Mountain Democrat., 1857-11-14
The Financial snnsh.


0T TIE IIT.fatcd C;Bfrdt dm'rita, comes the dis
astrous intelligence, which VIC anticipated, Of
financial rHin, involving in its devastating cn'-
brace pnrlinns uf almost all Ui the Atlantic
States The first catastrophe fell upon us aS IL
people with crushing force. The industry the
energy, the stout hearts aud Stalwart arms "t
upward. Of four hundred men. most Of them
welded to the interests of California, worth III
aLlition To lhcir morality aud intelligence,
millions If mere dollars, were torn away from
useful active, lii, by that calamity. We've those
larncntcd dead now in our midst pur>tifn" their
rrSpectyc nvucatiunS, in II hricf while they
could readily repair all Of The injury arising 10
us, from suspended hunks" and bankrupt
mercantile concerns. Still. We are compelled
to admit feeling Of deep regret nt the receipt
Of the last intelligence, :" affective and drprcs-
sing in Il pccuniary point Of view. to many OF
the eitizrns of California. Many II hard work
ing artisan, many II hilarious miner, ma:iy
toilng scinpstrcSS, aud drudging wa,hrrw"nan
bchnl,lS with grief too irrcr for tears, the COM
pctcncc on which was founded schemes Of fu.
turc ease, or perhaps the pittan"c which pro-
tcctcd from daily want, rcit away by The rude
hand of pilrS, fortune. For all such, we feet
sincere -e,,I,pas-iat they have Our-Ine-i ear
nest wishes for speedy prosperity. We even
svmpaihise With some Of those EIv"rieS ut the
Plut0nian god, WHO have rcNcllcl i'll wealth all
their DAYS, whose craving desires for gaudy
display and liccntious rpicuransiI, have aided
greatly in cvoking the rcstlcnce of monetary
evils now raging throughout ,iIcland. The great
mass however, Of those of the giided->pan aris-
tUcracy, who ARE the sufferers in the present
crisis, attract only our congratulations. Con-
sumcrs Of the brains and >ncws, quallrrS "i the
tears and hearts blood If their less fortunate"
fellow beings. they are now made sensible" "i
the gross and unpIrdnuahiC oUtrHgCS OF their
past lives, and from the clouds "fadvcrsit! and
the vale of repentance, may GENE up t" a hugh,
cr humanity. Forced To earn III ir bread br
the sweat Of their brow, instead Of being NAV
wurmS ut ttrr hudv puiitir-tfrry rrT1v Inspire tn
the dignity Of the human species. Honest pro-
duccrs, it is possible, they may hereafter re-
store comfort and happiness to the hearth
stones &c thousands Of those heretofore made
dcsolatr 10y UCif lNNul"uS rhlhnc.
Asa community We of California will suffer
less than any others. elsewhere, by the iinan-
cal crisis nn the Atlantic shore. Bankruptcy
has already held its highest carnival III this
State. While capitalists abroad wcl" rcal'ing
the harvest Of our labuTrrS, and building up
those enormous frtrncS which the chances "f
commerce. and the accidents oC tn"l,,l spec
ulLti"n arrno scattering the winds, w"wcrc
groauing beneath iniOl,IHhlc burdens uf pcCu-
MARY pressure. Tw" years AZ" and upwards.
our crisis came; and the crash Of destruction
has ever and anon been sounding in ouf ears
since. We have nearly, il not quite, reached
the bedrock of bad luck hence forth We must
work upward und onward, with more conf
dcncc, less dependency. Individual m>halS
may yet occur. but general panic can intimidaic
no longer. We have all the elements of wealth
Mines Of iinmcasurablc gold. II vast agriculu-
ral domain Of matchess FEC ndity, and far bet
ter than all such resources thousands Of bold
honest hearts aud muscular hands attest our
glorious capacity for future prosperity.
Unnatural as il may seem. We will gather adj
dtiOnal strength from the calamlilrs "t "nr
sister States Pruslratr and ruined in their
old homes, where the opportunities for rrcur-
Grafton are limited tn the fortunate few, th"u
sands of Industrious immigrants will wcud
their way to our rich placers and fertile fields,
and crowd them with II thrifty and harrI pop
ulation. a nation of producers, We can dictate
terms tn II whole world Of CONSUMERS. Advanc-
ing in the degrees OF moral worth and int"llrc'
tual improvement. parallel I" our progress III
pccuniary fortune, the day is not far distant
when the scarce concealed snccr, which now
grccts q Californian in some other lands, will
give place To smile OF simulated cordialIty. "r
heartfelt welcome.
Let us bear, then, with becoming frtitudc
and hopeful souls, our present ills. Let us hr
up with the lark, and whatever our "handS
might" overwhelming the host Of our daily
cares and discomfortS. by the glad anticipa-
tons Of IL brilliant aud JOYOUS future.
II has occurred to us that the Drmoc' acy Of Cali
fornia previous 10 the next Presidential election, 'ny
have much To occupy It's attention, thnt many
changes may Orcur over the Cnttrc nation ana that
these eagrr gentlemen may hnd that Il would have
been quite as well had they waited for the movnE "i
the waters before stepping In to he healed.
The stat" hHrAdl thus adimanvcrtS to our
article Of last week expressing preference for
Stephen \. Douglass for the next Presidency,
We may have inadvertently stepped upon some
persons toes. We have an indiStinct rccolcc-
tion Of this same state .hr"rn0', announcing