Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-03-27

The Cincinnati Gazette, in . lAbored attempt
20 elucidate the antics Of the currency" OF the
present condition Of financial Affairs. starts out
with the following lucid proposition, or state
ment:
The amount Of money in the world is always
enough to transact the business OF the world.
This fact furnishes AZ easy solution TO the ques
tion. how much money 10 needed to carry on the
business of the world. which some people reflect
upon profoundly, as il there were something 70
be got out Of H. Whatever there il. will always
do the business. and the cry for more is never
satiated By any degree OF increase
And what l. the result Of the profound refec-
lions of this leading republican organ, which pro.
fesses, or We may more apositely say assumes TO
do the thinking of its psrty' After celebrating
its proposition 10 an essay of column and half.
il winds up It's very ssgscous reflections With the
following enquiry:
Can any one say that since we have issued
nine hundred millions Of currency, We have come
any nearer 10 the point Of supplying the demand
for money than we were before -
We reply nary red II the volume Of currency
was increased to double its present amOunt-say
eighteen hundred millions, the CRY would be just
urgent from the hungry spectators for more.
The sole object Of the leading spirits of the party
In power, seems TO be to make money. regard
less of the interest Of the country or the sacri-
gees which il may occasion TO the productive
population Of the nation now, or in the future
That consideration has not feathers weight
with this class of partisan politicians.
Our attention was directed TO the financial ia
sues or questions now before the country and
which should have absorbing interest, upon
reading lette- from Ma RICHARD CoBDEs, q
warm .pnyathirer with the general policy of the
party in power, which il we'll worthy Of considers
ton. He ssys. referring the financial man
agement Of the administration
"You will have a task sufficient 70 employ all
your energies At home IN bringing Jour finances
in order There is dreadful want OF capacity
at your head in questions of political economy
you seem now to be in the same state of igno
rance az that frsm which we began TO emerge
forty years ago. The labors Of Huskisson. Pee
aud Gladstone seem never to have been heard OF
by Messrs-& Co. Depend upon il that
as there IL no loyal road learning, so there is
republican path to prosperity. You must fol
low the beaten track Of experiece Debt is debt
whether on the west or east OF the Atlantic, and
il can be paid only by prudence and economy
and Ae distribution of its burdens
The war may end TO morrow-we NAY haV.
peace upon the basis Of reunion without the loss
OF an acre Of territory, yel the failure TO bring
our national finances into order. arising from
the ignorance OF ncapscity of the men at the
head of our public affairs. may. and perhaps will
cause US as nation more embarrassment in tho
future than the war has thus far occasioned US
Tho partisans at the head of public affairs pre-
sent no evidence Of having learned wisdom: from
the experience OF the pact, and it seems impos
sible TO make them profit by such practical les
sons. They cannot comprehend the idea which
Mr.. CospES sets forth. not az anything new oI
strange. but only as the teaching OF the beater
track of experience. that g debt is debt, whether
on the west or east of the Atlantic, and il can b,
paid only BY prudence and economy and wise
distribution Of its burdeas.'