Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1857-10-09
afxls TOO sHALL PASS AWAY

Tina TOO SHALL PASS AWAY"
The Philadelphia Ledger adopts this ex-
cseding terse motto Of the philosopher for
the foundation for good moral lecture sd- |
spted 10 the present times A certain mon |
arch requested the philosopher to give him
. short sentence, easily remembered, that
would always alleviate the pressure Of ca
lamity and check the exuberance Iof pros
psrity. He gave him the motto that stands
1t the head Of this article-"This too shall
pass away" This motto, the Ledger thinks,
l. well adapted 10 tho present state of CON-
mercial affairs
"These are times Of anxiety no doubt TO
every man who Il Ia business Ho may
have cleared $4,000 last year. HisafIairs
may be snug, he may DO able and glad 10 an
ticipate some Of his payments, and buy In
his own paper at one and half per cent
month, but thers are hundreds Of men on his
books Of whom he IL doubtful, and some Of
whom will doubtless fail, and perhaps the
whole toll and anxiety Of year will leave
him at the end poorer than they found him.
hut let him hold on and keep up good
heart These too shall pass away, land to
have held on peacefully and safely, to have
weathered tho storm and passed through q
tornado like the present, IL no slight NOR
camille honor His credit and eharactcrfor
saxAciy will stand higher, the banks will
take his paper whom they reject that OF 9TH
srs In the next squally time, and will believe
that II lac can stand fhis, he can stand any
thing And these times, like storm, win
have cleared the air greatly, and viii make
ID safsr sailing for those who are prepared
70 set sail.
"Many are utterly unable TO meet their
engagements, some by speculation, some BY
endorsement, and some by the failure 10 pay
OF their creditors Debt, poverty, mercan-
tile dishonor stare them In the face, and. q
thousand opportunities recur 10 them ofpro-
viiing for themselves 10 the injustice those
who have trusted them. Lot them not des-
pair, nor be timid nor ashamed, but make a
clean surrender, act honorably, give In a
candid statement pursue perfectly just
course, and comfort themselves with the as.
surance that 'this too will pass away
Their credit viii be 70 established II they
do this, better times viii smile on them from
the wreck Of their fortunes, something
bright viii open up, and IL they are only
honest and industrious. they will be made
wiser BY experience, and not be disposed &c
strain credit to the utmost again, and then
this very suspension and failure may prove
the beginning Of fortune that shall NOR,
than enable many TO pay up all the past, DO
cause the beginning Of doing business upor
safe basis, without any false pretenses ant
without speculation.
"Strange TO say, there is no man in time
like these, 80 apt TO be responding hopeless
and paralyrcd, ~ the man who can best ai
ford to lose something, the largo capitalist
The man who has halfa million invested il
railway bonds and mortgages and shares
thinks these times are never going to pas
away, and sells out all his investments at
heavy loss, to hoard henceforth what he cal
in gold If he would but remain quiet ant
take his lot and fate calmly, ind withou
hinching il would in nine cases out of ten
better for him. He who car hold on, an
never will sell on falling market, will a
awhole, greatly gain by his CO rrage and pei
sistency Of character These panics vii
pass away TIE railroads are there. Tn
cars are running. They may not pay YER
largely at FIRST, but when mems expectation
are moderated, they will pay what they carr
and enrich the surrounding country, whic
in turn will enrich them and make their Ian
valuable.
"There are capitalists indeed, who hay
been and are always prepared to operate |
just such lines as these. They hoard gol
Tor the very crisis Of a panic. They mea
10 discount notes, but not even at one and
half per cent month. Nothing less tina
from two 10 three viii serve them. Or the
intend 10 invest In stocks, but not until the
advertised sufficient panic and things ha,
OF down TO the rery lowest Let them r,
Aembsr that "this too will pass away
Times will very soon get better, and Il
bargains they refuse now, they may have
sock vsinly in few weeks hence at gre
advance upon the present prices The no
they refuse TO discount for A No. l at OF
and half per cent will be done for hi
perhaps from friendship at the bank ne
day, and the only note he will be able to b.
at his terms, viii DO that Of some insolve
with forged endorsements.
"Thsfe il no such thing as hopeless
preston for this country. II, as peopl
We are fond Of going In debt and have
doubt done so with amazing facility, yet, ne
ertheless, there Is this vast difference |
tween the debts Of this country and tho
Of Europe, even Of England. Her COVER,
ment owes eight hundred millions Of poun
sterling. We do not owe eight hundred m
lions of dollars for all our public debts a
our railroads. Bud England has nothing
shor for her debt II had all been explod
long ago in gunpowder and In the pom
and circumstance Of her regal governme
Private citizens get in debt too, In Paris,
tapestries and equipagei in England for cos
wines and dinners and plate, but the bulk
all we borrow publicly and privately, q
and must 60 for improvements, railroads Il
open up millions Of acres of land at do
BILE value, and for speculations all incres
ing the productive capacities Of the cou
try.
THERE'S only one thing that does NOT d
away in all these transactions, O., NERO
TILE MORAL CHARACTER. Times like these
every man. And il he be moan, dishon
or dishonorable at heart il shows itself