Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-05-15


bond Of 800, If purchased in gold, can be
bought for $50. In twenty years $l00 in gold
must be paid back for il, and tho accumulated
iIimple interest win amount 70 $l20 in gold.
This is giving 1920 for $50, q eleer gain ef
isI60 to the capitalists. II purchased in paper,
Is yields IN annual interest Of six per cent. in
ynld, whieh is already equal 10 ten in paper,
and this is another powerful means Of ineEsss-
ing the rich mans wealth. Then look at the
contracts he has given out to enrich his friends
;sl2 paid fol. condemned musksis that were af-
ierward sold foE So, and Again were bought for
800. Thousands OF dollars per deg given to
charter vessels thst were not worth three dAys
lire st the contract prices. Millions squandered.
upon = worthless navy, built upon the theory
that steam cannot be used expansively with
economy and olhsr millions laYished in useless
f,rti6caiens at st. LouiS, or ssnselsss pAgssnts
at Washington.
Speculator-Bus Mf. Chase is not responsible
for these last exfTsvagancies.
Edltor-Not directly. Yet may it not have
been apart of bis plan to encourage them,
knowing that they could not fail 10 promote tho
objects be had III visw-c8ntTaliEatiOn of power
sad privileged Gristocrscy. They certainly
eiluld never have been. indulgsd in had it rot
bsen for the legal tender law he caused. TO be
pissed The secretary was. doubtless, thorough
y SwEre OF the Influences Of his system, when
h, said, in bis last report that t'every holder Of
treasury note was bound in the direct ratio Of
itlI velue 20 the Government that issued IT,"
Although this declaration is not ceneeG, The
intention. of it is sufficiently manifest Lock q
the invidious efforts he has made, too, to intro
dIcs and establish his pss blank system, under
which 3 now hUIde of pE1tisans will be appoint
cd and pEtrOniEed. Indeed, nothing has been
left undone that eouid possibly contribute to-
wsId the grand design I impGte to him, or those
WHO manage him.
Speculator-Thsn you do not believe him 70
be the chief mover in this airocons scheme
foI acknowledge the cleArness Of your views.
You clear up good deal that was Uusee0unta-
bic to me before.
lsditor-No. think that Abraham Lincoln
and tie small bus powerful Federal party who
back him, are the prime movers towards mon
aTchsl government.
sipeculator-I didn't suspect that fscesious
individual of enough ability TO occupy sueh a
position. He has shown less sistegmsnship than
the imbecils King Bomba.
Naturalization Lincoln does not possoss :
single element of stRiesmaHship, bat, with John
FoIney and William 81. Seward hs possesses the
ssrlricss of, perhaps, ths Ablest politicians IN
America. As party manager himself, he hiss
few equals ana as such is moIe to be feared
whan entrusted with power than host Of lie
reditEry tyrants.
spsculitez- Bat what does he know of
fnaicsi
Editor-Enough to subvsrt the art TO his Do
liticAi ends. While in the Illinois Legislature
he was always on finance or wAys and means
committee.
Speculator-Enough. see through the whole
game. Democracy has lived and died in The
United States, snd conscious as I am that we are
at lis invisible burial, 1 could almost weep a.
the loss. / feel as though the market hsd fallen
twenty per cent.
Eaitor-Your Democracy is less matter of
| principle than of interest then 7
| Speculstor-Psrdon me. It's hard to " cut
( the shopi" though, as an excuse for the Wi
-gariiy of my simile, I may ssy that fall OF
twerty per cent. in stocks would make me
beggar.
Editor-A1d is it possible you risk so much
: the chances of the stock mRrketf
Speeulator-0hl I've m&de my calculations,
and my Investments will be sure to double
themselves within the next fortnight. After
that [ shall Withdraw, iurn everything into gold
and clear eff TO Europe.
Chatting in this way we presently eans upon
large brick building near the roadside a Thin
wIessh of smoke cuIled laEiy from its tell
chinnies, and weak column Of white vspcT
arose oeeasinHlY from its exhaust pipss These
L
] idlcnsss induced us to entsr. We found the
place deserted. The workmsn had evidently
gone to dinner and left the monster engine to
itself Everything was in its place thoagh
The fires were lighted, steam IN the boilor and
chest and the valves adjusted 70 prevent its
! furthr accumulation, and to cut it off from the
engine.
ILs giant arms shons with repeated 5urnish-
ings, and its cylinder was as polished as a mir
ror; everything was in,its proper place, and the
whole interior had an sir OF regularity, order,
and silhdued power. My friend no sooner OBJ
served the engine, than he ran TO It and exsm-
| ined its parts with the air of connoisseur. He
showed me thst the boiler YVES q tubular one ;
he explsined how the governor was governed; /;
he demonstrated the number Of feet stroke the
piston had what kind of q cutoff was used
and traced all the connections, Deitings and
shafsillgs, till they ended in the steam hammers
! they dIOve--shoWing thst tbs place was an i'm
mense forge of some sort. Ny friend was anx-
ious t. show how these worked, and assert ted
his experience to be quite sufficient to set the
whole machine in melton in 3 few minutes.
4" You have only 30 cut this Of" " said he, and
turn this over, and twist this wheel little, and
adjust this helting; and you will have the saiiE-
fsctioEl of seeing the WHOLE thing in molten, and
al tha hammers working away to perfection"
Upon questioning hiTa about his experience in
engineering, il came cut that he bad never driven
nn engine il his life, though be had studied tha
subject deeply. and was well acquainted wish
the works of Watts, Msrriotte, and other Celeb
rites. He knew the history Of the steam en-
CINE from its hrst inception to the present day !;
and every detail of its construction was as
familiar to him IS the management ofa ''eorner"
on the stock exchange.
begged him on no aeeOun. to triae with it,
telling him that wss sufficiently satisfied to
regard it in state of response, l cOald easily
imagine how il would puff, and turn and 6Ezs,
/ and how the hammers would clatter away on
their anVils Besides that 1 begged him to re-
membsr thAt the mschine did not beleng 90 us,
snd that the owner upon his return would be
very lilts obliged to Us for interfering with it
But my friend, bent upon having his own
way, assured me that he was IS much the owner
ss any body else, for he remembered being the
pesseuSr of considerable of its capital stock.
Being of rather a conservative turn Of mind,
and not oVsrgiven 10 experimenting, I pru-
dsesiy feireased to the door, while my friend
} Advaneed toward the msehine and began bis
4 mAuipIlagions. He handled two or thTes levers,
| turned wheel or two, and with loud snort
and plunge, the mighty engine commenced
heapinR into motion. PonderOns wheels 70
vovedr and giant arms stretched forth to their
mighty task. Ny friend, psTspiTiBg with un-
/ WOQteC oLe4tlO1b, Dut,LGuAHt HAlA kH6 5uCBebs
/ Of his achievements, now stood lesniDg against
au iron pillar, absorbed in the eVolutiOns Of the
engine
Presently he turned round snd bsckonsd to
me- i" Pray come in" said he, " Mr.. D0ubter,
and lei ne chow you the working Of this cutoff,
and then l viii shew you how steam can be
used elspansively" He said this gaily, and
| with sia air of assurance that almost tempted
me to 0nter.
But my old prejudiess stiIl clung to me, and
I couad.not bring myself TO confde TO mere
thsorist. remained at the door, lit a fresh ci-
/ gar siid looked on. Ny friend, evidently re-
solved that should know all about steam en-
rines for the future, went on to discourse lesrn-
edly u5on the subject. he said moro 10 half an
! hour than could write ia volume, snd 10 nv
]