The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-06-25
Uhe Gmp0tia Ytwa.
SATURDAY. JUNE IS, 1864.
Ruined or Rot!

2"
'Gold is 100, aud tho property of the
country will be destroyed, says Mr. Faint
"Gold is going to 600. and 1 shall be
broke" says Mr.. Weak knees.
II am ruined My bank balance is
worth only fft5-fve cents on the dollar"
Gays Mr.. Neverthink.
Letus stop a moment, gentlemen, and
look into this matter. Facts are better than
lars, and principle is better than prejudice.
You are suffering-yes, suffering, there is
no other word for it--under the delusion
that tie amount Of gold and silver coin in
the country is equivalent of its wealth.
Now, DO you know that the highest financial
authorities have never estimated this amount
at over tive hundred and fifty millions, and
it is probably much less, even in time
of peace. Bat suppose we admit. that 1t Is
three hundred millions; and do you know
that, according to the United States Census
of 1865, the wealth Of the ccuctry--its real
and Isonalproperty--as estimated (raiher
too low than too high) at fifteen thousand
millions. IF you will just take your pencil
and cvpher out the proportion that three
hundred millions in specie bears to fifteen
thousand millions Of property. you will dis
No Twenty-Five per cent? No but
exactly t,ro per cent-that is, the whole
amount Of specie in the country never
was two per cent. or fitch part of tie
epsc;e value Of the property; and if, at arg
one time, the whole property of the country
had been forced to sale lor the specie in the
country, it would not have brought two
cents on the dollar Of its actual specie va,
Ne.
Specie, or tie currency that may stand
for il, is-enly the Convenient and recognlz
ed medium for making an exchange of pro-
ducts. 1t represents property in the mark
. ei, property in transit, but never the fixed
property Of nation. Money is the lubgi-
Gator. It don't make values; it simply lu-
bricates tie machinery, and keeps the wheels
Of commerce running smoothly. When too
abundant, the wheels run too fast; and when
scarce, there is too much friction.
And now, Mr.. Fainthsart, can you pick
flaw in our statement? Is It not abso-
Lutte truth T? But what shah we say to Mr..
Weak-knses, who is afraid of bankruptcy,
and Mr.. Neverthink, who is only afraid oil
his bank balance II Mrs. Weak knees Is
in debt, it 10 now easy to get out, Pay
up while money is plenty. and be happy:
II a mortgage on yQar land wall De due
+ next year or any year, provide for 1t now,
while you are getting high prices for every
ching YOU sell. But, Mr.. Neverthinh, you
have, say, bank balance Of $50. 600.
You are afraid that gold is going up or pa
Fer going down about out of sight, and you
wish to invest this balance IN productive
property. Viii. you buy house worth on
iy $4,000 in specie, and pay 'or 1t . o.
600 in currency Suppose you "i VS. - -
sell that house after the resumpti~." - :, -
Gle payment, it will bring you only y -
600, and you viii have lostexactly 5000
Will that be a shrewd operation We
think we can 'put you up to something
better-something by which you can make
your bank balance or currency not only
worth its face in gold, but premium be-
sides. Tnvestin Government Bonds. Buy
the 10. 4O's. After the war is over, they
will be worth par in gold and something
overland they pay liberal gold interest
from the beginning. If they 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. Ii the law will not pro-
tect YOU in one description OF your proper
ty, il will not in another, and your greatest
safety as well as profit, is in maintaining
and strengthening the Government that
maintains and supports tie law.-Phlodst-
7ohia Daily Telegraph. n