Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-08-29
Greeml backs.
dsONDaslsOro.

Mr.. Editor:-I am surprised beyond all
measure because you do not come out a Green
hacker. l have always heard tina, Editors
have but little money even in the best of times,
and in these dull times their purses must be
very low indeed. And as il Is not the cursed
bondholders, hut the moneylcss that turn
Greenbackers, say again that am surprised
that you do not come out and hurrah for Rut-
Ter. kearney and the Greenback cause. / am
surprised at the short sightedness OF people.
Why. in this town Of 40 voters, not fly OF
them will vote the Grcenback ticket at the
next election. Two of our family arc green
bsckers.-1 and my brother. and II you will
have patience l will give you our good and
sufficient reason for turning around.
In is62 we both len home to seek our for
tunes. We had Just money enough to carry
us to Portland. by the help of influential
friends succeeded In obtaining contracts for
paving streets Of cities, and my brother shipped
on board vessel. At the end Of ten years or
in 1877, business becoming little dull we both
returned to our homes. ! the happy possessor
OF $4,000 and my brother 81 900, the result of
ten years close application 10 business. We
invested our piles in Government bonds and
boarded out waiting for business TO revive a
little, but In about n year, or after we had
clipped the coupons twice, we concluded that
epcr cent interest was altogether too slow n
way OF making money especially for men OF
our business capacity, SO we sold our bond.
and ! invested the proceeds Of mine In the
erection of large hotel for the accommodation
OF sum mer visitors, and my brother bought a
vessel for $500 paying down 81 .o01, the pro.
oeeds OF his bonds. and gave his note for the
balance OF $500.
| completed my hotel at n cost Of sl3 900
which was more than had figured II would
cost and 81 900 more than the proceeds Of my
Government bonds which. OF course. | was
obliged to hire. Then a. had hired about all
the money could. mortgagcd the hotel for
5000 10 parties In Boston for the furniture to
furnish It. Well have run the hotel four
years and have Aot cleared enough 10 pay in
tercst on cost Of furniture and hired money. /
had calculated on Is to 20 dollars per week for
boarders, but instead have received only the
going rates, Of course, which has been = to
si2, aud not half house full nj that. The re-
suit Is that have had to go through the bank
ruptcy court TO pay the s4.ooo hired money,
and the entire buildings, contents and site,
would not sell Tor enough TO lit the mortgage
given for furniture.
Ny brother has come out little better. for
he has made living and paid all but 800 OF
the 500 he gave his note for and has the vessel
len, though she would not sell to-day for more
than 81 90.
Now what We want Is more greenaacks.
and the flush times ten years ago.
OF course, such times cannot always last, but
| have learned my lesson. and whcE the crash
begins TO come, rest assured shall know ii
p and neH II do not sell all and invest In
GorerRmeHt Bonds, you may set me down as
no GreeiabackeT.
p. s.-Perhaps YOU will say that every body
may not know just when to spring their trap.
No maiter-The duliest can learn after awhile
lie, them lose their game once and they II DO
better next time, and by-and-bye all VIII be
rich. q.