Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1865-04-10


nsnt aad proise; The interests OF tbs
people.
In TIE brief address which | made ,c
The principal ofhcers Of the Departneot on
The Sia Rliino 1 said, among other things,
ny chief sim will, Of course, be 70 pro-
vids the meas TO discharge the elsins
upon the Treasury Department al toe ear
llesl day practicable, sad 70 insIiiate
measures 10 bring tue business Of the
country srGilsIty back 70 The specie stand
ard, $ departure from which (altsough for
the time being 8 neeessiIy,l Is 10 less dan
ssiog snd demorsliEing 10 the people than
e1esnsivs 10 the Government"
This i. the oriy syswsl Of policy which
l have made or expect TO make, .; lsAs;
tor the present
Tue former Of these objects is reeeiVir z
NJ frs, attention. The sales Of the SeTsn-
thirty notes than which 10 more desirable
security will be offered to the publie) which
have been tsnPsrkiily dininisbed oy the
Wsll street pacic, will, I an hopefol, be
sooa sgsin 50 increased - to pat The
IreasQry 10 . Goa diiion TO meet sll sus-
pended rtqaisitiors, and honor ell drsfts
that may be made upon il % that the diff
.fersui departments. BY being in eondi.
ton promptly 70 meet their engagements,
nay be enabled TO reduce lsrgsly the sI.
peoses Of the goEeruaesi
The latter OBJECT seems 20 be 10 the right
train for Accomplishment by tie elective
blows OF our military and naval forces
without any interpositon Of the Treasury
Department, soi in the face CT = daily H.
crease OF currency through the insirnuen-
tally Of the nstional banks.
Yoa seen to be spprehensivs that the
return OF specie payments Is TO be elected
bTs contraction of Government issaes; sot
YOU say ,hst, sin ons hing al have been
DISPOSED 10 unite, sad that was that 81 ear
" resumption vas toe cardinal point Of
NJ policy, and that it was 10 oe sought 81
whatsoever cost to the capitalists ssd Eork
ina men OF the county
A resumption Of specie payments IL with
ne q cardinal point" because believe
tha, the specie basis 10 ths only safe ana
healthy ooe t3r business; aud because 81
clearly OF the opinion tbs, the Interests OF
capitalists ADD working men sill DC promo
iei BY 5 return 10 IL bat 10 policy could
be more unxiss than that which should
attempt to accomplish il By sOca eur1Ail'
neat Of the curreacy a. would PROSTATE
or ipjuriously affect those great interests
upon the prosperity Of which the Govern
men, depends for its revenue, snd which
cannot be broken down or severely de-
pressed without ispriring labor Of lie pro-
per reward.
The history Of Wall street within the
last tsu days sustzius tie correctness Of
the opiuion which 10 smother position !
have irtauenily expressed, ihst the high
price Of gold WAS TO oe attributed n part
a. east, 10 other Influences than the eI
pausiou o. the currency, snd seems 70 indi-
cate that TIE paper circulation OF the
eouotrv which ess been isspsd or secured
by the Government, even while iis volume
l. otirg increased. may appreciate neArl!
10 the speeie standard
As ths wsr draws TO s close, and the
restoration Of the Cnion ia 10 longer doubt
iul, goo sed eurrsOoy sPPro1ina'es rapid.
" 70 each other il their market value, sud
Of course sll those articles shieh we're
made 70 fallos the former IN u ascent u 1si
:vupsttiIs viii IL il i's decline. This
e.uIoi be prsTsotsd 81 any action OF the
Trsssury; even II the Interests q TIE co1o-
try rtouirst il. Il must tsvs been better
for the county and The people that the
ieehoe Of coin sbculd have been more
srs5usl thsa hss been Tue ease for the
week CT two past bui 1t Is better that Il
should have cone down e. IL hss than Il
sboali Dot have declined 81 AL.
understood. I believe, snoug those
uboss habits o. psrsoosl indulgence lead
them into protrscted excuses, that sober
ing CT rapidly Is dangerous experiment.
but dspseFous ss j, may De, u Is pfeieFa-
ble 10 cou,icuei iuioXieauon.
I, does rot follow, boweser that becsnss
gid hSs declined from les 20 l46, &C 1
nav speedily decline still iGriter, prices
generally will fall 70 the same extent; nor
10 ! believe hat suy permanent decline
which . Ike 10 cesar viii prosrste The
Great Interests OF the country. Ga the
soatrary.I an CT the opinion that When
the specie standard . restored, Or nearly
teacbed, The assurance which this s'ste OF
,oiugs will e-sate-thsi the business OF
the country Is 70 be transacted on hruer
ossis-vill divert capita from speculation,
ant sirlulsts, instead OF PROSTATE, pro
dactiTe industry.
The clo.e OF the var will remove the
Government il great degree from TIE
market both So borrower ana 9 purehas
er. and While the Business Of the country
IL bsiug accommodates 10 the new order OF
things. there will be. 70 considerable eI-
tent sisrusuon and embarrassment; bat
a. hostilitiss s.e nov likely 10 terminals
bsf,re speculation has resulted IL large 10
Sivi4usi Indebtedness, The transition il
likely 70 be Effected vithoGt the disasters
xnich 50 many have appreciated
The habiiues OF the people are small.
the circulating medium is 80 ample aat SO
vel secured, the resources of the nation
are 20 vast, and our Pohncsl future is 50
brilliaut, that the enoarassneaE which ;
change in the business of the country
must bring abont, will DC bat temporary,
and the iodieAriocs sre now decided, that
nv the time reconstruction is fairly con-
n.peed enterprise viii De qaiekensd into
.ey life; sud VIII its integrity establish.
Cd the old drawback upoo The nstionsl
Dro. periIy, ana the only stain upon the -.
tioosl escutchsoo removed, the great re-
puhIie will move forward again % its ca
resr Of prosperity sni honor. scarcely stag
gsred By such = struggle With gigantic
reoellion IS would have broken sny other
nation into frsgnens.
nYou viii perceive, By the statement o:
he condition Of the Treasury on the frs;
iusss,, that the Go,ernuen, eireolstiOu
IA, not been diminished. Watcher, or 10
THAT extent, this circulation viii De re.