The Union and eastern journal. [volume] (Biddeford [Me.]) 1854-1858, 1857-10-16
Theodore p,rksr o. the crisi,.

births Dear o largo ntio 10 tho deaths, ono
emigration enlarges our number still more ;
there Is no famine-an abundant harvest Ia
gathered, or waits for the sickle We have
no great foreign commercial debt, which
must DO paid, and 10 will consume the har-
vcst gathered from the soil the mine and the
SCI, or manufactured thence. The imports
Of 1856 were $500, 900 900 but the exports
were 100000 moro and II 500, 900, 900
thereof wero Of gold, Il should DO rcmem-
bered this Is ~ much . staple Of American
productive industry as coal 10 TO England,
and 20 five manage rightly, 1t is no moro
loss for rs to export our superfuous gold
than II ID for Sweden to export superHuous
iron, Brazil her hides, China her tens and
silks. Take America N whole, and the
demand for labor Is greater than the supply.
This ID shown ut the South by the constant
increase In the proc Of slaves, and ut the
North by the continual increase Of wages and
our anxiety to make such machines rs, in
o short and chcaply, shall do the work that
else would require the costly toll Of human
hands to achieve. America was never 20
rich as to-day In mon, women and children,
cultivated land. good roads, Of earth, wood,
stone and iron. In ships, houses, shops, fac
tories, tools, the useful metals and minerals,
and mover % we'll supplied with food clothes
furniture, carriages, schools. books and all
manner Of things for use and beauty. Yet,
In spite OF oil this general abundance, there
Is great crisis In tho money market.
there Is distress In oil commercial circles.
from Maine TO Louisiana. All tho depart.
- ~ h,, o, a., n -, J;sk n, rbaI
Money, which Is commonly worth from 6 TO
per cent q year, Is now hard to get ut even
Is or "a per cent. Men pay famine price
for gold and silver. Houses Of tho first re-
spettability fail, or else suspend payment for
time, leaving Others TO pay. Men Of hand
some estates, even of great fortune, find that
their property is oil gone. In whole cities,
in whole states, hanks suspend specie pay
ments-yiolate their contracts, solcmnly
made, and ray In promises to pay-not in
certificates Of property, but certificates Of
debt. Mills employment by the 100 or 1000,
with the prospect Of immediate idleness, and
remote hunger"
&c "Then there arc the idlcrs.
In tho town of Somewhere lives Mr.. Many.
girls. He il toilsome merchant, his wife
a hard.working housekecper. Once they
were poor, now ruinously rich. They have
daughters. whom they train up in utter
idleness. They arc all do.nothings. They
spend much money, but not In works Of hu-
manity, not even in elegant accomplish
ments, in painting. dancing. music and the
like, 80 paying in spiritual beauty what
they take material means. They never read
nor sing: they are know.nothings, and on
ly walk vain show rs useless as ghost, and
as ignorant as the block on which the bon
nets are made. Now those 7 'ladies' (as
the newspapers call 10 the poor things, so
insign, fcant and helpless are not only idle
earn nothing, but they consume much. =.
What load Of finery is on their shoulders
and necks. Mr.. Manyglrls hires many men
and women to wait on his daughters idle
ness, and these servants are withdrawn from
the productive work Of the shop or the farm
and set to the unproduotive work Of nurs-
ing these 7 grown.up babies On the 9TH
or side Of the way, Hon Mr.. Manyboys has
seven sons, who are the exact match Of the
merchants daughters-rich, idle, some Of
them dissolutc -dcbauchery coming before
their beard-all uselss, earning nothing,
spending more. Their only labor Is to kill
time, and in summer they emigrato from
pond to pond, from lake to lake, having a
tshing line with worm at one end and q
fool at the other. These are the first fami.
lies in Somewhere. Their idlcnoss is count.
ed pleasure. Six of these sons will marry,
and five, perhaps. of Mr.. Manygirl's daugh-
tiers, and what families they will found, 70
live on the tot! Of their grandlather's bones,
until commercial crisis, or the wear and
tear Of time has dissipated their fortune,
and they are forcei, reluctantly, to toll.
-" Other causes had their influences, but
the min trouble, Mr.. Parker said, Us 1t
seemed to him. came from this-that we
trusted in paper. The immediate conse-
quence Of this state Of things Is very painful.
Some men lose their estates few great
properties arc scattered at once many little
completeness como to nothing. Sometimes
this happens to the hest men in the country
men with liberal ideas, with habit, Of gen.
erosity. You all know what has befallen
ono OF tho most honorable, generous and
Christian men in this town John p. jew
ett], who, as thriving merchant said, has
done more for the rising generation OF Bos-
ton than any ten churches that could be
named. You all deplorc the misfortune Of
this noble phlanthropist. Now and then o
chance shot strikes coward In his tent, but
commonly II 10 tho brave soldiers who get
shot in battle. There is 'forlorn hope In
the battle OF productive industry not less
than tho battle OF war, and he (Mr. r.
lOOket. on tho honest merchan. who turned
out bankrupt, as he looked on the wounded
soldier, covered oil over with honorable
scars, got in front, maniully confronting thcI
foo. He has suffered, but 1t was In the cause
of God and his country. just now, We arc
in Balaklaya battle, and somebody has
blundcred. Let US do honor to the six hun.
drcd,' remembering how they rode onward,
meaning right.
"In conclusion, Mr.. Parker set forth the
duties devolving upon honorable and Chris
tian men In this time Of trouble and dis.
tres. lie eounselled forbcarnnce towards
solvent debtors as long rs possible; the pay.
ment Of small debts to tradesmcn and arti.
sans the avoidance OF all waste Of articles
OF food or clothing, for wc had hard win
ter before US, and should want oil we have
got. Yet no did not think Il manly or
Christian to make large rctrcnchmcnts In
these timcs, when man could afford his
previous expenditures, for by 30 doing he
simply shifted tho burden to another mans
hck. Charity should DO remembered. for
he thought much Of that would DO needed
before the winter WINS half through. They
should be humanity generous to such as fall
through mistake: humanly just against do
frauder, swindlcr, cheats, OF whatever
name charitable TO the follics Of the weak,
the errors Of the wise, but stern against the
culprit's meditated wickedness and concealed
crime. Tho rcmoter duties were 10 reform
the whole monetary system, make gold and
silver tho medium Of business, and depart
from the habit Of buying and selling on
credit to % great IN extent"
Eplros ARRnrrD. Nathaniel R. Stinson.
editor Of the New York Day Book, Demo-
-. f.s u N