The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-08-19
Depreciation ofBonds ana the Cause

Depreciation of Bonds ana the Cause.
We are constantly reminded by the
Copperhead press and spouters that
fiye.twenty bonds sold atone time dur
ing the war.as low as forty cents-that
is the government received in gold but
$40 tor which it gave its obligation, at
six per cent, for 500. But we mus re-
mind them in return that forty per
cent represented the worlds opinion OF
the chances of the Union surviving the
assault made upon it by the Democratic
party of the South, aided and abetted
by majority of the party in the North.
The rates at which our bonds sold
during the war were an unerring indi-
cation OF the chances of the destruc-
ton or salvation of the Union, in the
opinion of the capitalists, in both Eu-
rope and America. From the report OF
the United States Revenue Commits
sioner, we find that the selling price OF
I 80 bonds for the frat quarter of 1852
was 96L cents in gold value; for the
second quarter of the same year, 90 9 10;
for the third quarter, SO; for the fourth
quarter, 80. These bonds were
convertible into five. twenties. Dur
ing the year 1868 the gold price of our
Z. SOs and 5,2Os averaged 81, 7lA, 81
and 69s< for each quarter of that year.
In 1864 the gold price of the bonds were
67, So, 451z and 81. This was the year
the Democratic party officially declared
"the war to be failure" and tried SO
/ Il ~ 60, - bo IL, CT
point our bonds ever reached was in
the third quarter of 1864, in which the
Copperhead Chicago Convention was
held. In the worlds opinion the chances
were largely against the Union sur
viving the attack upon it, and mer
would give but forty to Cfty dollars foI
bond. The defeat of the Copperhead
party for President caused the bonds
to rise six cents in gold on the dollar
In the first quarter of 1860, they were
| worth 81 ~ In the second quarter Tx;
| in the third quarter "a, and since Their
they have averaged about 10 cents. The
| constant clamOr of the Western Cop
perheads to pay them in new issues O
| greenbacks, without making provision
for the redemption of the latter. has
| kept down the value OF our naIiOna
|
II the Democratic party OF the North
had worked as hearty and faithfully as
the Republican party to put down the
rebellion the bonds would never have
sold below ninety per cent aud the re-
bellion would have been crushed out 8
year aud half before it was. The
debt would be less than half what it is
our greenbacks would be equal 20 gold
and our bonds would have a premium
in the worlds money markets. One
half ofthe principal of che debt and all
of the depreciation ofthe bonds anC
greenbacks must be charged to the au
count of the Democratic party. II wal
their unfaithful, unpatriOtic, Copper
head conduct that created halfthe debt
and half the bloodshed; that caused
our bonds to sell as low as 40 cents or
the dollar, and gold at one time Il
mount to $50, and all the nations of the
earth but hopeful Germany, to give VI
the great American Republic as lost
And yet these disloyal wretches WHIT
brought the Union to the brink of an
utilization by their lack of patriotism
are brawIing for population, because
| forsooth, the bonds did not realize thei
full face in gold