The Kenosha telegraph and tribune. [volume] (Kenosha, Wis.) 1859-1860, 1859-12-29
Baron. ROtIlscilild's Visit 10 Amar-
iGsR

| IGas
| we see announced as among the arrivals bv
the Persia, one of the celebrated house of Rotb..
chlld. Thus far the business of that housa with
This country and its securities has been compar-
atlVely small They have esteemed orr oovarn-
nent loans too insecure and our railraa1 stocks
100 small Or too speculative and auctuatinp.
Ahey nave negotiated the loans Of crowned heads
10 the amount of millions, resting on no moro
sohd basis than the honor of some banIr,,n+ ,,o,
eminent. For England, with its debt of a;rbt
hundred millions of pounds sterling, thew have
oeen the chief government agents at most i'm.
portant and critical times. For France thav
have at times done much il this way. under half
a dozen dynasties, just to keepJ stocks nm and
"hat they had from being swept away In Aus
trala they have been everything more potent
Than sovereigns-yet themselves compelled to
sustain lettering governments by taking loans
| 10 Keep things going Meantime they have des-
pissed the growing wealth of this country, which
mas not exhibited itself in crown Jewels. or cost.
" palaces, or immense retinues of servants or
OF soldiers, but in careful ,re-investnants yo;l-
roads telegraphs and broad acres, subdued nv
'he hand OF industry, to supply the world with
cotton and with grain.
No Rothschld that we know of. has visited
this country before, and their doing so now NAV
nave significance iii history difficult to calcu-
late. vi course, they do not tell their purposes
and their plans They do not even herald their
approach, or intimate it by any ostentatious
display. But it is not impossible that such an
arrival may indicate at future period the grad
ual transfer of large portions of gtheir countless
wealth to this country If such should be the
case, 1t would be perfectly certain that the wealth
OF thousands of others would follow in the same
olrechon and our stocks of every kind would
rise, and enterprise be pushed in ten Thousand
channels; SO that the next fifty years would pro-
duce an expansion and growth from the capital
OF the old world, united with the industrv of+ba
new, compared with which, all the past progress
of the last fifty years would be as nothing.
This country must afford the best field for tbe
employment of capital The Rothschilds bepan
Win nothing. They made their money mainly
by the rise of government securities, consequent
upon the re-establshment or order. and of con.
hdence, after the wild and sweeping ruin of the
hrSe French Revolution The peace of 1916
made them ndisputably the first house in the
world Tor capital invested in government securi
hes. But, since the Revolution of I848, tho loss
or confluence in the government securities of
Europe has been gradually becoming more and
more marked among the most agacious Aus
TRAN finances have been proverbially rotten for
years, and each year has not only added to the
dniPit lion voJ
nntll' within the last year, things have come to
light showing the over-issue of stock, in sucb
ways and to such extent that would DESTROY
The character and, the credit of any mercantile
house, or of anything, in fact, that had anv char.
acter or ere lit to lose, except European gov.
~"
Inc debt OF France has been enormously in
creased, and that of England also Not coun-
try in Europe is diminishing its debts in peace
ana all Its wars and preparations have to be car
fled on by taxing posterity, How long can all
ibis last? fpeace were the order of the dav
.nngs might go on without getting WORSE
out peace is not the order of the day, and waris
getting to be moro and more question of Fl.
nance and credit on an unheard of scale of cost
AA''iOh lihO huSJtla VIII one OF these QaVa
come to halt-will run down-and then the
rest Will follow, like row of dominoes and
hen the capitalists will have stocks and govern
Heit bonds, but the coupons will be unpaid and
nc "hoie worth only so much waste paper.
ne last century taught the civilized world
lie" faet. that of borrowing without the least
prospect Of ever repaylng, by simply PAVING the
interest and throwing the rest upon postertv-
% long as posterity obtains something better
nan the interest in return--peaee, order, credit
nd wealth-nay go on and meet the drafts of
nelr predecessors upon them; but, directly the
ost becomes greater than the advantage, and
var and insecurity return, new generation will
Use ana sweep away the whole debt as unjust.
II this country We 1have lands, and railroads
no soid products at the bottoms of our stocks.
nj into these things the capital of the old world
) finding its way and will find it.