Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1848-03-17
Panic, and So Forth,

The New York correspondent Of the Nation
Il Inteligencer pokes Mr. Richie in the ribs in
very pleasant and effective manner:
The Washington Union says "the decree has
ropc forth and there is 10 be another money
panic : and it pretends to believe that the panic
is to be got up for the purpose of opposing the
war and the Administration. Now, how much
of panic there is to be, or how much business
arrangement and pecuniary suffering may be in
store for the country the ensuing year, ! appre-
bend the wisest financer cannot predict with
any certainty, because there is no means of
knowing very definitely hO,c much the country
can stand up under. Her power of endurance
is not yet fully tested-the strength Of her nat
ural prosperity and resources and energies is
not accurately known. She can undoubtedly
endure great deal The distinguished Senator
from Michigan thought she might swallow the
whole of Mexico and not be Killed by it: and
perhaps the Administration editor thinks she
might pay out hundred millions year for an
indefinite period to conquer peace with Next
co, and not feel it. Aod il, under the operation,
the whole country shdiAd become convulsed and
cry out with agony, no doubt the government
editor would say il was all Federal lie" got
up to oppose the war. But one fact is worth
two arguments or half dozen unsupported as
sertions. For example.
On "Wednesday last there was sold under the
hammer in this city the largest amount Of calico
prints sold in one day in this country. They
were the stock of one Of the oldest print estab-
lishments in the country, situated at Fall River,
conducted by an old firm of high standing and
credit The firm failed two or three weeks ago,
and their immense stock is turned over to the
auctioneers and sold at twenty per cent. below
recent prices. The government paper will per-
haps set this transaction down as humbug got
.v.1 afnr. tbr.t
Again, there is Just reported heavy failure
in Worcester, Massachusetts,, Of a firm in the
iron trade. And Boston paper says that this
failure was procipitated by heavy failure in
Boston, which left liabilities on the Worcester
house. Humbug says the government editor
nothing but opposition to the Administration.
Again, the Newbuyport Herald says: "The
directors of the Stark Mills, on taking account
of stock on the first Of January, found that they
had lost during the last six months upwards Of
ftiy thousand dollars, or more than one-24tf
part of their capital, which is 10000
Another Federal blow at the Administration
saws Mr. Richie; these fellows arc determined
to get up panic.
Again, the Amoskeag Company at Manches
ter, with capital of two millions and half o
dollars, is unable to make any dividend for thu
last six months Rank opposition to the war
says Mr. Richie.
Again, some of the factories in Rhode ISLAM
have notified their help that they are obliged +
reduce their wages ten per cent. A vile plot
says Mr. Richie, to turn their people against tn
Administration. =,
Again, the Providence papers say, "the mill
in Fall River Ge still stopped" II is only be
cause they wantto stop the war, says MIR Ritehi'
Again, Pennsylvania paper says the iro
business in that State is going to ruin, and {
course nearly half the people in the State mui
be ruined with it. 1t says, "ofers have bee
made by English agents to deliver in the city {
Pittsburg, during the present year, not less tina
ten thousand tons of Scotch pig iron at less tina
S25 per ton" Nothing but rank treason againi
Mr. Walkers tariff and Mr. Folks war, says tn
venerable bellowsblower Of the government oil
gan.
Now, in view Of such outrageous conduct o
the part of the people in attempting to get up.
panic, the editor and the Administration shout
Immediately make diligcnt search among the oil
forgotten enactments of the last century, an
see il one cannot be found to meet the case an
inAict adequate punishment