Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1858-12-09
The Misaric il Finance.

itself with more brilliancy than in the field
ofiinancc. There chiefly arc dissertations
new. AMI its combinations startling. The
eycr-rccuriny circles of other spheres of
Thought are there put to the blush by an end
less production of forms, each bstantially
aa advance upon that which preceded
This is especially signiIied in the .monied
mira le i,lthc i,re~ent-tIse Credit Mobil-
Ter vi France. 1t is altogether an anon
10 y scheme. with no par .ntage in jint
stock heretofore, and no approach to the
i.!ca "f a naiional credit in the past Its
explosions ;,nl utter ru1h have been pre-
'lirtcl week 10y week for the last three years,
AMI it has been twenty times shown tn be
utterly irrcconcilabc with those principles
81 finance Admitted to be sound or tolersble.
But still il lives, anil expands. and flourish
es. Its shares are hundred pcr-ccnt.
above par to-day. and rising Immense
profits were pail by the concern in 1884.
an its stock doubled in value-in 1858
similar dividends have been declared, aud
again it is on the wing upwasSl. h
has beep as NE all know. .lealiug IN almost
ev Try form Of Investment anil enterprise,
AMI has effected on a large scale for
whole nation. what a company does on a
small scale fora villasc-that Is developed
/ its wealth.. let as realize if we can APP
praximatcly. the wonderful invention
which has become new delight to the
Frrrlrh. AMI aided TO the felicities Of Pals
all the intoxication Of first class gambling
house at Ba.lcn Baden. five should pro-
iect fiscal agency that would take to It.
sell all the deprecated railroads. all the
incomplete improvements. the langpish
ing branches Of enterprise. the fresh
srheaue. Of speculation. the eccentric con-
troll Of the currency. and by applying large
snns< of capital AMI evos ing still larger
b k Of credit .ireste ethc stocks Of the for
m~r to5i!rir irstlvalue. generate prices for
the intermediate mt paying rates, and bal
an,-c accounts all around by taxing the
confidence of the people in whatever omar
ter necessary to realize dividends. we
should have some notion OF what a
Credit Mobilirr would resemble in this
county We know that it is easy to dem
snstratc how this thing may be Il me bet
ter without-how it must make up here
/. for what il looses thcre-how its theory is
para loxiral, and its argument fallacy--
but notwithstanding all this. we are stsrel
| full in the face by that fact that it docs
work. Entire provinces Of France have
been resrscitate,; from chronic decay by lis
marvellous touch Large communities in
Spain have been kiadlcdI up to an activity
unknown TO them since the sixteenth cen
mry Italism lanyuor an ! German plIlcgm
have not been proof against its witchery.
And 20 day it has become what FIVE years
stree its strange author predicted il would
be. tke m;racie Of finance. The impulse
which it gives to general prosperity ensures
the profits Of It's special investment, and
herein lies, perhaps. the secret of that sue
ccsswisich has attended its path. like. the
compelled genii of Arabian story, fetching
wealth at the word of command. We do
not say that i is wise orwell. We do not
urge thai like giant laohster shall de-
your all the smaller progeny Of wild cats
in this hemisphcrc. We do not venture to
proDouncc that any named appliance would
give health anil fruitfulncss to the credit
syssem Of tip Unitsdi States Dpt.we do
say that in the matters Of finance affecting
nations. in great Celebrations Of speculative
forn<. in ministerial sgQscies for eentrvll-
ing the crcluIity Of the world. this Credit
Mshi!;sr sf ~ Erepfh EmPeyor ds :: e.
worthy sf more careful Study BY the
Statesman, tIi6n Any scheme Of in~essment
seposiss sFoa sslative values ssst yet pso-
- -. - 80 Al