The day book. [volume] (Norfolk, Va.) 1857-1867, 1866-09-28
FINANCE and Currency.

The aCLual current revenue OF The Federal
Government is considerably over Five Hun
dred Millions of Dollars per annum: its expen-
ditures, including interest on its Public Debt
and the payment .i One Hundred Millions
of the principal per annum, are considerably
less than Four Hundred Millions. In other
We ds: we can pay every current charge
against the 1reasuary this year and yet extin-
guish more than a fifteenth part of our Pub
lie Debt - -
Is it not monstrous that the six per cent.
bonds of such Treasury, payable princip pal
and interest, in gold, should be hawked about
our own and European brokers' shops at less
than seventy-fve cents on the dollar? Is it
not frightful improvidence that these bonds
are still going on to Europe by millions per
week, and being sold at such a sacrifice to
buy silks, laces, gewgaws and frpperies that
we do not need and might far better do with
out? And is it not National disgrace that
this country, in time of peace and while pro-
ducing Gold and Silver at the rate of at least
One Hundred Million per annum, should toll
crate an lrredeemabls Paper Currency, made
up, in its lower fractions of the nastiest Shin
piasters that ever diseased the human cuticle?
How long, Q countrymenl how long?
We clip the above from the New York
Tribune. That influential paper does not seem
to perceive the cause of the depreciation of
our six per cent. securities, aud asks if it is not
monstrous that they should be hawked about
our own and European brokers shops at less
than seventy-6ve cents on the dollar and
winds up in the admiration style--of asking
how long ! how long Just as the Israe!ites
of old did of Jehovah in the severity Of the
chastisements which they were made to I'M
dergo. ...l. j.
The matter is not ''monstrous at ALL 1t
is the result of laws, as sure and certain in
their operation as any which exist in the ma
terial or moral universe So long as this
radical agitation continues, and the unsettled
state of the country is prolonged by the Gin
fernaIs," who are seeking to rend the garment
of the South and to cast lots for her vesture,
so long will the government six per cents
continue to be hawked about from shop to
shop, of the money changers, in America and
Europe. %
Yes. verify, it is a national disgrace" that
there should exist such a party in this coun
try, whose acts Of disorgahization as manifest
ed in its persistent opposition to peace and a
return to the industrial pursuits i'll the South,
with a feeling of stability and security should
so contribute to the depreciation of the ma
tional securities, by causing bankers and men
of capital in the United States and Europe to
hesitate 10 invest funds in the securities Of
the government, except at deprecated rate,
while that government exhibits state so un-
settled by intestine strife and contention as
may lead to rupture, such as may always
be expected when the 'devil is loose, in the
shape of rampant and roaring radicalism -
''How long countrymen ! How long 2"
just so long as you continue to make war
upon the South. Just so long as you contin-
ne to Stir up bad blood between the sections
of the country. just 50 long as you utter
false statements OF the existence and preya-