The Richmond Indiana palladium. [volume] (Richmond, Ind.) 1854-1855, 1855-02-23


since. veil authenticated statement tlst 4
very large proportion, mo-l ta.a Eaety on.
Of every hundred of those Who engaged in
mercantile pursuits, in aod about eae ot tie large
IA crn c..-s either failed OF were uuSuc>es> ful
This statement has been brought to our rccollee-
ton BY raasiing an article in lae paper. said To
De "a eNsaat from one Of DIR, Baar1man's lee
tures 10 merchants. which We have found 30 Iu-
tere.ting ta- We copy portion Of Il for our
readers
The esistics relating 10 cur last commercial
crisis ase lrightful-as VII be seen by the tol-
owing ta3.e:
Number = applicants for relief
under tht general banl.urt
law. 1911. $3.50
Number Of creditors returned 1C4a,GJS
Amount of debts stated S4t1GGt. .Gi5
fa.aa.ioa property surr-4l4.'d sI3621.3J7
According 10 these re.urus. a capital of forty
three millions was made Ia, sustain an indebted
mess of t.ar hundred and forty a.hoa-, And
t#a IeaI .-e-S were much No.ze. The a5etieN3S
a.taaE59 n were, in the Southern District OF
Nea, ] o.a. ole cent on the dollar, in tAe North
een D5s....e thirteen and one thirl cents: in Con
ae-cu, hall cent; Mississippi, si1 cents % o.le
thousand Tar, in Maine : hall cent; il Mieai-
eaH and sfe quarter ecu., IN NJ" jersey four
cents to ..a hundred doiiars-and 50 on through
oaa the { .54a. These figures pregaaa. with
meaning. Au3t.cy concern tse H.9.alls no less
IS IN sor, lhe reckless Ul3s..t Il. speculation
aa1 prod ay. which braarataboa. tie crash of
1881 l5our hundrei millions ofdaies.s ss@ai-
lea4aap 9ad no..lag To ehoF .ot III Na'l.lug2
A33z, llsse was too much t. s.a" ,or It. \
paralyzs. e9nmeEee-sta-aa.saa n n. tho n4ar.s
5l>iaess--L8Usalsis of families ru.a8i---.oal-
fort aal oaucuca succeeded bs- paaHty 3 ..uI sur
ter.a<-"zeck off.rga.s, a.--l. ls.g vltas, wrecks
of charae.zr, s.rewu al over the Land -aai HESS
ness, d-Aal str, tgza-hery ia every diEeet3a-
crime ca ~ 10 bl9.ta nation il this world, and
ruin. them IN The mex. these were the asals of
that four hundred millions wasted IN riotous and
wick I Taealat5as. An3 its cluiualit} is not
exeuua ej BY the fac th-- throu 4, the favor OF
benign Providence, the rccupera.iye qaergy Of
the country has in .aoassre I@s.:cTed or pee,vs4
MARY losses.
Il has beenaptly Observed, thal .ljrec II above
He great cataract Of insolvency Ie nost danger
0a> rapids" boamau whose ,ha.lop has been
drawn into the whirliug tide above Niagara,
would supply no inaposI.e example Of
barrassel merchant sweeping on towards Tie
final catastrophe. Those who haye seen aad ,
saUIdefcl over he SPECTACLE tel IL tia. tie strag-
IL Of a Waterman caught in lie rapids" lie
superhuman energy with which lie tugs at the
oars, the spa=modia grasp with which he snatch /
every projecting rock, the frenzy with ..ieh
er, aa1 .he camm.n-leI horror ana despair de- |
p.e.c1 in his corm.eaance. as the remorselcss
waves hs..y him ON 10 the verge Of tie cataract.
eaa-ti-4 i scene which neither pen nor pcaeil
c9u't e..a..ea.e.
WLe a.s seen l.ec7rresponding p=oeess on-
aa Ell oee anl OF eg again in tie walks OF trade I
IA enhu .assvd aoa-e striving 10 elude bankrupt +
- "aiel. j. l.ovesing over tLen2
FF.-} v. a anxiety and desperation d. tley Ia T
l-e II staTe of tie impending calau.i.y. winch
,eg s INA set viii not see. What "a ran wing Of I
saeirre re Whar shi]f.l and rapid trans
la.e.i os theia Pgcc.,rou, credit into success
si,e sLag. at.as.ed to fresh eXi2encicst Nsw +
n.eehas aaa forced >aes-usugious III e5ests
--a9.es of q =. ua,l.al baak<-f.e-h drafts on
houses proceeds, which should Lave
b-eH Ie-.iaed 10 1Aeir principals, applied 10 can
eel tHer-3ae piece OF property a:er another
"a eri.. e2-u7-aas appeal, - private friends for
sue1a--.aoley rtise4 on borrowed aecau.ies-l
an all tas while appearances kept uP--miad aHd
"a3.- 80 sh .ack--anlor giving WY to conceal
ruea In ezaisT br.ahiu dawH-earacst and un
successful efforts 70 regard wrong actions a.
III, sa3 d believe there Is real dan ger-coa-
ss.are1 Ieclain.n---hc whole character deer
i5EatH--7al HE house driving on toward t-ef
ls.al a,
Con.ias.s1 ss s.a such 3. picture as Il here pre-
scented, bow attractive IS tie farmer aal agrieul
,ugi Taiiare with him, Is mex ~ a. ilap3sibiI-
iE IIe hardly dreams Of such an event. His
s.5 may fail, aa1 s.AeT mist5s Hnes may hap
pen ai.s 10 se3aa bis iaa aa,al--bl- lis farm, lis
Ea17=, .eaa.a=. IL g.eel =, Eltal bu. shat Is
iare III =, land aad sock, aud j hg makes
5a. -7aI profits, h Is Independent. and Las 10
.zar of baakrupseg. Tae haesUa IONS il the
mon. market which az continually l.arzlss.ng
,h. e 5zr1rrara.al an mercantile world IL hardly
lel9s q II they n pas. We d. 10. wish =
owe ssirua.= til privileges AMI advantages ef the
.-4l " bI. i o-l.s. ts-a-s are more probable.
"a. ts-11s few can b. ~! ae1 vi j more iadepen
Laaes aai en- #s...sa.
gsrAr 4 MAy LrAvEs--.-liow mach did ha
leave, ez.I.Ilaad A. when ths inquiry was
made GLOW much Iii be leave VIZ, of
: .,srsa h. IsI. al Ee lad Pennies he went o..
oE IT, Pardon me-" said B. .syou mistake ny
Wha, was he estimated to be worth2''
:. .Ah-as ID that, replied A. Il % not know.
Mostpeorla tliak Ee lad immense wealth But
mos. affects M, + the fact that however
nu-5 lie had. be If. i. Not square inch Of
his numerous lots, nor dime cf al his boarded
i. 9eev. could he take across the dark yall4v''
! lie leaves more. He leaves tint on earth
aheh he carries = the judgment H lsavcs
his exanr.s and character; and thai character
whether Distinguished f9r pietv. or FOR goddess
w9rldlinas> NAV exert IN influence on his chill
dren and friends that viii be Transmitted IN the
world for ages. I.e. Us remember, when death
removes rs, that va leava an influence on earth,
for veal or for woe, far more important than
wealth
rEloaueuce withou. wisdom is Ike butter
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