Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-04-13
Financial.

We copy, this morning, a very inter
esting letter from the Secretary of the
Treasury to Henry G. Carey, Esq, the
distinguished Pennsylvania Economist
We infer from the tenor Of Secretary
MeCuiIoughs letter that he was In re-
ceipt of letter from Mr.. Carey, COM
planning of the sudden decline in gold,
aud urging the Treasury Departm ent
not to precipitate return to specie pay
ment lest it should ruin the manufactur-
ing interests of the country.
The continued whining of the Penn
sylvania Manufacturers for protection
and encouragement is getting to sound
very disagreeably in Northwestern ears
From the foundation of the Government,
large portion Of the time and atteAtion
of the different Congresses have been
occupied by the manufacturing interests
of Pennsylvania and the New England
States. They are, always, if we place
implicit confidence in the statements of
their mouth pieces, upon the verge of
bankruptcy and destruction, and unless
the people of the country are taxed for
their benefit, the nation is forever ruin
ed. II is quite notorious that the Man
ufacturers of Pennsylvanis and New
England have during the past three
years, realized fortunes, before which the
exploits of Aladdiu's wonderful lamp
pale into insigni6eanee.aa By the .un-
paralleled advance in all of their
articles - the taxes levied by the
Government in 3 great many instances
going into their pockets in addition
their wealth has become fabulous Now,
when there is a prospect Of decline in
goods, and indications are seen that thsy
will have to lose some Of their hastily
and easily acquired wealth by that de-
cline, they are besieging the Treasury
Department, and will no doubt b
blockading the doors of the next Con
gress, for relief from impending destruc
ton. We trust the representatives from
the Northwest win no longer be i'm
posed upon by this clamor. There is NJ
reason that we discover Why Weslth,
! manufacturers alone should be entities
to all the advantages of an extraordin
ary advance in all their wares, and b
protected from the disadvantages of
corresponding decline.
! Secretary McCulloch discusses tn
4 question of a reduction Of the currenc
in plain language and with decided abb
: ity. While he insists that resumptro
Of specie payments is with him q cal
dinal point" he does not propose
bring about the event by such q curtai
j ment of the currency as would prostrat
or ipjurioasly affect those great interest
upon the prosperity of which the Co
ernment depends for its revenue, IN
4 which cannot be broken down or severel
depressed without depriving labor of i
. proper reward. The Secretary is awal
a that, among those whose hahits OF pc
sonal indulgence lead them into pr
- tracted exeesses, sobering of ra
Idly is a dangerous experiment; b'
: dangerous as it may be, he regards it !
preferable to continued into4ication
The views Of Secretary MeCulloeh 81
= worthy the thoughtful consideration
ar all classes. 1t is very apparent, fro
his language, that he designs. bringir
: back the country to a specie basis at Il
earliest practicable moment consists
with the best interest Of all classes
+. community.
We are thankful to President Lineo
for giving US o Secretary OF the TreH
ury whose ideas are not hids-bound
be be an education obtained among the nan
4 E-.