Let us consider whether these evils may not be boldly met and surmounted, and this, too, without impairing the ability of the nation to meet the interest of the debt incurred as the price of freedom, or interfering with the payment of army and navy pensions, and similar expenses. RESUMPTION. What is there to prevent the nation from resuming specie payments during the present year? There are those who profit by the fluctuations of gold; who gamble in gold, and would make fortunes regardless of the consequences to others; who control the columns of venal papers and write financial articles; who claim to be the leaders of opinion, and tell their confiding readers that Great Britain did not resume for a quarter of a century; that resumption implies contraction and portends ruin; that we have a thousand millions to fund within three years, and therefore cannot resume. But is not all this fallacious? Our position is not that of the British Isles half a century since, exhausted by a war of twenty years, without a railway, with less than half the wealth and half the population, and one twentieth of the land and mineral resources that we possess, while their debt was fifty per cent more than our own. They were almost stationary, and we are progressive. In descending from a premium of 180 to 30 on gold, we have already accomplished five sixths of the journey towards specie payment without serious disaster and with an easy money-market. As respects contraction, the instructive report lately addressed to the Secretary of the Treasury by Mr. Carey, the veteran advocate of manufactures, shows that the compound-interest notes are withdrawn; that a large portion of the greenbacks is held as a reserve fund by the banks, another large portion is locked up in the sub-treasury, and the actual circulation of the Union but $460,000,000,--really less than that of France or Great Britain, although our population exceeds that of either of those countries. And Mr. Carey, in his instructive letter, offers proof that our circulation, although in excess of the gold, silver, and bills circulating before the war, is not disproportionate to our commercial transactions. When the Secretary of the Treasury is ready, no serious contraction will probably be required, and no ruin will follow, if our merchants move with caution, and prepare for a return to the only safe standard of values. Let the manufacturer accumulate no stocks, but continue to make goods to order, to sell in advance. Let him cover his sales by the purchase of the materials as the wise and sagacious have done ever since the surrender of Lee, and we shall be ready for the notice that, after an interval of three or four months, the United States will meet their notes and contracts with specie.