Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-01-31

Value Before and Since the War.

Value Before and Since the War
From the Providence Journal.
Ii il disagreeable To- us to tell on
readers that they have not nearly
as much value in property a
they think they have. We wish til,
1 fact was otherwise, but it is our oftic,
to state things as they are, rather tina,
as we wish them to be.
We estimate values upon the the le
gal tender, rather than the coin. stan
dard, and are not mindful that there |,
full one third difference In those meas
ures of values. Then we forget to TAX,
into account that the Initiation of th,
currency has put into the power b
speculators to unduly enhancevalues
by creating an artificial demand, fo
property, and by mchopUli.lng tn,
supply. Then we forget that the Gov
ernment has q mortgage upon ou
property for the payment of the Ma
tional debt, equal To one seventh of IL.
value; and that i'm addition To thi,
there Is further incumberance io
municipal and State Indebtedness
which will augment the public char
ges upon our property to nearly TWEEN
! ty.five per cent, or one forth OF what /
Is worth. "
The idea that the country has growi
richer since the war is simply absurd
and the quicker the people are brought
to appreciate the real condition of thing,
the better. The allegation that ON,
million of men, for near four years
Were withdrawn from the producing
classes, and employed only In consum
ing products, but In destroying them
aud I'm impairing the capacity of tn.
county To produce, without impov
erishing the country, is too monstrou'
In belief The men and the capita
employed during the war I'm produ
cling materials of war and supplies TO
it's prosecution, contributed little 4
advance the material wealth of tn,
nation, for these were expended I'm til,
war or left on hard and of little valu,
at its conclusion.
The fact Is, we have simply 'market
up our goods" and based our wealth
upon the advanced price. To sustain
this price We must stop producing
But then we shall soon eat out GU
subsistence. This will not do. Wha
then? This Is "a secret worth knowing
| and acting upon. We will impart Ii {,
our readers. First, discard all thos,
panaceas which demagogues propcs,
as sudden aud complete remedies fo
the evils of the time, aud take to labo
and economy. See that the publ,
affairs are administered upon lust prin
cIples that peace is thoroughly estab
lished, and the productive industry o
| the country is everywhere encouraged
and developed To its utmost capacity
| Ifthe nation, with one mind, shout,
will it, our exports might he doubled
the balance of trade might he turned il
our favor i'm a single year, and from
this source alone, In the course of
comparatively few years, we could pa,
our national debt. But we cannot at
tain this result unless we eeononIiZe Ia
our practices and energies and indus
try. Increase our labor, enlarge tn,
Intelligence by which II IL directed, In
crease our productions i'm quantity an,
kind, enlarge the fields of our com
merce, and open new markets for on
commodities, economise IN our expend
| itures, anil bring tlse consumer an,
| producer In closer proximity. aud util
ize our resources 10y liherating larg,
number of middle men to become pro
ducers, and then by outstanding all th,
| resources OF national wealth, we cal
show that we are not only equal, bu
superior, to oil the emergencies whicl
are upon us.
The times arc flushed, but not will
ealth. It IL the hectic flush whicl
evinces disorder that we see, and it re
mains 20 be seen whether there IL vir
tue enough In the people to apply tn
only legitimate remedies to cradicat
the disease.
We advise our readers to pay thei
outstanding debts, tn be careful hoy
/ they contract new engagements, to tr,
small stocks, 10 sell for cash. or upol
short credits, and To I've content will
small profits and quick returns. No
to engage I'm large speculations unles
they expect to realize upon them a
once, and To proceed i'm their busines
with canton, keeping pace with tn
times i'm the way down to- the speci
standard of values. But above all
let what will come, avoid everything
like panic. ... s..