The Devil In Paper Money

-In the itutunin ot 1862 I gpont aeveral weeks witb Secretary Chase, and was permitted to share hx studies of the financial quostions which were then engrossiug his attentiou. Ho was prepared to subtuit to Congress bis maturad plan for a 9ystem of banking and cmrrency to meet the nece8sitiü8 of the war, and this subject fornied the chiof themo of his conversation. He was specially mxious to work out in his own uiind the probable relations of greenbaoks to gold, to the five-twenty bonds, to the proposed natioual bank-notfcs, and to the business of the country. One evening the conversation turned on some question relating to the laws of inotion, and Mr. Chase asked for a deflnition of motion. Somo one answered, " Matter is inert ; spirit alone can move ; thereforef motion is tho spirit of God made, manifest in matter." The Secietary said : " If that is a good definition, then legal-tender notes must be tho devil made manifest in paper; for no man can foiusee wht miscbief they may do when they are ouco let loose." He gravely doubted whether that war-born spirit, Bummoned to Rorvo us in a droad ful omergency, would be mustered out of service when the conflict should end, or, at the return of peace, would capture liublio opinión and enslave the nation it