The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-07-23

ths result 81 fAe senefural laws Of trade''
we hear % much about; nor does It repre-
sent the public estimation of the currencv.
II u limply the result Of. 4 cohapiracy. 81
which knot Of heartless Jewe In tie e.
bel interest have lived the sixty Or seventy
millions Of maSketable rpin, that they may
excite The psoPis by :.arystion "a Rrics., and
cover their designa. they have defhmed the
Treasury, and charged upon IL Minister
what was the resplt of their Own criminal
device. Congrea1 alarmed by the I'M
looked-f1r xiss u gold, ignorAnflv attribu-
ted the imitation e the Asrce upward bet
ting Of tho 9teck Exchange. They did not
reflect, that this stimulation, was exactly
balanced hy the equal efEort of those who
accented the converse Of the proposition.
and who labored with Ike Interest 70 heat
gold down; nOr. .seo that these surface fiiea
had nothing q 0o with the impulsion of
| the wheel. Their legislation, therefore.
was a1ugubrious failure; and the forestal-
lers at the hub were enabled, through their
orators and journals, to make another out
cry against tho incapacity Of Government,
and to accuse the Act against gambling in
time-sales a. ian Interference with the nat
u1al laws Of tSado.sr Doubtless, the sud.
den stoppage of Quotations favored the
schemes Of those who had htyed the treas
ure; but gold would have risen all the
same Without the Treasury bill; and it was
that they had acquired its control and were
prepared 70 "put It up,n Just a the bill
against time-sales happoned 10 he passed.
He who has engaged 70 deliver an article
on given day must II he has none, buy
Of thoee who have Il; and tf these who
have Il hold ~, the buyer. instead Of =
pqssds;:r ssas !: ihs s.sen;: ,icT dcia
bean aftfnlly Withdrawn ffom s. natural
Laws Of trade;" and unless some remedy be
devised q check the designs Of The pelari.
Qua oonapiratogo Who manage e, & may be
"put mp" to 400; and while the Government
10 sunk In debt through eoormouS purcha-
49,, the poot mans pound q meat will cost
70 ous-thirdl it, former stsss aed tea and
ce9ce win b known 70 him only through
Thsse beiag ~ iAces, The Question prs-
sents itself how long the public will endure
this juoR1iQ9 With - nliaeEies, and how
lo1g the 0overnme0t win suffer such Q con-
spiracy against it, INTEREST. 4 = manifest
nary legislation. PAlliatives and surface
remedies have been tried without effect, 70
We must resort 70 the scalpel and extirpate
the cause. We do not mean by this That
W should haog the forsstallers (which the
exasperated people will b apt to do them-
selves should gold b s'put'' much higher
bat 70 annihilato gold itself, 90 far - Il IL :
cy to healthily assume it, place. The only
real use We have for geld, ct present, II for
|lmportations and for duties; let ~, then.
reform our foreign policy, and paso Q Nom
Intercourse Act against all foreign powers
who are not ready to allow N TO revive our
commerce BY the withdrawal from the reb-
els Of belligerent rights. II those powers
nd A. 4n~rA >~o1fs ~&-1~
our commerce through such injustice, let
ID at least make an Offset 70 the outrage,
and save ourselves the vital drain which
the one-otded magnetism u virtually In
flicting. IA the case stands now, We pre-
sent the strange spectacle Of . strong man
opening his veins 70 see how long he can
live without blood. Nearly all Of our gold
goes abroad for useless luxury, and the re-
mainder 10 required at home to meet the
duties on articles which we had better ell
ther produce for ourselves or do without.
1t Ia through the demand thus created that
gold 10 forced up and prices trebled on eve
~ necessary Of life It 10 supposed to repre-
sent.
When this latter evil shall have exceeded
the limits Of forbearance, the time will have
come for the remedy to be. applied. II,
therefore, we are not to be allowed to re-
sumo our commerce, which of itself would
invigorate our finances and restore our
credit, we should close our ports, double
our taxes, and make our currency the sole
medium Of purchase. Prices would then
become uniform, and gold being Of no ac-
without . market price. The gold required
to meet the interest on the public debt
might then be easily obtained. The sup
ply from California, Ia case Of an act Of
non-exportation, would be largely in ex-
oess, Or It could be procured by loan
from Russia or other friendly Powers
with gold. Give Il q preference,
in any shape, over the Government cur
rency, and you ct once exaggerate its val
ne and all the laws, and all the Chases and
Feesen1eus in tho Universe cannot prevent
that inequality from disturbing prices. So
long ~ 1t has special use among us, 1t
Will be preferred to the currency, because
Of that use. tn rate will consequently be
advanced. and . similar advance will be
levied upon all actual values, and all the
neoessafies Of the People. The true reme-
az. therefore. II, the resumption OF our
onrnmeroe On the ocean and the subsequent
pavmont ofduties with the currency alone;
Or. fhiling that, an immediate mon-1nter-
courso act, II tho homeless Rebel corsairs
should b sustained against us. or the two
profer tho latter. Il IL the most thorough
and most manly and It 10 also the most
rapid way to recover our prosperity and
self-respect. as
Il viii be objected that France and Eng
land might, II retaliation Tor non inter-
course, recognize the Confederacy and raise
the blockade. Il Il not unlikely that they
would but does any one believe, IN the
the face Of the varied experiences OF thls
war, that the Rebels would bs benefited
by such a course1 Their ports have lal-
ready been sufficiently open to enable them
to obtain all the material of war they want,
and they have put moro cruisers on the sea
than we have had commerco to feed their
fapacity. The only effects, therefore, that
would follow the raising OF the blockade,
would be to debauch the rebels with an on:
|ervating luxury, and deprive them OF that
vigorous simplicity which has made every
man soldier. We havehad our ports open
and 10 the vital drain, the false prosperity
and softened virtue Of the North! Does