davidaulloa/AmericanStories huggingface dataset:
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

and hence II Is, that historiealy the fluc-
tuations in the value of government
stock have been comparatively small.
In all the recent commercial tluctua-
lions of Eagland lin some of which
there has been complete prostration
of all other property, the variation in
British consols has not been over five or
six per cent. This cannot be said of any
other kind OF stock OF railway and
bank stocks the great variations and at
times wonderful depreciation are noto-
rious. Sudden commercial revulsions
have reduced these stocks to one half
their price. Suppose, then, with gold
say at 80 now, and government stocks
at l05, there should be a resumption of
gold payments in one year, land this Is
supposition which may become a fact,)
what would be the relative effect on
three kinds of stock-say government
at l05, bank at ll8, and railroad at 100 2
In all human probability the resump-
ton of gold payments in a year would
bring them to these relative prices, viz:
government, 80; bank, IS; railroad 20.
Judged by historical experience this
would be nearly the relative result. The
consequence, then, is that the Govern
ment funds depreciate Is per cent, the
banks 25, and the railroads so. 1t is
more probable, If this statement be
thought erroneous, that the actual re.
suits would be much more in favor Of
government. But we merely give this
as an illustration of general historical
truth, that on the resumption of specie
payments, or ON the occurrence of
great commercial CONFUSION, the fall in
government stocks will be far less, rela-
lively, than the fall in any other kind of
stocks. The practical inference from this
is plain. The purchase of government
stocks being made for investment, it IS
far safer and more profitable Investment, for
tho future, when gold payments will be
resumed, than any other.
Now nobody can doubt that the War,
(that is, the great bulk and expense of
the War,)w be over in year or SO;
and when that occurs, there piR come
gold standard j: and then, when others are
lamenting over the fall of stocks, the
holder of government loans will have
no fail to lament. He will, in fact,
profit by that change which Injuries the
holders of other property. -Erchangs.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

ESCAPE or "A SOLDIER AND SUBsrI-
TuTB, AND ARREST OF rHB FORMER
Conductor CAROLS train brought from
the north, last night, 70 Vermont SOL
oilers and lS substitutes, the latter from
Windsor, W, After they had all cross.
ed to take the steamboat train for New
Haven, two of them-a corporal named
Charles Nyon and one of the subs-sud-
denly slipped through the crowd and
ran very rapidly past the Massasoit
House and round the corner into Lyman
street, which was the last then seen Of
them, There were so many persons in
the Vicinity that they could not be fired
upon without endangering other lives,
and the guard was so small that none
could be spared to follow them without
risk OF losing all that remained. Nyon
wore uniform, and was handcuffed for
some misdemeanor but the substitute
wore nothing by which he could be dis
tinguished. The latter threw his boots
back Of Alden g. Brewster's drug store
during his flight. Soon after their es-
cape two boys who were said to know
something about the affair, were taken
iheo thO oo3SaSsS ioOut W DC
and the crowd, supposing that they
were arrested, rushed upon Officer Brain
ard and threatened some disturbance,
but nothing serious resulted. Just az
ter CAROLS train left Brattleboro, sub
stitute, suspected to be the one that es-
capped, threw his pocket book out of the
car window, meaning a substitute bro
ker should get it, but it was quickly ap-
propriated by one of the guard. About
half past ten Corp Nyon walked leisure
ly into the depot, evidently thinking
that he was safe, as his comrades had
gone on, and seeking chance to leave
the city but Officer Brainard immedi-
ately recognized him FROM his descrip-
ton, and Fastened on to him, and
marched him to the lookup. He had
the hand cuffs on his person, but had in
some way got them off his wrists
Springfield Mass J Republican 18Th inst
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

THB SITUATION AT ATLANTA.-A letter
from Atlanta dated the LIST inst says
the operations around the city have set
tied down to regular siege We are
pounding away on every side. The city
is doomed to be reduced. The rebels
have garrisoned their forts and entrench-
ments with the militia and use the vete-
rams to operate when required; their
line runs so that they can be massed
with great Tapidity. On the 3lst ult a
demonstration was made along our lines
resulting in driving the rebels to their
intrenchments and our capturing their
rife pits and picket reserve of 125 men.
A tremendous artillery fire accompanied
the skirmish, which developed very
heavy rebel guns. The rebels cannot
continue long in Atlanta. Ifsthey con-
tinue to butt against our Ii W. hey will
soon wear themselves out I'd tnout doing
us much damage, and run the risk Of
losing their communications, upon
which we are constantly operating
The Macon line is the only one left them,
and it is said we have destroyed that
If this is so we have got them, unless
they succeed in breaking through our
lines somewhere. Yet we are so pow
erfully entrenched that single line is
able to hold the works against any as
Sault of theirs,
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18
Miscellaneous Items.
Madame Jerome Bonaparte is at Nj.

Madame Jerome Bonaparte is at Nj
agara Falls.
There is a report at Little Rock,
Ark, that the rebel Gen. Price has died
of dysentery, disease he has long been
famous for
Seven respectable and influential
weekly journals have ceased publication
in the State of New York within the
past six weeks-the consequences of the
high prices Of paper and labor.
There were 1928 emigrants arrived
at New York last week, making a total
of 116, $50 since the LIST of January.
Last year for the same time the number
was 96,9S4.
Ehe Providence Bulletin says an i'm
polite degree of publicity is given to q
discovery, said to have been made by a
Connecticut physician, that dirt can u,
converted into a wholesome article OF
diet. Spectators will now gobble UP
this new necessary of life, and "cheap as
dirt" will no longer be proverb.
1t is noticeable that while many Of
the Opposition prints are libeling the
campaign of Gen. Grant and pronoun.
cling it a failure, they are silent on Gen
Sherman's operations. With all theil
malignancy and falsifying, they dare
not belittle or traduce the character Of
our glorious successes in Georgia.
Dan VOORHEES, removed his law office
in Terre Haute, few days ago, and in
doing so left behind package Of
pamphlets which are now in the hands
of the Provost Marshal. On examina-
ton, they were found to be fifteen hun
dred copies of the Yellow Book, contain
ing the second and third degrees of the
ritual of the Sons of Liberty, done up in
an unopened express package.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

NORWICH UNIVERSITY. - Commence
ment week at Norwich, vt, as we have
before announced, commences on the
18th. On Sunday the Baccaleaureate
Sermon will be preached by President
Bourne. On Wednesday afternoon Rev.
James Davie Butler will deliver an ora
ton. Thursday is Commencement Day.
The graduating exercises take place in
the forenoon, and in the afternoon Rev.
+. ID. Huntington will deliver an ora
ton. The graduating class entered the
University with sixty-tive members, but
six of whom now remain. Nearly all of
those who left are fighting for our coun-
try. Thirty from various classes have
lately left to join the hundred day men.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

END OF THE KIDNAPPING CAsR.-We
recorded, last Tuesday, the arrest of
Robert Magee and Daniel Murray,
charged with kidnapping boy named
Wheeler in Vermont, selling him as q
substitute and concealing him in Troy.
The examination of the prisoners took
place in the Police Court this morning.
The prisoners were represented by an
array of legal talent-Messrs. w. A.
Beach, Lottridge, Banker and Rising;
the people by Messrs. Il. A. Parmenter
and Runkle. The prisoners seemed stolid
and Indifferent, in spite of the heavy
charges against them-kidnapping and
subornation of perjury. Their coun-
sci submitted the following objections
against the principal warrant:
l. That it does not appear within any
Jurisdiction in this court to enable it to
issue the warrant.
2. That the offense, If any, occurred in
Vermont.
3. 1t does not appear that the defen-
dants, or either of them, are charged
with any offense in Vermont.
A. Nor that the complaint was made
in writing.
s. Nor that either OF the defendants is
a fugitive from justice.
Justice Flagg felt constrained to hold
that the warrant was defective, and the
prisoners were discharged. However,
he offered to issue new process at once.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18
RUTLAND HERALD.
FRIDAY, AUGUST IL, 1854,

TuR GOVERNMENT LoAN,-The atten-
ZION of our readers is called to the Pro-
nosal for Loan advertised in our columns.
The great needs Of the government 10
hiring the war to successful close are
men and money, With these promptly
furnished. the downfall of the already
lettering rebellion and the restoration OF
naaee are certain at no distant day, 1t
Il the duty as il should be the desire OF
every citizen to contribute so far as lies
In his power to these requisites to speedy
and sure success
Among the many apparent advantages
of the loan called for are, first, its secu-
rity. On this point we quote from an
exchange;
oNearlv all active credits are now
based on Government securities, Banks
OF and Savings banks hold them
In large quantities-in may cases, more
than the entire amount of their capitals
and they hold them as the very best
and strongest investment they could
possibly make. If it were possible to
contemplate the financial failure of the
Government, no bank would be any bet
ter or safer. Savings banks that allow
their depositors but five per cent. can
only pay interest or principal in green
backs or notes of State banks. Banks
OF issue and discount can not ask or get
anything better than Government paper
in payment OF customers notes, and they
prefer 1t to all other, for they are COM
PEELED to redeem their own notes in that
paper as the circulating medium next to
specie in value. By the issue of this
loan the U. s. Treasury becomes Sag-
ings bank for the people. There are none
stronger-none more solvent, and not
one that pays so literally for the use of
money. You may deposit fifty dollars
or fifty thousand. The more you put in,
the more you will aid and strengthen
the Government, and the more valuable
will be the remaining currency OF the
country"
Again, while the general rate of inter
est is six per cent. payable annually, the
interest on this loan is seven and three
tenths per cent. payable semi-annually.
A third advantage is the convertible
ity of this loan into six per cent. gold
bearing bonds at the expiration of three
years, at the option of the holder. Bonds
of this description now command a pre-
MUM in the market, and this option of
conversion greatly increases the value
Of the present loan, as the premium COM
manded by notes of the same class issued
three years ago, attests. The dictates
Of interest as well as of patriotism and
duty would seem TO combine to urge all
who have money to invest to loan it to
the government.
With united and earnest effort and
support of the government for a compa-
ratively short time longer, the rebellion
must succumb. By this means only can
the sacrifices already incurred be made
good and the country saved. Those at
home who have the means should be
willing to loan it to the country while
Others are willing to risk their very
HIVES in its defense.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

PAssUMPsIc RAILRoAD.-Att the annual
meeting of the Connecticut and Pas
sumpsic Railroad Company, held at New
port, the following board of directors
was chosen Henry Reyes, Boston; Jo-
siah Stickney, Boston Elijah Cleveland,
Coventry; VIM. Thomas, Emmons Ray
mond, B. P. Cheney, Boston; John Gil
man, Albert Knights, Stanstead. G. E.;
E. B. Chase, Lyndon; Benz. Pomeroy,
Compton, G. E.; Thos. Upham, f. S,
Carruth, Gardner G. Brown, Boston,
At subsequent meeting of the board
Henry Keyes was chosen President, E.
Cleveland, Secretary, and N. P. Lover
Ing, Treasurer. The net earnings of the
road for the last fiscal year were $751;
429.89.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

STRUCK BY LIGHTNING. - During a
thunder shower few days ago the
lightning struck the largest barn be-
longing to Eben Bridge, an extensive
farmer in Pomfret, killing an OK and a
COW, setting the barn on fire, and con-
Stunning from fifty to sixty tons of hay,
about one hundred pounds of wool, a
moving machine, cart, and other farm
ing utensils. The loss was about two
thousand dollars, partially covered by
insurance.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

A SIGNIFICANT MRssAGE.-Among the
prisoners recently arrived at New Or
leans, from Texas, is Lieut.. Robens, of
the One Hundred and Seventy-flfth New
York volunteers. A gentleman in Tex
as, long resident there, sends an i'm
portant message to his uncle, in sarato-
ga,by Lieut.. R. The purport of this mes
sage is as follows, as related by a New
Orleans correspondent of the ALBANY
Journal
"Tell him." said he "as he loves his
GOD and his country, to support the
present Administration, and do all he
can to help reflect the President the
whole future welfare of the country de-
penos on it." He then went on to state,
as ms reasons, thapahe rebel leaders had
placed all their hopes on continuing the
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18
The English papers have rare sen

The English papers have rare sen
sation, and are disposed to make the
most of it. A young lady in the high
est kind of London life engaged herself
to one of her numerous suitors, accom-
panied him to the opera and elsewhere,
and was looked upon as his future wife
of course. One night she went to the
opera with him, and next morning
slipped off and married another man,
the Marquis of Hastings. If common
American people had done such thing,
what a bowling there would have been
about worse than Punic faith. But the
parties were all of noble blood, and the
London papers think it very sharp and
nice proceeding.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

A PREDIoAMRNT.-The other day, as
we have already noted, the Burlington
Sentinel apologized for the resolutions
adopted by the late Copperhead Demo
cratic State Convention held at Mont
pelier, and emphatically repudiated that
one of the series which declares "the
states absolved from their allegiance"
to the Government. Since them the Chit
tenden County Copperhead Democratic
Convention has been held at Richmond
(Yermont) and on the committee of res
olutions OF this Convention was the edi-
tor of the Sentinel. The following was
one of the resolutions reported by the
committee and unanimously adopted,
"Resotoed, That we cordially qppyOUe o"
Me resolutions and candidates of the
Democratic State Convention, and we
will give our hearty support to the
nominations.
This places the Sentinel in a rather
embarrassing predicament and it will
doubtless be interesting to observe its eff
forts to extricate itself.
The fact is, the Sentinel makes an ef
fort to act the part of a fair and sensible
paper and at the same time to act with
the Copperhead party, which is an i'm
possibility and naturally results in
predicaments." 1t must either, like
its Coppefhead contemporaries of this
state, sink all pretensions to fairness,
truth and right, in short go the whole
Copperhead, or else-cut loose entirely
from bad company.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18
Government Securities as an fn-
yeStment.

There is one view of investments in
government stocks which has not been
generally taken. If taken by shrewd
capitalists and spectators it has not
been generally considered by the people.
1t is this: When after long suspen
sion, specie payments are resumed, ell
stocks and all prices Immediately and
largely decline, but Government stocks
do not materially decline. This fact we
assert on the ground of historical expe-
rience. 1t is true that in the war of
1925 Government stocks fell at one
time to 10; but most of the banks were
then suspended or bankrupt, and there
was comparatively little currency in the
country to buy stocks with. But sup
pose the gold value of Government
stocks were this day 70 (the lowest
they were ever till now sold att the
market value at the present rate Of gold
would be 1876, while in fact the stocks
are selling below los. Surprising then
that the market price of Government Sc
curities were, by the resumption of spe-
Gle payment, to go down to 20 in July,
the decline would be IS on los, equiva-
lent to 33 1-3 per cent, while the de-
cline on railroad stock would be near
ly or quite equal to the whole present
difference between gold and paper. A
common railroad stock, selling now at
105, would decline to 55, or, in the best
| supposable case, to 60. This is illustrat-
ed by the history of every suspension of
specie payments we have had, and there
are many business men who will recol-
lect what the prices Of produce, stocks
and all salable commodities were after
the commercial revulsions of 1887 and
| 1S39-40. In 1841, AZ and 49, prices
were reduced to degree now scarcely
credible. But Government stocks did
! not fall materially. On the contrary, it
it is the settled principle, deduced from
all experience in England and this coun-
try, that Government funds do not fluc-
| tuate to the same extent as other kinds
of property. There is good reason for
it. The time, rate of interest, and secr-i-
| ty are all fixed and permanent.
There may be some variations in the
market price, owing to the greater or
less bulk of the entire currency, but
there can be none in the intrinsic value;
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

MCCLELLAN DEMONSTRATION. - The
demonstration in favor of making Gen.
Mcclellan the presidential candidate of
the Chicago Convention was had at New
York city on Wednesday night accord
ing to programme. There was an i'm
mense gathering of the New York ad-
mirers of little Mac. The speeches
however amounted to nothing, and the
speakers were generally men Of no repu-
tation or influence. The vallandigham
peace democrats have Their meeting at
Syracuse next week.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18
The swiss Address.

The following is the excellent address
forwarded to our Government by the
people Of Geneva, Switzerland:
"Peopls of the 1naerican Un,on-The peo-
pie of Geneva, in meeting assembled as
the Electoral Hall, address to the peo-
pie of the Union brotherly greeting and
testimonials of their lively sympathy.
The events which are happening In
the bosom of the Great Republic of the
Union have not found the people Of Ge-
neva Indifferent. 1t is with painful SEN
timents that they have witnessed the vi
olation of the Federal compact by some
States. 1t is with grief they have seen
States forget that federative unity ID
proclaimed by the Constitution that
such unity was recommended and main.
tanned by the first Presidents of the I'm
ion-the immortal Washington, twice
elected President, 1880, 1898, 1897
Thomas Jefferson, twice elected Presi-
dent, 1901, 1909, &c.
The people of Geneva offer the most
ardent prayer that, inspired solely by
patriotic thoughts, the States still in
revolt may range themselves ever under
the Star Spangled Banner of the Union.
The people Of Geneva, with all their
wishes, forward this movement, because
thenceforth liberty will be triumphant
without distinction of race, at the North
as at the South.
The citizens of Geneva recognize that
strict solidarity exists between free peo-
pie that one of them cannot suffer
without the others experiencing a sad
counter blow. Convinced Of this truth,
in the presence of the civil war, which
facilitates the projects OF the enemies of
the American Republic, they believe it
to be their duty to give expression to
fraternal word of encouragement to re-
publicans on the other side of the
ocean.
People of the United States, the only
Republic of Europe, Helvetia, has had
also her moments of intestine strife and
attempts at separation. She has come
forth triumphantly from these trials
She has come forth stronger, more uni
ted than before. Those of our cantons
which formerly wished to separate,
would now rise without distinction to
uphold the Federal compact. 1t will be
the same with the American Union. The
Southern States will comprehend that
the safeguard of their independence and
of their prosperity is to be found in the
CONSTITUTIONAL liberty.
People of the Union Soldiers of the
entirety Of the country Courage and
constancy. You have our sympathies,
because in defending the Union, you also
defend liberty. You abolish an odious
and crying shame of part of the Uni
ted States-Slavery.
The violation of the Federal Constitu-
ton by some States of the Union has
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

The father OF the boy seemed unwn-
ling to press the case any further. His
son is ut Harris Island, where it is din-
cult TO obtain his presence. Thus Ma,
gee and Murray are out of what prom
Used to be a bad scrape for them, and
severe lesson for substitute-runners In
general.-7roy Times l0M inst.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

Lady Franklin, the only discover
able remains of Sir John, goes heartily
for the rebel cause, and lately gave a
magnificent dinner party to their lead
ing representatives abroad, in London.
The reason she hates the North is-they
say-that our philanthropy and enter
prise threatened to give her back her
husband alive!
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

PAssUMpsIo BANK.-At an adjourned
meeting of the stockholders Of the Pas.
sumpsic Bank, held on Tuesday of last
week, it was voted to close up the affairs
of the bank, and committee was APP
pointed to negotiate the sale of the real
estate and other property belonging to
the Passumpsic Bank, to the National
Bank Of st. Johnsbury.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

SuIcIpE,-A man named slye commit.
ted suicide in Williamstown, on Sunday
by hanging himself in a wood-shed.-,
He attempted to kill himself three or
four days previous. He was about 20
years old.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

DEATHS OF VERMONT soLpRRs.-The
following recent deaths Of Vermont SOL
diers in the Washington hospitals are
reported
Geo. Haskell, Co. F, LIST Vt. Cavalry 1;
Samuel ]. Jackson, Co. l, 18th Vt; Benz.
D. Casgell, Co. b, I'd, vt.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

ARRvED.-The seventy-ave Vermont
soldiers recently arrived at Brattleboro,
belonged to the First Vermont Battery,
and expected to be mustered out of SER
vice on Wednesday. The officers arrived
are Lieuts. E. Rice, E. +. Greenleaf A.
IL. Gould and l. II. Baker. Capt. Heb
ard of the battery remains in New Or
leans.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

DESTRUCTIVE FIRE.--A special dis.
patch informs us that the Congregation
al Church, with all its contents, includ-
Ing large organ nearly new, was to-
tally destroyed by fire, at an early hour
yesterday Thursday morning, at Ben
nington. Loss $4,000, The fire is sup
posed to be the work of an incendiary.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

PERsoNAL.-Mr. Henry l.. Lamb, for
merly of the Burlington Times, has been
spending the past week with his friends
in Vermont. He is now the leading ed
itor of the Utica IN. W Herald.
Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-18

~ A letter from Beaufort, s. c.,
states that all the Union officers who
were held prisoners at Macon, Georgia,
have been removed to Charleston. A
number of New England officers are
among them.