Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1865-03-29
lFrotnlthe Indianapolis Sentinel
The Financial Problem

| Inc Cincinnati Gazette, in q labOred at.
tempt to eluo date the "antics Of the curren.
cy, or the present condition Of financial af
fairs, starts out with the following lucid pro.
position, or statement lH..H.
The amount OF money in the world is al.
ways enough to transact the business of the
world. This fact furnishes an easy soluton
70 the question, how much money is needed
to carry on the business Of the world, which
some people reflect upon profoundly, as if
there were something to be got out Of it,
Whatever there is, will always do the business
and the cry for more is never satiated by any
degree OF increase"
And what 10 the result Of the profound re-
Elections Of this leading republican organ,
which professes or We may more apositely
say assumes to do the thinking of its party
After celebrating its proposition in an essay
off column and a hall, It winds up It's very sa-
gaeiouB reflections with the following en-.
quiry;
Can any one say that since we have ia
sued nine hundred millions Of currency, we
have come any nearer to the point of sup
pIy'ng the demand for money than we we're
before
We reply nary red If the volume Of cur.
reney was increased to double its present
cry would be Just as urgent from the hungry
spectators for more The sole object of the
leading spirits of the party in power, seems
to be to make money, regardle Of the inter.
est OF the country or the sacrifices which il
may occasion to the productive popu lation OIL
the nation now, or in the future. That con-
sideratiou has not feathers weight with this
class Of partisan politicians
iur altpniiOn Wnq drartad N thu ia1
issues or questions now before the country
and which should have absorbing interest, up.
on reading letter from Mr. Richard Cob.
den, warm syn.pathizsr with the general
policy Of the party in power, which is we'll
worthy of consideration. He says, referring
to the financial management Of the Admins.
tratioh lI.
lyon will have q task sufficient TO employ
all your energies at home in bringing your
finances in order There is a dreadful want
OF capacity at your head in questions of po-
lltical economy; you seem now to be in the
same state of ignorance as that from which
we began to emerge forty years ago. The la
bors Of Huskisson, Peel and Gladstone seem
never to have been heard of by Messrs.--
Il Co. Depend upon ii, that as there is no
loyal road to learning, 50 there is no repub
lcan path to prosperity. You must follow
the beaten track Of experience. Debt is debt,
whether on the west or east Of the Atlantic
and it can he paid only by prudence and
economy and wise distribution of It's bur
dens."
The war may end o.morrow--we may have
peace upon the basis of re union without the
loss Of an acre of territory, yet the failure to
bring our national finances into order, arising
from the ignorance or incapacty of the men
at the head of our public sEairs, may, and
perhaps will, canseu as nation more embar-
in the future than the war has tbus
far occasioned us. The partisans at the head
OF public affairs present no evidence of bav-
ing learned wisdom from the experience of the
past, and it seems impossible to make them
profit by such practical lessons, They cannot
the idea which Mr. Corben sets
forth, not as anything now or strange, but on.
ly as the teaching of the beaten track of ex.
perieuce, that debt is debt, whether on the
west or east Of the Atlantic, and it can be
paid only by prudence and economy and
wise distribution Of its burdens"