A Crisis In Financial Affairs

1 hnt a crisis is approaclnng i ti hunncial uffuirs ie very evident. Thisgruws, rnostl y, out of the attempt on the part of tlie Treiisurv Department to curry water on lioth shoulders. This is, to intliite tho nioney market in order to iriiike United States stocks Uear u high piioe, or what is tho same thing, a luw rate of interest, and ut the same time to prevent other artirles from being in fliiencd by the sume canse. This ia manilestly a hard task, and one whieh no govemment, even in t he most benighted age, with respect to general inte ligencü over yet succeeded in doing It is perfeetly well known to the public thut the 6 per cent stocks oí the government ere entirely unsaleable for more thin a yoar and it wan tiot tin til the price reached sixty cent per dollar, ab cutnpared wi h corum. ditiee that any uilen were eñected. At that rat the (j per cents were disposed of. - Tfie Treasurer then wanted to sell 5 per cent stock, w hich wan perfectly feasible. He had only to couiitnie his in rla'ion until the 6 per cent stock ftsll to fifi V cents on the dollar, and his 5 per cert loan would be tuken. It is truo tnnt gold and ihé prices f merchanoize wonld, with unerring precisión, indícate ihc rute of depreciation. This he wanted ío prevent. He. wanted to have il noon, hut he wanted t he dock to record only 10 o'clook. Hn would " foully pluy, and yet would win." To this end Was produccd last week's ruinous and useless convulsión, which íh past, and (tío inflation is resiiined with h considerable damaged credit to the Treasiiry. It is pretty evident now that soine Otfeer means than tlie five per cent. Iohh muat be adoptedto repleuish the Treasury. The Treasury is possesned, ut present ol no means but the 5 per cent legal tender notos, which are being paid (Mi , in discharga of arreáis, in payinent of 5 per cent depoit cerlificates, and for cunent expensen, with a larfíe aniount of pay mat uring to the airny next week. and with the pressinu; ex penses of the new levy of 100,000 mén at the west to be provided for at once. In four weeks $120 000,000 ol 5 per cents wil! be releaed in adaition. 'i he nioney 'deiived from the sales of g"ld and gnid certificates is a special tund pledged to a sinking fund, and it is t be hoped that that fund will be respectad. The public, credit could scarcnlv urvive the seizure of that m . ney for the general purposes of ihe Treasury in order to retnedy the evils that re result from tho the tnistakes of the head of the department. There is reahoii to believe ihat had the six per cent, cent, convertible principal and interest into gidenbacks at the will of the huid ert, there wuuld have been no Tessure now upon the department. Tl. e ubstiuacy with whioh a five per cent loan has been persisted in is a inoi'e mime diate cause uf the distrcss of the Treasury. The radical cause, however, is the !ale svstem, and that lalse sys!em seems likely to be perpetuated. Il is to avoid tasiflg all property nnd to rnake a good show of riiisini; tnoney by indirect taxes, which will not give onefouith the estimates, and the operatiou uf which is to destroy their own productions. The present interna! revenue WUB estinwfted by the Secretary lo give in 1864, $150,000.000 ; it wi'l give leus than hall that um, notwith.-tandiug the great upparent prospeiity growing out of the inflation. The ne.w bilí is estimaed to gi?e 8300,000,000; it will barely givj 100,000,000. The estimates are exagtjerated to put of} the necewsi y of taxing property, which 8 the ouly tax which can be relied upon ; and the only une that will no d more hann than good. If ihe projiosed in diiect tax should be levied at a lime when the currency ís reduced, pric 8 fall and trado and production cease, the tax will not givo $ 1 00,000,000, or any thing like it, nor will the eustotns approach the sum nqnired for the interest on the public debt. The country is in such a condition that the cunency can ot be reducnd, and it uil! be fatal to inórense it. The only safpty is to let it remain hs it is. - Lcvy the highest po-gible tax upon propertv of all descriptions, at least $500,000,000, if snch a Uní can w ib tained. Then will there rrmiiin 8700, 000,000 undt-r presnnt w pioiriations to be boiTowt'd Let t hal be raistd in astnck at the martel rate of interest, and pledge it espociully to th;it otijvot. Hy 'hese inutuis expenses may be mot and 'he existing u.rency eurried along to the end of the war. without, by contractjon, giving such a check to business as will be fatal to the colli'Ction of laxes. The Elmir.'i, (N Y ) Advirtiscr Biiys thut ahout $100,000 t'.re paid out for borses at that. place evcry inonth for the govenimeiit. The ladi 8 in Washington nnd New Yoik ar; forming leagues to confine the.nselves to tht osö of home fubrics of dres. Sixiy thousand dollars have been ecured in Vermont towards a fund for au Agricu!' mal College. U"5L One of the agen,ts of an insuranee compnny at Hartford, in sending a Binall remittance of $12,000 frora the west, the other day, wrote upon the foot of the check, " God for burns." fy3 Every individual, however obscure his ituatiiin in lï te, and however humble his lot, has an feHuonce to exert ither for tho right or tbo wrong, for good or for ovil. '