Evening star. [volume] (Washington, D.C.) 1854-1972, 1855-06-15
WASHINGTON NEWS AND GOSSIP.

10y SoAA PioAuink sefiSeo'y VA tuo bku6'
ness Of the times, which seems TO Affect their
collections and sales more than at any prs.
vious time in the last year CT remarkable
money pressure in Northern sitiss Indeed,
this state of thinss Is manifest in all business
transacted in ington-meroantile, ne.
ohanical, and professional The alleged
cause is the rapid approach Of the beginning
OF the new fiscal year, the time with US for
the settlement Of old engagements, and the
arrangement Of rev transactions. In the last
month or two Of each fiscal year, much bust
ness OF the Government is done here on credit
That Is, various appropriations fer specific
purposes have run out, and these entitled to
money on account Of labor on or material
supplied for the specific objects referred to.
are compelled to await the commencement of
the new fiscal year, July ist,) before the au.
tnorines can legally touch the money appro.
priated for the service Of the new fiscal year.
Nevertheless, the amount of money due, with.
held for few weeks or months, az explained
above, il but d-op in the bucket when com.
pared with the heavy regular monthly expen.
oitures OF the Government at this point in the
shape Of salaries, wages, 10 The latter,
rather than the former, should regulate the
condition Of business in WASH ngton the
former not amounting to sufficient, certainly
sais year, to seriously affect the business of
our men in trade What, therefore, really
causes the existing money pressure in Wash.
ington? 1t can arise from no legitimate cause
Many of our population, who live on fixed
salaries, indulge in the ruinous habit of an
ticipating pay day, paying from two to five per
oentum per month for the privilege of 50 doing.
No man doubts that the practice Is ruinous
to the circumstances of those who thus indulge
in the luxury of living beyond their means,
and to the habits, tastes, and independence of
all depending on those who do 30. Its result
on the business community with whom they
trade, is the pressure to which we refer above
which is in great measure the fruit OF this
ruinous habit 1t may be necessary for one,
two, or three months, when person in Gov.
eminent employment is getting settled in
Washington; bat he affairs of the man who
makes q constant practice of being shaved at
from one to Eve per cent. q month are in any
other than thriving condition. We write of
this habit which works such seriously delete
rious consequences in this community, more in
sorrow than with disposition to carp. We
have seen it render men Of talents, high toned
character and selfrespect, mean, shutting
and slavish in their souls-slaves first to fash
ion, and afterwards to remorse. and to men Il
times infinitely their interiors in every a.tr:.
butte of manly character and capacity, to whom
they have contracted debts which they cannot
pay as per agreement Silks. sstins, stylish
houses rcgalias, geld headed canes, seats al
the opera, and old Madeira, with their usual
ct esteras, are At the bottom of the missry
arising from the habits to which We refer.
which is equally the lot of the can't pay deb.
tor, if he is man of integrity of purpose
and Of the unpaid creditor. 1t would be glo-
rious thing for tho future prosperity and hap
piness OF this community if the credit system
could be abolished by the dash Of a pen, go
far as the transactions Of all with fixed in
comes are concerned.
There arc many prudent persons in public
employment here who are getting rich-frst,
on their oommendsble self denial, and then
on the use of what they have thus saved from
their stipend by other public employ es, who
prefer to pay roundly for the loan Of small
sums Of money, to retrenchiDg their expenses
IN these hard times to the lowest possible
notch Really, it is almost as easy to be a
lender in Washington, a. a borrower One
years rigid economy will enable almost any
man. on entering Office here, so to do Il
practiced for year, there is no trouble after.
wards in psrseyering in the good habit. Try it
The End Of the Delusion.-At five D. m
yesterday, We received a dispatch from Phils
delphia, announcing the secession from The
Know Nothing Convention Of fifty three dele
gates, representing the States wherein Know
No hingism has really reliable strength. That
is, where the people, being Abolitionists at
heart, hate the Irish and the Catholics of the
United States, because under all circumstances
which have politically agitated our country,
threatening at times to destroy its constitution
by sngrafting on its administrati on doctrines
and measures at war with its true principles,
they have ever been true to il as made by its
trainers. They have from tho commence ment
of the rolling Of the anti slavery ball to this
hour, been An immovesbls and insurmounta-
BILE impsdiment to its progress to success. Such
an animal as Catholic clergyman, or an
Irish, or other foreign born or native Catholic
who Is an Abolitionist, is unknown, absolutely
unknown in the United States. Such facts
give rise to the intense hatred of them which
exists in localities where the South is hated
with equal bitterness, the same class of people
hating both. Wherever Abolitionism Is in
the ascsndancy, there, too, Know Nothingisn Is
to DO permanent institution, and only there. |
The Virginia election proves that 1t cannot
attain a. the South anything like the real
strength and character which the late opposi-
ton to the dominant party has had from the
foundation Of the Government; all tho really
ttuax ~ a hot l.