Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1864-05-24
Depreciating the Currency.

DePreclatlng the CURRENCY.
The following sensible remarks are from
the New York correspondent Of the Boston
Courier:
The New York Times has made tis dis
eoVery that the "copper" heads" have caiised
the depreciation Of the currency. This l.
OnlS an addition to their long catalogue Of
we shall ne 1t hear that the Fort Pillow
i s:a: and the disaster, TO Banks exne.
oihon are TO be attributed to them AZ 49,
are to De blamed for everything foe, ~
lightning. II 10 now supposed tbsT a.
serpent that tempted Eve was a coor"
head, and that Adam was BIscR D.
publican. W.
There lie no journal Of this city, not evan !.
excepting the Tribune, that is 90 uncrupu-
lous in Its assertions, or 90 vain-elorious
10 itsown ignorance as the Times. fts
editor was kind Of camp follower Of the
French army at the battle of Solferino.
and the military knowledge there aconired
has set him up like the Tailor in Cooper,s
Red Rover, who has served through i've
bloody and cruel waFs.s
The military sagacity Of The Times has
met with the ridicule that will fall upop
its notions vented to-day regarding Copper
heads and gold.
Some times you hear man say. Gold
is too high. 1t should not command over
80 per cent Others can estimate its true
value at 30 per csnt. and some say that %
per cent. is about right.
Ii these speculative philosophers would
go down amorg the speculative brokers in
William Street, they will learn that gold
is worth what it will bring in greeabacks
and green5acks will be worth what thew
will bring when the war is over.
In short, that gold is always money and
that greenbacks may or ma Y not be MONEY
bye and bye.
1t will be found that though certain in
cidental matters may have a slight infIu.
ence upon the relative value of the metel
and the paper, the standard of differences
is the amount of faith which 'Copperbeads'
and Abolitionists and the whole communi.
ty have that the shinplaster currency will
be redeemed. That amount of faith IL 10
day II per cent. minus. For it lie certain
that the greenbscks is either worth in.
trlnslcally its face in gold, or else IL IL
worth quite nothing at ell. Brokers mas
hgure over the fate as much Go thew please
but the al mics of the North and South
win fually settle the vexed question.
what is q greenback worth p
Now to assert that 'Copperheads' would
like to see greenbacks worthless is to saw
that they are either fools or paubers.
Are not greenbacks as dear to rs ys
Abolitionists, as yours ore to you. Would
not We like to get as much meat and bread
and other needful articles with them as we
could with gold
That we have robbed Uncle Samuel as
you have done is true, and therefore we
have not so many Of his greenbacks, but
what we have are very precious to Us in
deed, and nothing could be further from
our wishes than to see them become
mere waste paper.
II is precisely because We Do not wish TO
see the Government destroyed and all its
obligations become nugarory, that we are
opposing your suicidal course. Looking
both with patriotism and with desire 10
turn what few greenbacks We have into
gold at some future day, We are striving to
divert the war from q course which if per.
severed in much longer, will lead to uni.
versai ruin and bankruptcy, both North
and South,
Nov then, be candid, If candor is within
the province of Abolitionisu, and say who
are those who are deprociating the cur
rencyf