The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-03


atwood Co, q view York. 70 learn W are informed
On GOOD authority, ihst they received e'egrspnsc des
patch nom the Asosss lssws \ % Ass evening,
"a .s nS entire smoa1 o. nsI s,n s.nS
whsvs asA;ssd ths!r dram. CLEAN Of Sunshine ths
amid the general slson.
At CINCINNATI.
he nrs suit was Commenced in ,he Superior Court, on
The son Of August by G. wsbster Co. FOR 81 eal ~
Arpe, and asAc sADe for S4sS o. and si<a -
which we're settled the next day sn1 the su.s dismissed
for $50 On the a7n R-6S, Hsiet Co sued fsr 2Sa
"a Nett DIARIES j. Wood and VIM. g. Powers oom-
mcrced by attachment for slo ooo and gsrnhseusnts
and iScAs counties Then the Mevobants Bank Of Cseve
land caused 70 be Issued an sstscSmen; 70 recover
SIG, Sts u on'he 18th David SCOTT sued for $1,000
THE CAUSE or PANICs.
From the Cincinnati Times, August 20
Financial psD'cs spposr 70 be amot pesisec. In tsis
county Inst.Gans flourish aud from .hsi- very sue
heosme csreers and indiKsren tres. loo much 10
established reputation and In of deercsson which
they did expect Sud for which they not pre-
unfortaSsis depend on them may ALSO 30 said
10 be national characteristic OF people, ihAs
htee 70 nn.ncsl !sncs that our course Tends 70 their
history We people OF p~nos, and rabosd stocss,
bank e:ocks, and Clancy stocks the material 10 be
psncs confined city, sometimes
10 STATE bat Ut times thcy pervsdc larger socou Of
eeurry snd Destroy sverytonT ~ n ss EsS CSennsa
ard are ust new In the mds o! general panic, IA
vnvirg besn rsps and railroad in s results according
TIC manner In which husiress d1nc In this coursrs
10 not Il al surp-sHg bss srch consequence gene
rs suspension should eIsue although may be sowe what
surprising when take into considers ion the experience
OF those whom tina Ct tho pres en re eutSnEei ia
Tor tic ls ten yesys the whole country has ~d In
regard to railroad Improvements. gasce 81 . modern
mar shows the North thvesded tse the CT
cobseb with rriiro.ds inesseciing every section, while
new prcia os are fo0s by which The Let Ia conn aaliy
cnla.S.ng These csrros DC bun without money and tho
cf tka fnpds has, u~de
nen the toy and psy thing os sci Of urps acpcd stock
gamblers who elevate deprces them ~ may suit their
purposes So;hrg that will emcicy their peculiar pro.
penr!tes too r,r their operations Il
matters cot what disaster ensue they know nothing
save eel interest and arc Gpnnu.i sv.Ee tor any oP
Aisn end lie acd every principle they posse msde &C.
condA 10 I! In the policy they ru,aae. When unable 70
deal N erch stocks are real anced ones DO - wc ssd
fer the tine occupy their attention.
CT lac, how tsore has been scarcity Of railroad
stocks IN tee market From Name 70 Louisiana tnsre
scarcely neighborho0d hut has its improve
In his line, and although only partially organized for
operation sgenH are dcke'ng with shares 10 the Isocz
prsrt. that be calculated by the broker 10
tupasnG OF tbe Their portion OF the transaction encs
with their efforts there aud cult or seee shAres heir
!sterest 10 The operation 70 also disposed o.
me fSa 10, We are having TO- many railroads on band
.: time lesson 70 this esscs taught "a years
wlih very cautousr These shai wore then hulk wore
profpcrous ana pate fair dividends. By degrees people
forgot wbs. exp reno~ had learned then, aud he'll
by h0fe s0ck jebbers who Of coarse would profit by Ia
tho END, whether the honest skh0def did not SHARES
Gacsied In tie market from day 10 day With almost
much stability corld DO expected IN the throws Of
dice box. Men rich 70 day and cocr 70 morrow An
Interested pencn entering The arke. III New York focnd
Wall street and liz harpics the gres. hesdc f rail
read matters and Immediately AsoeyiaiRed 10 HE hearts
content that hs wished 10 purchase wore very
6ES, sbe 40 desired 70 SELL they we're m;seysoy low.
Revuscrs IN the market sudden and unkcco0nsAba
noso Who borghs were sometimes lucky, but those WIN
SOLD fortunate still, Banks an other incNpo-
rated companies entered into the game, and the funds or
honest depoetcEs we're invested Sh the hope or largo
Profits and returns ssst dependent vigilance
with which they watched the market, and awaited them
seives Of Us upward tendency.
In srch condition Of sEArs, when The welfare Ct these
Institutions dcpcrdcc on 90 Small contingency, 70
eurprare tina. criais lboaid come. y oniy Wonderful
tbst occurred before Time And again. bans thai
have nc operaied may have passed unxnowingly
vhfpool tha. wsa just raaay 70 burst upon shcm ana
swallow them up, bat By foru.tcrs circumstances the
Scsce WA destroy Cd and the bark paxssd sAfey
is existence ras proicnxed enabling 10 increase n
speCAoify and n add 70 The number who were 70 be u
nAteiy swallowed ~.
This e manner In which panics prpdr oed.
fncy much consequent the natural spirit OF
people that they be termed naaral characteristic
We i've 10 produce hsn and In the end they actually
usesc 10 curling and preventing yushiog toward
ruin FROM which &c cou!t ns recover Zach rssurresce
teaches ue lesion. BY which ne should proet, and fnr
niahes an example BY which should be guided in
ev!rg days. Fer the period will prove efficient, bal
tine win be fcygeien, and We Will 60 rushing, erush ne
nj The se rssc, though perhaps IN different manner,
C the same pcnt, 10 oe Welcomed BY The de preston
fssrcisl ma aeFs and the destruction that has or
ate vie!ted 90 many IN our midst