New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-21
"sEyEN.THIRTY AT PARy,

"sEyEN-THIRTYA AT PARv
If Cen Banks had waited a day or two, he
might have found an illustration for his glOrlii-
cation speech more suggestive than any perhaps
in the marvellous array of facts about national
progress, with which he startled Congress. He
would have found the money column in his
morning newspaper leading off With the an
nouncement-" SEvgS-THIRTY AT PAR" So
naturally came this statement, that people &C.
cepted it as matter Of course; an ordinary
consequence Of national existence; mere
financial growth. Yet, when We look at il
closely, we find that this one sentence, quoted
from a commercial report, Seyen-Thirties at
Par" is remarkable 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
whirling TO destruction, and mad Jay Cooke,
crazy Jay Cooke, wicked Jay Cooke, who
ventured the belief that the glacier was
not glacier after all, but sure, firm, solid
ground where grass would grow some day, was
held up to reprobation! Jay may have been too
enthusiastic for us. We thought so at the time.
We do 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 ossifieation or syncope; and ne knew
that the people were 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 sheaf Of wheat
falling under the reaper.
Poor man-begrimed and dirty-take out
your green seven-thirty, smooth its creases. and
gladden. your eyes! No mercurial mining-stock,
that, representing the cupidity and ayarice of
some scapegrace Speculation, who lives in Paris
on your good hundred dollars, and leaves you
well, so much silk or linen paper, value ten
cents apound. Widow, your husbands pension
and bounty and modest life insurance Che who
was offered up at Gettysburg a sacred burnt
offering that the nation might live), are secure
ly bound in that bright, gaudy, narrow, COM
poned green paper. No trust companies, nor
Insurance directors-nay, nor savings bank peo-
ple--haye held them at beggarly four or five
per cent, with chances Of failure; of ships going
down at sea; of land-rats and water-rats and
dangers of fire and flood. Safe and stanch
they are, and your seven dollars and thirty
cents interest is as sure on the first OF next
.June-as sure, we were about TO say, as
death. but the smile is rather sad
one-and may you live many years,
and SEQ these bright-eyed, orphaned boys
grown up to honor and fame, as men worthy
Of inheriting their fathers sword. Sink your
furrow deep land roll in the harvest, Squire
Ezekiel, and buy that ten-acre field whose par
chase will gladden. your heart. Soyen.Thirty
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 4 you
will dollar for dollar of principal, and penny
for penny of interest. You would rather not !!
Well, we thought so. For knowing a good
thing when he has it, commend us to this same
Squire Ezekiel, who bends overihis plow to-day
md wishes that he had put the ether thousand in
to Seven Thirties and never listened the people
who insisted upon his buying into the Eldorado
Mining Gold and Silver Company which was to
pay him fifty per cent. Nay you live to see
your Eldorado at par, Squire-which is hoping
you will become very Old man
"SRvEY. THIRTY AT PAR" What a world
Of triumph, Of strength. of natural confidence,
of virtue, of real lusty manhood, lies in the
depths Of that simple commercial sentence.
In the face of hundred predictions-in spite
of the national ruin that was set apart fol
us-nay, more: notwithstanding tho great debt
which was to weigh upon us like the burn.
ing mountain upon writing Enceladus, this
Seven Thirty--the emblem Of Americas faith
is to-day Of par. In the mean time, We have
dismissed ormies; we have broken up our navy
and sold ii piece by pioce at auction; we have
sent a million of men home to loom, plow
and Gnvil; we have gradually driven dowr
gold until specie payment is almost at hand
IL rs own speedy time, that must come. W,
have kept the Seyen.rhrtv Mt pr That is on,