Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1864-06-03
The Goid Crisis.

Ehe G0tO Nrlhls'
The thoughtful public opinion has Of lptf
been turning rapidly and decidedly against
Nr Chase aud his whole system Of hnHuct,
with rs fraud folly aud decentralization, ard
ineyita BILE rum. The community have come
10 underataud the alternative which his sys-
TEN presents, and are convinced there ls NO"
no course before him but continued Imitation
or cessation Of expenditure. The latter
means 10 end Ihe war a. once, the former to
sink 1t IN chaos OF anarchy, bloodshed Htd
ruin Every pc son that has stake ~ the
community, feels thst his hold on properly d
daliy becoming weaker, that bis wealth u
slipping from his grasp; that the Hood Mf
Chase has put in motion, IS moving all land
marks from their base, and everything hla'S
upon a torrent, which with accelerated cur
rent near y fatal abyss How can p'"ee
this paper money so that It Will sur've tht
! general ruin is the universal cry OF all lhos'
Who have any means Al uncer AIN re'ponS
| nnly increases the alarm If we turn to San
! Francisco, Government money is xty cents
nor dollar lf we turn TO New Orleass, gold
| u two hundred cents per dollar IN New
! York II ia one hundred and niuety'hve. While
,he failure of the crops, the scarcity Of cattle.
,be devastation Of fields. the absorption Of
Labor in the bloody battle fields at the rate OF
ak thousand men per mile Of movement
llFavinr crowds Of helpless families to share
the shrunk loaf that the new harvests may
| furnish. all impress the holder OF property
with alarm that becomes dismsy when he 70,
members that one million men dischNrRed
from the army will return TO desolste homes,
in the midsi Of famine, whore labor Is value
| ess and wage, impossible These meniA~aken'
I'd from their deluson will recognize the Tact
thai their country has been ruined, their IN
dulry broken up, and their families Sacrihceo
shrouph the crimes Of atew leading poi'tlclant
gho can be- enumerated, and who were sup
uorted in their crimes By the Treasury roboer'
aud selfsh capi,aliss who roared with sense
sss clanor 10 support the government while
T. the Administration was ,ramphng the Con
, stiiunon, which Is the only government II
blood In that hour, the assertion OF Ih'
r ibune, in 1861, that - peaceful soutiol
> would no, leave q sheet OF paper between tn
: Republican party and bel, will be remeu
bered
. This growing terror has made itself ie
lapparen,y even in The callous circle ct th
h, Administration, md Mr. Chase seems 70 hav
been seized with the despairing rcmorse
c Macbeth, when
- sat pped in blood 50 far,
Tn to return were tedlous a' 20 e''
" This five per cent loan depended on u
II continued increase of paper, He dare not pc
IS si.t in his Increase of paper aud his live pc
cent loan is failure, while expenses pre-
y upon him in fearful magnitude The dai
ot nlsebond is entitled through the puny orgal
prompted by The First National Bank 1T
Inaua sell. but no one puts faith 10 The cr
y To dav il is announced that Mr.. Chase W
h issue SIS OoO, QUO stock Of '9t As there is
"a authority Tor any such stock, the announc
ment means simply TO disguise a return to $
per cent interest, thus contsssng his blund
I'd and his crime Itis, however, too late
The golden moment has passed. The Sect
'h ,ary, BY admi ting his financiSl defeat. on
at hastens t, C hour Of bis dsgrace. With ~
thousand millions Of outsfRnding paper, ~
liabilities for az lsast as much more, the So
tary is compelled 10 bid six per cent 10 60
Four thousand millions Of debt at six per ee
#. in gold; two hundred and forty millions
annual interest Cor ever in gold for rum
ne osuple 10 pay tyo hundred dollars per amt
G. tax in gold Tor every Northern family TO eee
=. and 10 pay; vhile every Southern family is
" be cSterminated Does anv one believe
is will be paid 2-ksp York Neps.