Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-05-25
High Price of Gold and the Remedy.

Ever since God said, LET there be light, and
there was light cause and effect have existed
together and always will Every cause will pro-
duce an effect equal TO its power and design, and
every effect produced by some cause adequate to
H. When we discover an evil. we need only to
search out the cause, and remove it, or introduce
another cause that shall be able to counterfeit and
destroy it.
slavery was the cause of the present civil war
which exists amonst us When we shall have
destroyed slavery and when the American people
shall have suffered just retributiou for the wrong
they have done the African, and suffered as much
pecuniarily as the robbery that slavery has prac-
iced upon the slave. we shall have peace reSto
red The Angel of Justice has taken this matter
in hand. and what we as a people have sown,
that shall we also rap" A full retribution must
be inflicted npon guilty America before the Angel
Of Justice will sheath her sword. the effect must
he equal to the cause, the punishment must be
equal TO the crime.
But want TO say few words about gold and
about currency The Constitution provides that
Congress shall establish aud regulate the curren-
cy of the United States. In former days Con
gress did. by its acts make gold and silver the
constitutional currency Of the country. by more
recent acts Congress has made and established
greeubacks and other governmental issues a con
StiJutiona currency, so that so far rs law is con
crrned, greenbacks are as good rs gold. They
are legal tender and gold is no more Govern
legal tender, receivable for all dues within the
jurisdiction of the Government.
Ii coin becomes worth more than legal tender
notes IL will come OF some cause outside and be-
yUnd the power of Congress to legislate direct
"; it is only by indirection that it can be eff.
fycted
Suppose gold to-day, legal tender brings
81 80 in bills that also \ legal tender. now
what is the cause of this difference in the value of
legal tender currency.
The original, primary cause was slavery, civil
war. The more immediate canses are the enor'
nous importationS Of goods from countries where
we must pay in coin.
Greenhacks serve all the purposes of trade
within the United States and her Jurisdiction. We
have no occasion for gold, except for purposes of
rrmiItances for goods purchased abroad. It's
true that sharpers, spectators and brokers play
upon the public mind and business and affect the
trading value of coin somewhat. but this is tri
fling, and would amount TO nothing. but for the
great demand created for payment Of impor;a
lions of goods
The demand for gold to pay for luxuries, for
foreign merchandise, is largely the real and irnme
diate cause OF the enormous price of gold TO day
Teas wines. silks, perfumeries, laces ETC.. every
article which we can do without, not one ofwhich
Is necessary for life or comfOrt-this makes the
demand for gold.
Government lays tariff on these articles, tits
true, and derives some revenue from the impor-
one dollar out Of i've, that is, we buy IS worth of
silks or perfumeries and pay government 81, the
four dollars go abroad and the one goes to the
treasury of the United States. The whole has TO
be paid in gold. The government had thousand
times better dispense with the one dollar, than to
have the other four gold dollars go TO France for
articles that do Us no good
The remedy now lies with the people through
their representatives in Congress, or themselves
Individually.
Congress may adopt SO high tariff upon lux.
urious goods imported into the country TO
amount to a prohibition. This should be DONE
If Congress neglects to do it then the people
should refuse 20 buy the goods. Importers will
bring the goods here as long as our merchants
will buy thdm. and our merchants will buy them
as long as gentlemen and ladies will buy of them,
and pay gold profit.
If people will but stop buying such goods, the
evil is cured. effectualy cured at once. 1t would
seem that their was patriotism enough in the peo-
pie 20 dispense with these luxuries, least while
the war lasts that is thus drawing our financial
life's substance from us and sending il into dis
tant and in some respects unfriendly countries.
Here is cause and effeet-the cause is exor.
birant irnportations of the Injuries Of life;
the effect is that Ills drawing coin all out of
the country, has created such demand
as 20 make five dollars in gold worth nine
dollars in greenbacks. This is the effect, and
his the evil What will cure il Let Govern.
ment prohibit importation by enormous tariff or
tax upon ii, or let every man and woman that
loves their country refuse 10 buy an article of
show or luxury that is imported from any foreign
country-one Of the two must be done or We will
see deeper trouble yet.-CoT. Chicago Tribune.