The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-30
THE BUBBLE BURSTING NORTH AND
WEET

from the Rchror s1anirey, IuC-st IS
We ereyc snug snG n or aFs'rs here IL VIZ
grt tia. the burs;ug Of osuis breaking OF great
nlm- ard The dsnsDtntions OF spectators whlch
suddenly et gre he'd % q, In such Eumter, and r,id
whole North and West fs urou our oars shrup.y AMI
'iuruinsy would peals CT thunder aud tho sharp
ou'slon q Agsrrg from tic oeS- sky OF enc e. our ho
WIN tobacco at az and lA'ee crop n he ground
With whe,t a. 81 50, and ne ts-ves retdr for rsrks,
and with corn cats, hay and 4" oushness m unersm
pied abundance enab ing &c sell ont market
staples clean a. We please. ve 10 Virginia have
been tshlrg 2 for Crsutet irst the " the Union
esptosy the vsuniinG AMI seH utcieut Ncrth and west
vel OF ~ ourLo ves. Looking 70 Inward we
have found similar sate OF pethoric soundarcs we
doing and well b, pE az 81 DO 1o-e5,t,n going ia price
JACKS srssk g-e~ In height, and sugar atwcivo
cents or double Fice Nevertheless. we bear al s
OF banks g,ng % smssb mercantile firms burslnr inso
thousand Enders, ana wide-sprrsd panic and disn,y
cloueDs sso Whole face Of Northern North
shlfr
whlle those this - car give "a no 1,u-our condition.
Individually sri oolecvey, beng about solid An sac
ave have hsd cr long reries OF yea sthoy At les,,
surprise M orough 70 excite CURIOSITY 70 he
OF the IRA hfu ttlusTtesa that rona on among our
nelghbo,s and "bre,hren" in the Norm and reu
The VII 10 secret Of the troube-~hch, by tae bye,
ius commence md -hch shall rot sec The end Of Tor
some time 70 comes jas, his, ltr, the 70 ahead wer,
been specusaug IN that very rsp'dp region q cognyy
on too grand scale and been blorisg Their bubbles en-.
rey 700 ful o. oha!on 'cr,afey Ever body there has
been growing very rich IN 6ciiors vsue,; Everybody,
having grown fc'outy rich, has really
CANT proportion, and undertaken he consumption OF
and cno rxaries which exravagant peopls th.nk II be-
cor up and Nrisnabe 70 purchase for family u.e Euor
decreased W. pors Of foreign Eoads hsve into
New York city consequence FOR the Western xsde and
~ nsuse quantities vi manufactures from New England
have been the direction, until balances OF
deb, have Uied sgsins that ter Of tie Union Of
eOoruOvs proportions
what are Their means Of payment Nary have raised
gram iBGsed b. or the severs pssi Of bal CROPS,
have hMvestd Tar le's qusauues Than hey calculated
upcr AId balances the debtor side OF ,ner
with their merchsnp have been compouudlng FOR many
years. The rsn crors Of the present season may
hell many o. he ming people Of ME Wei on, q their
cess What " the 1sse With the rest How do they
ItsLd9 Why TREY tl stand but bic bass, aud al
trtsgcd high pressure specaisuons OF which ~e ct all
meu ton one or two kinds ss ssmDles
has bought a fe~ sections OF land a. The government
Price u dollar and quarter per IN very mort
TINE afterwards has bough, as purchase OF him ., ave
o. !s PHpg fcorih Of the purchase money n
p out |" zen dollars, paying portion OF the price
IN casb, and the residue N slow noies. After-
rGds u, determined 10 mAhe town OF the property has
ooetott o twenty dollars gviog his slow ro,es for
INC eser portion OF The purchase money and hss forth
vita proceeded % coaver The town r.o ion s.osk com.
Parry, Of Witch h!mser "a President Win oapl,a stock
graduated 70 tee price Of 70 hundred dollar. per
acre tnd then president goes 20 uxuriaang In The
thought tbss he has suddenly become rich-hich he s
In Ccrty rated al ore or two hundred dollars an acre
for wnch be ony gave twenty A, o, and c, sciostcd
with Ds have exchar ged ther slow notes sr NJ,
lots o. the rate Of hundred dollars or N NOT In MS ~
scheme have msde precisely the scr, OF Investment
IN the lur IF sce oiher pveeideW D. who
grown rich In lands al hundred dollars an acre In so,e
other capital site o. ground for town ne whole Weat
u Fun Of such Ar, ss, Cs ard D's all Immensely rich
a lands a. hundred OF % aonsv an scre, ard