Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-10-16

poorest 70 buy in. The consequences 10
that Europe 10 selling IA more than she
buys Of ne, intending our securities, which
ought not 10 20 abroad and there is
debt rolling up against "a that must be
settled in par, at least with coin. The
longer tbs imitation continues, the more
difficult IL will be for us to get back 70
the solid ground of specie payment, to
which we must return sooner or later.
IF Congress shall early in the sp-
preaching session authorize the funding
Of the legal tenders, and the work Of re-
duction 10 commenced and carried on
resolusely, but carefully and prudeEdg,
re shall reach il probably without seri-
Gus embarrassment to legitimate buG-
ness If not, We shall have q brief Pc
rod of hollow and seductive prosperity,
resulting in Widespread bankruptcy and
disaster
There are other elections to the pres
ent imitation Il is. fear, corrupting
the public morals, it is converting the
business Of the country into gambling,
sod seriously diminishing the labor Of
the country This il always the effect Of
excessive circulation. The kind Of gam
bling which it produces is not confined
70 the stock and produce boards, where
The very terms which are used by the OPP
orators indicate the nature Of the trans
actions, but Il a. spreading through our
towns. and into the rural districts. Men
are apparently getting rich. while moral
ify languishes, and tkeproductiye indus-
try Of tho county is being diminished.
Good morals 10 business, and safe, per-
severing industry, ii not ct discount,
are considered too old fogyish for the
present times. But feel that this is
not the occasion for croaking, and per-
haps | ought 70 apologize fer the train Of
remarks into which have been led, bot
I feel anxious about the present imitation
and it's effects upon the business and
morals Of the country, / am hopeful
that By wise legislation we shall escape
a financial collapse, and / am confident
that grand future Is before the United
States. am hopeful that the currency
may be brought np- to the specie stand
ard, without those financial troubles
which have, in all countries, followed
prolraeted and expensive wars
By the experience of the last four
years we are led TO the conclusion that
our people have latent power that al
ways manifests itself when required !,
and is equal TO any emergency. I have
faith ia that, as we have, to the aston
ishmento Of. the world, raised immense
armies, larger, i apprehends than auy
uation ever brought into the field, and
met the enormous expenses Of the war
without borrowing from other nations,
we shall also be able, wiihouta financial
crisis, 10 fund our surplus currency aud
interest-bearing notes, bring back bust.
ness 10 specie standard and place the
credit Of The country on most satisfac-
tory basis. II we do this we shall ac-
eomplish what ths eounG ST thinkers Of
Europe haze considered an impossible.
", and what no other people bat the free
and entbrprising people Of the United
States, occupying fba grandest country
IN the world. could accomplish. Bot
should we be- disappointed in these hope
ful expectations, should no early check
be put upon the issnes Of paper money,
should prices still further advance and
speculation b0 still further stimulated,
and the result thereof be extensive bank.
ruptey, depression and hard times, the
grand destiny of this Government aud
this county will not be affected
The United States occupy the best
portion of the temperate zone of con-
tinent, stretching out It's arms TO Europe
on the one aide and Asia on the other,
aud producing al articles necessary for
the subsistence aud comfort OF the race.
II cotton be king, be is, thank God, en-
throned again. II bread be king, where
should his capital be bot In this great
valley Of the Mississippi This nation
has within itself everything that Is need
ed to make IL the greatest among the
family Of nations. Coal and iron are in
jnxtaposition aud in inexhaustible sup
ply; mountains and valleys rich enough
in gold and silver TO furnish the world
for all time with what may be needed for
circulation and other uses; copper, aud
lead, and other minerals in no less album
dance; soil Of wonderful fertility, n
climate saluhFious and diversified, and,
above all, republican institutions, and
an energetic and cultivated people We
have, Il is true, difficult questions grow
ing on. Of the war yet to be settled, but
have an abiding confidence that they
wilt DO settled ms they come up for set
Element, in such a manner az will
strengthen the Union and add to our ma
tionas renown.
The labor question at the South is one
Of those questions, but it there be no
outside interference il will not, appre-
bend, DO q very difficult one. On the
contrary Il is quite likely to be a self
adjusting one. The planter needs the
labor Of his former slaves, and the high
price which Southern products will com
nand for years to come, will enable him
10 pay literally for t. The colored PEG.
pie will soon learn that freedom from
slaaary does not mean freedom from
work. The interests Of tie two races
viii not long be Antagonissie. The
whites will need the labor Of the blacks,
and the Flacks viii need employment
There is MS much dsnger 10 be appre-
Blended from the unwjlingness Of the
latter to labor for support, as from an
.indisposition to pay fair wages. Like
all other economical questions, Il will be
settled BY the necessities. aud interests
of the parties. Fortunately for the So
luton Of this question and the well-being
Of iahoring men generally, capital is
not supreme in the United States II
does not 10 in most other countries. bold
labor under lie control, and dole out to
II just such Remuneration only as viii
make il most productive. Labor is a
power in this free country, with its cheap
lands, which are within the reach of all
industrious men, and dictates terms to
capital There 10 no part of the world
where labor is more needed than in the
Southern States. No where will il soon
command better prices. This labor
question at the South will, doubt NOS,
be satisfactorily arranged in due time
for 4he best Interests Of all concerned.
u~ama~m@mm~m~sr~mm~-
}1 AAU COAL.
Take N ot1Co.
4 WILL RERzaTTER KEEP LARGE
Il supply % NswbnSg Coal At the iaadIng, and
psrsons DESTROYS of laying in theiE winter supply