Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1869-06-01
The Rise in Gold.

For some unexplained cause gold has
been advancing for several weeks, till now
it reaches 242-with prospect ola further
advance. We do not exactly understand
the theory Of this sudden upward tendency,
though we suppose the wise ones do. When
we were in the midst Of our internecine
struggle, with gold rushing up day after
day, learned men attributed the constant
rise to its scarcity, to its withdrawal from
the common marts of trade and to its con-
centration in the hands Of the brokers,
stock spectators, and the gold gamblers
of Wall Street, who were 50 powerful that
combined they could defy the government
were in fact a world by themselves, 50
that when their world moved others had to
yield. But now we are in a state Of pro-
found peace, with no prospect Of war on
our hands, the Alabama claims and the
triple alliance bugbear to the contrary
Notwithstanding while secretary Boutwell,
is steadily disbursing u million Of bullion
per week and retiring an equal amount Of
much the volume Of our national debt
vet gold is on the ascending scale in spite
of the secretary's weekly disbursements
and its still accumulative tendency in the
vaults of the treasury. We are told by
those protesting to know, that the cause Of
this rise is owing TO a conflict between "the
bulls and the bears" of Wall Street on the
one hand and secretary Boutwell, on the
other that the former see in the policy of
the latter certain destruction to their sys-
tematized swindling in gold which they
have persistently followed since the com
mencement of the troubles between the
two sections of our country, and they are
therefore determined to break him down.
Wall Street does not wish the secretary to
pay out his gold in liquidation Of the ma
tioual debt nor for any other purpose. Ey-
cry dollar that is thus paid out more firm
ly establishes the national credit at home
and abroad and with our government cred
it at par, its debts ali paid, its notes and
bonds as good as gold, where would bc the
commerce in it? What would their traffic
i'm it be worth? In order that the gold
gamblers may thrive the credit of the ma
tion must be depressed, and the secretary
of the treasury take position second to
them, while they run the government in
their own interest This is about as the
case looks to us, though our knowledge Of
finance as connected with national affairs
is very limited. We have a second war on
hand. The first was with King Cotton. ~
The present is with King Cash In the
first great battle cotton was forced to sue
cumb to the hardy sons of toll, and we fee
assured that king Cash will be compelled
to yield to the same mighty power. The
new secretary must triumph. He is right
beyond peradyenture. Let him continue
to pay out his gold and shrink the nation.
al Indebtedness. There is no sense in om
boarding it in our capacious vaults. PLUCK
will always win while a hating and timer
Gus course will ANONYMOUSLY fail, ever
when backed by the strong prestige of right
We believe we have a strong man at tn
head Of the treasury department and w
wish him God speed in his fight with tn
gold gamblers and stock spectators OF
Wall Street "And all the people sa!
amen"