The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-09

bers Of Congress for his opinions in regard TO
the national finances, gives them at length
in a letter TO the Journal or C6iazHeSos. We
have not space for the letter We quote,
however as folIoWSs-----.--s
would make no special effort to reduce the
principal of the debt. I would rather reince
the taxes as much as possible, ana let the
debt, for the present, be reduced in compare
population. Simply anthoTize the Treasury.
when = has a surplus Income, N buy the
look upon an the attempts 70 negutia1e n
at present. We are every day issuing fiYe-
twenty bonds on which the interest Is SIX per
cent IA COIN, AID winch we eannot. sell a.
The question Of what TO do about taking in
postponed until NE have INST brought Ihsse
notes mp TO par which wiz be dome sooner or
I do not believe any oniciai can, decide how
nueh currency or money the people need in
their bushes When the money Is once
cy of the world, the operations OF trade win
solve that question yt-r
ments, nor to dx a time for them, but leave
them TO come about naturally. 7.-rr-s-.s-
The Treasury has had since the war, and
has now no fixed policy. What IL means 10
do from day TO day is matter OF conjecture:
the result IS uncertainty and doubt in the
public mind to dangerous extent-danger-
Gus, because uncertainty and doubt may
some day dpen into distrust,
II WISHES 1uSptEG confidence. tina policy
of the Treasury must Be simple, comprehen-
sive, direct, plain, open and permanent This
is almost as important as that it should be
wise.
There IS no need of any complicated ma
chinery, such as Is commonly known as
hnanciering. It IS safe, l thiuk, TO assume of
any scheme for our finances, that If II is com :
pltcated it will work badly. ~
The simple idea Of what propose Is this !:
That as the Government has a large tndebt-
edneSs, IS not in full credit and much of its
Indebtedness Is In the shape of short obliga-
should, as an individual or hank would do
In Ike circumstances, keep very fnlI purse
II this scheme be once adopted by the
Treasury Il can safely thereafter lat things
aloneI It VIII have no occasion TO watch the
prices of stocks. The hanks and the people
viii take care of themselves If the Treasury
rne itself 10 strengthening aud guarding. is
own credit by attending cIoerIy and caIeful-
ly TO rs Is Own proper concerns
- r-----.--
nsE The Public Debs - .'-.-.5
The following Is the onicial ststeneutortbe
public debt Of the United States on the 1t OF
March, 1867: -r---il
DEBT BEARING COIN INTEREST. e. notifies 2
5Per cent bonus. SIZE. oSI $50 % f.srEET
p 81 isSS and 1sss. l5.s7s.4a So
per cent bonds, JOBS
:.6ondsls--... a54.sasOoo %
Navy pension
- sl!,40l. s15la 50
TEREsT. E1F
Per cent bonds, Si2,Sa2 600 90
S-yeaT compound -.-sy-s--FC4 - f.g--- Or
Interest notes y al. 35S $50 90 = s.-aa-i~ %
- ~, no. eo,5 see:S2es2 = 7soso %
Psyment;-:;;,.;-:,-.:.;.:-. I4,s7s.9s on
U. y. notes.. Is 628 % -5 -ll-l.i -
Fractional cur -lTS ~ ya--i- ~ ~
Tency ..--.-....-. 29y5l4.T2 % 5ti.ss-l-|
Gold Certificates = - =lHtg-.r
OF depositl...-..- 1875 ,I8O 90 .lus... flii
--2----I2 "a, I9sss a.
Total debt. --......-..... 2s0O5F,9 ls
Am'nt in Treas tst
ury, eoln....----. SLOT III ,o5I II sa-
Am'nt In Treas stt -lH
ury, currency 52,sa.sSs n 1u55
Amount OF debt, less cash In
IreasuE i9oSses -