Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-01-06

decision Is good law-allowing the point con-
coded that Nevada is a loyal State Of the
Union-can hardly be doubted but whether
its effect will be beneficial or otherwise to
the interests OF the State at large, is q ques-
ton on which there may well be an honest
difference Of opinion. You will see that our
own Supreme Court has just made 4 decision
which, while it upholds the Specific Contract
itself, so restricts its operations to the posi-
tive letter Of the law, that an immense num-
Der Of notes and mortgages, probably one-half
to two-thirds Of all now falling due in the
State, are rendered payable in legal tenders.
l refer to the decision on the "Coin or its
equivalent" question, wherein it is affirmed
that the Act Of Congress, creating the legal
tender currency the United States Treasury
notes are equivalent for coin, disposes Of the
matter completely in other words, that the
alternative offered by the wording Of the
note amounts to the right to pay in green
backs, il the maker desires to do so. As
vet, there has been no absolute expression
Of feeling on the subject by the California
Legislature ut its present session, but it is
generally understood that there will be a
working majority against the repeal Of the
Act. have always thought the passage of
that Act IL mistake, to call it by no graver
name; but now that the whole attention OF
the great financial lights Of the country is
directed to the discovering Of the most avail
able plan for returning to n specie basis
on the part Of the Government, many
argue with plausability that the time for
the introduction Of paper currency, with
any chance Of bcneiiting the country,
has passed. On the other hand, it is
contendcd by the friends Of a paper cur
m o.. Nl,,k tba - N rnr Nbn INparnp,nnf panar
comes to u gold value the better it becomes
for all parties concerned, and the more rea-
son there is for its general introduction as 4
circulating medium in all parts Of the Union.
The question is, after all, nj longer ono OF
Greenbacks, but of the new National cur
rency system. 1t is beyond a doubt THAT the
National Banks will hereafter furnish the
currency for ninctccn-twentieths OF the
country-and the question now is, in reality
Shall we have two adverse systems in the
Union-onc for the great East, West and
South, md another for the thinly populated
and rs yet comparatively insignificant Pacific
States? There arc difficulties and dangers in
either course, undoubtedly; but would not the
creation OF such n diversity Of interests as
would invitably grow out Of the permanent
establishment OF totally antagonistic finan-
cial systems in the two sections OF the
country, from 4 greater evil than any which
could grow out of the adoption Of the oppo-
site course? Can We afford to maintain n
system which is every day weakening the ties
which bind us to the older States Of the
Union, and throwing the entire banking busi-
ness of the coast into the hands Of foreigners,
who owe allegiance to Governments antago-
nistic to our own, and have no sympathy or
feeling in common with our country and her
institutions
SWEEP, AFTER ALL.
When General Miller took possession OF
the Custom House it was generally under
stood mo play upon the word Gcncral) that
few changes would be made in the working
| force under his command. Yesterday, how
ever, there was a pretty full sweep made, and
| many Of the old attaches had TO make way
for old soldiers, many Of whom were wounded
in the service Of the Union, and some three
or four Of whom are cripplcs for life, on ac'
| count Of injuries received on the battlefield.
Some Of the old incumbcnts think them
selves hardly used, but the public at large
| seem to believe in those who took the risks
| and suffered the hardships Of the war for tho
| Union, being permitted to reap the rewards,
| That was the idea held forth BY the lOyaI
press, and by all the political stump speakers
during the war, and ] don't see why we
| should 90 back on it now. Amigo, my boy
you have no place to loose, and You can well
| afford to manifest n little patriotic feeling II
is not every day that you can indulge in sucl
~luxuries at so slight m expense; throw your
self on your patriotism, when you can do Sc
without costing you anything. That is thu
way Of the world, best beloved Of my father
family, and you may rs well be inthc fashion
as out Of thunder the circumstances.
II POSTAL ORDER SYSTEM
Seems to hang fire on this coast for som,
reason. | an told that the needed blank,
have not yet arrived from Washington, ant
| that Is the only reason for the delay. Thi'
system will cut into the banking system o
! this coast, in 4 very small way, it is true bu
I il may prove an entering wedge and hell
with other influences, to bring about 4:
gradual change. Adios, AMIGO.