Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-05-20
The same budget for 1904 would sum ups

This expresses in the ~ciearest manner the eff
fects of the fraud, extravaganza, and waste We
are suffering for under the rule of this Admin
istrston.
Gold, if left untrsmmelled by legal restrict
ions, would today be worth over 300. The
| difference between its real value and its forced
yslue is being reapsd by foreigners. ia 81
| shipping rs their Injuries at exorbitaBt prices.
aad drsiniag the country Of the precious metals
to pay for them.
The case of the artist, journalist, physician,
lawyer, salesman, clerk, etc is worse than that
of the mechanic, for they ave obtained no sd
vance Whatever for theft labor.
Dealers in ssecks and mining shares are
making exorbitant profits wholessle merchants
are reapiDg a harvest; retailers barely keep up
to the general advance; owners Of real estate are
falling behind, and had better sell ont and in.
vest in something that pays better skilled labor
is wretchedly remunerated, and, always will be
IS long as we have q paper currency and those
who live By their brains had better emigrate "a
California or go to Europe.
All this is now going on. The stock market
is crowded with operAtcTs-wholesalq merchants
are g~leAting over their good -fOrtune-retailers
are enyious Of both, and long to tTy-thsir hands
in William observation-disclosures and householdeTs
are selling their property-meohanies sTs either
striking tor more wages OK accepting the extTav-
aoant bounties offered for Tecruits-And the wise
are filing every vessel that leaves the port for
San Francisco or Liverpool.
The amount of deposits in the savings banks
of this Stats in 1860 was $64, 600, 600. Witt
this money they could have purchased IS much
of anything in the above list Is now costs 50 o.
for 81. Their savings have thus lost sheiT pur-
chasing value to the extent Of 204 per cent. We
would advise them 10 consult some experienced
person, aud invest their money in something
that pays better than greenbacks, which gain
Eve per cent in interest, bat lose sixly-eight per
cent. annually in the value Of the principal
Stocks, merchandise, or sven real estate, is pref
| cradle though real estate Is n poor purchase.
We have repealedly urged upon the readers
of this column to buy gold. On one occasion
We gave them 4his sd vice when gold was At 35
The very next day it commenced rising, aud adj
vanced nearly 20 per cent. during the ensuing
! week. Agsin, in tho Reeerd of two weeks ago,
which, in order to give an early report on the
strike bill, though dated on Saturday, was in the
ha1ds of ell our city readers on Wednesday
morning, We made use of the following very
decided language:
1--WE are receiving 8 good many e-ommunics-
tons from time to lime, asking our advice about
making investments. We reply to all such in
quiries If you are not very familiar with the
tricks and double dealings Of the stock market,
keep oat of II. Fully half Of the stocks now
on the market are worthless, and many that sre
not worthless, are worth 30 little in comparison
to the prices they bring, that to invest in them
Ia az dangerous IS putting your money in 4 bal
loon for sAfe-keepmg. We regard al these hub
bles a. a species Of g~smbling-aIiks ruinous and
depreving to the operator.
But how shall we invest our money You
tell US it viii daily become more worthless
What shall We do Answer EaDest in gold
Don't be afraid. Iaeesf In g0!d. Remember
that If it went down to-day, It could only fell
from q rise Of 20 per cent while provisions,
closhing, and furniture would fall from & rise Of
over 2e0. Remember this and 6Hg geld.