New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-06-15
GOLD-GAmREING.
speaking.

GOLD-GAmBEING.
The following important bill has passed both
Houses of Congress, and will doubtless be
signed by the President forthwith. 1t aims to
lay the AK at the root of the upas of Gold
Gambling:
SEC LIB, Il enacted. &c. That Il shall be unlawful
to mako any contract for the purchase or sale and de-
livery Of any gold coin bullion 10 be delivered on any
day subsequent the day Of making such contract or
the payment Of any sum either fixed contingent IN
default OF the delivery Of any gold coin or bullion or 10
make such contract upon any other terms tan the ae
tual delivery Of such gold coin or bullion and the pay
ment In full Of the agreed price thereof the day for
which such contract IS made IN United States notes or
National currency and not otherwise or 20 make any
contract for the purchase sale and delivery OF any
foreign exchange Ia be delivered at any time beyond
days subsequent TO The making Of such contract or
for the payment Of any sum- either liked or contingent
in default Of the delivery Of foreign exchange or
upon any other terms than the actual delivery Of such
foreign exchange within ten days from the making oi
such contract and the immediate payment in ul OF the
agreed price thereof the day Of delivery m United
States notes or National currency 10 make any con
tract whatever for the sale and delivery Of any gold
coin bullion Of which the person making such con
tract shall not at the time OF making the same DC IN &C.
tual possession; and it shall be unlawful 10 make any
loan OF money currency not being In coin 70 be repaid
in coin bullion or 20 make any loan OF com or bullion
10 be repaid In money currency other than coin.
! SIC = 1t shall be further unlawful for any banker,
broker other person 10 make any purchase or sale
of any gold coin bullion, Of any foreign exchange
contract Tor any such purchase or safe az any
other place than the ordinary place Of business OF either
the seller purchaser owned or hired and occupied by
him individually OF by partnership OF which he Is
member.
SIC. 3. All contracts made in violation OF this act
shall be absolutely void.
Of this shah be held guilty Of msdemeanor, and
on conviction thereof be fined IN any not less than
one thousand dollars nor more than ten thousand dol
lars or be imprisoned FOR period not less than three
.rsI lorp Al
ton OF the court and shall likewise be subject 10 pen
. atty of one thousand dollars FOR each ofense.
SIC 5 The penalty imposed by the fourth section d
this act may be recovered in action ut law In ANY
Court of Record Of the United States any court
competent Jurisdiction in which action may b. brought
in the name Of the United States BY any person who
will for said penalty onehnlf for the OF The
United States and the other half ior the person bring
ing such action and the recovery and satisacon OF
Judgment any such action shall be bar 70 the impO
son Of any fine for the ocnse in any prosecution
instituted subsequent the recovery Of such Judgment
but shall not be bar to the innictOn Of punishment by
imprisonment provided by said fourth section
SEC. e. All acts and parts Of acts Inconsistent with
the provisions Of this act are hereby repealed.
We heartily rejoice in the passage Of this
act. though we have no idea that it will sudden
ly and greatly diminish tho premium on God
or the difference in value between equal nomi-
nal amounts of coin and paper. While the enor-
nous expenditures of the War 60 on, and while
the country continues to import largely more
than it exports, real difference in value be-
tween 81 600 of Coin and like nominal sum
were made felony by statute to recognize and
respect that difference.
| We do not, then--if Mr.. r. r. Davis will allow
us to know our own minds-propose to repeal
the law Of graytation by the act above print
ed, any more than our generals in Northern
Georgia proposed to repeal that law when they
tried to protect their soldiers against the at
tempt of their Rebel foes to roll rocks down the
mountain-sides upon them.
This act will not ciface the just disparity be-
tween Coin and Paper, but it will embarrass and
impede the aggrayation of that disparity by
gambling and dsloyalty. For years past, the
partsans Of the Rebellion quartered in our city
have systematically and by concert striyen and
employed their means to increase the premium
on Gold. Their intercepted letters prove that
they did this in behalf of their master, JEFF.
Davis, and in the conviction that they were aid
ing the Rebellion as truly and palpably as
though they were welding muskets in the front
rank Of Lees army. A good many, of whom
better things were justly expected, have
been lured by Mammon into vying with
them in their unholy work. These
arc now fairly warned that their deeds are evil
that they have earned the reprobation Of Con
gress--that to persevere in Gold-gambling is to
affront the majesty of Law. We trust they will
be induced to repent and reform; or, if they
should not that they will be made to suffer.
The premium on Gold may rise still higher
though We do not believe it will; but if this
law is enforced and obeyed, il will only do 20
because our inordinate Importations and our in
adequate Taxation render such calamity in
eyitable. But let Congress forthwith perfect
its Tax and Tariff bills, making the rates as
high as can be borne, and let Gov. Chase sell
bis loans On the best attainable terms, and let
them succeed each other as rapidly as they
shall be needed, and We shall hope to have the
premium on Gold below so within the next two
months. If Gen. Grant should take Richmond
or SKATER Lees army, we certainly shall.
s...--.
The N. Y. Express asserts that "this civil