, 1864-07-17
THE GOLD CONSPIRACY.
The Heroic RculedY,

Forbea1auce has its lioiits. Gold Is at
premium Of t.eo hundred and eighty Jour!
Fozhcarance Is the germ Of reiribution;
and IT In perhaps to be regretted thnt tt.oss
who corruptly trade aeasnst Its temper, have
not the means to gauge the rising heat. and
know Just when endurance Will cease to be n
virtue. Gold. With iss starvation t-ec1- mar
soon be at premium Of four hundred and
c!ghty-fouri Its t1uctuation ia with hand.
ful OF public enemies in Wall street-mcm-
bers, some of thcmt of the Copperhead Con.
vention; and agents, othcrs Of them, Of
European banking Jaws-who are the pat
rons Of The iasurgent cause, and OF the Con-
fede1ate loan. These worthy operators, who
had long bcgru5gea the Federal auances
their superior credit, have united to tcos.
ner" the whole market stock OF the precious
metal, that they may dole it ont, so as once
to gorge their greed and depress the puolic
credit.
The recent rise in gold, therefore, is not
the result OF sstne natural laws OF trade"
we bear 80 mnch about; nor does 1t repre-
sent the public estimation of the currency.
II is simply the result Of a conspiracy, hy
which knot OF hcartlcss Jews Ia the rebel
interest have higed the sixty or seventy mill
pie to starvation prices, and stab the credit
OF the Government. To cover their designs,
they hare dcfamed the Treasury, and charged
upon the Minister what was the result Of
their own criminal device. Congress, alarm
I'd Ut the unlocked for rise IN gold, isnoruotly
attribute ed the imitation to the fierce upward
betting in the Stock Exchange. They did not
| reflect that this stimulation was exactly bal.
aEced By tht equal effort Of those who ac-
! cepted the conytrse Of the proposition, and
lahorel with Ike interest t9 oeat gold down;
to DO With the impuisiou Of the wheel.
Their legislation, therefore, was lugubrl-
! Qua failure, and the forestallers at the hub
| were enabled, through their orators anu Jour
nails, to make another outcry against the in.
capacity Of Government, aud 10 accuse the
Act against gambling In tlmesales as ssan
interference With the natural laws OF tr ade.''
Donbtleef. the sudden ttoprage Of "quota-
tions favored the schemes Of those who
had hived the treasure; but gold would have
risen all the same without the Treasury bill
and It was ehe.r piece Of luck to the con.
sp3ratorB that they had acquired its control,
and were prepared to .'put 1t up" just US the
bill ngalnst time.sales happened to be passed,
BE who has engaged to deliver an article on
tiy.n day must, if he hare none, buy Of
those who hare 1t; aud If those rho hare it
hold all, the h5er, instead OF q purchaser,
btcrn,es a victim. Xxx.
Such ts the case with gold to-day. It has
been b1tsul3y withdrawn from the natural
laws Of trsde;" !" aud unless soue remedy be
dt vistd to check the desfgns of HE nefartous
consptratots who manage It, 1t may be 'tpnt
up'' 10 5C0; and while the Government Is
sunk IN debt through enormous purchases,
tile poor mans pound of meat will cost him
70 cent?, bis ten-cent loaf will shrink to one.
third Its former eIze, and tca and coffee will
be known TO htn only thzoug b Tradition.
These beiDg the facts, the gusstion pre-
cents itself hon long the public VIII endure
Ibis juggling with Its miserfes, and how long
the Goyernnent will snfIer such conspira.
CT agalntt its Interest. It Is manifest that
the caucer cannot be resisted by ordinary
legislation. PalliasiSes and surface remedies
huve been tried without etfecl, 10 we mus,
resort 10 the zeal. cl and extirpate the cause.
We do not mean by tlis that ne should hang
the forestalIers (Which the c1asperated peo
pie nin DC apt TO do themselves should go1i
be tputo much higher,) but 10 annihFlatt
gold Itself, 80 far as 1t is medium Of traffic
I and to alio the currency to hcalthily assum,
. | Its place. The only rea1 use VIC have for gold
at present, Is Tor importations and for duties
! let III, then, reform our tnreiSu policy, auc
PASS fon-1ntercourse Act against all for.
elen powers who are not ready 10 allow Ms Il
revive our commerce By the withdraw from
the rebels Of belljgerent rights. II thos,
powers refuse, and We are to continue to re
lnqnl>h onr cunms rce through such fnjus
tice, let US at ltast mske an Offset to tbs out
rage, and ave ourselves the yttal drain whicl
3 Tie on.-stded magnetism is virtually indtct
!, lrg, As the case stands DOW, a present tn
, strange spectacle of strong man opcnin,
hts veins to sec bow long be can live Wtthou
b blood. Nearly all OF our gold goes ahroat
: ior ueeless luxury, and the remainder Is rc
, quired at home to meet the duties on article
which ~ had better either produce tor our
! selves OF do without Il is through the de
. maud thus GRATED that gold is forced up an
prices trsbled on every necessary Of Life 1t l
5 Nhcn this latter e1il ehall have exceeae,
t the limits Of Eorhearancc, the time wilt har
5 come for the remedy to be applied II, there
n fore, we arc not to bo allowed to resume on
> commerce, which would Of itsen invicorat
q | our finances and restore our credit, "
i should at once close onr ports, double ou
e taxes, and make our currency the sole med
= um Of purchase. Prices would then becom
y uniform, and gold being Of no acttye nsI
= ket price. The gold required to meet Il
d interest on the public debt might then b
IS easily obtained The supply from Callfu
+ Mia, ia cssc Of an act Of non.exportat1o1
10 would be largely in excess, or It could b
= procured By loan from Russia, or oths
II way to deal with gold Give 1t q preference
,e In any shape, over the Government currenc
is and you 1t once exaggerate Its vain
1 and nll tn. laws, and all the Chast
p, and Fessendens in the Universe cam,
Il prevent that inequality from dlsturbin
., prices So long as 1t has special use anon
7 Us, It Will he preferred to the currency, b
,e be advanced. and similar advance will
te levied upon Ill actual values and Ill the ne
10 essar1es Of the people, The True rencd
t, therefofe, il, the resumption Of our col
d. ! fnc1ce on the ocean, and the subsequent pa
ot ment Of du1ics with tht currency alone; .
10 act. II the homeless srbel corsa1rs should
Il. I snafafrah apAFnpt ue 1f fhe tWO a1tern sfivt