The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-22
". even-ThiIties a, Par"

seven-ThiIties at Par"
From the Tribune.
If General Banks had waited day or two, he
minht have found an illustration tor his glorii-
catiCn speech more suggestive than any perhaps
in the marvellous array OF facts about national
prorress with which he starded Congress. He
would have found the money column in his
morning newspaper leading oil with the an
nouncement- "Seven-tbmties at par.n SO natu-
rally came this statement, that people accepted
IL u. matter OF course; an ordinary consequence
uf national existence; q mere tnanCiel growth.
yet when we look at it closely, we find that this
one sentence quoted closely, IRON CONNER
cial report, 'Seventh1rtes at par" is remark
able illustration OF nationality.
Where are the wise men who told us with so
many warnings that the national loan was
merely the sliding glacier upon which We were
whIrlmg to destruction, and mad Jay cooke,
crazy Jay Cooke, wicked Jay Cooke, who ven
turcd the belief that the glacier was not
glacier alter all, but sure, hrm, solid ground,
where grass would grow some day, was held up
TO rCplobation Jay may have been TOO en-
thus.astic tor us. We thought so at the time.
We 90 not think so now. He had his ear close
down, near to the heart OF the people, and he
felt every pulsation strong, regular, and deep;
no sign Of Ossihcatlon or syncope; and he knew
that that the people we're true, and that whether
it were one million, or ten thousand millions,
every dollar would be given to the nation, even
to the last COW in the barn, or the last sheat OF
wheat falling under the reaper.
Poor maD-begrmed and dirty-take out your
green seventhirty, smooth Its creases, ana glad
den your eyes! No mercurial mining stock,
thai, representing the Cupldlty and avarlce oil
some scapegrace speculator who lives in Paris
ON your good hundred dollars, and leaves YOU
WELL so much silk or linen paper, value ten
cents pound. Widow, your husOand's pension
and bounty and mooest life insurance (he who
was offered up at Gettysburg sacred burnt
offering that the nation might hve) are securely
bound in that bright, gaudy, marrow, couponed
green paper. No trust companies nor Insurance
direcJors-nay, nor savings Oank people-haVe
held them at a beggarly four or five per cent,
with chances of iauure; OF ships going down al
sea- of land.rats and Waterfalls, and dancers OF
fire and flood.
Safe and stanch they are, and your seven dol
lars and thirty cents interest is as sure on the
first of next June-as sure, we were about to
say, as death, but the simlle is rather sad one
and may you live many years, and see these
brighteyed, orphaned boys grown up to honor
ana fame, as men worthy OF inherlting their
fathers sword. Sink your furrow deep, and roll
in the harvest, Squire Ezekiel, and buy that
ten-acre field, whose purchase will gladden.
your heart. Seveu-thlrty has your money
tight and strong-the money of crops
and haryests-that you gave so tim
idly last fall to the eager Jay Cooke. Go up to
bank to-day and take it back again If you will,
dollar for dollar of principal, and penny for
penny of interest. You would rather not
Wen, we thought so. For knowing good thing
when he has it, commend us to tins same Squire
Ezekiel, who bends over his plough to-day and
wishes that he had put the other thousand into
Seven thirties, and never listened to the people
who insisted upon his buying into the EldoradC
Mining Gold and Silver Company, which was tC
pay him fifty per cent. May you live to see youl
EldoradO at par, Squire, which is hoping that
you Will become a very old man.
"SEvEN-THIRTIRs AT PARW What world o
triumph, OF strength, Of natural cor ience, o
virtue, OF real lusty manhood, lies in the depGh
OF that simple commercial sentence. In the fac
OF hundred predictions-in spite OF the nationa
khatN eat TopffO nov mot
wilhstanding the great debt which was to welgl
upon us like the burning mountain upon writh
ing Enceladus, this -Thirty-the emblem
OF Americas FAITHS to-day at par. In tn
meantime, we have dismissed armies; we hav
broken up our navy and sold it piece by piece a
auction; we have sent million of men home t.
loom plough, and anvil; we have gradual
driven down gold until specie payment is almos
at hand. In it's own speedy time tnat mus
come. We have kept the Seven-ThirtY at PAL
That is one good thing: Now let us have dolld
for dollar-and make the greenback as good a
gold, or rather, as we hope soon to say the gol
as good as the greenbacK.