Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-04-22

probably be more immediate, though perhaps Of
net zach permanent importance ask Tor both |
candid consideration and il approved, the favor
able action of Congress, 1t must not be thought,
however, that regard either orboth Of these mess
ures IS adequate remedies for financial disorder
Nothing short oftaxatlon to one-half OF the c.l,-
rantexpenditures to the lowest point compatible
with etniencT, will insure financial success 70 the
Government, and without military success all meas
ures viii fail.
Very respectfully yours $. Z CHASE
/ It is thought that this measure viii pass the
Senate and be at once urged through the House.
That the proposed legislation will bring down the
price of the precious commodity, is argued from
the fact that the gold gamblers against whom il is
aimed have had much to do with the putting up
/ to the present high figure And here we could
not introduceany remarks more aprop0r than the
following from New York paper of Friday
They should open the eyes of some good people
who have thought the world was coming to an end
just because gold has 30 recently been up among
the eighties
ssGold is publicly stated to have gone up yester-
: day to lS9 but the people ought to understand
very clearly that this statement il not true The
prize of gold 10 l65, rs government Is selling it at
that ANY quotation Of gold above that point If
fictitious and not IN any sense real. But Low does
it happen that these statements OF the high price
Z Of gold are made An answer to this questiop
shows that the newspapers must Necessarily ega
niYe at the deception. They mrat give the epes- (
atlons IN gold on the street. &c whatever I. ..sse
/ though the operations are tlctions. Ey@s ~
tion II gold inwhch the ostensibe pre- = " envy
{ four cents higher thar gold can be ~ - vi
vlousy has nof the purchase or y 80 = ''A1
such operafionesre of exactly n sane mature as
+hs bats et,roe er tha tkmberigger and his
accop. Mi 70 TO inreigle the6 Vnes "i9 stahu
~ dI ~, he onerqaons in which gold goes
- o,srafops bctgeen gold gamblers TO catch
.nird parties and s'lsa m, operations are made 20
.s e1er ever sem by either party All thiswoud
n ~ ~ .ol,,naratsely small harm if il stayed in Wall
strast BIT the news goes abroad that gold has
Q gone up 70 these high figures and the retail deal
IN the necessares OF life even if he knows such
rigs to be unreal makes it the pretext for adding
Ave or ten per cent to the price of the articles he
deals In, and thus the people are cheated. Their
only remedy Is to know the truth, and not be impo
SEQ upon with such Il reason for a rise in prlces.
Ia this connection we also introduce the follow
ing opinions Of the Cincinnati Gazette on the bill
Of Dir Stevens, published in our columns on Sat
urday. Assuming that the bin viii pass, it says
''Ifso it win contract the currency within year
over 5000, 100000 This would do more to break
down the price Of gold and check imitation Of pri-
ees than all the re solutions intendedmerel to bear
the market, that ongress could passin Six months
The Eastern banks, and particularly those ofPenn
sylvania and new Jersey. have been issuing their
notes at fearful -atc, and Che country wherever
they are permitte5 to circulate is fairly flooded
with them. The I'll referred to strikes at the root
of the evil. But Congress should not stop here
There IS also anecessity for law suspending the
authority Of national banks TO issue notes Let
the latter be enacted in connection with the meas
ure introduced by Mr. Stevens. and the evil result
ing from superabundance Of currency win disap-
pear.