patriotism To sustain
currency on false principles wesken th' friends Oh he
without benehnng the country however wen h'eu
ed they may be. They may give to the Government OF
their substance that is patriotic yet cannot sustain
currency based false principles They had better give
the poor with the better that the Treat lhy
master will reward them, for lie hath said " lie that
giveth to tho poor endeh TO the Lord You must then
give all your energies to the real Improvement ot your eur
uncy Redeem your treasury notes first ny loans ~ iar
yu can then tax for the balance of the excess Bnng
the quantity down 10 the requ rements Of commerce. ana
it vi regain its value. Neglect 10 do ths and shae
aud dishonor stare you in The face.
We must reform and commence by increasing the va
ue OF dollar to that at which the law hxes IT, seventeen
penny aud eight grains oi silver and not let 1t re-
main at what it is worth--about gram and hali
of silver to the dollar If debt is incurred by the Gov
eminent it will be- among ourselves for no other people
believe will take credits and the people must be tax
cd t. the amount it may be found necessary to redeem It
Our Government has already called for the service III the
field, of the abeboded males, between the ages OF egh-
teen aud ortyive and may call out all othar able bodied
men when necessary Why may it not just as well call
money any desirable extent of those who have been
permitted to stay at home aud make money Money 10
st necessary for the prosecution OF war as soldiers
the remark of Of the greatest of modern warriors,
Louis XIV not far from the truth that when two ma
tons go to war that will conquer which has the last
dollar in the treasury put it to every honest man who
has stad at home if he s not as much bound TO ad The
Government with the money which he has made during
the any soldier to defend it with his blood The
in the army gives all his time which may be all his
capital to defend the lives liberties aud property Of HIM
self and his countrymen Shall you not give all Your &C
QUESTIONS, at least during the for the same purpose
] think Look ye to it Revolutions go to the bottom
| OF things,
Your cause will suffer from the want Of that which is so
| necessary for our success army. This s new
thing Our ancestors tried tho plan have been pursu-
pg in the revolution of l776 They issued two hundred
millions Of notes which being vastly in excess Of the re-
qurements OF commerce speedily deprecated IN value
until in 1880 eight hundred dollars were worth but one
dollar and aiterwari these credits ceased To ex
| change commodities. This in the darkest days OF
the Revolution, but still the and cause trumphed
1t strong in tie strength and right in the vitality OF
truth and it triumphed in despite of human folly. III
1880 after the bad ended the States nor
having provided for this currency the Government
agreed To receive them loan at the rate Of one
hundred dollars for money And that IL the hsto-
~ to which have been shutting e es The French
were simple enough to follow exploded with
the result. When assignhs the and
had greatly deprecated great effort made to induce
The people to take them, but notwithstanding the penalty
of death affixed to refusal 10 receive them in pay
meut for debts aud commodities, the eftrt failed and
signnts duly chroncled among financial oles. But
her revolution did not fail They abandoned the policy
al haffa
counsels under the enlightened policy Of Napoleon the
carried their eagles in triumph great portion Of tn"
| civilized world.
Therefore we have nothing To fear except from our
persistence in folly. Our Government must pass laws by
which the amount Of currency may reduced to the re-
quired mts, and then instead of war costing us
$500 100000 year, 1t will only cost 500 600 600 and
Instead OF paying three or five or ten prices for
cesssries shall get them at their lowest money pr
and instead Of promising our soldiers eleven dollars pei
month and paying them dollar pay tham what
promised tn pay them. aud it will exchange Tor come
thing Wherewh to support their lamlLcs would have
been far better to have borrowed money on bonds al
twenty-five cents tue dollar thsn to have kept up this
folly aud drlusion u single month
Then ellewcitlzens to what you should do in these
trying tjmrs You have been sent here to egsate for
good af the people You have clothed your President viii
this war for Independence Support him, therefore with
every Legitimate your power the uttermOs in
all the exercise Of hs rghtul powers At the same time
raousy watch the least upon public liberty
Let IL remember that the President down t. the lowest
magistrate in the land but the servants Of the people
aBd not their masters and therefore, check should be-
imposed all unconstitutional measures You need not
fear that your Executive will not be strong enough he has
the control AT thousad millions per annum Cong
invested bin with the power of appointment the army
aud civil appointments including the power of exemption
from military service which reaches nearly every family
n the Republic. There il weakness here he who /,
bold enough to crticse with freedom has no Other
shield but the cnnscentnusness Of rectitude and faith
| the truth and the people.
| 1t may hage been expected nf me that would say
something Of myself on this OCCASION ! will not Twenty
ee years OF public service have convinced that
yau tor any IN public life H. pect escape censurr
d'tractun, aud malice, If he his country faithfully
au n0t vain enough to deem myself exception the
ruiz" As man, am ready to meet all detractors but
have no grievances for the publicnone to control my
public duty. i" all my defam"rs | will answer in the
language OF Dant"n: Make my forever infamous
If you can, but my country" All of us who do not
look Ia the enemy stand tn bottom-ons future
one hope destiny. Then let all uute-unite he art
aid hand for the OF the country III yen ask me for
example worthy Of y"ur Imitation will give it to you
| Initiate the example "f our fair cOuntrywom They
have carried of the palm Of patriotism ia this war They
have given all and suffered all, for The cause
Gentle woman realize aud accept the grand truth that
liberty IN s last anays il but the blood of the brave
| Applause
| ALLEGED FRAUDS ON GOVERNMENT