Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1869-09-28
The secretar,'s Opportunity.

What is happening there gives us small
concern, so far as the parties directly en-
raged are affected. Bulls and hears may
make Kilkenny {, ht of it for all the
public is likely to care. Ten days ago
Gold l35; three days ago it was 1917;
ON Wednesday it was al yesterday 1t
was IA; ten days hence it is almost Ger
tain to be back to l3j. Thousands Of
people, meantime, who have chosen to
bet on its price, will have paid the penal,
ty-with small sympathy. They knew
the risks, and took them with open eyes.
But 10 other and wider circles the gam
bling Of these reckless spectators comes
with the force Of great calamity. Ban
kers' bills were yesterday offered without
takers at 1861; merchants bills were un-
salable at any price What these facts
mean is that the foreign trade of the In
tied States came to dead stop; that
Goods offered for sale for export could not
be sold that goods ready for shipment
could not he shipped; that vessels hall
laden could receies no more cargoes that
- --.L ~-...a----.- -s--,.'...-' A-as,,nan
sevedores, sailors, and the whole army OF
workingmen occupied about our export
trade, ware compelled TO he i,le. The
mischief EXTENDED indeed far beyond these
narrow limits. The Wcst--yhere some
blind people are still fatuousiy repeating
on stunps and in newspapers, that they
don't care if Gold does 60 up, that high
Gold means plenty Of money and biz pr-
ces for produce-the West was warned TO
stop shipments to consignces here who
could make no use of them. High Gold
was found not to make money plenty, bat
to check the activity of what we have.
Stagnation in business, the unsettlement of
prices, present losses, and uncertainty
about the future were the widespread and
disastrous results Of the successful corner
in Gold manipulated By Wm s. Woodland,
Jay Gould, James Fisk, jr., Marvin Bros.
4 Co., Smith, Gould, Martin & Co., and
their subordinates and followers.
Now, unlcr these circumstances, what
should sagacous Secretary Of the Treas
ury do? Is it possible that we have one
that is capable Of missing his opportunity?
lie has an enormous over-supply Of par.
ticularly commodity to sell, and the price
Of that commodity is now unusually and
unreasonably high. He has notes out
standing. on which he is paying enormous
interest, and he can to-day buy them up
at lower rates than he could have secured
at amy time for mouths past. Can it be
possible that any reason couId prevail up
on business man to neglect such an OPP
portunity? And why should not pubic
business be managed on business princi-
pies?
We beg Secretary Boutwell, to perceive
that the interests of the business commu-
nifty and the interests of the Treasury De-
partment are here Identical. The oppor-
tunlty to make great saving for the gov.
eminent is likewise the opportunity to DO
a great service to the suffering interests
which the gold gamblers have paralyzed.
let us have the premium on Gold. now
higher than it has been for many months
past, and higher than it is likely to be
again for months to come, realized for the
benefit Of the Treasury. Let US have the
money thus realized invested in Govern
ment bonds, that there may BE- no suffer-
ing from any artificial scarcity of curren.
cy and that the money Of the Govern
ment may be made effective in paying the
debt and stopping interest. Such an OPP
portuiiy may not occur again in years.
Realize the premium Of your Gold take
advantage Of the market for Government
bonds. Sell your Gold while it is high,
buy your bonds while they are low, and
thus make double profit to the Govern.
ment ard relieve the business community.
Can there be question Us to the busines.
policy of such measure ?-can there be
a question as to the duty Of the Secretary
to adopt it, aud adopt it at once ?-Tri-
bune.
This is the latest thing in the way Of
At Caledonia, Minnesota, a few days
ago, happy couple-to all appearance,
At least--were trading at one Of the stores
At the place, when the masculine portion
of the twain stepped out and procured a
license AMI Justice of the Pea 20, re-
turned to the store, where, taking his
'dulcy" by the hand, they turned from
he counter while a climb of the law TN.