Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1844-11-29
pANlC.MAKING AGAIN.


The edolsts have already their old trade
panic mailing, near four months beioe President elect
take the chair and more than twelve months before the
congress will come toscther.-yt Patriot.
This is the beginning and the gist of the lead
ing editorial article of the last Patriot. The "oid
trade of panic making" forsooth: the people are
to believe, them that the failures, suspensions, and
almost universal bankruptcy produced in Van Blu
ren's reign, were all unreal, unsubstantial, panic
made, paper losses only Truly this must be con-
selling. Pinhng our faith upon the Patriotic ora
Gle. we can behold the awful vision, which fell up
on every body's sight in ~, now passing away ;
the veil, which has so long covered the eyes of ali
the people, is now lifted, and we behold the hun
dreds of broken banks ("wd cats" inclusve,) re
stored and again in full play the suspended fdcto.
ries are again in motion-the broken merchants,
who have been living from hand to mouth, or beg
gng for their very bread again OCCUPY their prince
ly stores and walk erect in the mars of business
the rich who had become poor, now rich again
and the millions Of laborers who had keenly felt
the loss Of place and regular day wages, whose
families had pined in want, while thousands had
been led to intemperance or crime, arc all back in
their old places, and all the workshops ring with
the same joyous sounds of busy, happy and con-
tented life before. Glorious it is, if Van Blu
ren's reign Of terror was but vision, mere fig
ment Of Wing panic-makers." Glorious, too,
must it be to Mr.. Van Buren, himself to find that
the whirlwind of popular indignation, which swept
him from power in $40, was Il mere illusion got
up by the wicked Wing newspapers; to find that
he ,caS re elected and that Harrison was defeated
4 :. L., a.
even at this late day that larrison's death and Ty-
ler's ,reachery were all imaginary aye, douby
glorious, for why may we not equally believe that
Clay's defeat, and the domination of Polk Free
Trade and Slavery are equally illusions But a.
las, we suspect the Patriot is slightly mistaken
the past has not been mere vision the terrible
crisis of'37 was not Wing newspaper panic, but a
really terrible inhiction upon the country and such
we fear will be the fruits Of Polkism, though we
hope for the best ourselves, and have already inyo
kcd our readers to hope for the best.
The idea of the Patriot, that the Wings are now
aiming to produce panic is supremely ridiculous
Where is the man who will unnecessarily sacrifice
his property for the patry purpose of pointing tt
locoiocos and saying "you have done this? Al
W. lNNNie'N
tage and much injury would be produced by rails
ing false alarm it would be consumnatc folly lol
the Wings to attempt any such thing. They have
not attempted it, as a single fact shows that fac
is, that the accounts of suspended business opera
tons come from all points, andfrom points so dis
tant and so quick after the Presidential election,
utterly to preclude the idea OF common under
standing among the Wings to produce a panic. Il
cannot be said that this was agreed upon previous
to the election, for we venture to say that every
where among the Wings there was full confidence
of the success Of Mr.. Clay. We say, therefore
the Patriot is mistaken this is not paper panic
Here is the simple truth: merchants manufacture
ers, capitalists and every body, fear that Folks pol
lev will not be favorable to the business Of the
country Iear that the Tariff will be disturbed; il
word, have very little if any confidence in til,
future. We put it to the conscience of every 10
cofoco to say whether this is not the case will
himself. 1t is so generally, to say the least: an,
this fully accounts for the disturbance or "p,nici
| if you choose, now prevailing. Men who had in
vested capital and commenced operations, trustin!
that Mr.. Clay would be elected and the Tariff sus
tanned, now stop where they are; they dare not ru
the risk Of going on. This is the true explanation
of the facts like the following, which come up t
us from every quarter This shows another thing
viz, that The business Of The country depended for Sc
curly and success upon The triumph Of The Whig,
Had Mr.. Clay been elected, the fruits would no
have been such as have already been produced b.
the success of Polk.
In giving the annexed, we repeat what we sal
two weeks ago, that we hope the Tariff will not b