The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1864-07-08

tors 10 the country conid maintain gold pt
It's present prices You may dam up n
little stream, you cnnuot dam up the Del.
aware--ai least not more than u few feel
Ia height. Itswill either overflow it's
Banks, or break through your puny OBJ
structions.
But what could be more unnatural thsn
the apparent prosperity of the North dur.
ing the last two years Hundreds of
thousands of producers Withdrawn from
production, and employed only in wasting
Tho baton mourning daily two millions
Of debt--aud ye, the North appare nlly
never more prosperous and wellington
tainly never mere extrayagant? =
"CcuId su'.h a state Of things 90 on for.
ever' Must not set,ing-duy come some
time---auf the more serious the longer il
is deferred l. it MT about time that
We had stopped our wild dance (shall we
LAY of death }, sent home the pipers and
the jewellers and the confectioaers, turned
aside from the gambling counters, COM
mcnced the settlement of the heavy claims
of the war, aud resolved to live more So
berly,- wisely and economically for the fu
ture: ...-.r.,.,
We had just finished the above,
and handed it to the compositurs, when
the resignation 'of Mr.. Chase was annonn.
ced by the telegraph. We need scarcely
say that we deeply regret this resignation.
We are mortified that such essentially lit.
tie matters as the Blair dispute, and the
appointments in New York, sbould at such
an anxious and momentous period as this,
be allowed to cause difficulty between
such high officials as the President and
Mr.. Chase
OF course the position of Secretary Of
the Treasury, at present, is no sinecure
We can easily conceive that Mr.. Chase
should not desire to retain it. If the war
is not soon concluded, the financial diff
culties now booming before US, may we'll
appal the wisest head and stoutest heart.
The appointment of Mr., Tod gave no
satisfaction to the country; but that of
Senator Fessenden promises much better.
Fesseuden is generally recognized as man
of solid ability, and enc who has given
much reflection TO financial subjects.
Whoever may BE- Secretary of the Treas
ury-one thing must be Ike steadily in
view: The further depreciation of the
! United States currency must not only be
arrested, but that currency must be
brought within bailing distance, at least,
of gold. To do this, if necessary, green
backs must be withdrawn from circulation
to the amount of two hundred millions
If the necessary taxation is provided for,
loans can be made to sufficient extent to
accomplish this, and yet carry on the war
for two or three years longer. This year,
if we are not mistaken, is tie extent of
the rebel tether- that is, if they win no
great victory, Two or three years more
is probably the extent of our teLher, short
of such chaotic state If things as now
prevails in the South. But if we would
continue TO have the benefits of a paper
currency at all-and not be compelled to
come down to simple gold and silver--we
must prevent the continual depreciation
of that currency. We must submit to a
certain degree Of stringency in the money
market now, in order to avoid az infinite
ly greater striuseucy which is rapidly
bearing down upon Us.