Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-04-06
Aaftsmall' . 5ournal.
CLEARFIELD, Pa, APRIL6, 1861
CORRESPONDENCE OF THE JOURNAL.
PHILIPsBURG, Pa, Mar. 2Sth, ls64
Letter from Philipsburg, Pa.

PHILIPsBURG, Pa, Mar. 2Sth, 1864
DEAR JOURNAL The allusion made, in
my last, in reference to the matter of gold
and our greenbacks seems to have created
some talk on change, and the bears have
taken especial means to show to the unitia-
ted that, after the war, the greenbacks must
become worthless. The other day a farmer
stepped into one of our stores and enquired
the price OF provisions, groceries, &c-said
he wanted to buy but had no money He
was responsible and the merchant told him
u was all right order what you want, and
L Will put 1t on the books" The farmer
bought bill of sundry articles and, when
about to go, said to the merchant "I could
pay you If was In Clearfeld few moments.
had $500 IN greenbacks, but happened
to tell one of the monied men when in that
town the other day. that | had that amount
of money of that kind, and be told me that
had better not keep it on hand-thdt he
9coutd take at at per cent. So | gave it to
hlm- These greenbacks, or government
paper, will not be worth much, " the farm
er continued, after the war is over The
merchant said to him, why you must he a
democrat 2' Yes" he repGed, Il am a
democrat, Then said the merchant, ''the
monled man IN Clearfeld that you lent your
money to on interest, is democrat?'' Yes"
SAID the farmer, he Is, and of the copper
head stamp" Well now. Mr., Farmer do
you suppose that this man would take your
$500 IN greenbacks, which he tells Won is of
doubtful value, and make himself RESPONSE
BILE TO you for that sum and SIS per annuni
interest, If he really thought 1t was of doubt
tul value do you suppose that any one of
the monied men of Clearfield would take
these greenbacks and pay per cent inter
est for the use of them and become respon
slble for their face to you, if they thought
them worthless? Do you not see that the
matter Is certainly an absurdity? That
monled man has approached you In such
a manner that you thought he was in sym-
pathy with you, and did not want to see YOU
loose $500 by the bankruptcy of these Uni
ted States, but he ,could take 1t and are you
. per cent ana loose the principal and all
for your welfare generous man Well. If
you Will let men dupe you in that kind of
style, you ought to loose your greenbacks.
Ii you have not got more respect and love
for your country than to trust $500 OF
her money to a specializing Copperhead
In preference to the United States loan. then
YOU ought TO emlgrate to some other part of
the globe; for the man that has not conf
dence enough In the country that protects
him. to sustain its money, should not seek
that protection. There is the game that
these profess be-a-loyal men play They
readily take the greenbacks at per cent,
when the government takes them on her
oan at per cent payable every six months
in gold, which, at the present premium of
gold, would bring the annual per cent up to
9G10 per cent interest. And, no doubt, but
many OF these same men, who cry down the
greenbacks, invest them in this very u. s.
oan, and thereby really get the greenbacks
or 2(93 per cent interest per annum, from
,he farmer or original lender
why Is 1t that people will be so blind to
heir own interests? Why is it, that peo-
Die will lend money to these men who are
continually harping about the inability of
he Government TO redeem its paper? They
certainty must consider the GROWERS bet
er than the Government, or they would not
prefer to lend their money to them in pref
rence TO the Government. If the country
becomes bankrupt, do we not all go in the
anne boat, or do the ''harpies' insure these
rrowiers life gum band" that will ride
he breakers OF the financial ruin that the
see in the distance? If anv
nan Will look for moment, he can satisfy
himself that the greenbacks are not depre
latlng, to the extent that gold is at premi-
IN. The fact that there is always differ.
nee between paper money and gold, in time
war, has been the case In all wars. It
ry country that ever engaged in war The
Importers of New York city alone require
500, 900 in gold per day, to pay their du-
les on imports. That all goes into the u.
I. Treasury, and it accumulated there to
in the Treasury boarded up
-ithout any remedy to dispose of it until a
ew days ago. This daily drain Of 100000
J gold from the channels of trade and com
lerce, and the natural hording of gold in
me OF war by the timerous, soon created
demand for the precious metal. The i'm
orters must have their goods to get them
ley must have the gold; to get the gold
icy must offer premium; the bulls
I'D bears are on hand and up it goes,
ld down 1t comes, just as the public pulse
appens to beat. Hence the advance of
Did on our greenbacks Stop importations
Id In short time, dollar greenback will
on par with dollar in gold. LERoI.
1aE Washington correspondent of the