The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-11
NEW YORK.
WHAT CAUSES PRsssUas AND PAHIcl


Amid general Prosperity, ~iin he blessings OF earth
pcaerei far and eide In DO .nfr profuson and In the
pressure Of great severt pressure the free Of which
ahvcrs railway companies and banking inst atons, and
vsns bond and ssoos holders sita runo is lcssee
AL ilqaiIe why things and sna, has caused
them Few, however, vii get the true aud oons,
PEI hsps, void believe trplh II Il we're t,l1 them
There Incidental numerous auArsrsnt;
hut ,hosxh they help W veil the Nsuege al III,
do net lie OF the root tfn We a know hs our I'm pora
tom are excessive mat IN asduon 70 the produce
change sish foreign countries msns OF specie called
" balance tte sccVupt that bad TOO expensivsiy and
furniah tco sysny ths ~ nsuos We purchase more
thss We sell and thai people cDnsu mo more than
produce; Thai In great, rich, teeming hire the
droDcs exnaussng Of the working bees
But with our sdyan seos and Oh mate and inex
bausble resoIcs ali those cAuseS combined could not
vork The evils 30 are suffering There s'me rad
Thai dcfeos In COR exss In tho rates o, Interest
Faic opey Neither labor, enterprise nor skl can
The Of tooney Usury 10 the elem sni which brings
swin oesrucueu uDcp is victims whssher they Do ndi
were made we noud npd this aos stardins on, fsfay
prouineni 70 The tscry OF every bsnkrupf Tea I'D ~
large prOnu isssi ucns and individuals nrs bleed Dor
DEATH And then b. acucn, fail themselves
The collapsed 02io Life and rrus' oompsny ecuture
r. Arm VIII be fund ssssed with se,uriaes made worth
tcss ~ hsl doacr usuro,s uansacuons before they
Into it, nov oeyieied vsui Railroad 90 spanies
have been ruined By me usuroos sale Of Their boods
usures whoa sner WORKING oo me rem q me roAds
VIII come home 70 roost" 10 too we doubt not u In
quiy were made, vin appear hat the hechsoics
BANKING Assoc ~ % - been ruined 1nseAd Of employ
fne in capital estimsse toa bank has been sfcr the
- pousd OF fesh /" II has In form, Graded the
Usury LAW, Gd been eng@ed either In me pur.
chAse Of deprecated securities or In The 1.-TWO per
cent . month busness-a pusiness which In the end
proves alike fatal " the borrower and lender And
sho, gh may be nvfocus 70 inquire hos ihs. single
CIR mAnufacturer Buffalo ba. boyroscd moncy enough
90 break banks fwss ooe cuoern entitled, IN ts V
nj innate buainess, 70 DISCOURSE amounting 70 nearly
quite BAN million OF dollarssdd ne borrow all thai
money per oent per annuu or Old be promise 70
pay 20 and three yer cent moosh I'll The Ia YER ater
raavv be true, thee his o~n ruin and ruin o. me oanKs 70
orphaned.
One q me worst 80 sver paused In this suse that
which corporations from pleading ussry Uades
the stimulating Influences OF that u mproyi lent and
necessary railroads have oonsyncsed-copssrucsod
nc with capital, bu, 90 credit ny forcing prooess,
NE market bss betn loaded With chat has become uiery
vwmle~ hoods These bonds, hrn offered II ninety,
hen fsi eighty, seventy I've, seventy, srv, nfy sno
nnAv ssnk 90 o~ that they can De pnrchased by me
pushe And pos those who supposed bese Investments
a. sde ~ theg vsnent a,d the bonds for winch
mel pso ineh money, not worth The oosi cf paper and
pfu11FoeL