The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1865-07-26

reasonable in their request that Mr.. Nc
Culloch hall ten them whether the
price of gold is going up or down;
whether its price will be ITO or $50 with.
in the next six months-that is, whether
greenbacks will be worth 80 or 40 cents
Whether the yard-stick Of thirty-six
inches, or measure for values, which is at
present about twenty-seven, is going to
be made by his policy within the next
six months thirty-four inches or twenty
seven inches OF fourteen inches! To
those who buy and sell cloths, cal
icoes, and silks by the yard of thirty
six inches, it is somewhat impor-
tant to know the number of inches
which the act of Congress shall decree
constitutes yard. Those who buy and
sell for greenbacks are precisely IN the
condition of a man who buys silks by the
yard where the government has arranged
a system by which the legal yard iiuctu-
stes from fourteeU inches up TO thirty
inches, from causes ia regard 10 which
the government does all IN Its power to
keep the people ignorant. The evils OF
our paper-money system are aggravated
by the illegal concealment of the condl-
ton of our public accounts by the Secre-
tarv of the Treasury The people want
a statement of the public accounts pup.
lished at least once Il month, as the act OF
Congress requires. If the Treasury De
mart m emit has been short of money all
along, the people have ii right to know
il ii is better for all interests that the
truth he known. The department has
received since January |, about S600,O0O,-
900 from loans and about S2O0,oOo.oo0
from internal revenue aud customs. MAX
ing the total receipts i'll cash over $500
OOO. 900 in the last six months; and III
addition thereto il is stated that certili-
Gates of Indebtedness for 100000, GOO adj
ditional were required, making the total
PAYMENTS for six months over Sl.l0O,UO,-
600. Are these figures correct The
people want to know Also, is it true
that the money market has been kept
artificiallv easy, since April, by an ennr
nous amount of undrawu government
funds in the national banks and other
repositories If so, when does Mr.. Nc
Culloch intend to withdraw these bal
ances9 Also, how does Mr. McCnlloch
propose To meet the accruing Liabilities
until Congress meets i'll December The
seven-thirty loan may he considered
as now closed. Does Mr. Metal
loch intend 10 pay only III the iu-
ture certificates of Indebtedness, and
does he intend to draw down close all the
government funds in the national banks
and other repositories! Every merchant
and every property holder is interested
in knowing What Mr. McCulloch intends
to 90 IL lard TO these matters, because
lnowlcd.e thereon tells whether prices
are likely TO advance or decline, aud
whether rates for loans will be low or
high Nobody possesses any intelligent
Knowledge on these matters excepting
Mr.. McCulloch, and yet every citizen has
the legal and moral right to he informed
on them as fully and as early as it Is pos
sibe for the secretary TO do 81. Ii Mr..
McCull0ch finds that it is impossible to
contract the currency, but, on the contra
~, that he will be compelled 10 ask for
more in the shape If S300,0iN,Oo0 add
tional of national banking capital for the
Southern States, it is his duty to let the
people know. Ifthe practice OF Califor-
nia-namely. buying and selling only for
gold and silver-were universal in ali
the other States, then gold gambling and
the fluctuations in the price of gold
would be impossible, with til, losses to
legitimate traders incident thereto and
much of the present popular anxiety
would be unnecessary. When will Mr..
McCulloch grant his fellow citizen, some
little knowledge on these matters by pub,
fishing the statement of orr public debt
required monthly by act OF Congress,
aud due July
The concealment policy of the Treasn
nv Department in regard to orr national
accounts has caused some lack of conf
dence and calling in of loans, and an adj
vance of about one per cent. ill the rates
for loans is the result The excess of
loanable funds is, however, largely in eX-
cess of the demand, and although there
is an increased disposition to buy rail
road and other dividend paying Securi-
ties, yet loans are readily obtained on
them as colaterals at five to six per cent
on call, and seven per cent for fixed dates.