Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1862-07-30
Elects Of the Var On lnces. Labor and Property

The premium on gold has fallen 30 Is
TO 16 per cent. The result is also decline
On wheat and the markets generally, the
prices Of which were inflated By decline
in the v.llue Of all piper. Hencefoltb, the
value Of gold will rise or fall with the
chances OF success or failure Of the govern
ment. If recruiting goes on steadily and
nothing seriously happens the union armies,
gold VIII fall to but slight premium. say
to 8 per cent. II serious reyerses hap
zen, it may aiae to any figure. depending
upon the extent Of reyerses. Speculation
may have something to do with the pres
ent high premium on gold. bat not much.
Silver dos not command 50 high a premi
um rs gold by 6 to 8 rer cent, and soyer-
eigns rate about the same as silver.
Like British creditors or owners Of Brit
ish Con-ois, every holder Of America
funds Of any kind i, Just ID proportion to
the amount he holds, interested in the sue
cess OF the union arms. IF the govern
ment fails, every dollar Of personal indett-
sdness and security, public and private,
must depfeciate to a ruinous extent, for the
reason that all such Indebtedness can he
paid in legal tender government paper,
which may become next to worthless, yet
must remain as plenty as ever, however
worthless. Nor can the banks issue a pa
per that is any better than government le-
gai tender paper, for the reason that no
law can prevent their redeeming their is
uos in such legal tender government paper,
Therefore, with the failure Of the Govern
ment, everything in the shape Of security
must fail, including all debts due, otes,
MORTGAGES and salaries for Government Of
fcers; also, State, county, town and school
taxes, for Government paper must remain
legal tender FOR everything due or 70 be-
cone due Such considerations as these
are operate immensely so as to cause
wealthy capitalists to come to the aid Of
Government with their contributions.
Nor is the poor mans future any the
better in case of the failure and bankruptcy
of our nment; bis wages and income
must surely be cut of in proportion 10 the
depreciation of the public securities. If
these come do, to SO cents or the dollar,
wages must come down one balf and So
must lan.Is. produce and manufactured
s,ufs come down in like degree There
FORE this war is a matter Of torture or pow
erty to all, no matter how rich or how
poo. These are ficts ike figures, requir
iag no further proof
70 coNsoLATIoE ron DEBTORS.
C4nmag debtors, your dishonest notion
that heayg depreciation Of legal tender
currency will enable you to pay your debts
at half or quarter Of what YOU agreed IS
a dangerous conception; your ability to
raise even half or fourth what you owe
to cancel the whole will he cut down so
that you can raise nothing, while your cred
itors' demands must remain as urgent as
ever. Stay laws may be enacted for your
benefit, but these can only make your case
worse rs time goes on. Remember also,
that labor upon public aud private i'm
proyements must close, BY which means an
excess of labor will be thrown upon the
soil and thus. over production and the low
est prices must follow. ALI such events
are supposed to follow in case you neglect
TO support the Government with men ard
money. With ,ou lies TIE remedy In
your ability to contribute funds and BY
volunteering. Support the war and speedy
relief must come to ALL Indifference OF
neglect Of duty on your part must bring
poverty as sNre as tllas the subtraction Of
4 from 4 leaves a o.
VOW IT is WITH THE MINER.
AAh." SAYS the miner, "the lead bust
RES cannot fail II Government fails = How
deceiyipg Lead will be thrown in com
petition with the European supplies, ard
Euuqean lead is breed up with heavy
tariffs and expectation charges. Hone
consumption viii Re cut If apd lead man
uf,ciniss must clase al. ior pant. lend
pipe and sheet leaa viii not ~ wanted 81
people ui.able to buy. Your houoH
roo. then. must fall out Should the Govern
mont tail. SO 10 arms, miners, or with
year purses at British soyeregns divide,
giving hall or all 10 your couutfy--lsr
mining without a Government is like baei'-
elor lie without wife OF home
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