Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1862-09-02
From Thompson's Reporter, Aug. 25sh.
Financial.

Land Warrants arc about 45@55c. for
ZOOS; the same for 120s; and 100000.
for sos. The 40s are not to be had.
1t is singular that some people, who are
wise in their own concet, will Ia about
Securities and stocks as though something
is safer than u S. Securities. This class
Of 6UgaJos should bear in mind that the
Government can tax every company, every
corporation, and all property, to an dnlinl-
tied extent, for the maintenance of the ma
lional credit. The tax bill which goes in
to operation on the lst Of Sept, assesses
three per cent on the passenger receipts,
interest on bonds, and dividends of rail-
roads; three per cent. on the dividends Of
1 Banks, &c. We name these as samples.
The Government can swallow up all the in
comes Of corporations and individuals, and
then take thar property into the bargain,
/ if ITS nee essiiies require it.
If The couaIry Aas a Government, the
Government Stock is thesafest thing ia the
country. Every contingent interest in the
country will be made to contribute to his
support. Those who talk about some-
thing else being safer than U. s. Securities
are short yisioned. Anarchy may bring
Federals payments to stop; but we ask
how viii railroads, Banks, and Manufac-
turing Companies fare betterl And how
will personal property and real estate fare
with anarchy
Uncle Sans bonds may no. look like
the clean kine"-ths "thin ears, but
the power is in them to seat up" aud "de-
YOUR the rich, fat, and rank money -bags.
kline ana corn Of the land.
Spectators in gold are reasoning that
a great expansion Of paper money, is in
eyitablc, whereas the fact is that a great ex-
pansion Of paper money is impossible. The
U. 8 Treasury will pay out its paper mon
ey freely, but the holders Of will fund it
into the 500 skies as freely
Government paper moneys the stand
ard Of values in this country; and it must
continue to be the standard so long as the
Treasury Note Currency is a legal tender.
1t is the settled policy OF the Government
to use this Treasury Currency for all dis
busementc. The various Acts OF Con-
oress give ,be Secretary Of the Treasury
power to manufacture an amc unit greater
than can be hoated while the Banks are
competing manufactures Of paper money.
The Bank paper money is convertible in
to Government paper money, and the
Government issues are convertible into
six per cent Stock made by the same pay
or. This is the only redemption that The
1 holders of paper money can enforce.
Starting with these facts in view, it is
safe to predict the future prices Of the lead
inc securities on the market:
The 500 .ixes, being obtauable at
neerncA irtercety IN czehsnSS
for Government paper money,
are The standard Stocks at PAR.
The s;xes Of 1881, having now nine
teen years te run, with no pow
er on the part Of the Govern
ment to pay them off sooner, lo4.
The short Government skies lOl
The Government fyes, Of various
dates "a
The 7.8o Treasury Noles, having
two years to run at that rate Of
interest, and then are iundable
into skies Of 1881, at the OPP
ton Of the holder LOG
The 12-month six per ct. Certiii-
Gates IVA
The interest on all these Securities IS
Davable IN cold.