Mountain Democrat., 1857-10-31
Fnanra PNapeeta.

NSSSIueTOu VI llie ny tue IVSS VI S"S N0"
trGI Amsricd, our citizens have had but
little spirit or inclination 10 bcstow .
thought upon the other information re-
ccived by the last mall But though their
sorrow for that misfortune has lost none
Of its lntensity,-their grief for the un.
timely loss Of worthy friends has not been
assuagcd-their condemnation Of the reck-
less guilt Of the authors Of that catastro-
pho, by which valued citizens suffered q
horrible death, has not lost its slcrnhcss,
and as yet had timo to dwindlc into mild
rCbukc; We have all sufficiently recovered
from that shock to bestow some superiis
Cial attention upon those other sad but not
Eo direful events recorded In the late At
lantlc papers.
How apt VIC all arc to find consolation
in the misfortuncS Of others. For months,
from one end Of the State to the other, the
cry Of hard times, hard times, g." has been
almost universal. We have heard of little
else, during the past six months, than the
stNgnation Of business" the "pressure
Of the money market" the failure Of
crops" unrequited labor in the mines" "
aud the downward tendency Of all things
In California AZ the same time tho un-
examplcd prosperity Of the older States,
the immense immigration into the West
crn territories, the wealth and luxurious
ness Of the Atlantic cities, have given, by
comparison, some color Of authenticity, Of
reality, to the complaints r:iade Of the con-
dItion Of affairs here. But few mon In
this State were willing to forscc tho rCac-
ton which the observing confidently pre-
dicted would soon occur In the Eastern,
Middle, Western and some Of the South
crn States. Enough for those men was
the evil of the day. Money was not 30
plenty as in 40 and 'CO--hencc the times
wCrc hard, was the conclusion arrived at.
We heard stories Of the rapid increase Of
the value Of landed property, Of fortunes
made in an hour, Of great enterprises cost
ing millions being subscribed for in day,
Of liberal discounts, ovcrAowing money
chests, and forgot that the wealth Of CAL
lfornia had given existence to all this seem.
Ing prosperity, that with tho mania for
speculation, with tho rush for sudden for
tune, Bankruptcy followed gloomily,-
threatCninglt In the wake that property
had obtained fictitious value and busi-
ness was ovcr,loncj that widespread pc
cunlary ruin was inevitable. Hero We
saw nothing OF this-psid no more heed
to the warning than did those who, float
ing upon tho waves Of speculation, never
inquired upon what shore, whether oi
good or evil, they might cast them. Our
people suffered much from the failure Of
Adams & Co. and the defalcations Of other
large houses, who won tho confidence Of
the people but to bctray It. And the
stringcncy Of money may even at this late
day be attributed 10 those shameless rob.
berries. All confidence in one man with
the other was shaken; money was thence
forth boarded up and kept out Of circula.
ton. Then the failure of the crops this
last season added not little to that feel
Ing Of dependency, to which so many OIL
our citizens, with all their acknowledge.
cd energy and fortitudc, arc too apt to
succumb.
Now, that they find tho bubble in the
States Of their nativity has burst, that
tho speculative spirit which has there in.
vatied every class of society has subsidcd,
and the condition Of affairs there stripped
Of its gliding, deprived of its temporary
and unnatural imitation, Is exhibited to us
in its true aspect, they find that after al,
tho comparison tUeween this State and
others Is not 50 odious. Here, at least,
our progress promises to be II slow, Ger
tain and sure. Wehave passed the crisis,
have rccuperated and are advancing
ThorC we hear Of lallurc upon failure, the
tUppling over Of colossal fortunes. bury
ing In their ruins tho hard earnings oi
thousands. Those who havcare not lend
ing, those who have not arc IN vain asking
aid to avert impending total loss.
. can feel but little sympathy
f0 Ds speculator, We can and dc
e those who arc impovcrish.
Cd Ikll. Honest, energetic men,
farmers, mechanics, mon of all callings
who have been tempted by the glittering
prospect Of speedy fortune to enter into
schemes which have failed and left them
nothing but stout hearts and willing
hands, will now seek California, not only
to recover their losses, but to gain home.
Men will come here hereafter not to make
"a pile" and leave us, but to abide with
us through lifc. They know that hero
tho industrious, and those Of moderate ex-
pcctAtiOnS, can rcalizO their most sanguine
hopes. Increase tho means Of travel be-
tween tho old States aR1 OSrs, and thou
sands will leave tho scenes Of disaster, oi
blightcd hopes that in their present homes
now environ thCm, and seek new homes
and fresh career IN the golden State Of
| tho Pacific.
II ..a
While we sincerely regret tho pecunia-