The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-19
Absurd SpeculatiOns of the Rebel Press
ON n Revolution at the North,

Absurd speoulations of the Rebel Press
on Revolution at the North.
From the Herald.
We notice that some of the old Rebel news
papets of the South, which unfortunately still
maintain an existence, are trying to draw con.
ISOLATION from the expectation that the North is
about to go through a terrible financial revul
sion With bitter feeling against the North,
and blind to their own interests, these imprac
ticable and incurable Rebels seem TO have q
vague sort OF hope that financial crisis may
serve them or their exploded cause. Now, we
take the trouble TO inform those silly writers
that there can be no general or great revulsion,
and that il there were to be it would not help
them. Nor could the persistent resistance Of
the Southern States to recon3Tuctoh ol I,l Ine.t
prolonged exclusion from the G0xernment
bring about such a state OF Things Ine SouJn
would be injured, its produGuye power para
ly zed in q measure, ana the Nortn Woulu suuer
TO the extent OF losing so much business and in
the heavier burdens IT would have to bear; but
we sho6ld go on, Notwithstanding, in our
mighty career of progress and prosperity. We
want and will have the productions OF the
South: and II the lmpracticable Rebel southern
ers oppose restoration, and, therefore, tie de-
velopment OF their country, we VIII sweep them
out ol the way. But neither our prosperous
existence nor the prevention or reVulslon de-
pends upon the South.
There are a good many silly people at the
North, TOO, who sometimes talk OF coming
revulsion. There can De no revnison Wnlle
the volume of currency is abundant ana IRE.
deemPb BILE in specie. A few people may fail
through overtradlng or imprudent management
of their business. This occurs at all periods
and in all countries-in speclcpaylng times AS
we'll as at other times; but 1t Is impossible t0ere
should be ANYTHING like general financial trou-
bic. We are liable to such disaster at any
time when specie alone is the legallzed cur
rency, because when foreign exchange is largely
against us and other countries draw the pre-
cious metal from us, we arc lett without suili-
cient medium for the purposes OF trade. Thls,
as every business man knows, tends 10 create
rcvulsion. We know, however, that foreign
countries will not draw away our paper cur.
rency under any circumstances, so as to make
the least perceptlble impression upon our inter
nal trade and commerce. Revulslons occur for
the want OF money-never when there is good
and steady supply; and our legal-tender cur
rency is as good money as any other-as gold
itselt-for all the purposes OF internal trade.
Besides, the country Is In healthy, prosperous
condition; we are developing our resources
more and more every day, and we are ap
preaching, rapidly as it is heaithful to do so,
specie basis. -.--,-.-
give up their silly notions about the North.
They said the grass would grow i'll the streets
of New York for the want OF business when
they started the Rebellion. They see now how
absurd their views were. Let them learn from
the past to be wiser in the future. If they will
be revenged upon the yankees" we can tell
them how to do 1t. They have richer and more
varied resources than the North, and if they
will follow the example of the Yankees, and go
10 work in cultivatiIg their lands, opening
their mines and establishing manufacturers
everywhere, they will be able to outsell the
North and tie rest OF the world in almost all
the productions of the soil and labor. That is
the way TO be reven9ed, and we shall take such
revenge in good part We hope they may have
the good sense to drop their nousenslca and
useless hostility and political qubbles, and take
our advice.