The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-04-08
Aifhlmonn qispatfh,
feace Coming Through Bankruptcy
"A Blast from ssSuppressed''

f'eacc coming Through Bankruptcy
| "A Blast from Il ssSuppressed'
Press.
i"e suppression By Gen. Rosecrans OF the cir
euia'son of tsac New York Ms.rop stas lseeard Ii
I. hss Department has been faiinre. as far as sub
daiag the spirit of that Journal is concerned. Th
| iast number contains a scaliiing review OF truth
iu' exposition Of the financial condition Of hi
| United States. The last hope Of keeping gai,
down In that coun,ry, was the passage of chase
| gold bill. 1t was done, but to day gold ia New
| York is quoted within two ceais Of the figure a
which 1t stood the day the bill was passed. Th'
| article from ,ha Record, which We give below, &
| an able one, and will We'll repay perasal:
Are there any sign OF peace? are there sign.
OF humanity and reason breaking through ihe biacl
clouds that hang oter our county,! Yes, there are
signs of peace, hut rot humanity ana reason. Tho
authors and managers OF The war were lost To those
| virtues icng before the war began. Peace, whe.
| il comes, viii cos,e ia spite of them. They viii
fight against II, plot against il, aad abandon the
| field Of blood only when forced by -iaeXorab,e ne
essiiy As long as II .s possible for ths war TO last
The party in power Will holi 10 il, from motives al
| ten pyraty seisGs.eBca, well a. nf avarce aud
| revenge The day of peace ~-nss~ she theatre oi
! iher ,aaee aid pundsr Peace IL TO them wha.
war Is to the coGntTy--Tuu; what the day of judr
ment Is to The sinners final settlement of .hJ
] ai,aie course of crime. Like The cornesca high
| way:aau, they Will give up only through eyhaus
| tion. That poin. cannot be Tar of They cann";
| get much further without an amount of money
| IL viii be impossible To raise by the system oi
fraud and deception, which appears TO be the only
| taeaas compreheDded by the administration. IA
the sums required for the prolonged prosecution
of the war, real money does not exist within the
reach OF The United States and printed or c0un
,er.eit money is rapidly approaching crisis where
1t m,s burs, like bubble, ieaviDg nolhin. but its
own iro.h behind it.. Already the willy Secretary
.rat, III, rnr IL. enf
worn aut. II is easy enough 10 strike of. 4 hun
| d:cd thousand millions of printed money; but ,,e
en,2ngsed Secretary begins at last 70 comprehend
that the faster he prints, the swiiteS is hu.rieS On
the inevitable ho,.T when sh.pdoad of these pro
| misses to pay will not be worth the price o: single
saidier'S uniform.
He begins TO understand that his paper baro"n
Is in danger Of cuia2Sng al 3l.y moment. 10 day
he deb, T. beyond tle reach O.; the real money.
Even the New Yo.k Tribune, OF 81 late issac was
forced 10 confess that the people begin 10 fear
that r.1adiatcn Is oaiy question q tine, The New
York Times, moved ty a split OF intelligence ana
ca,idnT quite uaacoount3he, WaFeed the Admin
Istraion that i; must not hope 10 mortgage ,ha
property of the people 80 The Government ioidl
f2lzI fepttaios: Gf the 9a"lsieg. Even those b.in!
organs can see that the popular confidence begn-;
10 tatter. Ii s.aggers. IL mast feii, unless tha
swelling tide OF debi Is immediately checked. Ii,
with ali the Unlimited resources which the banks,
the capital s;s, and the pcOpiG so bii2ciy commit
ted TO the use o: The admin .racn it is >ti.i una
bic to meet its obligations, what w:li be Its fat
when these props give way-as they are snre TO do,
| either from exhaustion or lack OF confidence In
competency and dishonesty III the management 81.
public funus have run the ship of Stale almost
ashore. An army OF p'undefers has assai!c1! the
treasury ten times more To be dreaded than al! fhc
armed hosts Of secession The wives aud daUg,i-
te.s OF Government officials and contractors are
bGspangied w;th diamonds, while the wives and
daughters of our soldiers are freezing CT starving
in uHpiiied. il "heIpless neglect IL is said that
defaca,ions aud ihe:s o. Republican officials
amount to over Thousand million annually
While this Is going On, ;he Secratary ui the
Treasury. poor wretch, sits there, plunged IN 20
his chin IN ot treasury warrants. Which
ever way he turns is DeuDG.cs, prairie OF unpaid
demands. To all he says, In the language o. the
poor in the Testament, S'sPer End -. have
/ none" The claiter of the printing presses re-
minds him that every hour he will have less Like
nan in Haeis;ropi, he finds himself swept hy
the dpvouring cddes until he is heyond the reach
Of bc:p or the hope Of mercy. 8e Struggles He
cries Tor help. He throws up his hands III agony !,
In vain Nothing save hrn from the mighty
gulf OF waters. Under the direction OF sIci cap
iains Lirco'n ard Chase, the ship Of State is
whirics round In the outer current ~ financial
sia.isiruHi. Nothing can save il. You may cry
F1traitot'' at every man who tells the truth ahert
the nst,cr bu; sueh CUES will not check the speed
at which the Administration drives on info bank.
Inptcy. i4e: it drive On, since its dr!n,ied sup
pur;ass will nat ce satisfied uni the Cya, comes
Ana whea il comes tie war must end ana diSas-
trousiy, dsgracefu!y, TO those who have conducted
it; hul happily to Inc nati0a, since we can have
peace on no isrsH.GT ~ IL Is CERTAIN iii
there can be no s.ep taken to save reconstruct
the Union until there is sn end Of fighting,
the people viii welcome any ordeal, how
ever severe, that brings about The benefieent
result. Reckless and shallow men will rave
at the mention OF the word reputation. Bun their
profanity does no; mend the hlatterioes noi close
the oar OF even iheif stoiid intellect against the
conviction iha. 1t is inevitable Tie sun is 1 sim
pie one. The interest the present debt Ia
81 ,s00,t 03cU3 fourteen hundred millions Of dollar,
every ten years. Tie annual export cf agricultural
productions of The NORTH, ior The ten years ending
IN 1863, amounted Ia only s63, ,el7 $40 Hereafter
the surplus wealth Of the North will fall. Tor great
many years, tar below The atove figures, because
d million of men WHO have been producers OF
wealth, have been drawn off into The army, where
lhey have not CGiy ceased to be producers, but
have become non producing consumers, and de
strGyers OF wealth already accumulated. IT all the
surplus productions cf Ike North and west ar.
hereafter given up 10 the Government, they will
pay only fraction of the bare interest on the war
daUt. That Is, If all tho furaers producers ani
iaborers give up 10 the"2ovcInment every dollar Of
their earnings, except what barely supports life,
they can only succeed hi paying fraction OF The
Interest on the Republican debt. What must be-
come of the principA where the payment Of tna
interest Is beyond ;he possible reach OF the people ?
Is there any escape, except through The door by
which our continental debt rolled 3f from ,.s.
shoulders of the people
Reputation, therefore, is not question OF ,ic,:,
or wrong, but OF necessity. All must agree TIA;
rapIaiati0B Is a very bad thing hnt this cr,nr,i
condemnation does not reiov il. inevi,ah,,tty
Death Is al unwsaOma visitor TO all Ls: a,t ,;!;st
nevertheless submit, 20 Il. The wretch who siitud
advise men, in their lives, tu ignore the fac. that
they must die, has mate In The fool vino wouS
p,evea, nle: from discussing this question, 50 vital
10 nations life.
Moran in his, in mos; respects, excellent wei,
Oh money, says: Government paper money can
not esstuily, for any length O.. time perform
the functions Of meney, because /, Is Invariably
issued a. financial resource III moments Of esner-
gency, generally when war is rutiiess!y destroying
both HE 6nd property. Government paper money, ,
instead or representing existing results of labor,
ready 10 redeem The paper money ON demand OF the
holders, only represents property and lives already
consumed or destroyed, and labor uap.o6uctively
employed. How can suoa paper issues long per
form the functions OF money, wien metallic money
perform .i.-,a unless constantly redeemed
with e-eai results of iahor and with useful ser
vices? money adnnot be redeemed with useu,
results ~ labor unless these have been produced,
ecoao;iKed, and lfuS exist for those who desire
them im exchange for money"
Our own continental honey, based upon the
credit Of Tie Government OF the United States, is
4 luminous example of the fate Of such money
We have only TO east our eyes backwards eighty
years To get vision OF the paaA we are travelling
now. Gs tho ContinSntai Congress Increased Its
paper issues the price Of everything went up. or
more properly speaking, the value OF the Govern
ment paper went down. At first tbs fesuit was
o0lishy chsig iged to specuiatofs IN silver and gold,
just as similar foolish people charge new Al; such
wore denounced as enemies Of their country. In
such cases the stores OF merchants were Grektt
open, aud their goods sold at limited prices by com
miltees appointed blythe pcObie As early rs kf'b
Congress resolved lnat "whosver should refuse to
receive In payment continental bills should be dc
clared an enemy Of his country.n That Is, all who
die not succeed in making the governments ihefs
promise 10 pay equal tn gold and silver, were I"
be ouaawcd. The penalties inflicted, at different
times, to keep up the credit OF Government paper
were most disgraceful 10 al, concerned IN them -
running many thousands Of innocent people, whlte
a IIss.tr - ltaff