The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1864-08-16
fLEMs IN ANNANgE I
aAF 14N tNpuF 1nl YfAn l
Rainedor Notp

d country aiIl be destroyed, say,
Alr FanlAoJi.
Gold s Going up, and shall be
broke, says NJ Weakness.
n m ruined Ny bank balance
nol torth City eems on the dollar
y N Nseuhnk.
l.e' d iop momeui, gentlemen.
an3 look tfo ils matter You arr
suG ring under a delusion that tho
amount of geld aud silver coin in the
country i au cquiyalcn. Of is wealth.
Now, do yon know ihal the highest
dHaneal butterflies have never est,.
mlelfhi- amoant ai over two hnnd
rel and df y millions, and Il i prob.
lh'i much less even il time Of peace.
Bai suppose We admit that thai L Is
three huash sst~sillionst agsl new slo
yen knaw that according 70 tlIc ungl
ig3 state. Census of 1860, the weal,h
of The cuuHiry--iis real and rersonsl
property was estimated (ra,bcr too
laa ihN tou hieh) ~ fifteen thousand
Wttan Il you viii just take your
pencil and cipher out the proportion
h5ttlree hundred millions in specie
beats g fifteen thousand millions Of
property, yoR will discover That Il -.
wbaty fifty per- cent? No Twcu.
y five per cent? No but exactly
tco per cent. that islhe whole amount
Of specie in the country never was
two percent, or alifticth part OF the
specie value Of the property; and IL.
OF any one time, the whole property Of
the country had been forced TO sale
for the specie in the country, it would
rot have bought two cents on the dol
lar Of its actual specie value.
Specie, or the currency thal may
stand for it, i only the convenient and
recognized medium for making an ex.
change Of products. II represents
property in The market, property in
transit, but meyer the fixed property
OF a nation. Money is the lubricalor.
Ii don't make values it simply lubri.
Gates the machinery, and keeps the
wheels Of commerce running smooth.
ly When too abundant, the wheels
runtoo fast and when scarce, there ia
TOO much friction.
And now, Mr.. Faintheart, can you
pick q Aaw in our statement Is il
not absolute truth 2 But what shall
we say to Mr.. Weakness, who Is
afraid Of bankruptcy, and Mr.. Never
thiRk, who is only afraid Of bis bank
balance. VI Mr. Weakness is in debt,
il Is now easy to get out. Pay up
while money is plenty and be happy.
If mortgage on your land will be
due next year or any year, provide
for il now while you are getting high
prices for everything you sell. For
example, if your mortgage is due
three years from date, and you have
ibe money, and your creditor won't
fake it--you have only 10 invest tho
IN Z. 5. notes bearing Seven
and three.tenths interest per annum,
and Il il certain to be really for him.
But Mr. Neyerthink, you have--say,
a banb-balance of $4,000. You are
afraid lhat gold Is goiug up or paper
going down about out OF sight, and
YOU wish to invest this. balance in some
productive property. VIII you buy
i house worth only $4,000 in specie,
and pay for it 100000 in currency?
Suppose you wish to sell that house
after the resumption Of specie pay
mcnts, it win bring you only $4,000,
and you will have lost exactly Sl0,-
300. Will that be shrewd opera
ion? We think we can put you up"
10 something better--something by
which you can make your bank ball
1nee or currency not only worth its
face in gold, but Il premium besides.
Invest ia Government securities. AZ
Ter the war is over, they will be worth
par in gold and something Overland
they pay liberal interest from the
beginning. If they are not safe, then
30 property is safe. The same spirit
1f anarchy that would repudiate your
property in the national debt would
repudiate it in your house. 1.-THE law
@iIl not protect you in one description
of your property, il will not in anoth-
ar, and your greatest safety as well as
profit is in maintaining and strength
aning the Government that maintains
and supports the law.--Thiid. Duty