Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1870-03-25
THE GAZETTE
uRDAR FALLS, MARCH 25, 1870,


This great regulator Of trade Is thu
absorbing topic i'm business circles
Whether it will decline to par or &c
np again to n higher rate Of premium
than before. Out best financiers in
cline to the belief that il must come
stilI lower. There are many reasons
why gold must go to par, aud thai
soon. The unsettled condition 81
business under the present uncer'
taiuty of buying has created a desire
that par" quotations should be
reached, and their demand among all
glasses will have the effect to curtail
purchases i'm the belief that prices
must go lower. 1t will also strength
en- the desire to sell or the pant of the
trader, and as prices are forc-d down
gold must follow. Again il is claimed
that tn. vast quantity of wheat now
In store in all our lake towns anil
cities, will create an eager desire To
cell. now, that gold has tumbled. and
the shipments of wheat will inevita-
bly, favor par value, as it will
h lp To pny over balances i'm Europe
instead Of sending gold. This will
doubtless have the effect t" bring the
brlance between us and Europe, in
cur favor. According to n despatch
from Washington, March Sd. 1870,
the balance of trade against this
country at end. of the year was only
S2,rN0N00. These calculations are
brought out by J. G. M. in the OF.
tumwa Courier. We append further
sensible reasoning from his pen:
The capitalists of the Old World,
look with amaZemrnt at the wonder.
full energy displayed, by Americans
In building Railroads, aud they nre
tuying largely Of such securities
We are informed that not day ,r,ss,
~. but some negotiations are cenclu
Died with agents Of European bank.
ers Tor SOME new railroad bonds. be-
ing constantly brought out. Thus il
will te seen that The railways are
Jug wv feSufllitIfOfI,
and make il secure. Ii il the main
cause OF the present decline in gold
Then let ho man hug The deiusi"n al
an advance 10 prices The ,on!itioI
or the country does not warrant ANY
such Inference. While farmers an,
compelled to sell wheat for 81 cents
he cannot pay war prices for what
ever enters into his home use A,
The rate at wages decline, the IaboIel
must he met ty the same ratio nf de
cline, in whatever he buys. The rat,
OF compensation paid for labor, la,
natural tendency to grade itself [,
the market value of prUtlucts. Now
III til" tendency of the times are e
lower prices for lahor, The price O
food and clothing must adjust them
selves To the former, 10y law of nat
ural and equitable proportions. Blu
says one, greenbacks caunot 20 4,
par, until the g0vernma:,; i able I,
redeem them in gold. That .rut,
ment miph: do, If the peopIe of Xii
country lacked confidence in our poy
eminent. The last twelve months
nave wOl Red wonders in the fiuau
elal department Of the nation. w,
zee IN Grants administration q ten
aehcg To economy, and a rigid com
p'iance with honest principles. Pu
tile increase of receipt, aud the re-
uuctl"n OF expenditures together, ",
have net gain of SS2, UsO. 900, to tn,
credit OF Grants first year. as com
pared with the last year of Andrew
johnson. IN one year, Grant has re
uuced The bonded debt over S87. 900,
600. When he assumed control, COL,
cold ut 81 ~. In one year, MarcI
10th, 20, il sold at about Sl.l2. TIL
people firmly believe that he will
give us three more years OF CORES
pondmS progress. In the face q
such advances. do not tell me tina
gold will go up"