Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-12-24

men, in flyur Of he.ic; schools, and . -
care tic approval OF -, Legislature
We earnestly urg every teacher in ths
State, and every otlici person who ttela an
interest IN public education 10 represent NJ
this Convention. Us work is a noble cue,
and none should withhold their assistance
-
VIII There BIZ a FAlL ~
FALUES.3
some people are nervously considerations
over the TACT that they discover On the face
Of their greenhacks promise 10 pay dollars
signed by The United States officers, and
INIT Notwithstanding thepr0mise, tbpig saod
Government docs not pay gold fof these
notes, il they should be presented 70 laat
purpose. They are therefore ia stale Of
high moral tribulation over this apparent
'dishonor,H ''repudiation, &C., &c
For our part, VIC are not. We rccplleet
that The people received these notes when
odd was At 4 much higher premium than
HQw that their purchasing power lias in
creased while they have been in The hands
Of the people; SO they surely thus inr no
losers by the greenbacks. If ii is now a
measure Of public advantage to redeem them
in gold, let us do it, but if it will work ipju-
q to the business interests Of the country,
lrtus rather endure our present ills than
rash afttt those We know not Of. We do
n4t NOW pretend to say what the consc-
qlence - Resumption must be, but there
retAuse who do The New York 7i,ibuae
SHOWS I'LL abou, T. Mr.. Greeley declares
that
The gst Of Resumption is general fall
"A twenty 10 forty per cent. in prices, and a
consequent appreciation Of debts. Make the
PROCESS Is gradual rs you will, 1t involves
distress 10 many and at least apparent loss
fall. We shall all be worth fewer d0ltdrs
than now, because our dollars will mean
more after Resumption than they now do.
Wages must fall property sell cheaper on he
Gnsalable the sheriff aud the constable viii
he after good mang fins. We must suf
fer any how but prefer TO take the plunge
At once and be done with it.
such Mr. Greeley says, must be the result
Of bringing gold down-or paper up--to par
Then, we confess that We prefer 10 shiyei
On our present shore ofsuspension. We hay,
s,.en gold fall from 80 premium to 81 Their,
was no such distress and panic aud ruin 4
are above suggested. We will try it OF
that line, another summer. We are no
afraid Of any loud smell Of national dishon
~ as a consequence And we are conf
gent We represent General public feeling
when We say that Il Resumption must brn
such fall in yalucs. We are not prepared i
RESUME.
fHer tis plunge las been taken, N
eley says
Then, men may build houses, and IN
prove lands, and start factories. and III
furnaces assured they are on solid ground
nut. ifyour plan be tried every wise ma
must know that the house he builds in -
OF % will not be worth so many dola
when built as It will cost him, and so wi
decline or postpone the undertaking. IIo
.t.aIauous this must prove to Labor al
iil,slpess, ] think even you must realize.
Then, sir: Why men haze been bull
fis houses and improving lands, and stal
Il factories and furnaces This city had
population, in $50, Of 2l,ooo II built,
IL g. houses, at cost OF SIP. 100
hdll, In is66, ls9 houses, at cost Of $50
l$l; it built in 1861, 300 houses at a cost
Sa9l 900. This year. their number will
siiii greater. Factories have been start
to4laring The suspension Of specie payne
Why 1t Is found, in Philadelphia, that
capital invested in manufacturing has
creased from 81 900, 900, in 1860, 10 -;
$4,000, now. Surely there was no sta
Ing still, there. And ii anybody does
kruw that the men who owned iurna
gr,w rich during Me war and since, lie 4
not know much about making iron.
Whist then, mus, be the consequence tc
these vast Interests. built upon the basis
the prices since 1850, if We are 10 tax
plunge, and ind ourselves to-morl
twenty-five per cent poorer than to-da
ON debts increased, and our property
minished: Does any man doubt tha
must bring fearful and universal disas,
We are no hing but big row of brick
Some stand steadicr than the others,
star; the row and they will nearly all fal
Mr.. Ropes, of Boston, who spoke ct
cstly in the National Board of Trade
CINCINNATI, in favor Of Resumption, saiC
rs, g showing the present trouble
suppose man with $4,000 wants
build ship, to cost $4,000. He doe:
and mortgages her for $4,000. SUPP
"a return 70 specie, and fall Of %
Z cent. in values. The ship is then w
tile mortgage; the builder worth--n
To- q
ing resumption. Let us 60 through
have ii over
Yes said we to Mr.. Ropes, 9,
" true. But what is to become of the
who has already built his ship
AMI that is the question, now.