Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1864-07-15
RUINED or NoTa

"Gold is 100, and the property of the eoun-
try will be destroyed" says MIR. Faintheart
'Gold is going to 200, and shall be broke"
says Mr.. Weakness.
Il am ruined Ny baHk balance is worth
only ffty-6ve cents on a dollar" says Mr..
Nevert hiDk.
Let US stop moment, gentlemen, and look
into this matter. Facts ure better than fears,
and principle is better than prejudice. You
are sufsring-yes. suffering, there is no other
word for it-under the delusion that the
amount of gold and silver coin in the country
is an equivalent of its wealth. Now, do you
know 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. But sup
pose we admit that ii is three hundred millions;
and now do you know that, according to the
United States Census of 1860, the wealth of
the eountry-its real and personal property
was estimated (rather too low than toe high)
at fifteen thousand millions. If you will just
take your pencil and cypher out the proportion
that three hundred millions in specie bears to
fifteen thousand millions of property, you will
discover that it is-what fifty per cent. No!
per eent.-that is, the whole amount of specie
in the country never was two per cent. or the
fftieth part OF the specie value of the proper
ty; and If, at any one time, the whole property
of the country had been forced to sale for the
specie in the country, it would not have
brought two ceuts on the dollar of of its actu-
al specie value.
Specie or the currency that may stand for
it, is only the convenient and recognized medi-
um for making an exchange of products. 1t
represents property in the market, property
in transit, but never the fixed property of ma
| ton. Money is the lubricato=. 1t don't make
values; it simply lubricates the machinery, and
keeps the wheels OF commerce running smooth
| ty. When too abundant, the wheels run too
! fast; and when scarce, there is too much fric-
tieu.
And now, Mr.. Faintheart, can you pick q
haw in our statement Is il not absolute
truth! But what shall we say to Mr.. Weak
knees, who is afraid Of bankruptcy, and Mr..
Neverthink, who is only afraid of his bank-bai-
ance. If Mr.. Weakness is in debt, it is
easy to get out. Pay up while money is plen-
ty, and be happy.
Il ANA Oh JOAA lhAO Will DO NNS
next year, provide for it now while you are
getting high prices for everything you SELL
But MIR. Neverthink, you have-say. bank
balance Of $4,000. You are afraid that gold
is going up or paper is coming down about
Out of sight, and you wish to invest this bal
ance in sumo productive property. Will you
buy house wOrth only $4,000 in specie, and
pay for it $4,000 in currency? Suppose you
wish to sell that house alter the resumption o
specie payments, it will bring you only $I0,.
600, and you will have lost exactly $1,000
Will that be sbrewd operation We thi ok
we can ''put you up to something better
something by which you can make your bank
balance or currency not only worth its face il
gold bu. premium besides. Invest in Gov
ernmeDt Bouds Buy the 10 40s. After tht
war is over, they will be worth par 10 golC
and something overland they pay liberia
; gold interest from the beginning. If they arr
not safe, then no property is safe. The sam'
!, spirit OF anarchy that would repudia'e then
would rob you of yourproperty in your house
!. Il the law will not protect you in one descrip-
tion Of your property, it will not in another
and your greatest safety as we'll profit is il
maintaining and strengthening the Govern
ment that maintains and supportsthe law
Philadelphia Daily Telegraph.