Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1869-10-13
CHICAGO CORRESPONDENCE.


Wall Street GambIers-Rise and Fall
of Goid-Trade-Novel use of Pepper
Rock River Paper Company-Pere-
grine PiclSIe-phe Sensational Drama
Money, &c.
CHICAGO Oct. 1, 1869.-The antics of th
Wall street gamblers have produced quite
commotion in financial circles. Mere he
evil results Of their vilany confined to the
gamblers themselves, few would mourn while
mutltud IS would rejoice. That so many of
them have come to grief is cause + public
| conSratulaton. If those who counterfeit the
currency, or sign forged names to CONNER
clal paper, deserve the penitenhary, those
who reckessly, or for the purpose Of enrich
| ing themselves by dishonest combinations,
values, derange the business interests of the
country, and bankrupt or beggar thousands,
richly merit a berth in the state prison.
RISE AND FALL oF GOLD. .r
OF course the fluctuations in the price of
gold III few days from 135 to 1872, and
down to l28, stopped, for the time, the eX-
port of breadstuffs, and deranged both the
dry goods and the produce market, and
caused stagnatlon and doubt in c0mmefclal
circles. But such violent changes, f ON such
causes, can only be temporary in their effects
upon the general course of trade. There has
be en- no permanent change of values. and
theIe is no danger of a financial reyulsion, if
the public funds with as much prudence and
common sense as good merchant would
manage his own BUSH ess affairs.
SECRETARY BoUTwEILs POLICY.
Secretary Boutwell, knows, or ought to
know, within a very small limit, Just how
much money he needs for the next six
months. The appropriations are all made
for the year, and he knows what is to
be paid i'll each apartment of the pub
licservice. He knows, too. what his resources
are, and what to expect if the country enjoys
ordinary prosperity. Let him sell his sur
plus gold that he does not need for green
backs, and with those purchase U. S. bonds,
keeping enough of them uncancelied to be
reconverted into grecnbacks should the Trea-
sury need them, and thus keep the money in
circulation where Its use viii DO some good,
instead of locking it up where It is useless,
and thus doing on larger scale what the
Wall street gamblers have just been doing
on a smaller one. The result OF this policy
would be to enhance the credit OF the Govern
ment and the value of U. S. bonds, and by
making money easy, SO that all hlnds OF
business would prosper and the people be
able to pay their taxes and other debts
increase the resources OF the Government
Secretary Boutwells policy is good as far as
it goes, but it does not GO far enough.
1t is just as unWisc for the Government, III
debt, to hoard money which it does not and
viii not need for running expen ses, instead
Wy
private individual in debt to hoard his
money and refuse to pay his debts. In the
latter case he would be adjudged dishonest
and unworthy of trust.
TRADE,
in the wholesale department of dry goods,
hardware, boots and Shoes eloaks and cloak
ing, millinery goods, leather and findings, and
some other branches has been good. Some
OF the leading houses report larger sales last
week and last month than at the same period
in any previous year. But with smaller
houses trade ls backward and dull
NOVEL USE OF PAPER.
The novel application of paper for
building purposes, which [ had occasion
to notice last year, has proved q
great success. Since that time [ have
observed its use in both the exterior and
interior parts OF buildings, and can speak of.
it more definitely and positively. And as
whatever conduces to make good homes
cheaper and moro comfortable is of general
interest, I shall render the public q real ser
vice by describing this paper and its uses
The paper is made compact ard solid, under
enormous pressure, with hard finish, so
that it is imperylous to air, and resists the
action of heat, cold and moisture, making
houses lined with it cool IN summer
and warm i'll winter. 1t neither slIrinks
nor swells, is q non-conductor, and can be
used in building at any season Of the year,
saves all the expense OF lime and sand and a
large amount of lumber and labor, makes the
house warmer than if built in the ordinary
way, and any one can apply il. In prairie
or windy country these advantages are of
great value. 1t IS used largely for sheathing
on studs, inside or out, before siding or lath-
ing, and under floors and shingles, making
wood house warmer than a brick one; over
Iathing or ceilings, to be papered instead Of
plastering and for roofing. 1t is cheap,
that to cover the outside of house % 36
and 20 feet high costs but $40
THE ROCK RIVER PAPER COMPANY
Manufacture this paper, and also the Satur-
ated Roofing Felt, which, with their Quartz
Cement, is the best possible covering for
roofs, for cneapness and durability cOmbin-
ed, because it is fre-proof unaffected by
heat frosts or water, will not run, and
though elastic, becomes as hard as stone |
They have been making this paper plain and
saturated, over year, and so great is the |
sale, that though they keep their mills run
ming making from eight to ten tons daily
they cannot supply khe demand. The te8ti-
mony of the most eminent architects, as /
we'll as of all who have used it, is uniform as
to its great value and tritling cost. Many OF
the best buildings in Chicago arc covered |
with it. But all classes, the rich and the |
poor alike use it. How many homes will !
hereafter be built and made comfortable by
It's use at small price 1t is the beginning
OF a revolution in building, the end of which |
cannot now be foreseen, nor its priceless
benefits lie foretold. For it bears with it, |
tHIOuSl Hil OH6 coming years, 10 u great !
multitude, economy, comfort, health and
happiness.
Those interested to learn all about the
value Of this building paper, its cost, and
directions for applying it, should address
Crock River Paper Co., 13, La Sale street t, !
Chicago" and they will receive pamphlets
giving full particulars, free of cost.
There IS nothing new i'll literary circles.
''Peregine Pickle"3Geo. r. Upton, Of the
Chicago Tribune, is about to issue a book |
containing his Sunday letters, Or parts of
them, to that paper. IF wisely edited it viii
make readable book.
THE SENSATIONAL DRAMA
has nearly run out. 'Form0sa" has had It's !
day at all the theatres here, and eeasing to
draw is, or is about to be, Withdrawn.
MONEY
is working close and becoming scarce, owing !
in part to large grain receipts and small ship
ments, eastern dealers being unable to pay
an advance for large consignments, owing to
arrangements in financial matters. AS a
consequence produce rules lower. b.