Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-08-12
rus NATURAL EssEcr.

suited IRON tnr uuahcta poicy oi aoo P~'@ =
poser: The speculation and extrsvagsnee -Aieh
have prevailed TO such an eItebt during the last
lev years are the natural result Of the nnsne'ai
policy adopted soon after the gar commenced.
and continued to the present moment They
not only might have been expected, but we're
consistently predicted by those Who urged upon
the Government different course Much has
been written. within the last few months. in re-
Istion 70 the preyalen, folles. bat no more
graphic description can be given them to-day
than vas published ia our columns four years
ago when the paper money theory vas first ad-
vocsted. There are some vho still contend that
Imitation does no harm and is only pleasurabe
excitement. which leaves the system a. healthful
a. before At frs, sight there Is some PLAUSIBLE
ity in their argument Dilute the currency 80
Ihs, fifty cents will pass for one dollar. and you
have Only. according 10 their reckoning to dou-
bic the current prices TO make everything even
The mechanic paws double for rent and food
bat be receives double wages. The capitalist
hais HE properly nominally twice as valuable.
bu. IL costs him twice much TO live. 50 be has
no advantage Even il all this could be equta
by adjusted. there would be still those whose in
comes are 6Iei beyond the reach OF this sudden
imitation, and whose expenses are doubled With
no enlargement OF their ability to meet the in
creasing obligations But the effect OF the in
fa,ion does not end with the change In prices
The increased erertion which either mind or
body puts forth under an artificial stimulus is
never economically expended While the ex-
citement lasts the action seems totally uncon-
strained; but when the eIhilsration has passed.
the ~earied brain or stfened sInew shows that
there has oeen a waste Of vital force. IL the un
ma ural fever be long continued by q steady ap-
pication Of the exciting cause. there comes =
time when the charm ceases 20 work, and in
steal OF additional vgor. il brings only delirium
m . prostration
Individual idleness and eItra,agance are some
thing more than individual folly: they are
national ruin. just a. there can be no n,tonal
virtue without personal rectitude. so there can
be no national wealth without individual thrift.
Waatescr tends TO encourage idleness. exrsva-
gagance, or waste. ia the Individual. strikes .
boz the we'll being of the nation. aud brings
curse upon the whole land. For ,hi. cause, it
will yet appear 10 the LIGHT OF history. IL the
truth comes to be fairly written. that some OF
thos, who proclaimed their patriotism from the
house tops. and denounced ali who clung TO the
old fashioned ways aud waiting for the propsf
fervor, were all the time engaged 10 unsettlir 4
tn, very foundations of national prosperity.
IL may be too soon 10 urge this now but there
will come a time when il will be realized. There
Is still call for more excitement, for another
drop OF the exhilarating cup With seven
hun irei millions OF Government paper fitted to
be used as circulation. and three hundred mil
lions OF National Bank issues authorized. the
elsnor is even now for more imitation Some
friends OF sound currency hoped to pus a check
on this feversh excitement, BY providing q svs-
sem Of redemption which should give the nation
chance 20 pause short of the final debauch.
The Comptroller Of the Currency. at Washing
ton, who loresees the danger, warmly ap-
provei OF the scheme, and wrote to ap-
plcarts for more stimulus like q discreet
Ii ,uor dealer, that they bad already as
much good for them; and limited. as
. clinehing argument. that they would realize
t'e truth of this when the SOLDERING process once
b gan. But there is to be no such return to
br3ty il the cismors OF the nhaddened spectators
psssil. They only denounce all checks.
but call in question the patriotism OF those Who
q Sor anything but sumuIsnt-. Already there is
Q movement on foot TO secure from the next
Congress. il possible. extension OF the paper
n ney issue far beyond the present limit and
tn chief financial agent OF the Treasury. in his
resent visit to this city, openly avowed the deter
mination Of himself aud friends TO make all these
issues legal tender as far n that can be done
b. legislative authority.
II is idle to talk Of economy and retrench-
N mt. either private public, while this policy
continues. New England grls will be coaIed
In vain TO listen TO the factory bell: the sons OF
she laborcr will seek the Office or the counter.
Instead of the field or the work shop: the idle
throng will hang about the purlieus Of great
cities: gdei vulgarity will hsunt its gaudy
trappngs in the fashionable ,horoug hfares; waste
an want will lead to POPULATION, forgery. swind-
linz and robbery; the thirst for display will ex-
cite that restless craving which opens the door
for crimes that here mus, be nsmeless; corrup-
tien will rule in legislative halls. aud the official
plunierer mock At the poor tax payer while his
Ia IDS are deep in the public treasury; all this,
All worse, il worse there can DE, are in the
pstu- al order of sequences While this imitation
continues
And what will the end be! There must be q
lint to all such intoricstion The simiie will
call to mind some Of the ways 10 which the end
may come. and We need follow is no further Ii
is too late TO wish that the nation had never en-
tered upon such course OF ind .tion: but We
shall not allow the effJrt to be made to extend
the limit Of this expansion without the utlsrance
of our earnest protest. Watcher sound fnan-
cial principles are ultimately adopted here or
MT. their truth must be vindicsted sooner or
later by the result; and the folly or msdness
Of those who seeking to invole the IA
ton in still deeper trouble. will then be fully
shown. although it msy be too late TO avoid the
catasiropbe