The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1864-04-14
Our Einan Condition.

Our Financial Condition,
The financial editor Of the New York
Day Book in recent number of that pa
per, among other things says:
--aa"The New York bank statement. this
week, indicates little of financial health or
pecunlary caution on the part of the peo-
pie. Loans are higher than last week by
some eight millions ofIollars, and deposits
have increased only fraction over one
million. These figures show tremend-
Gus money movement; but it is no legiti-
mate business which thus draws out eight
millions more Of loans this week than
last. 1t is no sound commercial operation
that withholds deposits from the banks
Wild, crazy speculation, which is so des-
tructive to the morals of a people, and
which always ends in financial crash, is
the why and wherefore Of this huge bor-
rowing, and the lack ofsurplus for weekly
deposits The laws of trade, based upon
production and consumption, govern no
longer. Like the once revered and re-
spected Constitution, these laws are now
trampled upon. Legitimate business is
ignored To work for living is plebian
To buy and sell goods even, is SLOW" for
one cannot make fortune in an hour
Wall and William streets do that, hence
there only is the field A century ago
it may be more, Holland went crazy over
tulips as we are now going crazy over Wall
street fancies. Millions of money were
made and lost in tulip bulbs. Acres upon
acres set cut with tulips; and to be the Ow-
ner of twenty feet square tulip patch of
the right color, was equal to The owner
ship OF 4 copper mine, or coal mine, to-
day. Tulip fields sold at 81 GOO each, nay.
as high as $4,000 each. and gave million
aires who had plodded through fifty years
of staid, metholical. mercantile existence
ere they reached that financial figure, cut
the counting-room and the commercial
warehouse to speculate upon the tulip bourse
But of course, the explosion came at last,
and then the grave burgomasters of iIol-
land discovered that they had for awhile
parted with THAR common sense, and this
parting cost them dear.
We have had seasons of intense finan-
cial and commercial operations in our ma
tional history. We have had the western
land fevcrs, and the eastern corner lot
speculations We have had local gold
mining humbugs, and morus muticalis
silkworms convulsions, and they all ran
their course, leaving us depleted in pocket,
and while the suffering generation was on
the stage, wise enough to escape ii repeti- !
ton of these attacks, but to-day there is !
another generation to be Taught by expo
rieuce, and the lesson will be 4 bitter one
this time. Extravaganza, profligacy and
crime mark the times Fraud stalks bold
ly over the land. and in the blaze OF noon
day snaps its finger at justice. y corrupt
party in powor makes corrupt admins
tration, and iniquity in high places en-
boldcns common villains to commit the
most atrocious nets with impunity. His
tory will make record Of IA people who
hourished seventy years, and astoundcd
all Christendon with their progress in sci
ence. arts and commerce, also attained the
highest degree Of national and individual
freedom, but who lost all in day, and,
plunged themselves into irretrievable mise
ry and debt, and sacrificed million of
precious lives, the flower Of the nation, in
an unwarranted, wicked war, all through
the election Of man who combined
the heartlessness ola Caligula with the
and timidity of Claudius, a man
who became an object Of the contempt and
the hatred ofhis nation, and the dupc of
his most sla1ish advisers.
Extravaganza is driving us fast to ruin
rs it is possible for us to 80. Our finances
IRE increasing, while the property Of the
country is decreasing, and yet the great"
minister of finance sees it not Demorali-
zation is fastening upon every class-savc
hat of the honest worker, Gods noblest
creation Him who labors by the sweat
,f his brow is yet untainted, and if the
is ever to be saved, it is the hon
est, uncorruptcd workingmen of America
who are to save it.