The dollar weekly bulletin. [volume] (Maysville, Ky.) 1862-1864, 1863-11-26
The Road to Rujn.

/
Il saw the past week, an officer of tn
navy, who had served his country faithful.
Tor the past twenty years The present AID
ministration, when it came In, found hin
doing his duty on an income of $1,000 pc
year with large family to support-soni
and daughters to educate. He nstinctively
felt. as thousands of US did, that the ruiz
which this hellish party had been concoct-
| ing for the past twenty years, was to be Wis
tied npon our poor country, aid could ne
have built his profession, he would have
done so, but he could not. He has earned
| prize money to the extent of S25, 600
and when I saw him the other day. he
! consulted me as to an investment. why
don't you salt it down in POS? / said
| to him with significant smile. Il would
as quick salt it down on the bottom of the
Atlantic" was bis reply. The present Ad-
| ministration, or another Of the same charac-
ter elected. and the complete ruin of the
country is as certain as that the sun will
rise tomorrow. Our resources in two years
will not permit us to buy dollars worth
obroad, custom receipts will be small. and
gold will have to be purchased by the Gov
eminent to pay its interest. That viii send
the precious metal flying sky high; scrab-
BILE will take place between the people aud
government for. the possession Of the gold
Then follows a panic, and the scenes 10
Wall street will be q repetition of those in
the money market of Philadelphia in $780,
wDen Government currency sold at the rate
of fUe hundred dollars for a single silver dol
lar" and the financial ruin of the Coptinen-
tai credit was soon terrible fact. Il find ,
continued the gentleman, shat as much
was said in 1875 about the credit and good
faith OF the Government. its ability and its
determination to ultimately redeem its pa
per as there is to-day. Its debt of S39OOOO
coo was to say the least, no larger burde en-
upon its resources than our debt Of $4,000
COO. 600 will be upon ours. But We see.
that it was never paid; aud my private
opinion is that there was more honor and
less stealing among Administration support
ers, and in the Administration itself then.
than to-day. Now you have my reasons
for not investing in Government Securities.
sholl hold on to nv S25. 600 greenbacks,
till sees bear movement in the gold mar
ket to the extent OF 10 per cent, and I shall
then invest my entire pile, and hide it in
some safe place, not in bank safe, assure
you, till the storm now approaching bursts
and exPends its fury; and perhaps out Of
the chaos that follows, my gold will enable
me to avoid that misery which think see
in store for those who believe in the sta
bility of Government guided in its admin
istratioD upon the basis of political, social.
moral, and financial dishonesty and wicked.
ness."
The gentleman with the gold banded
cap, and gcld-slsshed coat sleeves, left m e.
He is one among thousands who hold the
same opinion, and yet hang Cd, through the
necessity of self-preservation, to an Office
under the miserable party in power. In
my walks about town, seeking to know the
real opinion of the working world regarding
our future. / stumbled. a couple of days
since upou a property holder and an appli-
can't to buy, trying to effect a negotiation
Tor suburban residence few miles out of
the city. "The property is worth SI4. 300
10 greenbacks' said the owner. "or Sc, 500
ii gold. I will sell for $1,000 down, in
5reenbacks, balance on time, with bond and |
10 ortgage at per Gems, payable in redeem
able currency" 81 will take your property
$4,000 pay you what you require down, |
1--WE you mortgage, but no bond, and you |
hall give meten years to pay in, stpulating
o take gTeenbacks at any time prior to the |
expiration of that PERIOD The owner
would not do it, "for, said he, you will
,uy them at twenty-five cents on a dollar.
With State currency, in five years, and l
hall not get one-quarter the price 1 agree
o take.' 1
"You are correct, said the other. Il ex-
'ect to do just exactly the same thing. or /
would not give you your price. l shall
NY greenbacks. in 1868. at twenty five
ents on the dollar, with New York State
urrency, which will, at that date, draw
Pecie, and yet, at that date, the govern
1ent will be supposed good for its huge is
les, as it is now held to be. But if, to-day
reenbacks. which can be at any time in
ested In government bonds, drawing inter- {
st In gold, are only worth 68 cents in good
lrrency, gold or specie paying bills, am
arranted IN holding tn e opinion that an ad q
itioLal debt of SO, 900, 900, which four :
ears more will bring, will reduce these c
,eenbacks to twenty five cents on the dollar c
The United States governm ent once had b
| the available forces of the army of 90 ]
20. in fsll chase after Billy Bowlogs and
is 800 Indians, for over five years, and v
,uld not catch him or drive him into {
shonorable capitulation. He was located I
! that time in one limited spot the Ever s
AIDES OF Florida. When Billy did surren- C
II, with his 300 followers, he made his ii
sn conditions with the government, and C
ok his own time, and mighty job was e
Ter when Billy gave up. Now, the gov p
Dment have nine millions whites to con- n
er, scattered over one million of square t.
lies. If it took five years and the flower
10000 troops to wear out the patience
d resources of 300 Indians in the South v
j swamps, how many years and how b.
my troops will il take to break down ST
he millions of resoluts, daring, brave if
ites scattered over a territory as large as "
Europe, and, as Mr.. Manteilina would hi
:, "what will be the demnition sum total We
he expense?" es
Fhe suburban property was not sold an
ither party had faith in the ultimate re- ia
nption Of green backs. So much for the M
lfideuce of the people In 1880, the a
1igs took the goyerum ent paper in full an