The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-03

: threatened the Stability ana permunency
|. his house, he naturally, and with the sam
| anxiety that mariner seeks his bearings afte
; a storm, consuits his books, in order to fam
: liarize himself with the position in which b
has been left, and to see what appliances ar
/ | necessary to square accounts and. enable hin
again to enter the avenues Of trade. This i
the present monetary condition Of cur gov
eminent During it's four years of trouble /
had its credit tested, as no other nations ON thu
face of the earth ever had, with uninpaired
faith, and the time has now arrived to exanine
the books and satisfy ourselves of the posi-.
bility Of taking . fresh start without producing
II those financial troubles and disorders witch
4 beset the paths Of other countries when they
sought to emerge from simiI8 conditions
\ To reiaaugurats q healthy movement and
give stability to trade, and to restore oar cur
rency to tie metallic basis, witAout prodncing
the general smash which Is 20 nuch feared and
which some are 90 certain eannet be averted,
many nice Points ass' TO- Be adjusted, and
extreme and precipitate" measures are TO be
| avoided. The financial records Of other ma
tons afford very few lessons. for eur guidance
other man to warn US of the dangers which en-
| compass us, and to show uss the paths which
are to be Stunned. The force which England
employees during period Of twelve years to
restore The specie basis for tho benefit Of her
l landholders and bondholders ruined her trades
|, people and producing classes and nearly
brought revolution upon her.. A similar
course must not be adopted In our case, or
similar results will be sure to- follow. There
are no distinct classes or. particular
interests in this country that would
lie exclusively benefited by. return
to. specie payments, and consequently no spe-
cial or exclusive legislation will be likely to
botdemanded for the furtherance of that end
by any particular branch of business. Con-
! gress, therefore, relieved from any outside
pressure, and from all Influences prompted by
interest among its members, such as was
+. exerted in the British Parliament, canvery well
afford to remain passive and leave the people
decide when it will be most judicious to
b ase transactions upon the standard, Of gold.
II le change cannot be effected in q year. or
ev en- two; but il left to the natural advance
me mt Of our foreign and domestic trade, to the
aul .mentation of our population, which is now
pOu ring in from all the countries, Of Europe
and from portions OF Asia and Northern Africa,
and to the great increase of our wealth, it will
be one much quicker and more easily than it
was accomplished under the forced rule Of
Grca Britain.
We are a fast people. We fought more bat
tles uring the four years Of the rebellions than
Engla nd was engaged in during her twenty
years. struggle with France, and we rolled up
nearly as large debt in that short space as
Englan d contracted in ell her wars and battles
betwee 1897 and 1920. During that four
years, 90, we placed as many men in the field
as Grca Britain aggregated in the Napoleonic
war, anti webuilt q navy equal to hersrinD all
and sup sricpin many respects, which she had
been oentIBy in constructing. In the rssto-
ration of the metallic basiss aad the payment |
of our NATIONAL debt we shall be equally fast, I
if the people themselves are left to shape the |
course Of events untrammelled by the interfe- |
renee of Congress and unfettesed by sInch laws |
as we have reassa to suppose would spring 1
from the brxin a men like Thaddeus Stevens,
of Pennsylvania, and Q number Of visionary 4
financial theorista-
SOUTHERN PROFESSIONAL G0xRNoRs .GErTN01
ON THE RraBr fKA0.-WnA q brad and.I
strong hint or two opportunity thrown IN from
President JohnssH some OF his Southern pror,1
visional governsrs VINO wsBe of ase- getting |
on the right tcaek Governor Perry, of South
Carolina, fon instance, in dis message to his 4
Legislature referring to thenscessity Of borrcMS
ing money to. get the States upon its legs again,
says, eff yam eseclude tn mise money in this
way you ought 10 inclnde,t the payment Of the |
direct tax, land which South Carolin now owes |
the United States, and which her citizens will
soon be called upon tospsy." Hare we have
an honestreeagnition cftfss national debt But |
Governor Perry mua ret forget the despatch of |
President Johnson to Nerth Carolina rrging |
her conyention to de dare secession and the |
rebel State debt null ADD void Such deolsr--
alton will st once relikye the Spte. of A. great |
deal Of trnsh and trouble
Governor Johnscn, q Geo xia, GENES up
fairly and squarely TO- this reoYisition. He says
to his State Convention that the restoration. Al
Georgia to her allegiance to. the Union 'sre-
Gnires that the act. Of secession be cancelled,
and that all other acts done and pc Horned in
aid of the rebellian be declared Void and Of
no effect" that the rebelloa and all its otliga-
tons went down. together, and cnght 10 be
buried in the sane grave. He argses earnestly
and powerfully that the best interests of the
people, as welhas the demands Of, loyalty, ne
qpire this thing TO be dcne This. 10 ne right
way to 60 10 work, aud South Carolina,
Georgia, and all the States concerned, if they
wish President Johnsoa,to recommend tn em to
Congress-, will take care to present themselves
before him for admission with a clean bill Of
health.
The New RING GAINING SrsENGrH.-Bcn
tlok ot, fbo -; hce