The New York herald., 1867-04-06

ans1nA or spseAs vaaus a NE shaa needed or
which can be supported BY ihe United States while
RainsaiHine = the sAme time healthy and active
d.oa q s.ds aea industry. and ooonning importasions
NJ hsSs sssss nSss shas ths nominal value or our
paper currency about q 500 sscoad. that the
ihs sspply ,hi!d th.s IN iss7 the value o. ths cur.
rency Was S27A 600 or more than the nation could
hs value oi hs carrsacy was ss4s do in isse Or
more than the hAtion could sustain, and that
sy here aas on the Is. q January, 1890 the currency mc
oesdi.siy snsossd eosdtcn that there were re unais-
yslasl for The nsnal year ending in 1850 Fourth We
' 70 q s. ysas q
The cursncy above its natural point reErt -'t4@'
o% Ss,s v are then s N
casin! Or dspIscIalins IN value not insrrsrsd win:
Of all products Of labor higher than ever before known
IN ths country snstsn currency Of more than the
any attempt 70 increase the value Of our currency be-
yond thb sum Will bring universal ruin and bankruptcy
ass e. oss .Ss ;ss the anal ana
With currency then or the nominal value Of
ooo ought nct he premium on gold torss Y
can support currency Of the value o. eeo0 eoo0 900
specie value, ought not the currency 70 deprsciae @
worth than forty cents on the dollar on the basis
o. supply and demand, which . ths true regulator Of
forty is not the Secretary the Treasury making
currency amount in the aggregate % more than
dollars specie valusf h he nos trying % make
the people. use twice e much currency as they
Il he not gnorany OF Intentionally. patayxng the on
srges OF commerce, roofing out manuiactares ana
oyus hs rsysnuss Of .Se
the industry Of the nation separating capital from labor
throwing whole masses Of our iabong population out Of
employment, bringing about universal bankruptcy
individual and nasicnaf u he not expeng our bonds
from the country by millions and millions Of dollars
Debts held Al home simply debt from the govern
ment 70 the people and represent: only the waste OF
debt fom the nation 70 foreign naons and does II not
while sti representing the waste Of war; represent also
the w.s.sful consumption Of q foreign Injuries We
81 ons ss T. ny e % % e S & !. VI aoas =
shared By leading men in Congress It may Be, for
aught we know, the last card Of debauched admins
Ss E. e sPVdse @ q
bla How does he know itf What makes him think
sOY while inveigh,ng against radical consressnen q
ZIONIST, in selling gold and making the currency worth
twice It's natural vaoes In destroying the revenues OF
issue Of legal tenders has not Secretary himself
become the great inationistf Under the pretence OF
con.rOng spscnlasor !: not the Secretary himself the
me currency of this country mus be allowed TO de-
preciate % about forty cents on the dollar or II will
human power can maintain currency in this country
much beyond the value Of $500 600 specie the
several rsaso6s; thsrsfo must be contracted value
without delay. Besides shere y no time . lose; the
hurricane vl burst upon us q: long and l:vsl every
thing In its course According - The ase debt state
lions during the month BY What nsaas was this
re sgP ss q % me ss ss Sc soes
bonds conacs his currency and fund what h did Of
s ss ~ .sy a's % & = sss Ssss
destroyed BE rsssr relies on the fossgn demand for
our sssSss We n.sd no: ssesss how prsoarous
citation Il she oarssncy, icr scc apparent thai shis
that makss our financial horizon = back as night
Finally We en- upon Congress 70 resume its powers
" e
persist the shameful breach Of trust By abdieetng 10
: %: iS ose ! " s
pubic funds el be done pursuant 70 written NV Let
Congress psrsmptcry order the Secretary no. 70 sel m:
II ~SSn eod Wsss np to sss which sss xss
psopis oos .Ss cs.ucs OF Ss o
with almost marvellous npidity; the enormous army
10 Ss sndns 1885, ssd ~
dussry was all alive and the peo?ls paid nearly
.ss's ~. Sss the e
the cose OF the instead Of 70 he true
traction Of the value % currency
hacks can be avoided IT the funding process ID facili
tated as with be by the rise In gold 4 may not be ne
for the Industry Of the country win soon revive and the
pour ia with its accustomed abundance II we
desire 70 turn the balance Of trade in our favor We must
hoard gold the the Asiatc nations do. II is not
probable that gold will Be scarce - not TO be available
for payment Of duiiss IL IT does the Secretary can be
authorized TO discount gold interest coupons maturng
during the months giving therefor certificates
Of deposit receivable for customs only The national
banks should oe prohibited from selling lending the
eold interest," or the coupons their bonds and be
qarcd 70 heard gold preparatory to the redemption OF
their own bills when the time comes for the resumption
of specie PAYMENTS II Is not probable that there will
any scarcity Of gold for payment OF duties because
payments OF the government will increase
and 's this Is another reason Why The treasury,
should hoard gold. The rise 10 the premium on
sSa Ss eusney 1ns o sS interest," bearing SonGs
Notwithstanding the supply thereof is being In.
importation because virtual and instant consrac-
money became very Stringent United States cerncasss
rency selling al o. While The six per oent gold bearing
bonds we're ~ Q pTemium. ~ ftt@A -f4
9s n.s., Ss.a: ;sSgs y no 70. Ss ses: . lend
. reach and d'sappses. We must board gotd Hr
The 2, a. oar public dss ss Arr: thing
Ss Sa: Ss.s p s %: @ :sS % e s T. ss sss: e
Tss ss S.Ss ss Ss % n sr ~s -
70 bring back the bonds ron Esrops sihsei payent
for merchandise exported, or they must b called
and psid Oh in legal tsedssAe according 10
stocks and bonds Of various kinds held abspad,
e a annual interest," charge Of noe Len thal
oOoo, 600 gold The United s,siss bonds Are. or
shortly WIN Be within the CONTROL q the Gov0umsns Il
prsposssrose, IN our iudeRsoh 70 nppees thA. !hs
con Ts Law does uot require ~ hs intsssse OF the
tax payers and due regard for thsir righss in the
premises win mot psgmhh A. things are gong now u
But II she disastrous tendency can be checked they
can b redeemed legal tenders without violating hw
order 70 funding The debt because win b impossible
70 rssane specie payments while they are 20 nsll
when The debs d funded, and the bonds now held
sbro1d broueht back and paid Oh With the strpios