, 1864-05-07

The csrse Of High Values7Speeulatioo and
Its Resuls-A RedeemlDg Clause
Suggested

take their flight. and II not bc7opd our rauee OF
vision, there is reason to fear that ere long many
kinde OF articles which we have long looked upon
az essential to comfort will tc above the reach OF
people with ordinary means. The indications are
not wanting that eome OF them are foaring Ike
1cnrns, and like him will ind the wax melting. and
they tumhlinc into the depths. In war times there
is Of necessity general appreciation in real Val,
uee, aud sli1l more decided Increase in nominal
vn,ues. But we maintain that there is not oscs-
sion for the exrayneant ftse in price o. every A1
Gle Of domestic consumption which las rceen11y
been made.
TIE causes Of this arr numerous--slmost TOO
much 20 Tor dctail IN the 4pacs Of sh!lt article.
First comes taxation, fDc!nding import dutles thc
producer and vendor impose an add zion to the
M nnd in canssoaence of the decreased facility Of
home production. due TO tue WlthdtAWal ol wosk,
crs, there y less Of composition Mlth IMP Imported
eanai 10 that Demanded for the 'hings imported.
.So Ps %ates al tbs IN ases
every department Of industry because their breth.
rcn have many Of them gone to the field,
aoo 10 do Gss Il eappyins The eSa demsnda @ ooi q
in to give another hoist. We're our productions
this would not aftect, but we buy and sell largely
with other countries where specie Ia the standard
Of value. We send our grain to Europe, and there
began. Of eoarse BE- vii not sell here al the tams
price in paper AZ before Then imported goods and
material brought here for msuufacture must be
accordingly. These are a11 Legitimate elements Of
increase, though with regard 10 the first It may be
sud TINT the vendor OF an article must H.f ois
own share OF the taxation In diminntiou OF prof.
i,e and that in attempting to eyade this burden be
only 1uakes 1t fail hcnIer hts fellows, and In the
un1atursl stimulus to p1icee 1t ultimately reoonnos
but there are two other causes outside Of these
both inegittmate. They are tho speculative deal-
ing the articles Of consumption. and the prceo-
ctous lining up OF prices BY those who have stosks
on hand, before prices are aavancsd to them. The
first these IL the curse Of the land and unfortu.
e4 i q Il eS Il ~ .s
be s'eca.ce,, y when We have Government curfen-
g ample for al The leg'unate operations Of trade
bank circulation which. by over issue, Ia nearly
double Of what was sufficient to furnish MS all with
money th1ee years ago! Is ,n9t & no[,o%tn: si ~ \,
that people who OVID money use It 10 speculate With
instead Of dcposlting it on slow si1 perennial, a.
ey j in more senses than one It not only acfualy
ctcapens that with which we bny commod ties,
but pu,s them At an e1orhitant figure BY thu spec
ulatiye profits made fn trans1rttons. An article Ia
perhaps transferred through dve or six crira hauds
before 1t reaches the consumer, and each OF those
s1f e, she "a
1n IT, %o does
! &c 1b4tA1 -e -tA-es .A~.
operate tor those who arc AFRAID to trust their own
Judgement, oI who Tor other reasons do not wish
The other practice is one by which many have
grown rich, SIMPLY as holdere. Unfortunately TOT
ne. the system q vigorous taTntion has bean aad
small additions to the rate Of taxation and almost
ar continuous an adsnnec IN the price q gold
!. figuring up their stocts. The moment prospect
I've rise is ahsdoWed out, every dealer-wholcsal. .
retail and c,irbsfone,-naEks up The pf;ce OF VIA
az aas @ 's eseh 1 has S qas
proft thereon. bnt when ne ps1ee o. eo,a decllne
no one hears OF retroSraanuon towards lofme
Eccpng up, uften one for advancing, but never ON
for retrosresrins towards aute-"ar rates, Aenc
ne pso1t on eooos so1o n oSn S s
6sIs IN III # = ~ o~' ''''~ f~~A
, In these two last items lies the resl secret O
the enormous prices which We are now com2e!le
hp2 s is1 ~ nnibSnn tst rscsnes Tie reed of II
s1aa,,.tors .,nt6,ru nnt ~ wh,ch sher sernns -
q make an ''bonest penny" Yet these are the Est
+ men Tho ay onf largely against n,sa ptaees: ~
. may be permissible 10 times q pcaee, hat now 4
one nas the ieMt 70 oe Rsaasa 70 aake &c one @ e.
out o. ths mseTea Inefe net u no 104 2
chances OF success Or defeat. we n1M pitch IN 4
e whip the rebels There Ia plenty OF room it u
d days. A regiment of, specu'atora would be . 81
t. rione one 10 send agatnst the enemy: It would
the ast feather TO break the eamee back, the o.
II thinE Meeoea ~ eonp!ctc tnelt run. -
= Another saFtne clause may be auggested, az
4 will yet be enforced The formation OF butt
:. leagues has a1ieady brought down that TO nviI
~ price and tn dry goods the same will hc adopted
- TO cry nothing Till a tar price only soau be
nanded. 1t was Tumored in the city yesterd'
that TIE dFy goods dealers were @ about to maIk ,
N their stocks 1a1Ffy per cenf pat We hfe Inform
il that the step is get IN a5eyancc. Better wait ge
,e nemen. Prices are high enorch already, and II p
"a higher will certainly lead TO decreased sales.
ntmble sfxpence IS htttef fhan An idle eh1llingt