New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-24

insure success to the republic. Its enemles
had to destroy or conquer its armies or
leave it Without the sinews Of war, TO ae-
complish their objects. They failed to
conquer and dispense our armies, but the
consequences of war have conspired with
their efforts to depreciate the value of the
nations money. With victory to the ma
tonal armies must eventually come peace
to the whole country, and with peace and
a return of our people to industrial pur-
suits will come renewed growth and the
accumulation of wealth, and these, with the
enormous resources of our country, will
soon dispel the efforts of selfish men to
tamper with its currency. All our people
are now interested in a sound monetary
system that will give to them a national
currency that defes the art of the counter
feiter, as well as the art of the money-broker
to depreciate. 1t can not be said with
truth to back the assertion, that the
present national currency of the coun-
try, Treasury notes and National Bank
Aotes, are not great improvement over
the system of State banks that prevailed
before the war. The money changers then
shaved our people on every turn and the
bank notes Of each State were more or less
deprecated as they travelled from the par
ticular locality where they were issued;
and it was no uncommon thing to find them
wonderfully deprecated in travelling from
county to county Of the very State that
gave them utterance. This was not only
great loss to the people, but it was the
cause of much inconvenience and the
source of much trouble and annoyance.
In addition, these notes were much more
liable to be counterieited, for they were |
not printed with the.'same care and cost to |
avoid this as are the present notes issued |
by the Government Under the old bank
ing system of State banks it was impossible
for the people to keep pace with the efforts
of counterfeiters to swindls them out of
their hard earnings, and it often baffled the
experts of brokers' office or a bank in
their attempt to detect the work of the
counterfeiter. Although signatures to the
present national currency may have
been counterfeited we have not heard
of the original plates, upon which
these notes are printed, being successfully
counterfeited. The work of making these
plates has been executed with the utmost
skill, and without regard to cost, with a
view of preventing, if possible, their being
successfully duplicated by parties who
might be disposed to initiate them with
view OF defrauding the people. In the
same manner has the paper been obtained
upon which these notes are printed, and
the printing is done in the Treasury build
ing at Washington with the same scrupu-
lous regard for defeating the efforts of those
who are base enough to attempt to forge
them. 1t is believed the Government has
arrived at a perfection in making these
bank notes that gives them as much safety ]
from the acts of counterfeiters as coin it.
self possesses. Then, with General Grant
in the Presidential chair, and peace spread
ing her beneficent wings over the broad
extent of our country and dispensing its
many blessings, who shall dare stand as an
obstacle in the way of its onward march
to that measure of wealth and true great
ness which God himself, in the plenti-
Jude of his goodness, has marked
but for it. With an honest aud .
economical administration of the Govern
nent, which General Grant will undoubt-
idly give us, and full return of the peo- I
pie to industrial pursuits what is to pre-
vent us from being able to resume specie
payment in very short time !? Nothing.
Il is burning disgrace and cheat on the
aboring classes of our country to allow L
is money to be longer deprecated by
let of land-sharks here, who have con-
pired with foreign enemies to undervalue
he national credit. There might have 8
,een seme cause for this when the nation i
vas plunged in huge civil war, and its !
PRODUCTS seriously curtailed and its wealth !
'eing destroyed. This, with the vast ex-
'enditure of money required to carry on
No wall was Ooi IaiHly q Chus0 IOE us enc r
MES to pretend to doubt the solvency of
is credit, and thus destroy its means, if \
possible, of successfully prosecuting the 4
anne. But that time has passed and the
lation is emerging from its sad effects. The
nan who conquered peace at Appomattox !
will take the helm of the ship Of State on
he fourth Of Marchnext. Then we may ex-
'ect to have peace in reality with all of its
blessings. The following extract will help
o show that the country is prepared to
esume specie payment:
We see by the report of the Secretary of |
he Treasury that within a period of three !
vears and seven months the receipts of the
Government from all sources of revenue
cached the enormous sum of 81, $50, 1856 4
'62 20, and that $3.50, 43l, 125 80 were paid 9
IN debts which were actually due at the \
lose of the war and for bounties, which, a
ike the pay Of the army, were part Of :
he expenses of the war. Adding the amount
hus paid to the debt as exhibited by the {
books of the treasury on the first day of
April, 1865, it appears that the debt of the
United States at that time was 90 nQ7 Qpa i