Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-09-08

EetYact 9C Letter Jioa, tic se2s, celitey ore Ris
iIL', Doeed, P,Ooi6escc. Jag. 81
Iii!s town and its neIrhborlloOd, which were con-
sae!ed as the richest according to population il! the
United States and, perhaps, yet re so-hayc cyDe-
E!4nced very hard times" Many worthy AID indus
tiioas ana enterprzing men, and lately regarded as
very Wealthy, have been compelled to make assign
ienS ~ their properly, and seek relief under the in
s1Iclt laws % The statc-end yet, without exception
- lar as am informed, sustaining the character OF
h'Hest men The embellishments ofthese and others
severely affected the standing of certain individuals
pi uadoabtcd wealth, and confidence seems to have
been generally withdrawn ftoni the manufacturers
10Y Iie-e'cI rom the most prudent and subsan-
i.o o. ITEM from what learn, the state ofihnrs
a. this place, at PdWLucket &c. was very gloomy
!! not awful three or four weeks ago, with fearful
Looking at passing events, and fearful appre-
tensions Tor those which were to happcn-few ind
'iduas, III large business, being without the ranre
the ruin that prevailed. The panic that was felt.
cA2eeding! added TO the amount OF real difficulties
and what appeared to have been Ike 1goyst ssatn f
lhings was ti.us encountered But the pcopln soon
Dcgan TO rally their spirits-the probable extent
losses by individuals, began TO he asccrtained-the
banks and monled men djscJininated between the IN
embarrassed aud those that were Iusgyent: and
though business has not resumed lis former liyrljnos
confidence Is returning and the people are restored
10 considerable degree Of cheeruincs in beno much
fcAeVed OF their approximations of the luture-lor
'iSFe Is great satisfaction asc.taiIiDu the lfpl of
an injury inflicted The recuniarv cu,;,a rYnssnep,
That prevail mere wore mainly, and, with d lev Ok
c7ptlons, we might say, exclusively. caused by ex
Ntaol'e tNtcSOiS OF DiSliSSS, ana liiadylScG
mutations OF water privileges aud other real estates
"sJ5!cG by tire reduced price oimanuiG ctEred uudds
ara giut OF the market for them These are ihinns
Mi.ch nsi~i regulate themselvCs-and they will rem
.2'c themselves. And the property, real or personal
enemy remains ior future operations. Individuals
HtTe GGePly sulered-eXcC!enL men nave been cast
nom rear wealth into actual poyerty-but the hustle
ahd business, t"lit and industry, OF Providence and
- ncIghJOrhood viii not long be seriously affected
livery establishment remains In full operation and
5 NOt expected that any will be stopped Or at I,a.
l25 any considerable length Of tine. Adversely has
'1nght wisdom and IS bringing about rci;,rIua lions
N theory, we'll practice, Of most yyhole,ornc
etoractef. 4 greater variety will be given to the
productions 81 tie spindle and the n-and ven.
iure ;hc opinion that really better business viii he
done here within six months than at any time within
"a year or two pasu Aien Will speak of huodrcd
thousand dollars with more respect than formerly
an consider Wn before they invest or make them
sc.' g responsible iJi tie pay mcnt of such SUM-
.et, IN my Cp9ipE the 9epCralst ofsociey viii be
IS comfortable, Though less apparently prosperous
ttan heretofore. Mare business viii he iFalsa. ted
for money and less OH credit ond tho caiami.ias of
those ~ho have failed IN their projects or rarsi,i;s
VII 6cacOHs to guide and preserve their s,c
CcscTs. irderd-niany Of the best informed gersous
believe That t5o evil times through which they have
passed however distressing they have been 10 irai-
yldIais, will rasl. ~ general good. Tho Industry
~ rhe acc9.-tlcIr pcrseverHg spirit and rood hab.
l;s. r..TrinS q capital more valuable than ten
F,ues @ aIn uut Of az t.J' Ass b up io.:-.lliv rc-
inyn: t'oiGs a-a nj stand ~, 1r3 '.s ,r. rui= rs
before tie ja,. e17basrass'nau-r chl. r. H.. these