The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-04-23

es9xXQW AND &NeN Ns~us " '~s
usnhsss Lsskans ssAs aasuaasa" IN Ne Face
rAe Yaakse Secretary Of the Treasury
IL Yankee Coaxress. and the Wall street
eAnhaas, Are beginning 70 look the condi-
lien q Yankee 0ovsrumeat credit and YAM
~ prospeces little more fully 10 the face.
III. OAaoe Wtltss 70 Senator Fseseuden,
OAalrnsn q The 1inAnee Committee, send
Inc hin bin to check speculation 10 gold
He ~ previously sent him one to check
the issaas Of state banks-to the two causes
~ having attributed the depreciation o.
Hedeeal gresubackA But while commu9i-
ealing these bllh he expresses no great COZ"
AAsncs b their eeRcaey. He would DO g'aa
- inffinge the rights Of the states oy smut
ting up their banks. and he would DC more
paeasea 10 stop speculation In gold; ou! nc
plAinly coatesses he despairs OF seeing TINS
dome By lsgislatlon In short, he sees no
hope Cor 's6naaclal saccoss to the dSvern'
ment." but s.tAxasion to ono half tho amount
Of. IL ssurreat expenditures, and reduc'
tioa az those expenditures to the lowest
point compatible With efficiency" And
evsn this hs further confesses will not suf-
Ace without victories In the feld. "Wish-
on ssiliiovy asoces al msdssyes seiu Jal,"
sAys 6scrstazy Chase. Tue confession is
highly slgni1cAnt Not that 1t announces
aaything more than simple truth, apparent
bat thst Il shoald b officially confessed by a
high oGlca Of Government In q communica.
0oat 10 Congress, argues condition of things
akln 70 desperation Like Richard, the
Yankee tyranny has reached the point where
Al h stakod upon the hazard of the die
about to b thrown.
Tho opinion OF the Secretary was echoed
In the Senate Mr.. Sherman said 1.-THE
true remedy for our evils. % all know, il the
success at our armies." Mr.. Chandler
thought victories Of the Yankee armies
would make tho spectators suffer-" and
M. johnson (Reverdy) thought, with a
vigorous and successful war;" the people
would allow the debt to be trebled. OF
course they would. But Is everything, it
u conceded, depends on military success,
what becomes Of Yankeedom if that fails
themS
Last week there was . vibration of Is
cents In the value Of gold-from III to 1879.
i reached the latter, fell back to the former
aud rese again to 17S. Mr.. Chase hurried to
New York when It rose 80 rapidly. His
presence stopped operations. Dealers want.
ed to know Whist he was after, and would
not buy or sell; hence sales were very limit
ed and ct decline. The New York He aid,
no doubt, expresses the sentiments and fears
Of the money changers In its notice OF the
excitement Of the week on the subj Get, and
also Mr.. Chase's presence In New York
che Harold does not intimate that Mr.. Chase
Il anything to help the Government credit.
:, concludes Its article by an appeal to the
,Ebic 10 be quiet and calm, yet plainly in
mates In this that o "crash" must come;
at they are like passengers ia vehicle
hose team IL running away, or In boat
,oing down Niagara, and that they must
aold their breath and await the "crash." 1t
says:
"T%e u@e for the great closing crisis has no. yet
uyived, and until Il does It bshoOves TO be
'aim a. p0ssibie, and prepare our nerves for the
rash that these small events merely foreshadow -
Thurlow Weed sees the ''crash," too. He
senonstrAtes against taxation by New York;
.aIs that her present debt is half as much
IS the whole debt of the Federal Govern
IL snt ct the close of the Revolution, and
taAt, added to her part Of the present debt
q the Federal Government, it would amount
IL 81 600 O10, 000-two-thirds Of the aggre-
s:ate value Of the entire property of the
people Of the State He asserts that the
present debt Of the FEDERAL Government is
100000 ,O000, and that pay day must come,
when they "wiu see valses perisaing and for
tsssS esaporating." Can the Yankees stand
thk?
There b no hope but in victory over the
South-all see, all confess this. Bat what
do they want victory for. To sustain the
Government credit, to secure their COM
merce and preserve their overgrown private
foffunes. In contrast with these sordid
motives. what are those which impel US to
fight to the last, and sternly determine upon
the alternative Of ,tcaory or deathS Why
nothing Lees than our liberties, our homes,
our hresides, and our altare-our dear native
land, and oil the sacred things therein. De-
feat surrendezs them to the brutal invader,
and degrades our race into the very DUST
We cannot count debt, nor blood, nor life.
We must sacrifice everything to defend what
Ne have, and to avoid what we must be If
We lail In the defence.
Bat It b grateful to the South to hear the
enemy confessing that the point is reached
where Ill depends on the results. and those
immediate, In the battle field. Let the trial
come. It Is welcome to the brave sons of
the South, Who arc ready and eager to settle
the question between eaeir freedom and the
raoHen bags Of the soslid Yankees!