Show ali re the trouble is the curi ency dicy movement recently so bolda boldly y md vio rouy inaugurated in Virginia I 1 city vas doubtless by san F fiancaco opel nois the men who ubo have bowled for our old currency until they have hipped chipped 1 a I large of it out of the country who intend to 0 encourage and foster it until they succeed ill their purposes stocks have bave gone cone down and on gold has gone up atia soliaN so hm some brilliant speculations 1 tile lie must have something to do in in the way of the people aliey the y have skinned them pretty thoroughly in many ways way before this and have now got them in good condition for another skinning operation for w bat ai 0 honest hardworking hard working people made but to be fleeced by money sharks and skinned by great ate the speculators I 1 money is their broat and tile the people are their cial offerings I 1 daily cal see bee may such stich is the conclusion of a long on and able editorial ai tide on the subject of the speculative operations in gold in in the state of california during durin the last two years the article is s itself too long to be entirely reproduced and wo we content ourselves with a summary of its statements and arguments which it is needless to say we nye heartily endorse had tile the bankers banker sand and importers of california tho the self constituted cont controller controllers of the finances of that state mcimely decided in accordance with the wish of the people that in all business matters nothing 1 but specie should be recognized everything would so far have been ri right lit but it seems this whole business T and their share in it especially has been but acute a elite dodge to emich themselves and beguile the people while they have in practice and in point of fact drained the state of its gold and filled it with an unrecognized paper currency the plan being as fol follows lows viz an understanding having been arrived at by which tho the price of leal legal tenders should alii always allys be as it has always been from four to six bit cents on the dollar higher in california than in now new yolk the people did not perceive until the hirm hid had already been inflicted d what evil they stinging gradually but surely upon themselves for wo could then and the people of california Califor nii can now note seo see that the ru act of this his b his ts been to enrich tile the bankers and im importers potters of that state while ollile the country has been drained 0 of its gold with which slid specula speculators tois by their uns ca could alt always ays in new foik city buy a larger amount of greenbacks green backs than the they y could in it Calif california ornit now it is an axiom in finance as in political economy in general gen al that every article will seek and aid a id find its best market and sis as moi moie c gold could be pui pill chased lor for greenbacks green backs in san sail feancisco Fian cisco than in new yolk tile the gold of california must necessarily in the long itin inn f ind its way to the east and the legal tenders of wall street intimidate a state as a 11 business tender they are tacitly ignited ig noted this is just the condition in ill which Cali california fuini and ne nevada wada now filla themselves and in the voids of tho the editorial of which 11 ilich we lie give a synopsis I 1 our circulating medium has become so small as not to supply the want of the countey while bales of backs bachs abound abouna tile he state while ahil 0 flik process of depletion has bag been going on tile ho leeches who bi brought ought 11 about this condition of affairs and who are too vall ell acquainted it with ith tile he laws of finance not to have fol foreseen foie seen iho lie result aiom tho the beginning have by means of this i cry mado made their former wealth dealt ellor enormous mons their gains being sextupled as coni 1 ired N w ith any other known speculation in money it was a ganie gamo in which tile amount tu to be wide made depended only on the amount of capital or credit on the part of the play player r and WAS equally how orten often so ever repeated lut hut ft fullness illness of time has conic come there is not lot gold in ill california and nevada fur for even evea ordin ity business and our trusty managed g s of finance in california think they we 0 an ana opening by N which aich the thing 1 can be roade to ply pay them by a i process and fienco the attempt to put forth fe aels in ill all directions beginning with nevada a where Mons Alongo omery street exercises es a pt atin influence to sef whether the people the dear s mple gulls L cannot bo be mado to acce ee that the of icke backs as cui cu rency will li bl higlin b n ficiala to their interests whose 91 the game now attempted is is even more fians than the other now to u we uc c the classic phraseology of tho the lay day played out and we nye trust that the people of those states 11 ill not belie the ancient and homely scotch proverb that I 1 a burnt bairn dreads tile the file 11 but having baving been once thoroughly singed in the depleting dep letin ploce pieces ag employ sonic some more trustworthy persons henceforward to rule their finances and leave those gay gain gimbol bolien lerg of fortune for the future quietly out in the cold such men as those bankers rind and importers have shown them themselves selve to be are to our minds mind out of their sphere when leaving the patent safe the confidence and the little joker game they undertake to meddle with the finances of a hitherto reputable and honored state |