, 1865-03-26

1t which the former subscription expires. as :
Ihonn on the printed direction label on tho pape1
It Il desssahls that q renewal be reetseed iea :
5aJs previous to the expiration Of ms tof1ae1
Enhacr'ptton- s,,...,,.o,, ,
nosoeeak sta ~ %h,eh :, IN. bs.n s.nt ~ ze11
w e s.nfch von wish il chanred. nnd name
~ H. .a.t,,,,
1fanv portion of the letter Is intended for the
Edlioy., it should BE- written upon separate
aheet Of fpaper.
@=5 @;CTa ETTuur. T.
-. 80 1870 - t+nnt,a5 Ye be-
nes ~ 1s.1sar. a,s, T., 1reenhacks, for
ue'e - e 49, as.,,,,,- =, e,oi6 This is the
EfteutasH 49,, 90 49, sonr sono tremble
:, - ~. ets..as ,aI,a decline in gold will
less ae ssns ,.;,,,rea In nusincss-a gen
Gauss "loe'sptes'u ~...s4,or, 1a We see no occa-
e1al pan's NV p' nnr quotations seem like
slon Aot 1.a 4 ,,er.,,y preceded panics-
those ~n1ca a na.e s ,I snd similar seasons of
out In 100 .,.,oa aa thcre was an actual de-
nnanc'n fe' .s.1s,, ".s.' ~ -.,oas rsf,rrea In
clfne, gu, qay -".- ~. s sr,,a 7-icea,, ara
goao p4s 20 49, ,ot,.tene - r,ic.e ara
not 'slalns' wy 10 a"e ,Ns.sn,. ~ T. ~
IN c'DtGnss sn ~.s.aas aaa,,na &, v,1,es n
f,slnsr 1Ae apps pa4 a,s+o.t no1o;na, nj mi
'ns4 s!oAe ~ s+ - .-o,a Al, merchants
in greeneacks not N go.a, ,..a Ait thatr nsaas
Inereio1e VINO na'e .laoss. ~ -, 49, t1asa
keeping thel e1oeks p.ta ~. 'oa, 1,snt Az ~ IN ftct
e1ocRs "o3.o ~ mu.u ~ sn,ta ~ the
to.oaS' 10 tno moA'D' ~e''
~. a,s IL su - t,.nes IF farmer financial reru1-
-,-11 ' ....n -. 49,, .1a,.,e,v indebted to for
e,ons 'ao'so nc s~.rrr ~ .rcessiye 3mporta-
~ eeu 49, dra;n If co1a from the county
.4oos, AZ t.a.a de,,ts has oecas1oned a real poy-
o4 ssra arr goods have fallen in actual gold |
~a1ne. mt nominal paper values, and this
~, has ,oadr nercha1,ts really pooe who hid |
,,as aoD n annnose the,n.elves rich. But now |
~ a-a'rot tndehtad abroad. The balance of |
t.sa. "a avcbonra ia IN onr favor. and with |
-. e A.. +.ha1,,on fnrefon raid
.4 ~ aa..s,,,,s ~. ronr ;nto our country In
1900 ~ - sro ont The inyariable accom-
.,..;-,an+ ~ snc1, I,an,cs has been a deparsuys
-. .a..,. .,a,,,r1t. INT, no,y the apparent
d.c,;na IN erreenhack prices is the consequence
of r.f;rn;no n1nYori,aatlon to ,pee,e pam,ents.
,The svmntoms are the reverse from those
-rnfch hoxe charactrr;zea all periods Of finan-
~; ,~'-.... ,rha r;oA In +ha prc.nback
esat M-,,.,e. oepIess.o. ara tha fall In others
Ea4ue y. some ~ - nao,.a-. -, hr,nc fhe
- only ans ~ s.andard of go1d. Most OWL
currency ~ 49, ~rb,oh ia falling in
ess !" s1s a1eo own other
greenoaeA - ,,s;nr IN the same
psope''s ~ o.sh.rt ~Ehose drv goods
Salaes' Ans N-;.1s ,,1a ~ on fnds hss
nave oeeh uo4 ~" osSao,,s o5 mr. rent
pa'ces 9s' az s.,,e, zvh,'e b,a his re-
1o"e ~ s,,a.,s1,,a so = cn-rencv worth
eepAols 80 ~. S eo,+ r,,,1e than thev uonrd
s"eu,s - a,a I'D ~ fallen- H{s real
nave oesn a.1, t.ro,th s mora Al aehts paya-
es1ae ~. ~. w. ss,,as ~ nonnsx oTe INCREASING in
e.s ,N,-s ~ Nsa eu -.,, the currency. while all
aclaat .a.a, .,.,.o ,,aa,, .saa IN foraipn
% prooucls "men aon;'s,.n.s . fo- |o1d snch a,
@,aa4 ssr,- ~ ,rov;s,ons Are falling il
waenracl va1ne. These facts occasion intri
sa.e..s.s 's!su - ~a1nos a,nonp onyae1ves
~ ..,nst ~ mr. ,eo5,;mate busfucss men owr
mt nn1v 1oods which aropfal1ine, but bill
-eca,vah,e hoolx accounts, currency, real Ell
+ete r. vh;ct are ris,np. we have no.rulu
ma ha1ance of foreign debt to pay or On
war ami ,s ane to ourselves, What one Q
~ 1osas IN ihese read,ust1nent Of prices, an
otbar makes ara freouently what we lose O
one a,tic1e va make On another, This betn
aans-.uv true. these adjustments G
9a,nes. which tend to conform all to th
1en'd hasis. can nerer occasio
general dtsaster. speculatots who have II
Vested not only ali their capital hut the1
1tmost credit IN goods at prices dcpendin
nv a r,se m the SUCCESS of the rebels vi
81, Ratte,e nm s,o1d will fall. But this Is
sa.,,n,r ~ hs .e1esa expectations rather tha
-. ~ ootro1 nronartv-a loss of pro
.se 4.se .oata ~a+her than of real capita
Pessl.I -. 80, p ;, hr-ets INT the !, soau,, r
1ne w. aa-a;1, 80 o,nrebcns,re ths
M@AAs' ,-5~...,.. ae1r.o,a,t ,no
tne ctAnse " 1n4o s1, .sn.a [ranp-,, 4
INC Close u tae ~ 80. .,,"ah..ss ~ an arrn:
preston tnas tne ~,.a ~ .,,e -,
Will gut Tue Aoof ua. 49, s1"s .'a.s .ao a.
Testment oi 'ne eap.sa. ,1'" .,.l1.,,v no conSsc,
oas,ness es n mo1s ~ ~ onr o7nn;es 1sf,, nrnstra
/. s 49, aes hns,n,,a At the North. Aff
a1a Aua.san",,a1s s .r,,, s,ov that all The capt
~ usass~ W. ~ tnrsated IN business e
aao..a anu s1ssy ~, ~" -rar vii And more th
.ssa,,r sasi-.h1s one,,ncs IN the onportu
s g.. ~, .nrastn,ent 1hich vii resnlt "
.saca - ~. onr so1diers # discharred, Will Ct
t;~ua - ~ ,snn,e food and clothing out Of
sr.nv r vs. ~ swe,I ~ in It, The enti,e South,
nnn;,,at,on reduced ia wnnt. of all the. nee
s,tiea and comforta ns well as Injuries of
..-.,a al, onr anrnlus suppltes of #
and clothing to1'on' =. w." r., :.
supply "a no" nea1As eAunua' a..
fall belo" t"en'sne ..sa :
pound lot Inc n'os f - :