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Barnes & Co.
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YARROW and others. Government Printing Office.
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& Co.
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NEBULÆ.
--It would seem that we must return to the old fashion of strong boxes,
old stockings, and cracked pipkins as the receptacles of our savings. As
to savings banks and trust companies, and life insurance companies, the
revelations of the last few months go to show that they do anything but
save; that they are no longer to be trusted, and that they ensure
nothing but total loss to those who put their money into them. Ere long
it will be said of a young man that he was poor but honest, although he
had the misfortune to have a father who was a director in several
important financial institutions. The state of affairs in this respect
is frightful; and it frightens. The financial panic has been followed by
a moral panic which is really as much more deplorable than its
predecessor as moral causes are more radical in their operation and more
enduring than those which are merely material. Confidence is gone. How
it is to be restored is a problem far more perplexing than how to revive
drooping trade. For that the real wealth of the country, never greater
than it is now and constantly increasing, must bring about sooner or
later. But if men of wealth and of fair reputation are no longer to be
trusted, what is the use of saving, to put money into a box where it
gains nothing and where thieves break through and steal? Robbery seems
to be the fashion; on the one hand masked burglars with pistols at your
heads and gags in the mouths of your wife and children, and on the other
hypocritical, lying, false-swearing, thieving scoundrels who get your
money under fair pretences, and because of your trust in their
characters and good faith, and then waste it in speculations and in
luxurious living. Of the two, the burglars seem to be rather the more
respectable.
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