The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-10-28
The Panic.

Pending the late canvass in Pennsylvania the wings
made the most efforts 10 rghten the good peo-
pie OF that State by creating a monopolis panic The
condition of the New York money market, caused by
sudden and unexpected contraction OF the New York
banks was relied upon sufcien, foundation for pro.
ectonst Trades against our commercial system the
prolific source of nnumerable woes. The wings had
been dealing in frghtfu pictures TO unlimited extent,
and for a long time. The revenue bill 10 crush the
national industry and the independent treasury TO
destroy the currency But The fa,es unpropi,ious
The spirits, though called failed TO come and the
try much the modification of federal prophets and the
discontinue OF the friends Of special privileges and class
legislation. continued obsnaey prosperous Labor found
remunera,ng employment, capital found profitable invest
ment. and found abundant reighs; the reve-
nues OF the government increased the currency re-.
manned healthy and despite foreign war; and political
and commercial commissions abroad unprecedented pros
perity enjoyed by the people of the United States
Still; the wing leaders continued foretel the coming OF
ruin apooEzng for its delay by nnumerable and con-
ncting But during the in Pennsyl ania
they assumed confident Tone and affirmed that the
long xpeced darkness had set nhat total eclipse had
actually commented They eagerly pointed the money
market OF New York aft rmng tina, the tariff had deanged
the currency and Frustrated Pennsylvania labor by pros
trang the owners of Pennsy forges and coal fields
1t has always been favori,e scheme OF the wings 10
fghten the people OF The Keystone State by pancs made
order the OF election. We trust that the
returns will teach them lesson and tina, they will
learn from the triumph of Bgler and the defeat of John.
s,on that it is better appeal to the reason, Judgment and
patriotism of an enlightened people, than to attempt to
frigb,en them by doeful cries, and sheeed spectres
manufactured by political magcians We have wing
evidence Of The materials which composed those lately
exhibited in Pennsylvania. The general eommiuee OF
rhig young held meeting in New York on the l7h
pudiaed the cry OF distress which bad been uttered in
Penns vania and bore ferven testimony to the unpe-
ceden,ed prosperity which the country enjoys under the
benefceni operation OF the financial and commercial
policy Of The democratic party. The committee held the
following emphatic language: i0
"R,oipsd, That county, so free, p,o'psroNs and
hoppyso bsd wh all that ds,irobk in land tesvt~g
w',h ps~ty-so rich IN the fuis of infr~o and ETERNAL
rsahso mighty in the possession OF vast rivers and lakes
nerce surrounded by the great OF enterprise and
tsdecitizcns Of country eminenty intelligent, psr-
otto, and industous-of country, 100 IN ersrNhirg ~oo
frdeatrg hoi glorious which has only been lore
shadow ed by the historical past and the bo.~gd pess~f
&c, &c.
These admissions, coming from wing source OF great
Influence in the Empire State, worthy OF consdera
ton in view of The course pursued BY the wing party in
and indeed great extent in all the
States of the Union They acknowIejge that our peo
pie are Free prosperous, and happy that the land is
,eeming with plenty and rich in the fruits Of internal