The Portland daily press., 1867-01-16

n
while ad,nitt;no Tho os.,. ,s ,,,,u,.u.,, a....-,
'.s ."'.' " iieiesSeu uuties
anu taxes anu an ihiated currency In creating
and sustaining high prices for commodities
calls attention 10 the enormous consrmntion
q, tho nor as a. oaa;.;a.., :.
-'e ""' % "" auui''onai a9ency Ia pro-
ducins tne same result. indeed 1t Is evident.
that it the supply Of goods be diminished and
the supply OF money at the same time in
o.oosod Tho o,o,,,,s ,,,;,, \, ,,,,,..,,
'.s sooU' "iii oe "or'n nioie anu the
"oney VIII DC worm less, Doth operations
tending to produce and maintain high prices.
This has been nreciselv o,,r exnor;onoo !. .ho
% 'no
hiioones correspondent thus proceeds to
show:
Tho ,,,ro,,,,,.. .,...
honoht ,i3t,o ns ,Ia ow,a men IN au I'tnerto
t,,oi, host n,,ot, ~ peop.o, az az olce pecaile
@asarD,1aot 80 oo a,.so,'s,:, anu .hose wnon tne
slso became olp.at nonsna.n maue sItueniy risn,
ohos. - LII q So eonsuinels neeus no
sha oo'n,,.,, ,sas =. a' ". We plouuc.ve Isrce lh
sno Souy was s9' u molioh py the war; lts
ua,a II, j., aot;.a u ,as. ~. a prouues
con,d ha ra;sod o. 's,nda ua. .s E'ery.nhS that
chaser ot h;gI, .,,a ,;a:ss .s.'; ieuy puI-
facf,,ror ~ sra'' . - '.iS Pii.es ing niahu-
of iaathor tha ro;s moo ~ e1''on' u wooi,
Grain the mh,.,s ~ -, po.s' =, peei, .,
lead. The owners of ra;l,oads and C1oppJIt 1"I anu
steamers factors and msrchants ,,,i,i,', , anu
and laborine men. ali had their lahors s,i,nni
lated IN the ntmost av,ant Euar,'L,,.I,' ..,,
eted stnnendons nrot;ts snd =, aa,,,e pm poon
hodv oot ricb pova.1t 49, =, oooi'e eseiy-
n,nch "a and oft'o ,,n.o ~ ssen's .ook as
chasars comh;nad Bo,nt .nsa an o.nei puI7
erad on tl,a ,un,Ein, no,.,,,S lonoy vas SHOW,
cama i, s,,. 'ha pyp'.alloil, a,iu lnese All
Then came that o Soiuon harvest.
st,anao y, :. IL, s,.ai',ss now
wavs sx,,ans,S 80 'i.ss. .',a. wu, which IL
it's cbaractar for ~, ,,sa snoulu cnan5e
and nlentvI How doaa !. 80 PaosPerlty
morey. All we see n is ~ ,,,t.;o, ape, dpe,
n And hare ,,,a COO a. - .I "en uoe'
nonuiar delusion wbicbast;ll holds ona. srea,
Of the n,blic mimi Tha ;ns,s.s IS .t'n
diffusion of pronerfv was at tho start az,
founded with The ca1sa of n Go aood - sD,',,
hundred millions of naner monsy ey.,a;,ooa
Thaddeus Stevens that we shon,Id haua
thousand millions of II. -
Ti.is extraordinary oonspnnt;o,, oe,>,o,,,,o.,
was of itself sufficient tn enhance n,;ieS in a
most impor ant decree. whateyar the cb,.ao1
ter or yo,nme OF the money i'm circnlat;an !,
was great enough 10 raise nr;ces or ,nany
articles not only here but IN ali the nr;nc;nsi
markets OF the world. The jmposifiop of hich
duties and high taxes was. OF course. another
element in the increase of pricn of co,no,od;
ties, and another was most certainly the ex-
cess OF paper money. 1t is, perhaps' no won
der that while these agencies were actino in
concert, the public mind did not discriminate
closely, and did not look beneath the surface
to measure the exact influence of each. Pa
per money was plentiful, and the plentilulness
made high prices. 1t was not necessary to go
further TO account for what was occurring
1t may be asked, II these views are sound, how
try have, until recently, suffered no abatement
since the war ended? How does 1t happen
that business has continued good and that
prices nave kept up since the government de-
hahd eeaseu' r
:, Oulsiae the paper money men, there are
.hose VINO nave enueaVofed 10 lnd the cause
IN solne hlliacuous powers Oh our Nation over
Gsoiy osnel, ia .S eapaciues oi consumption.
~ .no seeonu pitice, IL Is imputed TO the hab
s,;a, ~ =, u ~ osai prodlsahty engendered by a
Pe.iou VI Wal anu unusual prosperity, and the
Ss.S,u .ss nesie1t VI tne OLD economies OF living.
II tuo ..inu piace II Is attributed to deficient
Plouuc.ioh, caused by the destruction OF SO
lnany nVes In ihe war. The first OF. these
suSgesticns Is merely dream OF the bubblers.
Inc second Is very small cause 10 assign for
very great result. The third seems to have
weight, but really possesses little soundness,
The productive force of the country in eve
rything but agriculture. and to a larce extent
Ill that, is not in muscle. bnt macbinery. But
the men we have lost bv the war have been
nearly made good by emigration. while our