Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-08-10
rHE eREFNBAcK pANAcEA.

We say all, for II there is anybody so
completely in out of the wet as not to feel
the effects of the present financial spell of
weather. we have not encountered him in
our peregrinations. An accidental as
semblage of half a dozen citizens is not in
eonclave as many minutes, before one of
the number viii start the wall, and all
hands Join in harmonious chorus. The
concert generally terminates in discus
sion upon the propriety Of . adopting the
greenback currency" The more it is
talked Of the stronger the impression
seems to spread ITSELF that in the green
back system alone lies "the salvation of
! the country" We must admit. however.
that in all the conventions of sidewalk
political economists that we have attend
ed, where the greenback policy has been
invoked as the remedy and panacea for all
the evils that we are suffering under, it
has merely been enunciated US general
principle or theory, without any attempt
to show exactly Aoo the system is going
to perform It's glorious work. Political
economy has in all past times and ages
been regarded as an abstruse, profound
and difficult science, fathomed by but
few, and but family comprehended by
the mass of business men who, in the or
binary routine of affairs, consider them
I selves, and are considered, tolerably
"cute." In this latter day, however, it
appears to be within the grasp aud COM
/ prehension of everybody to certain ex-
tent, and those who have had the least
opportunity of giving the subject any
study at all appear to know more about
it than anybody else. me class of COM
munity known as curbstone brokers"
the majority of whom, three years ago,
could not have cast the interest on hum
dred dollar note at ten per cent. per an
mum, discourse very learnedly at this time
upon matters of finance; and having lee
tured loudly and learnedly upon the
street corners for some months, have
impaired thorough knowledge of
the subject to the whole people
The terrible epidemic which afiicts
all sorts and conditions Of men is
scarcity of money! scarcity that runs
down through all the grades thereof to
absolute restitution. Things, financially,
look blacker than niger in dark cell
/ lar hunting for black cat. The people
cry aloud for a remedy, they are drown
ing in a sea of financial trouble, they shout
for ife-preserver, and they are shoIn--.
a greenback currency note. We italieise
the word sho,ca for a reason. That reason
! is this: 1t is a proposition beyond much
question, that with an abundance of cur
rency notes in each of our pockets, We
I should all of US be, for the time being at
7 least, a vast deal richer than we are to-
day. Even at thepresent depreciation we
could, if we had enough greenbscks, pay
all our debts, surround ourselves with all
those things which are requisite and
necessary for the comfort of the body and
the soul, for the present, and even buy up
some gold to hide away in an old suck for
future use. That would be bully. We
are in for that all the time. But just here
we run butt" against snag, that brings
US up all standing. How we are we to
get the greenbacks: This is question
that has been sore trouble TO US when
listening to the prescription of the public
physicians recommending US to "adopt
the greenbaek currency, and it will be
all right" In looking over Mondays
Alta. this morning we have come across
an article headed Political Economy
Made Easy" That article so fully en-
bodies the sentiments that we have long
entertained on the subject, that we make
the following copious extract therefrom
There is nothing in the writings Of Adam
Smith, John Stuart Mill, or any other man
who has bestowed attention upon the priu-
ciples of political economy, TO furnish salts
factory grounds for the hope, that by
change Of currency from gold and silver to
paper, those who start in with none of the
former in their possession, will have their
pockets Immediately filed with the latter,
I'VE can give no better illustration Of this
great truth than that presented BY the Mile
sian emigrant, who delighted on all proper
occasions in descanting upon the extraor-
binary eheapness of every article, either OF
necessity or luxury, in Ireland. There,
he said, :" you can buy any quantity of pota-
toes, meat and milk, for the small sum Of
| sixpence." One of his auditors then inquired
] why it was that he left land where every
thing was so cheap and easilyprocured. The
reply was, land we hope it viii be studied by
| snall-fry politicians everywhere: Faith
and sure, didn't have the sixpence."
eve have no doubt in the world but that
as soon as this proposition is thoroughly I'M
| derstood, the absurd agitation now going on
will be dropped at once. 1t is grevious
mistake to suppose that those who win no
gold can, BY change Of currency, become
| wealthy in paper. IL the matter Of mining
stocks, it was competent for every person to
| get up his own circulating medium. He had
| his choice OF engrayers and ofsdesigns. The
groundwork might have been green, red or
| blue. II is not so, however, with the Ma
tional currency. If gold and silver should be
| tabooed IN this State, everybody would not
! therefore acquire the right to manufacture hls
own greenbacks-" That tive are not step
ping beyond the record in this case, we have
only to refer to dispatch received day or
( two ago, setting forth that private printing
4 Office, engaged in that business, had been
broken up, and all the parties found in it in
carcerated. This branch Of industry is to all
intents and purposes Government monop-
/ oily. It has its own engrayers, presses and
| plates, and when it turns ont fyes, tens,
twenties and fifties, it does not scatter them
broadcast over the land for everybody to pick
up." e4 ess8 AZ s. aEG
The foregoing is just the idea that has
forced itself upon our mind, every time
that we have heard this greenhack cure for
all our woes discussed. Gresabacks are
good; and il, on this blessed day of our