East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1865-07-12
A WORD WITH LuMBERMEN.


peculiar disorder that affiicts the lum-
Der trade. With your permission I
will examine the case with view to
the discovery Of the required treat
ment; and will confne myself to
the brieEest space compatible with
thoroughness.
Wherein lies the cause of the pres
ent utter inaction in the Wholesale
lumber trade r.,
If we, in seeking, should find a
sufficient answer to this prime inquiry
in the present condition of the country,
or in the public expectation as to its
future; in the present or prospective
aspect of the general trade of the
nation in the financial situation, or
in the relation Of the two fundamental
conditions of trade; viE-of supply
and demand, then the suggestions OF
a remedy from which immediate re-
suits could be assured, would be diff
cult indeed.
But the war is practically closed,
and the rebellion is crushed; the in
tegrity of the nation, and of its insti-
tutions, is vindicated, and their perpe-
tuity assured. So the answer is not
in the present, nor in the fears for the
future condition of the country.
We have reached the firm ground
of peace without experiencing the
sudden and radical revolution involves
and the consequent revulsions in trade,
so lugubriously predicted by the mel
ancholic patriots pending the war
The change in commercial values has
been gradual and the business of the
country has accommodated itself with
such facility to it, that instead of re-
sulting in particular or general disas-
ter, it has borne the constant fruit of
success.
And now the exaggerated has ap-
preached SO nearly the firm basis of
the real, and the conditions compell-
ing something near their present re-
latisns, are so fixed and 80 certain to
be in force for years, that but little
disturbance to business is possible, or
apprehended, from that source.
g Indeed, what intelligent business
man feels any anxiety about his bust
ness beeaase Of any further decline
in gold J.? Then the general business
of the country is being pursued
smoothly, and in large sense pros
sTOsreHa F dS not qn RIFF enc amt in tbs BE-
sought In the present aspects, nor the
promises of the general trade of the
country.
The Government has taken charge
of the finances Of the nation. 1t has
inaugurated permanent system, and
is supplying the people with a sound
currency money that is good all over
the Union, and profoundly confded
N by the people. The public credit
of the Government can only be main
tanned by prompt and complete pay
ment of the interest upon its vast
debt. Whether the Government can
then meet the demands of its creditors
depends upon the ability of the pee
pie to pay their taxes. The ability of
the people to pay their taxes punctu-
ally, depends upon the prosperity of
their business. Thus it is perceived
that tie Government is vitality con-
'oerned in the devising and continuance
cf such conditions as will best insure
the utmost and uninterrupted pros
perity of the people. So it can be
definitely decided that every dollar of
money required to meet the largest
demands of the best expressed bust
ness energy and enterprise of the
nation will be promptly and constant
" supplied. In proof of this view,
we have only to refer to the publicly
expressed purpose of the head of the
national financial department, and to
the daily report of the money market
in the great money center of the
country. There the supply for all
legitimate uses is ample and constant,
and interest, as necessary result low.
/ may remark here-not because
think it has very much to do with the
price of lumber-that specie payment
will be resumed where the currency
can be converted without producing
scarcity of money and consequent
depression in the active business of
the country sooner.
To gain this view have not gone
beyond the domain Of actual fact
and inevitable inference. From it we
are compelled to deduce a reviyifca-
ton of business energy and enter
prise throughout the length and the
breadth of the union; and when the
people of this new world arc stimula-
ted to unwonted activity in the pursuit
Of business and the result is unusual
prosperity, then we have the most