The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1864-04-16

aides. The ides 10 still entertained, howev-
er, In many quarters, that . portion Of the
price 0! gold. which 10 the most conspicuous
index Of the depreciation . due 20 speculs-
ton, and that Il may be reduced 5y some
extraordinary movement Of the Treasury.
This 10 . mistake. and one frsught with
grave consequences. Gold 10 relatively
cheaper than other articles 10 the existing
state Of We currency, and to act upon the
assumption that Il is too high will be injuri-
Gus 10 the government interest. The real
position Of affairs should be boldly met and
provided for. The difficulties grow
u the fact that too much paper has been is.
sued. and TOO little money raised BY taxation.
This system should be promptly reversed.
The paper money out ought 70 be funded.
and taxes levied 10 meet the interest a. well
as the current expenses. n this were done
gold would imme disteIy fall to par. o. rather
the currency would rise 10 par. The ex
penses Of the government would decline
one half. and every mans income would be
doubled-,hst 10 70 say the same money in
come would buy double the food and manu-
features.
On the other hand. II he preseut system
goes on, there 10 apparently no outlet; con-
tinued depreciation in paper; continued rise
in prices. 40 arithmsticsI progression ! n ex-
penses, and final bankruptcy, are inevitable
All parties are looking 10 this result. and the
mode OF investing money 90 that i viii pre-
vent the catastrophe. 10 the growing ankle
" in the public mind. The gold bearing
stocks OF the Government are possessed OF
this attraction, that promising the inter est
in gold. they seem TO guarantee an income
which will be Independent, Of the deprecis-
ton Of the currency. and thus place the
stoc kholders above the reach Of those disss.
sers that thesten the working manor he who
lives by bis weekly wages. Il must be
borne in mind, however. that the two must
stand or fall together. The Treasury cen
not, by indstion, 60 on giving bonds for
two or three gold dollars. where Il gets only
The value Of one. This may seem 90 exsgge
ration; but take IN example. Il 10 estima-
ted BY some Of the iesding bankers connec-
ted with the foreign msrkets, that in the
Lee, FIVE months ten millions Of dollars Of Ave
twenties have been sent 70 Europe for sale
and on orter. Many think one half this
amount 10 tho maximum. These bonds
we're, al the last dates. dull At sixty three
cents per dollar. These bonds m,y be paid
in five yesre, but must be paid 10 twenty
years. Il they are paid in gold, the buyer
Of one thousand COLLAR bonds.
Pays. 3 $50
lie gets twenty years interest q 8 per
cent 81 ZOO
Bond Al maturity 1000
Receipts 81 for one paid on $4,000
This depreciation Of the currency increas-
es this rate Of interest, which is frightful
For every dollar now drawn from Europe
So so is to be earned and paid. But ,hi'
lie not the wvrst. The dollar drawn from En-
rope il in The shape Of wines, Ike, diamonds
all that fosters that ostenta'ious display
which 10 exciting the fears Of the far-sight
ed. Bonds sold in Europe are drawn against
and the bill sold to the elk and wine mer
chant. who pays for il in the legal sende
he gets from the contractor and the shodd!
dealer. To pay the bond the farmer sn
his heirs are to toll through long years
whereas, II . tax were now imposed for th
Government expenses, those expenses shout
BE- one half in amount. and would not b
lswollen By accumulated interest. II tsi
millions dollars have been sold in Europe
thirty five million dollars must be sent d
lpsy back, and the borrowed money will no
produce dollar for is own repayment :
i Who 10 to pay q this rate the two thoua
} and millions now stsndingi The psps
I money. II paid q al. must be funded in
stock, and where is the gold 70 como from
There are very few people who think tn
next years interest will be paid in gold
J and il doee not seem possible that Il shouIt
60 on until May twelve months. When tina
| crush comes preceded, - i may be. By sucl
d depreciation Of paper q will make loo
Ia N.s. Vrsk eoss ras hu a. "A 1,llspa uvha