Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-09-03
SATURDAY MORNING,-AA+ AUG: ~ ~; 1861.
A Democratic Scheme.

A Democratic" Scheme.
It has been well understood for some time
past that systematic effort was being made
BY rebel sympathizers to embarass the ope.
nations Of the Government by depreciating
the value of the currency, but not until quite
recently have they attempted to buy up the
Union press to aid them in the accomplish
ment of their wicked and reasonable pur-
pose. Knowing that the value Of all paper
money rests upon the confidence entertained
by the public in the ability Of the party issuing
it to ultimately redeem it dollar for collar in
gold, they have commenced a systematic effort
to undermine this confidence by appeals to
the people through the columns of papers pro-
Tossing unwavering fidelity to the Admins
tration and its policy Of prosecuting the war
until the last rebel shall ground his arms and
submit to the authority of the Government.
As long as these mischievous articles criti-
cizing the financial policy Of the Government
and predicting the ultimate worthlessness Of
the paper currency, were confined to Copper
head journals, but little, comparatively, was
accomplished in this direction, and hence the
scheme to secure their publication in Admin
istratiou journals. Aware that no Union pa
per would voluntarily copy them. they first
procure a publication in such mercenary
sheets as the N. Y. Herald, and then these
articles are circulated in slips as taken from
the paper in which they originally appear. and
are sent to Union papers with request to
publish as a matter of news. and if this is de-
clined, to insert as advertisements, and send
bill to their agents in the Atlantic States for
payment one Of these slips was received by
us, and to give our readers an idea eff its char.
acter and purpose, we copy from it the follow
ing:
lowing to the movements of spectators
in gold the depreciation Of our present paper
money has not been as regular as was that Of
the continental currency, but its decline seems
quite as certain, unless something is done to
check its downward course"
All who reflect moment will observe that
there is not the slightest analogy between the
old continental currency and the present
parer issues Of the Government If compared
with the Confederate currency the analogy
would hold good. In continental times, no
provision was made for the redemption of
their currency. nor was there any revenue
raised for paying interest upon it. The
country was poor, and engaged in what then
appeared to be hopeless struggle for separ-
ate national existence. Now we ere the most
powerful Government on earth, with a rcve-
nue. which will yield the current year at least
four hundred millions. Ample provision is
made for the payment Of the six per cent. in
terest, in coin. Notwithstanding all this. the
devilish attempt is made to impress the be-
lief upon the public that the bonds Of the
Government will soon become ~ worthless
a. the continental money At the close Of the
war of the Revolution.
The annexed extract. which We copy from
the Richmond Examiner. points out ho~ its
" Democratic" friends North can best serve
the rebel cause. If anybody has entertained
q doubt heretofore that these Northern allies
ere in full sympathy With the rebellion. and
acting in concert With them in their struggle
to divide the Union, such publications Is
these and The action Of the Chicago Conven-
ton mset reDovs them. The rebel organ
says truly that "tbs most e6ectual way for
the .Ds~oesaey' to get the control of the
Govesnmest i 70 do their utmost to weaken
the Fedesal army and discr~dis Federal
finance" Most vigorously are ih~y At work
for shs seeo.Plish.ens Of these purposes. and
it s . source # great grief TO ~ tina; Union
mn sPea the Psri6e coast. in tb<u zeal to
preserve sPseie eireslasiee. ere being be
trsyed into scsing in esee~rs with the enemies
af the Govesnneus. II the scheme nov on
foot to vsakea and destroy the eoahdeces Of
TIE people in the esrrrney Of the nstion shall
sacceed. land ii certainly vill if they allow
themselves to be impressed with the idea that
Treasury notes gill sooa become rs vslaeless
- continental macy in Revolutionary tiises, }