The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-10-23
TUE PRESENT MONETARY TROUBLES.

wealthy totter ard the needy 'refhois' sun rays
waste the world Of Trade and Finance. crash
follows cIash-~recA succeeds Wreck-uhlii
now sea OF hnanc'a! RUIN 'nFea'Sns 10 so0'''F'
the entire country Indeeo, the prospect % 'oo
gloomy to dwell upon. Let US therefore, 'u'"
from the effect and consider the cause. Let US
dismiss from our minds th4 contemplation o. t''T
present evil, and endeayor to tlhd preventive
of It's future recurrence.
The failure OF The Ohio Trust Company we
believe, was the hrSt symptom O '"e p.ssen'
distress in money aaiirrS. Il was lmmediateiy
followed by the Suspension OF large n"'0oFf oi
Mercantile Firms aud Banking lns'ttutiohs'-
How the business relations OF the ONO trust
Company, could have been 50 Intimately con-
nected with the affairs ol several scores OF 0ahkS
that its failure should directly cause 'ne'f
ruin, We could never comprehend Inc iae' ''
that it snacks, to US very considerably oi lh'e''-
tiona fraud, this business of Whoie 't'0e %
commercial houses sisP'huing sitI'J
the Ohio Irasi Company coi'atsFu' '0i''s
of them, may, indeed, nave oeen seriously d
fected by that suspension, bnt the "hdJoi"J
doubtless, did not suffer rom ~ III ''i7 isas' a'0
only pretended that they o'a 50 !" o'uS' -
cuSe themselves ID Shull'nS "'eN 0o0'S
their creditors These last oeions 10 'ua' 'la>S
of rich (!) men whose specu'a'l0is "'S "'' jus
tilted by their oaPi'al' "ho i'e oss o"0
MEANS ana "no' oooSV'l ''A', ~
aialse OASIS oue'i ''ei' al ava! P'S''0
money crisis, in order lha' 'nelF o"" iui'ieu
fortunes may oe coN'ie" 'P y ''-
wreck
After NUMBER u uSd'S id'i'' : '11
red, 1t was qul'e na'ufd' '''1' u P''''V'9 ''' -
holders should MAKE ,''u" oH '"s oa''"' "
the immediate neighooF'ioou ol '''oSe iai'"'
Inc alarIn-oeil was 'u"s' :,
hubbub and cohiuSioh' buslneSS .ieH ,o'' a.,
confidence IN eacn o'ieF' L'e'J 00'5 J'''''e
his neighooF IN oFue' 10 e7' 'i'' P"Pe'
INTO CON- Every oouy S'ia.ueU '''' "'''01
get DIS mana ii'o I"e vaults u '"e Da""''
here the torrent oi tue PdNl0 S'iOui' u''
stayed here, at the counters Oh 'ns oaoNS' ""''''
should be the asylum OF the distressed III H'o.e-
tary troubles, instead OF the vortex o' rum 'na'
they are, drawing Into their lFeacheIous Will
their confident and unsuSPechng 'ic''I's' D"'
those institutions, resting on sandy louhda''oHS'
and being, themselves, but rotten 1aoFics' sue
cumbed to the force OF the Storm and shnt oo'
the crowds that were oeseeChing 'hem io' "e'P
The cry was lmmed'a'ely ralse"' : ne'V Is ~ "
specie IN the country II "1S oe''i 'AP'. 80 y
ioreiSn IahdS, MS uaS ''@'F
some eA'eh'' oD. way o'' ''e oa''N% - ~
charterS' oy draining 'ie'i e0''s's u '''ei
SO that their goia ana SILVER 'e'''a'.''s ~ ','
PoSs'sSoh' was ho' III i'a"i p'oPo' '''.' -
haolii'ies II may 0e 'Iue ''''' '''e
LOT oahNS 70 'e'i" oo' '',',' 'o''''
great OUT what ''S''' ''au my ~ ~ 0''''''
TaFy 10 -Ac' ol ASSe'"o'9 !. '"''''"
PahieS' N oFuer % pay "'Fi' ~
were ready 10 give tue" ldl's'' d' 49,
count i0f specie 'it "''o', y '''e
nave had hohFsly as WI % N''.''''o''
enough 10 aVo'd sucn eNc''a"se' ~ '"e'''''
las theiF aPoosiS'S say '''e "a''NS .'A'e o''
drained 0i tle'F si''''' "y 'Np ANUS '','
institutions ''.' "1' 1o"'P,5 WI" ."' ~"
mems o' 'nFi' '''' ''''' ~ ''''! '9S'
Gle from '"e'F >aui'>' 'NCVP' !" P"y .,'e''
oeo'' ""Fh ''e d'''ou"' u 90" anu =,
'"5'' P0ss'ss'0 - o''y - ." - 49,
'''' - '"> =
i'aoa upon '''e 'o''''''0'' " anu