Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-08-12
IRASBURGT, VERMONT FRIDAY, AUGUST 12 1864
The Popular Loan.

} There is no better permanent invest
ment than the government bonds, ant
there is no way by which the people cal
contribute more directly and Efficient,
to the support of the government anc
the success Of the war than by loann.
their money to the government TIL,
safety and advantage of the Investment
are well set forth in Secretary Fessen.
den's appeal to the people, and the patri
otic motives cogently stated. Every
man who has money to invest, from Rfty
to fifty thousand dollars, should consider
it his duty to invest a part, at least, in
the popular loan. There is money suffi-
cient among the people to supply all the
wants of the government, without bor-
rowing dollar abroad, and it will be a
glorious thing to finish The war from our
own means.
There is one reason for pushing this
popular loan to success that comes bone
to every mans business and bosom. 1t
will be sure remedy for speculation
and high prices. Everybody can see
that ii large part of the government
currency is returned and put into the
form of a permanent loan, the currency
in circulation will be reduced the spec
ulators will have no tools TO work with
and all prices will gradually sink towards
healthy standard. The prompt ac-
ceptance of the loan by the people, and
sound and careful financial management
at Washington, such as we have reason
to expect under Mr.. Fessenden, together
with the lessened demand for gold on ac-
count of decreasing importations of lux
uries, will unite to check and limit the
imitation of the currency, and bring f.
nance and business back again to their
normal condition. Every citizen has an
interest in this change, except the few
who have the means and opportunity for
specniating in the necessaries of life.-
The worst and most aggravating fact
connected with the initiation and high
prices is, that what we pay over and
above the real value of articles of con-
sumption benefits only the spectators,
not the government. Indeed, the gov
ernment loses greatly by it, because the
ability Of the people to bear taxation is
bus rapidly reduced, and they are forced
o give up many OF the luxuries upon
Which the government has levied the
argest taxes. Already this effect is
een. The great majority of the people
ire living very closely aud practiciDg
he most careful economy, and there is
consequent reduction of business, felt
'ery sensibly in some branches.
If the price Of gold continues to go up,
r does not come down materially, this
will go on, and many sources
f government revenue will be almost
Wholly cut Off To limit the currency is
therefore, to help the resources both of
be people and the government. To ex-
and it beyond just limits is only to en-
ich spectators at the expense of both [
overnment and people. The thing to '
e done now is to take the popular loan, S
nd the prompt offer of $200,00O,O00 I
I'LL be equivalent to great victory a
'ass in your fifties, and hundreds and '
lousands to Secretary Fessenden, then, d
GU that have the money, and so do O
God thing for yourselves, for the people
nd the goyernment.-Springfeld Re- a
ublican.