, 1864-07-18

sunk In debt through enormous purchases,
the poor mans pound Of meat will cost him
SO cents, his ten-cent loaf will shrink to one
third Its former size, and tea ind cofee will
be known to him only through tradition.
= These being the facts, the question pre-
this juggling with its mistries, and how long
the Government will snfer such conspira-
CT oga,nst its Interest. 1t is manifest that
the cancer cannot be resisted by ordinary
legislation. Pa1latives and surtace remedies
have been tried wlthout effect, SO We must
resert to the ec,l:el and extirpa,e the cause.
We do not mean By this that ne should ing
the forestallers (Which the exasperated peo-
ple will be art to do themselves should guild
be tsput' much higher,) out to annihilnte
gold ITSELF so far IT it ie a medium Of tratdc,
aud to allo = the currency to heatthily assume
at present, is tor importations and for duties;
let us, then, reform our foreign policy, and
pass Non-Inttrcoutse Act az inst all for
rjgp powers who are not readyto allow US to
revive onr commerce b. the withdrawal from
the rebels Of 1elliEerent rights. If those
p..wcrs rtfuse, and we are to coutinue to re-
lnQui=h our comms RE through such iujus-
tice, let us at 1east make an offset to the out
rage, and save ourselves the vital drain which
the ons-sfded magnetism Is virtually infiict.
ftg. AS the case stands DOW, re epresent the
strange spectacle Of q strong man opening
blood. Nearly all Of our guild goes aofoad
lor useless luxury, and the reminder Is re-
qutred at home to meet the duties On articles
which we had better either produce tor our
selves or do without. 1t il through the de-
mand thus created that gold is forced up and
prices trgblcd on every necessary Of 1fe it Ia
imposed to represent.
When this latter evil ehall have exceeded
the limits Of forbearance, the time will have
come for the remedy TO be applied. If. there
fore, We are not to be allowed to resume our
commerce, which would Of itself inyl1orate
our tinahces and restore our credit, we
should at oDcc close our ports, double our
taxes, and maize our CURRENCY the sole medi-
um OF purchase. Prices would then become
uniform, and gold being Of no active use,
would remain quietly ID bunk without mar
ket price. The gold required to meet the
interest on the pnblic debt might then be
easily obtained. The supply from Califor-
would be Rreely in excess. OF it conld be
friendly powers. This is the only sensible
way to deal ith gold. Give 1t preference,
in any sbapel over the Government currency,
snd III the inws,. and ali the Chases
and Fessendens in the Universe cannot
prevent that inequality from disturbing
prices. So lorg as 1t has special use among
us, 1t Will be preferred to the currency, be.
Causc VI tnat use. it5 rate Will consequently
be advanced, and similar advance Will be
levied upon all actual values, and all tue nec-
eesaries Of the people. The trne remedy,
therefore, Is, the resumption Of our COM
merce on the ocean, and the subsequent pay
mert Of duties with the currency alone; or,
failipg that, an fmmedIate non-intercourso
act ii the homeless rebel corSsfrs should be
sustained against us. Of the two alternatives,
We are free to say we much prefer the Litter,
It Is the most thorough and manly; aud 1t Is
also the most rapid way to recover our pros
perity and selercspect.
1t will be objected that France and Eng
land might, In retaliation for non.lntercourst,
recognize the ConfedeFacy aud raise ths
blockade. It is not unlikely that they would;
but does my oue believe. In the face Of the |
experiences OF the Wal, ,that the rebels would |
S pc benefited by such cou1se2 Their ports
have already been sufficiently open to Nena-
bic them to obtain s1i the material of Ear
they want; md they have put more cruisers
on the sen than We have had commerce to
feed feed thetr rapaeity The only effects, there.
blockade, would be to debuuch the rebels
with an cneryating luxury, and deprive them
Of that vigorous simplicity which has made
every man soldier. IRe have hal oar ports
open; and 1oi the vital drliu, the false pros
perity and eoftened virtue Of the North!
hewn our way further toward the heart of
The rebe illon If our ports had been closed,
and We were steroly depending on ourselves!
BAs to my war which might result from o
declaration Of Non-1ntcrcourse, We can at- !
ford to treat the prospect with contempt. |
first gu. stion Of each purity is-What CO we |
risk? Our answer Is, that whenever we
nuke up our minds to re1inquish commerce,
France und England are practieally at our |
mercy. Well, our commerce IL already gone,
aud it cannot be restored until France and. |
nnI ,,11 1]E,n oh1 d.
which unadvisidly follow In their wake, re-
fuse to give shelter to the portless pirates |
who buye either burned CT aGrighted It from |
tie ocean. II less than half dozen confede-
rate corsairs have done this to our enormous |
trade, let uB ask ourselves what would be the
the ceascleee rava.ges Of our innnmer,ble pri-
yateers? 1t is well to remember, also, that
while commerce is d vital Interest with West
cru Europe, It Is to us a matter Of secondary
With England especially, it Is the
very breath OF life, and no British Adminis-
which caused Its loss, through War with
u great maritime pouer like the United |
Stntes The British Ministry have alwuyB !
eyinced consciousness Of this; and at the
very time they ere grantiDg belligerent shell
ter to their slave allies and threatening war
for the seizure Of the Trent, they were shak-
ing with secret dread that the United States
woula make war on them. Had our Gorer1-
ment, on these occasions, threatened nou.in-
terconrse as IN alternative for piracy, aDd
quoted British practice In reply to British
bluster, the country would have been ont Of
lis troubles 1olg md long ago.
Again, as to foreign War, let us imagine
France and England in accord, and endeavor-
ing to attack us with IN army Of three hun.
drct thousand men. To lal.d that number
Of effective troops would require the emoar--
kation from Europe, In the Way Of sailors,
tean.ste1s, uayyiea, sappsrs aud miners, Of
toue eiI hundred thousand men. The ex- |
tent of their line Of communication with
would be their b1se OF sup-
plies-would be ct least three Thousand
and Interruptions OF our fleets. But admit
such an affuy to he landed, what sTon}d be-
COME oft before the hosts which q thorough
ly Inspired people would array against It.
Opposed By the new science of earth orks
IN defense. We haye not yet made our march
could this invading force hope to penetrate |
his land against the resistance Of d united |
z orth?
IA to the danger Of our eca-coast cities |
thot makes the ightest cali Of all, on our |
concern. Our floating batteries and harbor |
rams would have an immense advantage over
any lron-clads built light enough to cross the
ocean; and we have but to remind ourselves
also, that against the new methods Of har~
-hor ahl maritime defense, We have not Jet
succeeded in burning or capturing the third-
rate sea~coast cities If Wilmington, Charles-
tuu and Mobile Small fear, therefore, for
Boston, Portland or New York, or even to1
the feeblest harhor on our coast.
We have not been In favor Of the foreign
policy OF the Administration; but We will
be glad to support Mr. Lincoln. If be will
promptly demand from foreign powers the
recan of belligczent rights from our reyolted
citizens, or If he will declare the alternative
ofnon intercourse. .in.caee 1t be refused. If Mr.
L,ncolnl VIII not this vlndicate the nltion,
and txhibita dignided resentment, we nre for
any Union candidate who will. The nation
is IN fighting trim; and should war result,
as we are sure it will not, from our just de-
mand, we could call our frigates home, and
throue eh IN alliance Offensive and defensive
with The Dominican and Mexican Republics,
expel monarchy from this continent, aud
sweep the British and Spanish Wcst1ndles
into onr fold, where they belong.
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8. IS. 3nnmes' Nircns.