The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1865-03-29

great a reduction. Most persons vii
take-the latter course, aud suffer unneces
safy loss. while Tire more sshrewd viii
make fortunes by purchasing nerchan'
disc thus needlessly sacrificed.
Prudent men will operate under sncnn
circumstances with great caution, De
capse they will have in view the tact tna'
prices must continue to decline as tne
currency is withdrawn, until the bottom
is reached. They will, therefore, hold as
small stocks as practicable; they will not
net cease their operations on account OF
prices, but carefully watch the volume OF
the currency and govern themselves ac-
cordingly.
When the war commenced, many rery
prudent persohsstopped their purchases,
and laid still waiting for "better times.
Such have made nothing during the war,
and will find themselves poorer at the
end than at the beginning of the contest
Others went straig ghtforward, buying and
selling, and have secured fortunes with
in the last four years. Il
Business men, who have valuable
trade, should bold on to it. That they
will generally make great profits for some
time to come is not likely, because we
must eventually descend in prices to the
normal standard, but in the meantime
active men having Efuture before them
would not be wise to relinqnish their
trade. Nothing is more certain than the
wonderful career of prosperity that
awaits US, if We only secure nationality
and permanent peace and those who are
In position to take part i'll the business
of the country, will have the best opper-
tunity ever yet known for wealth. Hence
the importance of passing through the
transition from war to peace, In such q
manner as to be prepared for the tide OF
prosperity which awaits us as people.
Our manufacturers, especially, must
start into new life and yigor with the
termination of the war The demand
for cotton goods. in particular, will be
UNPRECEDENTED The markets are com
paratively bare, but, what is more strik-
ingly true, the homes of the people are
more destitute of cotton fabrics than
ever before. Everything has been used
MP. An are waiting for peace, that they
may supply themselves with those goods
of which they have been accustomed 10
keep a liberal stock OH hand.
The demand for home fabrics will he
immense; but for foreign merchandise u
will he greatly eireumscribed Tins VIII
arise from two causes one is heavy duty,
theother, the reduced ability of the com
mon people to purchase. These are pal
pable facts that nlust be taken into the
account when considering the future and
it's promises But still another inquiry
arises. When and how shall we return
TO sound currency
That will depend entirely upon the
wisdom and energy OF ourstatesmen ana
public servants, 1t is for them alone 10
saw how soon and in what way. The
matter is i'm their hands From at least
supposed necessity they violated the
laws of value, by making that to be cur
rency and legal tender which had no
value. only the promise of it, They IN
tyoducsa credit into the currency, and
if is bv their action alone that the talse
element can he eliminated, and the tine
standard eau be restored When the
war has ceased, war expenditures VIII
cease; but taxation will doubtless De
continued, and the revenue made to eX-
ceed disbursements, and the Government
will have the ability to take in its green
backs and other currency. Besides tins,
as soon as the credit of the Government
is assured, there will be a large, we
should say, perhaps, immense demand tor
public stocks, and the floating national
idebtedness can TINS be rapidly funded
= By these means the volume OF the cur
reucy can he reahced provided the prop.
IL
lowed to increase their issue. Congress
will have the power and onght TO
have the disposition, to compel theSe
banks to resume specie payments, anu
if that he done, they must greatly con
tract their circulation Thus by agrad'
nal nrocess We shall return to the true
standard without any violent CONFUSION.
There is one unprecedented fact con
nected with the war IN Which We ar" en-
yaUed: il is that individhai aiindebtrdneas
is being discharged to Il most wonderful
eytent' SO that when the contest is ended
the neople viii be freer from pecunlary
obligations than ever before lhls Is a
remarkable phenomenon, ana quite III
contrast with the condition OF our coun-
try at the close of the revolutionary war
Tnt the course pursued by the Govern
meut has brouy yht ii about. Private has
been exchanged for public indebtedness.
The nation is involved to All enormous
amount Every State, every county, and
every town has accumulated debt tn an
extent before unheard OF
This fact must greatly influence the
future Taxation will be heavy. cOntln-
uous. and pressing 1t will bear wlth
great force on the masses OF tire people.
Their consumption of wealth. and, 0i
coS,rs. their trade must he restricted
What a man pays i'll taxes he cannot ex-
nend for clothes. Every expenditure
must be curtailed to meet the demands
If the inevitable tax .gatherer. The result
will be, that ordinary consumption VIII
he less. and extraordinary consumption
more Those who pay the taxes must
,buy less, those who receive the pnolIc
dividends will be able to buy more there
Win beless low priced, and more high
nriced goods sold, more luxnries, and few
or necessaries, proportionately' thah oe-
fore the war. " norr
,,os oss;,,o is destined. whether fortunately
or unfortunately. to assimilate the ma
tom IN European civilization. The great
dabt which we shall create will proba-
III never be paid or ever repudiated -
The nations of Europe do not pay debts
they nav the interest. They cannon pay
tbepr;n cipar becanse their current reye-
nues are required to meet the interests
Orr on government, aud prepare for