New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-11-21
NEUTRALITY-SUSPICIOUS..

The unsoundness and instability Of our
National Currency has for years been the theme
of Copperhead complaint and inveciiye. Dear
prices-oonstant and often serious
fluctuations in money yalues-these have been
harped on in journals and inyeighed against
from the stump and the bar-rooms, as nuisances,
whereby the Laboring Class wore especially
aggrieved, and which so should be promptly and
thoroughly removed.
Evils they undoubtedly were. We submit
ted to an irredeemable Currency precisely IS We
might submit to tOoth-drawine or amputation.
legal dollar that Auctuated in value from day
| 70 day was q bad thing; but a discovered and
ruined country would have been worse. So We
deemed it advisable to save the country first
and restore the currency soon as possible
thereafter
The President and the Secretary Of the
Treasury earnestly desire and contemplate an
early resumption Of Specie Payments; We trust
Congress ponds TO that sentiment, as We are
sure the country does There are classes and
interests that hope to protract and profit by our
existing National insolvency, but these are in a
decided minority at home, ~ We trust they may
be at Washington.
But Our Democratic neighbors, who con-
stmtly and yehemently inycighed against an
Tcdeemable currency 30 long as o return to
specie was impossible and fault.fndng served
only to weaken our Government and strengthen
the Rebellion, are now stubbornly opposing Re
sumption Even The HeroH keeps mp guer-
rilla warfare upon it; while Tie HOnld depre-
Gates it in leader columns, whereof the following
extract from its last money article is a sample:
The city gaining funds from the accumulation Of
unemployed balances owing 10 want Of confidence in
the future course Of prices created BY the Secretary Of
the Tre8surys Fort Wayne specie basis speech and the
fear that Government may attempt 10 inaugurhte the
mpracticable hwnhug Of an immediate contraction IN
The paper money issues Of the country. Prudent bust
doing little possible, because they
know not what Mr. McCullDch may do. Thus the le.
climate trading and enterprise Of the country are
parayzed by the unsettled policy Of the Treasury De
partmcnt and the speculative spirit is Osercd thereby
II Mr.. McCullOch really intends 10 contract the cur
rency al sane men viii sell every description Of prop
erty they can In order 10 hold greenbacks, because
grccnbacRs will then certainly prove to be the Miest
and most profitable investment Tho people want a
specie standard for currency with ITS reduced cost Tor
living and they want u an the earliest possible date;
bul they want il, not by The TRIBuNIs swlndlmg pro
Of contraction, but IN the same way as California
BIAS always enjoyed il, namely by ignoring the legal
tender act"
That is to say: The People don't want
our National Paper Currency redeemed and
withdrawn until what remains outstanding
shall be at par with specie; that would be
The TRBUNEs swindlng procoss;' they
want, on the contrary, a return 10 specie
standard by "ignOring The Legal Tender act-
hat is, by rcpudiaGng the National Currency.
The faith of the Nation is distinctly and fully
pledged that every dollar Of that currency shall
be a legal tender for the sum specified on its
ace; but this pledge Tie Uonid would have u
violate, leaving the people destitute OF money
md compelling them to send the Governments
violated promises TO the brokers shops, there to
,e sold for two, three or four shillings on the
lollar. That would be no swindling con-
raction;" it would be simply National repud-
ltion and general insolvency.
If sane men will sell every description of
property they can in order TO hold srecnbsoks,"
n case "Mr. McCulloch wants to contract
he Currency" they may as well set to sellng'
for" Mr.. hcCulloch really means to
ontract the Cuuency"-he does, SO sure ss
GU live--and if you doubt it now, yoa will not
fter you have read his forthcoming Report.
10, gentlemen who are selling Coal Of Sl3 per
un, Butter at 20 to 75 cents per ps1pd, Bacon