Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-09-02
Ruined or Mott

eFolo Is 25U, and the property OF the, country
Rill be destroyed, = says Mr. Faintheart
Gold is going mp, and | shall be broke, . say:
Ar. Weakness.
Il am luined Hy bank Balance is not worth
Fifty cents the dollar, says Mr.. Neyerthnk
Let US stop moment, gentlemen, and look in
TO- this matter. You are suffering under delu.
sion that the amount of gold and silver coin In the
country Is an equivalent Of its wealth. Now, do
you knog that the highest financial authorities
have never estimated this amount at over two
hundred and fifty millions, and it is probably
much less, even in time OF peace Bus suppose
We admit thaa it is three hundred millions and
now do you know that, according 20. the United
States Census Of 1860, the wealth of the country
It's real and personal property-wss estimated
(rather too loW than 90 high at ffteea thousand
millions If ysu viii iust take your pencil and
cipher out the propoI ton that three hundred mil
lions in specie bears tC dteen thousand millions Of
property, you will disc yer that it S-wbat fifty
per cent. 10 Twenty-Five PER cent. No !
but exactly tleo per eeat-that is the whole
amount of specie in thl country never was two
per cent, or Ettieth part Of the specie value 6!
the property and ii at any one t'3ae, the whole
property OF the. country had been forced 10 sale
: the specie in the country, il would not have
bo olght two cents on the dollar Of its actual specie
value
Specie. or the currency hit may stand forit. is
only the convenient and re ;ognized medium For
making an exchange of prt5 nets l. represents
property IN the market, property in transit, but
never the ikea property OF Il nation Money Is
the lubricater, Ii don't ma ke values il sia!pIy
lubrieates the machinery anti keeps the wheels Of
commerce running smoothly. When too album
dant, the wheels run, toe fast and when scarce.
there Is too much friction
And now Mr., talntheart, can yon pick a flaw in
our statement Is it not absolute truth Bat
what shall we say to Mr. Wee.kknees, who is
afraid of bankruptcy and Mr Aeverthink who
Is only afraid of his bank balance If Mr. Weak
knees Is IN debt, 1t is now easy to get out Pay
up while money Is plenty and be happy.
Ii mortgage on your landwilt be due next year
or any year, provide for it now waile YOU are get
ting high prices for everything ou sell For ex-
ample, II your mortgage is due three years from
date, and you have the money and your creditor
won,t take it-you have only to invest the amount
IN U. ,. notes hearing Seven and three-tenth in
terest per anum, and it Il certain TO be ready for
him. But Mr.. Neverthink, you have-say. a
bank balance of $4,000 You are afraid that
gold Is going up o. paper goin down about out of
sight, and you wish TO invest this balance in some
productive property. VIII you buy house worth
only $4,000 in specie, and pay for it $4,000 in
currency Suppose yon wish to sell that house
after the resumption OF specie payments, it vii
bring yoa only $4,000, and you viii have lost ex-
actly $4,000. VIII that be shrewd operation
We think We can 'putyou up to something bet
ter-something by which you can make your bank
balance currency not only worth its face in gold
but premiun besides. Invest in Government
securities. After the war is over, they viii be
worth par in gold and something Overland they
pay liberal interest from the beginning. Ifthey
are not safe, then no property is safe. The same
spirit of anarchy that would repudiate your prop
erty In the national debt would repudiate it in your
house If the law viii not protect you in one de-
scrlption of your property, it will not in another.
and your greatest safety as well as profit is in main
tanning and strengthening the Government that
maintains and supports the law, =lRHaa, Dahl
7eLegrtsph