The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-25

l.4
Tho col tonnage Of the sovsn principal coal carrying
ooupau y. PsansyNanls this year thus Get down in
comparS0k with that Of each last years
Philadelphia and Reading. .8,o90, Sls AnAeS4
/ 'ehuylkin Canal -..... ,0lI,5sA zy1 Uso
L ahigh Valley RR......... L1o2 M5 ,a1s saS
"A s ss,s e. Issi w::;:;a sas s s Is
Psnnn ivsnia Coal Co.,. 6lseAs lsas3I
Int, .................ssaasse HOS, 500
! ~ sddiA g ths tonnage Of the Wyoming and North
Branch cana IT, and the Laokawanns and BloomsbuIs,
snamot,n v.h -, Trsvsron anl Lyksns' Valley Rail-
rs.s "a, -. =. ~ lsoo the Philadelphia Ledger sayh
the ooaI sned 4, the anihnoits territory Of Psunsy
vsna wilL bslis> - ssaoh some snssa nileas q
tons
The Pit.sSsrr, yon Nyyns and Chicago Railroad
earned IN Aeysnbsr lsee.. ~
Novennss' ASeo.. i''' '
\ Dessass shls yssr esoele
Ths ssm'agp fIDn yaausv y aovsn0es - -.
ccssssDc.in. D;;sd i. ia; ssSs
Decrease in eleven months Il 1854. looaa77
The earnings x ths CsvslAad and PistsbsA' haroad
fes Scvsmbss 49, slnosntsd -. ~ ~
eossno1' ...~ : -
Dscssass fAis ysar.. e1gea
3hs Bosaon papsn stass Tim the aissdtasrof ~
Hoover Brunch n6vs sonplsssd ~
-cosmct 70 build shSB road n YIN b coonsnesd IN
bwdAys, md ~ sAs spss1ne 81 ssnmss NE rod -
sviIRbs ar savancsa tSwaBdD cUnplstloa f
TSs Michigan Csntysa Rsiiwsv oompany Asvs declared
ssniaDnuai dividssa o. avs per cent me- Of tar.
tue lower house or Tie south Caroline Legislature
paused on the 18th nsaas We bill renewing the STATE
guarantee on tho bonds a. ths Osssnvs and Columbia
Railrosd for u $50 00o WIN additional guarantees Of
another $50 00o They slso passed bin guArantssins
the Of the Columbia and Hamburg Railroad 70 The
amount Of 100000 and authorizing the sanssr 70 Il Of
$4,000 Of the bonds Of the Charlotte Road hold By The
State. saAs @saeg a6s kea stse {ss ar4 sis 4
TO THE EDITOR OF THB HERALD.
In his annual report The Secretary Of the Treasury
ys me regards redundant legal tender = the prime
cause Of our ananciai diceatiea y would have nsea
financial dif1cultess wsfs DO found and IN what
they oonsis IS he had pssviousy given most glowing
csssd IN revenue sss q moro saa his previous
estees had paid $n6 s7s $50 Of the public debt
statements In the highest degree encouras
ngthey are conclusive evidences OF tho greatness o.
our ~ noS ~ ou abd aSyd y
the reduction OF our national debt" "The wonder ex-
cited BY the rapidy with which u was created y greatly
exceeded by the admraon at the resolution Of taxpay
themselves that 1t shall be speedily extinguishod
Again: witn proper economy IN si the departments o.
that IT," AftsrSuch statements Il would seem
somewhat difficult disc0ver where our Financial DIFF
fcuItes' exist Your correspondent would respectfully
inquire What except the Of said "Iegal tender
enabled government tpe debt the rapidly OF
which excited % much DiS nos ssosssay
by loan the necessary means to carry on the war un
CONGRESS authorized tho tissue Of "lega snders Then
currency that created ls IL not In fact fraud upon
the nation 10 compel its payment 10 sny other uan tne
possible for the secretary At once q aunhsao tho hole
circulating medium Of the country. In such evont
s1s ss5y 3 s =:
Of The means Of paying Ne debl Thens . not
with winch the dsbs -wss csesied moral sssasoaf
IL notorious fact that the Gnount Of laga tender
proposes Withdraw has produccd agnation ~ bus
and partial pvostEaton OF productive labor the
Secretary K. .v's . ~ nssa e
n rendering 'incrsassof labor IN impossl6sy That
curtailmeDE Of curFancy causss cuftgimont Of con-
sumption inexorabe Law that curtaed consump.
ton curaied demand for the products OF labor
equally certain; that cuftaied demand for the pro-
ducts OF laborto equal exentdspryes the lnoorer
OF employ only natural law bu. solfcvdsnt
While IL is clear "a the MONDAY sun that
the Secretary pursuing the above prccsss %
need Is increase OF labor" The SECRETARY sAys:-
"The United States notes intended 70 meet tom
poary emergency aud TO be retired when the emergency
had passed True but what that temporary emer-
geucy9 Was IL not 70 facilitate government BY loan 70
I. wil that cmcrgency have passsds Answer-whcn the
rebellion ceases and the loan repaid not before The
Secretary considers Legal tender inconvertbls cur
rency. Pray, does he consdcr gold coin also incon
vebIe currency? Is the present legal tender cur
equally as convertible a. god into Al dsscrgsions
OF property, into all the prodncs or aborf VIII be In
form us Ia what consists the diferencef
Al this lie al tender II tbs standard OF value, and
gold being demonstrated Is longer the standard but
an article OF merchandise Aud this standard, this legal
tender what the Secretary proposes 70 annihaiche
very life aud soul OF the naton's prosperity.
Query-Is national LEGISLATURE ready for he sacri
hcef YOUR FELLOW CITIZEN.