The Daily empire. (Dayton, Ohio) 1865-1867, 1866-02-21
The Finances of the Country
. Present and Prospective.


probable-the early resumption of specie
payments by the Secretary of the Treas
ury. 1t Is alleged by some of them that he
is even now arranging his plans to that
end. No doubt the Secretary of the Treas
ury is making all the preparation lac can in
that direction but the sangunc men who
expect, within the next ten or twenty
years, to see gold and silver in circulation
rs they were before the war are doomed to
nr wofully disappointed. ......
suppose Secretary MCCULLoUGH had the
means, in gold and silver. to meet all obli-
cations of the Government as they become
due, ought he to do it? Would it be just
and right TO the tax-paying portion of the
people, who do not hold the bonds or obli-
cations Of the United States, for tho Sccre-
tary of the Treasury to resume specie pay
ments, thereby increasing the value of these
securities at least fifty per cent? many of
them bought at from thirty three to forty
per cent. below par at gold value, and ena-
bling the holders to draw, in coin, from
twenty-five to forty per cent. Interest annu-
ally ON their original Investment ma
We have too much confidence in the in
tegrity and financial ability of the Secre-
tary to believe that ho would adopt any
such course, were he in the position to do
so. There is one thing certainly, that will
have to be done before that auspicious
event occurs. We must elect a Congress
composed of men who can find time to leg
islate for TIM interests of the white people
OF the nation, and have the will and the
ability to deal fairly and honestly with all
sections Of the country, and who will in
iugurate measures for the funding OF, the
national debt, taking into consideration the
gold value of the Government bonds at the
time of their issue.
1t would be moAstrOus To impose such an
additional burden on the producing and
taX-paying people of the country as would
inevitably result from return to specie
payments before some measures are adopted
~ reduce the national debt to its par valur,
according to the constitutional standard.
We have 10 idea that the present Congress
will adopt any measures that will be 1inan-
cially beneficial to the oyerburdened tax
payers. Indeed, it seems to be their special
aim and desire to squander all they can on
the lazy and worthless negroes who have
been freed, as the grand result of the war,
by establishing for them Freedmen's Bu-
reaus and negro boarding-houses from one
end OF the country to the other-thus quar-
tering on the white laborin. men of the
United States from three to four millions
of semi-savages, to be fed and clothed
at the national expense. and out of the
sweat and toll of the farmer, the mechanic,
aud all others who labor and pay taxes
With such men at the head of affairs in tlc
councils of the nation, and filling all the
important Offices of trust and cmolumcnt
what hope is there for relief. financially OF
any other way? There Is no hope
liquidation and universal bankruptcy
national and inaiyidual--are staring us In
the face, while host of disunion traitor,
in Congress and out of it are moving al
the powers of darkness TO thwart the wis,
and benitcent policy of President JOHNSON
looking To a restoration of the Union by
bringing back the South into united anC
harmonious sisterhood of States n policy
which, if carried out, would tend In som,
measure, at least-by combining the labor
of the North and South for n common oh,
iect--to equalize the burdens that are nov
alAost wholly borne by the laboring anr
producing classes of the North. These dem
agogues aud destructives see nothing bu
their black deity, their ebony idol. lie mus
be ted and clothed aud kept in reckless idle
npsS while tho ywidoUS and nrnhans Of TN