The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1869-06-06
THE FINANCES.

So
The gambling of the stock jobbers to
keep UP the price of specie or the price
Of arvtbing else is too fictitious a basis
70 resist an abundant supply O. de-
nands. On this Secretary Boutwell, Is
acting. He fluids what purportS to be
demand for gold on Wall street and
forthwith attacks and subyerts the con-
spiracy of the gamblers by putting
twice the amount of bullion upon tire
market that they calculated upon. Then
gold tumbles again. This merely IL
illustrates that the precious metal is
merely commodity. Cold must come
into the Treasury because importatiCnS
continue to yield vast revenue il gold
and there being an influx Ct gold in
excess OF the ar4ount needed Tor the
current outgo to meet the interest and
redemp ion of bonds, the Secretary Of
tae Treasury is enabled 10 make
weekly market for greenbacIs. Gold
must continue to come il and reduce
toe volume of the currency. and as the
latter is contracted it approaches par
value. In his three months in Office
Mr. Boutwell, has met the inevitable
Rght of The Wall street conspirators,
held up against their gigantic assaults
and made grcenbacks hold their own.
This is doing great deal in so short a
time. The currency has passed tba
dreaded crisis and is safe. Legal ten
iers declined but four cents in tie vcrg
flood tide of the strong assault. They
cave already regained all their lost
ground. The Internal Revenue is now
due and the Treasury's success is GER
.ain-ccr.ain because Grant is deter
mined to exact faithful discharge of
tneir duties from the Revenue officers OF
the Government. Horace Greeley who
has been watching the struggle of the
spectators end who has 4 keen appre-
Citation OF the nature and intent Of
,heir proceedings, comments in this
wise:
Il is very generally understood ihat
the whole revenue Is heuce:orih TO te
collected, and not only collected, but
paid into tie Treasury, whore il IS TO
be used in carrying on the Government
and reducing the National De1t. Taxa
tiou will rot be so onerous if the people
can see that il IS gradually w.p,ug out
their Debt.
We entreat the President to - let the
gale jade5 vince and 20 on Ia the
path be has thus far so nobly trod. Let
revenue defrauderS, official or other
wise, understand that they are 10 be
dealt with promptly ana steruly. II
any outsiders are still detraIdIn- tue
revenue, bring them to justice and keep
.ben there if any CtGce-ho!d"rs are
sbettinG their uefarjous schrmes, tnrn
them cut at once and prosecute them
directly. Gen. Grant has spoken no
Drawer word tsar when he gave aSSur-
auce thai he would remove his own ap-
1pointeeS as readily as those Of his
predecessor if he found them iucompc-
tent or unfaithful. The country re-
ioices in toa, pledge ana exFecss him
10 make it good. Let the revenue be
collecied-not a part only, but the
whole ofit-thOUCh to this end it should
Ge necessary % remove and appoint
monthly to some places. This admin
,strarion has made noble start, and
We trust i vii! keep it. The croans Of
the removed and the Disappointed avail
nothing so long a the work 5 we'll done.
Grant does not need the engreaty Of
honest ;iorsee- He ,rtU'' lei the CALLED
jades vince" He comes upon the
stage Of action fully alive to the fact
that the Republic needs only honest
dealing with It's resources and caraci-
ties to establish not only its complete
solvency but its ultimate ability to con
troll the worlds money market. Just
imagine this regenerated country, with
it's universally of money making re
sources its products, manufactures,
facilities for communication its mines
and its wide spread Development and
free labor, and h, capasi les o. a ris-
Tag generation enjoying free schools :;
out Of debt and with its Government
supported by its customs and the sale
of its public lands and think what a
grand, irresistible, uuassailable power
:, will he Gran. has COMPREHENSION