The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-02-18
- n mn snA - cs.vvary.

AZ ~ Congress has acted boldly sqd
,1.eea menaurts fos revenue and for the
reduction a The currency. which ase oes
tined 10 work . revelation 10 the finances o
he country and The Government. The Con.
fsder,&e (;Sngrsas Of the Revolution OF 40
Ma no power 10 tax The people. ana 'De
rrest sarrgels a that day hAd 10 Be condn'r
"a .lmoet wholly upon The paper promsss
e ~ s.sostyicdr Continental CongreeA-
Our own 0osernmcnt bad the vefy sreas .a'
vantage over That OF our ancesso1ss o. -.
,c.eeitut,onal authority 70 impose . osreH
80 Ia the support Of Government ana sne
S.fs.ce ~ tho country. Yet the Congress
-.stad the nerve 70 discharge ito duty. ana
,mpese Il ones, In ths'incipiency OF the war
: tsx 20 sustAin t. Demagoguelem snc "
midity-the fear TO incur popular dlspless.
ma bv the Althfal discharge Of puohc
dotx-occasioued postponement o. snat
nsssure which sooner or later was krown
"a he Inevitable b. every man. whseher IN
:, ont Of Congress. The motives for tnia
an,ay vere entertained under On entire mis-
a,,sehensiou Of the sentimsnts ana op'n'
dons a the people. They were u wise sn0
- natr,otae - Congress, and greatly prefer
red prompt inpositlon Of burthens they
srnsvv thsy hAd to bear. to tho putting them
~ 10 b aexravsted and increased by time,
,sotil they could be postponed 40 longer
We now SEQ that the necessity Of the sitna-
tio,, Of public aGAiss has brought ~ to this
,,ca,t /. nd these accumulated burtheus for the
people be,h,, no longer avoidahle. they are a.
iast imposed-and We may say entirely and
in all their magnitude
SO much the better! The people will be
consoled by the rejection that the severe
remedies now resorted to are absolutely In
dispensable to the desperate condition of the
diseases Of the public finances, which have
produced the worst consequences not only
to the Government, but to the people In all
their occupations. They viii welcome the
treatment that promises cure. To purity
the currency-to elevate the credit OF the
Goyernment-to bring down the standard
Of values from their inflated condition to
that reasonable and rational stage which
win dispense with the necessity Of two sche.
dulles OF prices-one for the people and one
for the Government-with all their evil con-
seauences;-to do ell this, or something ap-
proximating to 1t, the people win bear apd
suffer great deal-nay, they have been
ready at any time since the war to bear and
to endure all that might be demanded by
their country for these objects. They OIL
ways knew that no national debt-war or
n$lnr -,.nulA no mid IN ny xvov 40 va nv fay.
alton. Taxation or Reputation is the inevi.
table alternative, and as they desire their
Government to maintain it's honor and Its
credit, they are ont and out advocates for
taxation.
That the measures adopted by Congress
are the best tliat could have been framed
or that they will operate with entire equality
may not be true. But 1t is not the time now
to criticise them or to oppose obstacles to
their operation. The condition of affairs
allows Of no further poetponement, and 1t
cannot be complained thot the remedies re
sorted to are too violent for the occasion
IN short, Southern men will cheerfully ac-
quiesce In them as in patriotism they should,
aud, as In just practical view of their per-
sonal and private interest, they will. The
heavy taxation and the reduction of the cur
rency will not only compensate for the pub
I C burthens imposed by immediate benefits !;
but the people and the nation will be pro-
tected from that awful revulsion and f1nan-
cial ruin which was assuredly to fall upon
them limo measures had been taken to check
the paper issues of the Government and to
Increase Its revenues for its own expenses
and the nuhIic defence