New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-23
Comments Jp TIE Tribune.

We ere among those who reluctantly bowed
to tho necessity Of dcbas.ng or Currency IN
order to cary the colntry triumphantly through
the perils and trials Of a gigantic civil war IL
/ is easy TO show the evils and dangoTe OF such
Currency; but our conviction remains IN
shaken that our Government could not without
! it have borrowed or otherwise raised the I'M
mcnse suns absolutely required to prosecute
the War for The Union on mo scale essential to
il. success. And we estcem the temporary evils
Of deprecated Currency Insignificant i'll com
psr;son with those Of shattered ruined coun'
try.
| But we orc utterly COMPOUNDED by this clamor
! for persistence in insolvency one moment alter
the necessity therefor shall hyc ceased. That
we shall not no able to return TO Specie Payment
while the War lasts, nor probably for soIne
week. theresfter-so much We comprehend;
that our approximation TO Il will necessarily be
gradual. is clear enough: but that We should
desire and erdeGror TO attenuate ana rrolong
he process Of restoration to sOlyency-thN Is
quite too deep for Us. Ii there be lamo ducks
who hare exposed themselves 70 bankruptcy By
running in debt for Stocks, or PORK, or
Flour, or Butter. or anything Ella. in the
belief t,at 'he Rebels would be able
10 pros,act and increase thor resistance
20 the National authority, we most strenuously
insist that they are entitled 70 no consideration
in the premises from the Government or to
earnest upholders. lie who chose 10 hold But
ter through the late Winter at - cents per
pound, or Pork at $40 per barrel. or Flour at
$40 or Coal at SO 10 sig per tun, must have
done so in the belief, ifnot ne hope, that orr po-
litical and financial condition and prospects
would be worse this Spring than they were last
Fall. Wherein docs his operation differ from
that Of the Seceah gold-gamblsr Who bought
81, 600, coo in coin, deliverable in April, agree
ing to pay 1r?00 o, over in geenbackS ior elca
$l00'
OF course, every man who chose % bet that
the Rebel, would exhaust our resources and
cripple our finances could do 70. lie could put
his Money into Pork, or Flour, or Butter or
Cold, aS easily as into the National Loan. But
he did SO at h;s own proper peril. and with a
full knowledge that he was betting against the
life of the Nation. lie was making the Winter
harder and colder for every Union soldiers
wifi, or widow; re was doing what ho coVld
to Increase the cost OF sustaining our armies,
aud thus produce the National collapse which
ould have made rim rich. He did this in de-
fiance Of ample warning; for we have protested
and struggled against il from the outset, giving
fir notice that We should urge a retGrn TO Spe-
Gle Payment at tho earliest day, and that thou
sands felt and .cted with us. We mast say that
these gamblers in public misery have deserved
| 20 lose.
| Bat hop DO they loSei Suppose a merchant
or capitalist invested all his means last Fall il
,-oduce, and still holds II, what of III lie
.aicht better have invested in the National Debt,
that is clear; but his property is stilintaot, and
is worth Gin real money! nearly al It cost. lie
may or may not be little poorer than be was;
but he is not ruined, nor anything Ike It. IN
less he has been borrowing right and left and
buying on credit expressly to maintain, II not
to establish. exorbitant, oppressive prices Tor
the necessaries Of life. AID If he did that,
there are not onions enough in New-York to
make Us shed one tear for him.
l." But let the fall in prices be gradual" it is
urged. SO it viii he, we presume; but 1t were
better no. TO be 20. For the farmers Of our
country orc to-day required to pay for labor
prices which must subject them to serious loss
they moking the crops of 1865 at Greeuback
prices and selling them at Gold prices. Sothose
who would gladly build houses in cities are
obliged to pay. Greenbask prices for labor and
materials ard sell or rent tho houses, when CON-
pletsd, at Gold prices; and this dcters thousands
from building. az il ought. Journeymen and
laborers say with lreascs. I'VE must have high
wages, because everything is DEAR" but this
will not enable the house to command
corresponding rents next Fall or Springer will
only effect this BY reducing the erection Of new
tenements to minimum. L 1t not clear that
coming right down 70 rock bottom would be
best for all thesei
"But Public Securities Decline" 1t Is further
urged. Az We esteem Gold the universal stand.
ard and tonsbstona Of vNuAa we do not admit