Idaho semi-weekly world. (Idaho City, Boise County, Idaho Territory) 1867-1868, 1867-06-05

wood Cemetery of the Stock Exchange. Mr..
| O'Brien-Orin q Pluribus Unum. Mr.. Tram
Yes, you are one of the many whose epltapn Is
among the tOmbstones. Loud laughter ana
applause, continuing for several minutes at the
repartee. 49, -
| The Comptroller is abroad. He is after the
| delinduents-1700 of these institutions are IN
f1urry-already, the big loans are called IN, and
the street will feel the shock within week.
The recent National Bank failures In Washing
ton. Baltimore, Oil Wells, Newton. Hudson,
Boston and Nashville, are only the pimples, the
slight eruption on the skin, that tells the expe-
rienced eye the painful disease that is strug-
Cling within. Applause. These banks were
established on a ten per cent. margin, 800, 900
bonds gave $4,000 notes. This margin is lost,
and % per cent. more, as shown by the loan ac-
count one hundred million more than last year.
[SensatiOn.
When the country understands this, they will
sell Governments. Then look abroad. Five
hundred millions of our securities in Europe on
call-nominally held at 74-Or 8 per cent. In
gold, while the rOttenest security in the old
world, 3 per cent. British ConsOls are selling
at 81. That shows how little they think Of our
Bond. They are simply deposited there and
drawn against-a simple kytering operation,
which you understand Laughter. When
you want to see what IS going on abrOad-lo0k
at that never-failing Barometer down there in
the southeastern part of Europe, the Eastern
question. All say Peace, yet five hundred mil
lions of Observation-Disclosures needle guns-are
being made. When war breaks out, as likely
in London or Paris as in Greece or Turkey,
back ,ome the Bonds. Send home not $780,
5000, but $20O00,000, and the dozen inter-
national Bankers will rush to the Government
Slaughter House to sell, and the amount will
soon be exaggerated to $200,000,000. Suppose
they meet there some of the liquidating Nation
al Bank Bonds, and other frightened holders of
the Bonds, all rushing to sell-who is going to
buy? Shall ] go OH Cries of !" Yes."] Re-
member that the loan was taken up on mar
gins. We subscribed $4,000, and borrowed
50 500, and kept the mill going all day, making
the man with $4,000 capital talk and act like
the millionaire The Public is Bull on Gov
ernments only when above par-when below
par, they are Bears. Let Governments drop
to par, and down they go to 80. Then Nation
al Bank notes are / per cent. discount Then
comes the rush on National Banks for green
backs and the greenbacks are not there. Sem
sation I What is the result Does Congress
help us? No-the lawyers are in power
what do they care They add $400,O00,000
bounty to the debt, andsadvance their own sal
aries to $1,000! Is the South to be admitted
under the Military bill? No; Stevens holds
the reins; confscation is the order. The es-
tates are to be cut up among the Germans, and
the negroes wiped out. Where, then, are we
floating? Congress sees McCulloch has made
mistake; and as it is an Administration blum
der, the Radicals intend to pass no bill of re-
lief. They will pinch the country this year
and bring on q financial crash in the fall Re-
member this is the panic year of the never fail
ing serews(- Jay it on the Administration Pol
icy, and when everybody is broken, Congress
will meet in the winter and pass Randall's bill,
putting greenbacks in the place of the $780,
5000 National Bank Bonds. Pass another
bill paying duties on imports in greenbacks-
and then another bill paying interest on the
81 00,000,000 5-20's in legal tenders. In other
words, give the country one currency. That
is, twenty-five hundred millions of legal ten
ders, instead of sixteen currencies as at pres
ent. Applause. This makes all happy for
the Presidential election of 1863. Delirium
tremens requires national whiskey to recuper-
ate the system. The whiskey will make all
vote for Radicalism. They elect the Presi-
dent and after that the deluge. Laughter and
applause. JOhnsonin his talk with Halpine--
the Democratic party and the South thinks that
crash will burst the Radicals. Byno means.
They will turnit to their advantage. The next
war is to be financial Land and labor against
banks and bondhOlders-and the former own
the notes. The South had no debit The West
little. The greenback age wiped Off their mort
cages and placed the Load on the back OF the
bOndholders The debt rests uneasily on the
seashore and in Europe, and the shadow is on
the wall.
Paying gold interest in greenbacks is Repu-
diatiOn. you say,-why SO? nearly all the States
have done. it, New York taking the lead. The
fnality ofall the recent Congressional legisla-
ton may be stated IN two words, CoRfScdti0h
in the South and liquidation in the North
[Sensation.l The Chicago papers have already
sounded the tocsin, we are growing poorer ey-
cry day. The $2,500,00O,0O0 debt only cost
81 .250, 900. Hence bondholdersa ask specie
payments. The people who did the fighting
bold no bonds, and ask for legal tenders The
rich arranged to have their bonds free from
taxation. Hence the4rich man, with his mil
lions of untaxed Government bonds, sends his
children to the same schoolWhere thepoor man,
with no bonds, sends his Hence the poor man
is obliged to pay for the education of the rich
mans children as welllas for his own. [Sen-
sation.l But enough Of this You asked me
for a speech and you have got it. You ask the
remedy. Retrepch. You have been dancing
FIVE years and the fiddler demands his pay
{ Laughter When the candle is lighted at
both ends you had better sell it short. Laugh
teri You must stop your mports-deyelop
your mineral resources-fnish the Pacific Rail-
road-cut down your expenses--smoke one
CIGAR lasS-dRink one 0laSsof W hiSkeV less every