, 1864-07-20
COST OF LIVING,
The Currency. Ques,lon-War piees--How
lneuttd-8rtseles of Domestic toasump.
t10n-AdSanee In Three Years.


The ,-an., ,rnrsc1.,,o, IL ~. rns. =, ~
ces Of o, =,
.hree year., ie matter Which commend. itself 1 to
our aaosl fet'ous cont'oe9auon. The cost Of 1lv-
TIE has gone on increasing, tn 1t has attalhed
pitch which 10 go markedly in contrast With the
W.. ,.o,1 ,.ns. ..4 ~.n 'eAee4u unes, tnAf we
10, - ta-oe eao 1eneet On Inc nature Of the ad
vance and The causes, natural and nctltloua which
The dcn7ec,at,on ~ A -. VI totnss smons US.
wh,ch en,ass 1s"4, " tne currency Is mat ter
question set aot Into a,1 the discussion o. this
poee. We do 1ot nn,r n-ono.e :. fsep4e sup
hrnncb ~ ~. -. ~" propose to discuss this
That the en,rrnsr h.. ~ osner thsn general terms
TACT which we tnust admit. boweve, rnnct -
dep1ore or believe II ~ =. smsssr uso We may
eee any reason vhv tho cvss,. s.s IS ., ne 90 not
khonld be estimated at 80 1nneh hp1o,v n,r. ~ ~
not 60 eetimated eYrent n, .-,saa,st..,s - ~ =
.'' We can very wen understand Why the currency of
has no Foundation OF seeasrs entsns ~
should eucceed in estabiishinr II tbeie II taey
there would then be some chance Of 1he XII heine
paId, Otherwise fhefc would nersr ha ~ oeang
chapce,nd there Il not row npr Iii he ~, ~
With oureelyce it Is daernt he ~ f.,, ~ ~ .s
couutfy is pledged 10 the r.asno ,,i, t1o y! the
and conceng thc impossISijitf tha ~ ~ ~ assuss
tr6fnPnApNrH fhornv II
main al the wealth of he NnTthe-n stl Re
riiy for its nsymrnt OH h plates as seen.
bonds and bil Issued shond e1nss9T 9
lie WHO'S nf ,he W6rthes .sa. ana personal IN
Of st1II fnr,hcr 3s,nse o1a ses. with prospect
do dns Ieat I cause tor puniely oqcy or pushing
cnunt tron, o'id ~ papes oe,oE small dis-
logically ana see st1on lou1 ~ t1e matter ana
cen,f3W Enn,pa ~ me .os cary part Of the present
iarse1y is.nsS I,otes ~ q Wa. borrowed money
pasmens anrhar;zei ina 1na nc m o. specie
Dnrinc esn1a tho ,, Mas continued nineteen years.
minent nerf; Sha uss Eas,aaa ta1a.+. VA n In
yason: pi1en sere,ss naares .ns'e1eo Wna IN.
1hat Ensjan TenII h. shs 1aa ~ nons soHia 1o:sse
yidna]ity anonn ,he n..;on. nnI !aul-
her nansr neve4 drn,eaated aea tha. am'a az thls
Wo41h tar MI, ,ne soe sovessHn was never
Sbe nore' ~ ,se ealnss IN paper
Ame now a. Fnrsnd Tss rseu nsss5 ad 90 g sess 70
11a f9 .h tuae ~ DEL nasn We pave no real
Etouna .oI me eae a0vaaEe o EGG neyond about TWEEN
&c BIZ Of history rery good reason against any
oeHseGiAlion 2. ~. 1oe cold basls was returned
to IN kgSan d. a he 9
{eens ns 70 me Hohchtntai issues q the United
uuI'ns tne Msr o. tne revolution, and their
Ba tSe Is u neet bns HEeept az a.
des as s!aIpst a5 the
thoee promises to pay were Issued BY
EfoF2stoH9l government which hoped to eetab-
asn l nsen " 1aen Ma, When tnc 9oeus government
AZ analogy tnr,ished BY The history Of other peo
pies points 10 this one grand truth: Money bor-
,ss1 .U~su y as nS" ~ sovcfnment foF the
be paid at maturity, but money borrowed by an |
established government Tor the purpose Of main- |
sa s.aIine toe normal ofocz o. things-ot asserting
ence aId dnuthottty-always his been psld aud al
Mays VIZ ne hence no canae ex1sfa for fear Or
oepfecanon r., a;s ~ IN - on1 case;
rom eG0 to sG5. The whole strength Of the seces-
zion clement At home and abroad has been concen-
IN in's point he.r anancai system is
n1e lost az hope Or discretion. they clutch at any
f9, 14e "ataln reach seeking to drown them also.
1,n taeaf tb owa s9th Of Mason and Dig
esmpathtzers n Europe have kept preaching up
1G na 9oatt ena1 NE son.h can never be conquered
ter separation till they have eucceded in weake1inc
@ C1nnqepce practically IN the value of our paper
dass = naFs Dsen too ably seconded By their Cop
every means IN their power 10 depreciate the Gov
elnmental issues Unfortunately they hare been
Of to o1sd a1 9a6 10 owp balls
Aiee enonen 70 coEer our expenses The thing
nIas tnas ef3Sn we price Of all imported art
~ conrSa wn1ed 49, We nave mad far too many-h4s
~ f1,s, Gousse ;, oeeo eoFe1ned, largely BY the
1ofe1gn estimate Of our psper. as we have
Sm1.r5s 10 oaz gea ~ r@9eeeWfh to PAY for them
nef abroad. have necessarily draw the SAME ps,ces
Al nome. Then prices Of other material, not con.
neced WIN taese nave bean run up BY speculative
due TO the fact that some Of their components haye
heen imported, and that producers sought to charge
their Wsr tax On tie purchaser, By imposing
dEawal Of so many rneu from their ordinary avoc1-
tions, maEes ZONE kinds Of labor scarce, aud The
workers demand higher wages, while amuch Isrrer
HuDN1T fnR fnE Eao1L