Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1854-11-29
nlRn IlNESl

u. om' mo.nluanuiou oroc lhr niuc
o.. brokers or merchants who hava stood
high loo the confidence of tho business
community uui whose liabilities are
large. Whilst some OF the failures have
bcon The result of culrablo il not criminal
conjuc', others have been brough, about
by circumstances operating upon the bust.
ness world for some time, the effect of
which having been rorcsccn by our more
prudent business men, has caused them
so to shape their course, that bet their
worst IoroJodiugs come to pass, they will
escape unharmed, Times are hard -
Men who formerly could command any
amount Of money for their business oner.
oijons now find it difficult 10 realize enough
to meet their urgent demands, Times are
hard Men whose prospects we're bright,
into whose laps wealth seemed to fall, IN.
sought now dread financial crisis ruin
s,0rcs them in the face. Times are hard
And shrowd observers say this is the be.
ginning only Of the end. We have not
yet felt the effect the iIghtness the money
market causes, and the crisis may pass
without detriment TO US, but should things
continues they aro,'or any length ortime,
we cannot help feeling it here. There is
no county in the state possessed Of so
many elements of wealth, and in such
abundance as ours, nor is there one whose
products good and hard times has such an
IcIoyoting or depressing tendency on as
ours. Whilst scarcity of money affects all
sections it must bear more heayiIyon some
than on others. The products of our az.
ricultural districts must meet with mar
ket, until men learn TO live without food.
The vast coal fields Of our State must still
be worked, for wo must provide against
the inclemency Of the seasons. But we
are peculiarly situated. Our products are
most wanted in times Of prosperity, when
men feel that all is well with them, then
they desire TO add ship to ship, mansion
to mansion, then our lumber and our
spars are in demand, and then wealth
pours into our county. Such was the
state of affairs last spring unlimited as
our supply seemed 10 be, tho demand ex.
ceeded II; unprecedented prices were ask.
ed and obtained. We seemed to grow
rich at once. Lands of all kinds rose
rapidly in value. Speculatons were rife.
And now let US seriously ask ourselves
the question, what are we the better oft!
Have we not as other sections of the coun-
! ty, stimulated by uneXampled success, ex.
tended business TO its utmost tension? Have
we not extended all branches more than the
wants of the community demanded =
Have we not,in the hopes Of larger gains
increased our liabilities so that they in the
end may give us trouble and curtai our
reliable capital ? If we have (and we sin.
cerely hope such is not the case) then it
behoyes US as prudent men, knowing that
harder times may and most probably will
come, to prepare ourselves for the change.
Ii this should be good season for hauling,
the high price obtained for timber last
spring, will induce many TO increase their
amount of lumber. There is now a large
amount on the river oflast springs lumber,
which has not reached lis destinalion.-
This with an increase in our annual SUD.
| ply, would have a tendency to lower the
price from last years prices. Should the
times grow harder or remain as they are
In the east, we must expect improvements
10 stand still and the demand for lumber 10
be lessened. We have TO fear a rlutted
market and limited demand. But let
the demand be decreased or not, we would
consider it the part Of wise men, porien.
iious with evil as the times now look, to
endeayor to do their business at present
on solid capital, and contract few if any
debts in the transaction oft, so that in case
the worst comes, they may still be able 10
gather enough Of the fragments of The
wreck together on which they can safely
ride until the troubled waters are slilled.
OF" SebaStopol still holds 0ut," is the
significant news from the seat of war in
Europe, as brought by the Canada. This
news is down to the 27lh of October, when
. IL