Year: 1864

enterprise by all that is to be seen Of
the warlike. The magnitude Of the
war is the measure of this insufficient


cy and so of course of the superabun-
dance which 10 predicated of it. For
if war cannot exist alone and upon it.
self, then it is within the sphere of
whatever other condition cosSists with
it that the citizen is to look for the
exhibition Of the supcrabundance of
currency. This is patent when it is
remembered that the funds called
forth to reward soldiers for their time
are useless, after tho paymaster has
completed his specific duty, until they
can he employed commercially. And
the sphere of commerce is not enlarg-
& bv war, 1t is more liable to con-
ysact. .on for the capabilities of pro-
duction are lessened when men are
transferred from the shop and mart
to the camp. Unquestionably the cur
rency created to meet the circumstan-
ces Of war is in due time crowded into
the avenues of commerce. With
enough already there before the war
what now can so fitly describe the
state of commerce as the phrase SUI
perabundancc of currency. The Sec
ond position that the surplus Of funds
in commercial circles is evidence of
the abnormal state of commerce is H.
Illustrated in the elucidation Of the first.
Commerce is gorged through being
fed Ivy war. .


I Now facts being as they are, the
weighty matter to be settled is con-
corning the right use Of the surplus
that burdens tue mart. There is such
right nse and it is to be made or all
concerned snf1er personal and nation
al damage. E".. ... ... rnr. ..1


COMMERCE SHOULD POUR HER CURRENCY INFO


.H2E TIE CHANNELS OF WAR. L


In other words the war should be
prosecuted by means Of popular loan.
Further expansion of popular credit
should be jealously guarded against.
If il is not, then serious consequences
will be sure to fall the currency is
to continue upon the inclined plain of
depreciation. Gold now changed 10
merchantable commodity. will as a
consequence be subject to ceaselsss
fluctuations with steady tendency
upward. a Goods, that might be in
market but for the prospect Of higher
price soon to be realized, viii continue
to be withheld. Extravaganza now
so strongly inveighed against and de-
precated by some even to self-denial
will continue to launt its gaudy tis-
sues and fill the eye with the sheen
Of its jewels. And SO on through va
rious caiegories, only one more of
which demands any word now. The
movements Of the population already
begun will be still more noticeable
and equally as vitiating to the public
veal. Unless the war is nearer its
close than majority outside of the
ruling circles suppose, the activity


among the home population is prema-
ture. The emigration to the west,
and the revival Of the speculative
spirit, are but manifestations Of the
.GGg,us Of commerce seeking and 6nd-
aIs vent in investments, not as they
should be, in the channels of a war
which has for its purpose the well-be'
ing Of the universe. Perhaps no dam.
age win come Of what has already
transpired in this direction. There
can be none II henceforward each man
looks upon the nation as calling foi
his surplus funds for its holy purpose


aud considers them sacred to its use


The nation has done its part through


its chief executive in checking ths
tendency towards an improper expan


sion Of commerce, Half a million ar'


called. Let the over-abundance o


currency be poured from every loya


hand into the lap Of the nation, ans
,. for the use Of this new grand army
Thus vii! tho rejuvenation of tn
strong man be hastened to the perfec
. tion Of youthful yivacity and strength