The south-western. [volume] (Shreveport, La.) 1852-1870, 1855-03-28

IHE CRISIS OF l054.-Ne are lndehted TO
an esteemed friend for very valuable circu-
lar that has just been issued by Messrs, IIat8
q Kanz, of New York, in relation to the s'tri-
sis of 1884, 1t abounds with interesting
facts, and while it compares the past with the
present, it furnishes highly encouraging view
of the future. The crisis of 1854 is attributed
to five causes, yiz:-Our American system Of
granting too long credits; too rapid axten-
sion of our banking system, arising out Of the
gold discoveries Of California; the extraoxIi-
nary Development of our railway system ex-
ceeding our means, and in many Instance an.
ticipating our wants; the warm Europe, where
by the current of European capital has been
diverted from America to the Black sea- and
finally, the frauds and peculations which, by
| ton of credits. But all idea that the recent
troubles should be regarded as but precursors
to crisis similar to 1887, is discouraged. and
for these among other reasons:
!. The country has undergone material
change since 1887. Thus, the territory Of the
Union has increased about one half. Thc last
census make it 2, ,95O 572 square miles.
! 2. The population has increased in the most
3. The tonnage shows gain of more than
$50 per cent.
/ 4. The amount of coin in the countrv has
more than trebled In 1887 the gold mines
of the Atlantic States produced scarcely three
quarters of a million annually. The present
steady, and we may say inexhaustible pro
duchon of the California mines, is at the rate
of more than four millions a month.
s. In 1887, the total debts of the tventv-
six states amounted to 1928, 200, 900. In 85},
the total debts of the thirty -one states did not
exceed $216, 167, 900.
6. In 1887, the taxable property of 6 states
namely, New York, Pennsylvania, Virginia,
Ohio, Indiana and Kentucky, amountcd to
1854, ,516,O12. In 1852, to IS, ,234 587 gel
7. In 1887, our coal mines yielded 887 900
tons. In 1854, 6,55O,OOO.
8. In 1887, there were 400 miles of finish
ed railway in the country In 1854, there
were 49,, 266 miles in operation, and 5000 in
progress.
8. In 1887, the population amounted to
100000 souls. In 1854, to 25,75O,Ct0.
10. In 1887, the annual yield Of goli was
$7,OoO,Oo0. In 1854, $55, 100000.
il. In 1887, the specie in the banks WAS
1856, ,000, ,00o In 1854, amounted to 500,
100000
12. In 1887, the amount of specie in cireu-
lation was $35,O0O,OOO. In 1854, il was
$1Sl ,OOO, ,OOo
49, In 1897, the total specie in the country
amounted to 1878, 100000. In 1854, to $751;
100000.
IA. In 1887, the balance of trade against
the country for seven years, amounted to up
wards of $188, 1884 900, and for the years
ending in 1854, to 3,755,OOO.
j And so in relation to other leading items
The change for the better is truly extraordis
nary. The circular concludes with this Ian
guage:-"The drain of specie seems to have
ceased Every thing leads us to expect that
our banks will continue to increase their re
) serve of coin. Confidence, however, reyycs
but slowly. We must expect some failures in
the spring, but that period once passed, We
> look forward to permanent improv, ment,--
Should Europe renew on large scale, heriu-
vestments in our securities, as we have reason
to believe, the revival of real prosperity vii be
more rapid The prospect indeed is full Of
encouragement.
NOVEL Law SU1T.-A somewhat romantic
suit at law has just been terminated in Frank-
lin county. 1t seems that one John Lescher
became pierced with the arrows of Cupid, and
wishing to heal the wound by lawful wedlock,
he made proposals to the object of his stfec-
Y
but the father, Mr.. Jacob Wyant, being ytIv
prudent man Of much foresight, required the
said John Lescher to enter into bonds of five
hundred dollars conditioned that the said John
Lescher should live with his wife, and treat
her as kind and afectionate husband should
do. But the parties after living togethersomc
months, separated, and this suit was brought
to recover the amount of the bond The case
was first tried at the last April term Of thc
Franklin court, when judge kimmcl decide,i
the bond to be invalid. The case was carried
to the supreme court, and it was decided thHt
the bond 'twas good and valid, and in accor
ance with the law The case, there sorg.
came up again in the Franklin county court,
when the jury found verdict for the rau-
! tiff of 1913 76. The result of this suit may
give valuable suggestion to anxious fathers
whose daughters are sought as partners a The
altar; and an imitation Of Mr.. WANTS FORE
thought would show a prudent concern for
their daughters. Carlisle (Pa.) Demo.
A CANDID MAN.-Mr George Gordon, 1G,
announces himself as candidate for congress j..
the 18th district, Virginia, and assigns, il aa
address in the Wytheve Republican, the fol-
lowing reasons for desiring seat in congre>s
II think it nothing but common honesty 81,
confess that l am mainly moved to becora =,
candidate because of the easy life and high
wages connected with a seat in congress. Nov,
do not mean to assert the life is easy and or
wages high, as regards those who OCCUPY
distinguished place, in the great busne ss Of
the congress of this great nation; aIlu5a ,r
those who stand foot or constitute the tai nF
representation, and of which, there mtst
always be more or less, and of which, tbial,
there may now and then be an election without
any serious public Observation-Disclosures hurs
presumed to became a candidate
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| BEWARE OF HARVARD CoLLEGE.--Thcrc are
southern men who not only depend upon he
north for all their luxuries, and even necessi
ties, but think their sons are but half educate
unless they graduate at Harvard or Yale. We
have all due respect for the past history ot
these institutions, but the time has come when
! t1,or, 81,