Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-02
The /" BubbIe.o

The writer of the remarks" is skill /
ful Gnancier, and his opinions on his |
specially are entitled to great weight.
1t seems presumptous in an editor who
has not made fiscal science special
study to differ from such an authority;
but at the risk Of being considered au-
dacious, we venture to express doubt
Of the validity OF the theory--which has
given the Copperhead organ q welcome
text on which to further discredit our
moneyed system--that "We are all
riding upon bubble that may explode
at any moment"
If by that "bubble" our system of
Government currency be meant, we say
that that system has been our only sal
walton during this rebellion. Without
it, the Government finances would have
broken down, and the rebellion have
been success and the Confederacy an
independent power. Let the people
stand by that currency to the end and
all will be well. Whatever may be the
mercantile price Of gold, grsenback is
a legal tender for all private debts and
all public dues except duties on imports
and interest on the public debt
No promises to pay can be better
secured All the property in the United
States is pledged for the redemption of
the Treasury notes, and the National
Bank currency is predicated on the
bonds OF the United States, which viii
all be paid to the last dollar, and the in
terest on which viii all be paid, if the
Government stands Can we imagine
that the latter will be destroyed2 No,
not while "a man or dollar" remains
to uphold it, This Government is so
strongly established in the affections Of
the people that it viii Withstand every
thing but the "wreck of matter and the
crash of worlds" When the "solid
earth" on which We live bursts like
huge bubble" then will the American
Republic perish; and whom that hap
pens, and not before, may we expect to
see the bonds and other liabilities Of this
Government become worthless, unless
traitors get control of the Government
for the purpose Of Undermining it, and re
pudiate them. So long as the people
are true to themselves and their free in
stituticns, SO long 10 our Government
safe, and consequently our currency.
But if it be meant that our whole bust
ness system is bubble" we grant
that if there are many debts created-ii
business is not done for eash--there il
danger Of collapse. But our informa
ton is that very little crediting is nov
done, and that the mass of people ar,
getting out of debt, and not getting il
debt again to any considerable extent
If so, how can there be any serious
storm 2 Where is it to come from
II man be out Of debt how is he to sui
fer2 The constable and the sheriff vii
not serve executions on his property j
he owes nothing. What, then, has h,
to fear except want, as a consequences o
sickness or other misfortune? Sac
prices for labor as are now paid wer
never paid before, and although every
article of luxury is high in price, AM
the necessaries Of life are costly also
the people at large fad it easier to liv
than ever before, Copperhsad fAult-6nd
ing and croaking and bowling to tn
contrary Notwithstanding. And, more
. over, many family las its private saw
). ings in safe and reliable form, viz: th
Government currency, that has Away
b lived from hand to mouth."
This currency-these terrible green
backs that act on Copperhead as
piece of red flannel does on turkel
gobbler or mad bull-will buy all kind
of property, yea, even a fee simple
Gods free soil; and many poor men 81
living well, making their families con
Portable, and buying homes for then
n who before the war never hoped I
be able to own real estate
. Our merchants and manufacture
h were never in anything ike as good col
re dition as they now are All who are n
out of debt can blame only themsslve
= They give little or no credit, and have
or doubtful outstanding debts to ann,
Id them like horrid nightmare. If
II merchant be prudent and lay in mode
{. ate stocks, and replenish often as o.
T. admirable telegraph, mail, railroad, al
Al express facilities enable him to do, al
n if he risk not too much by large We
J lures for the sake of the acquisition
c. sudden wealth, how is he to safer, al
% where is the "storm" to come from th
.ly ia to swamp his vessel, granting that o
&c first premise is true-that the curren
" he receives for his merchandise is s.
y. without doubt
ter Our .farnaers-ths bone and sinew
the Ibody-politic-are they not gettil
fair prices for their producer Supposil
: that good Providence blesses the
sr' with average crops, are they not paid
= well for their labor as ever before7
nd IS true, hands are scsrce and the price
md labor high, but American ingenuity a
80 industry and capital furnish them 81
Il. stitutes for hands in the many lab
N. saving machines that are in the mark
: sr' If the fsrmsrs-ths foundation Of Q