Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-03-26
sDsbt and E1,rnvaeano,,.

II Oebt and dExtERY0Ranoe,-
!, Ths.rsbsls ~aich lheJriss II Tic price Of
gold AZ the North With ds much apparen,
interest asiths preeress.of our armies.
Every successive depreciation Of United
States paPsS they look d - 8s increasing
tho ehsuces OF Southern independence
And they Ars right. NotdOug ago rebel
wrote hOms 10 Richmond. from New York
describing the astonishing public and sprt.
yAte prodigalisy prevailing there, and ex-
nlttng in itas an Indication that the
North must soon exhaust iits means and
become bankrupt, in which case ho fel,
sure We should ''let the South alone AZ
be did not believe We care enough abou,
preserving the Union to suffer for 1t aDy
length oftime. Its lawful TO be instruct
ed by the enemy, and although the rebels
have shown little skill in the management
oftheir own finances. 1t is quite possible
they may comprehend the DRIFT Of things
among Us better than We do.
tits evident that the initiation of the cur
rency has made US reckless in our sxpen.
ditures, and that great perils are Involved
in this reeklessness. How lavishly the
general government pou1s out its money.
Appropriations of hundreds OF thousands
Of dollars are of SO little account in these
days that Congress does nov trouble itself
to ask questions about them, but pushes
them through at sight, and indeed the
millions are not thought worthy Of much
deltberation. What's the diffetence4 With
debt already touching thodsGdi ds .of mil n
lions. of what account are a few millions
more or lesSs Is not the money "rAissau
very easily by a vote ofCopgress, and pa
per aud ink are not so scarce but we may.
msnutHcture all the money we want; pass
them along, and keep the gresnbsck print.
ers busy. And the national debt Is but
one large item of the burden we are roll.
ing mp, to be paid, or repudistsd by pos.
'erity. The States add millions to their
debts with the greatest freedom, aud coun-
ties, cities aud towns follow the easy ex-
ample. These mountains of debt. Pelion
upon ossa, rest upon single bAse-,hs
bAekssof The people Tie .intsfest must
como out Of their hktd eArniuEs, and the
principal must be paid from the same
source. There is but one affirmative.
general tepudiatlOn, and that involves dis !.
grace and ruin to rich and poor alike, and
national disintegration and im6ecility
from which century would not recover
n8. .s.t i fy,gl fft.t.,Cg r-e,,afEEa lyf2fa =
Not only doss this recklessu ess of ex.
psuditurs prevail du all sod9 EoSeFuhle enitss,. enitss
the people have caught the infection, and
those who have money make haste 10
spend. Never was so much squandered in
luxury before, and the old fashioned vir.
tue ofeconomyis practiced ouly upon com.
pulstOn. There is no need to go into de.
tails in illnstratioh Of this fact. Eyerv
man with his eyes open sees it.
We cannot go on in Ibis way. Tho Low.
81 people are FillIpg 10 do nnd suffer all,
that men can, to save the Union, but they
know there is a atetribIS pdsaibiItty that
national bankruptcy may fan upon t iI Is, and.
all our labor aad sacrifices be Lost. Do
our rulers see thisRi Do they ahlerstand
With what fesffdlrap ptdity.th sSTSaiIs of oori
present and future, industry, are being
swept aWay2 It they do then en- they. know
thAt'this rscklessness of expenditure must
be checked, or allis lost. The grestsns1.
csssity at this moment is ecouomyGin the.
Expenditures OF the Eensral government,
Of state and local geverhnsnts, aud Of
eitisenS. Men who are gro wing rich cut of
the,War, or By other means, have no right
to send that wealth abroad 10 purchase
Injuries. They, should invest It in produc..
tive snserprisssr from which labor may
make new wealth, and 30 aid In tightening
the general burden. Useless expenditure
and misery boarding are alike hostils g 70 10
the general welfare AZ such time as this.
Every dollar should be made 70 tspsSa1ce
itself IN material values Of some sort. and
In the qdiekes. possible time. In no other
way can We meet thss vast saad dhtly in
eFeestpE dEafs upon the FssoatessS 81 tths
coanny. ssssi l.sisf fs5 R-.ii s.
+ Congress lavfshes one daItoE Its brief
week upon enps9mbe speeches; IL it would
devote as much time 70 The ahoasSs eSn.
sidsratiea Of ways aad means Tor aSSrtibg
general. taaleial ruin, the coustSy Wodti
have more hope T6Is niGttSEESfa soon
press upon US In shaps nos forbid further
sypsieas + vii I AAsasAlly lbseouspIoni.
faspt In onF national poliics, and if there
were = .Pesty, nsESpr old. that epaIdisq.s.
lntss % the sopptEy saahouossasud eco.