The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-11-04
aAe Bran pr,ai,ae OF ,pecularloa.

against hydrophob ia, and tits wellsknowl
that the man who has drank too much owe
night requires proportionable dram in th
morning 10 steady his nerves, and put hin
in his sober senses 10 resume business
The same plea is now urged by those VIII,
contend agaiosl the speedy resumption O
cash payments.
All admit thatywe have tbsen sadly bitter
by the mad dog of speculation, that we
have drank too freely of the geniel WINE O
credit, and dipped pretty freely into the raw
whskey of wholesale speculation. 1t has
been chiefly by wholesale indeed that This
movement has bsen made, and therefore,
without extending TO any very large portion
of the community, has chiefly intoxicated
a few of the very wcallhiest capitalists OF
the country. With time and with the aid
of extended banking facilities, they hope
by degrees TO work the Thing off without
failure This is much 10 be desired. But
If their losses are TO be diHused through the
scommuniy in the shape of broken bank
bills and an iredeemable ever deprecialng
paper money, causing every honest, hard
working man TO lose part of it in The shape
of a discount of ten cents on each dollar he
earns, better far lei those who have specu-
lated in the railroad stocks and western lands
fail al once, and the honest merchant and
mechanic and farmer meet the issue there,
than have long agony of suspense, a
death by inches, and an engine of gradual
destruction in every paper dollar Yet this
must be the result, if paper is irredeemable
on demand for longer period, it will de.
cline in value as the gold silently slips out
OF the country.
The Stock Exchange has been grievou.ly
intoxicated, simulated by drains furnished
by New York bar ks for years past, ard cred
it must have morning dram, it is SAID,
just enough to steady lis nerves, inthe shape
of accommodations Our Philadelphia banks
have done a grevious mischief in suspend
ing specie payments. They should have
bought up specie all over the world, and al
any price, and met the shock like men
bought it, not for their notes, but for bonds
payable in six months and a year hence
They should now do this
AS for that last act in The drama, the sus-
pension of the New York banks, the more
closely ii is looked into, the more it willie
found 10 be like nothing else than the con. |
due, of a drunken men who smashes the
decan,cr of the barkeeper lccause I've rcIu.
ses 10 give him another drop. The banks !
certainly acted reachcrously, They thought F,
there was no harm in telling lie 10
drunken man. They pattcd the man reel.
ing ard wrihing under the effects OF specu-
lation on the back, told them they were |,
their friends ard would pull them through, |.
and see them sale. But when the weekly /,
report came out. ii proved that they had
tied up the taps aud cmptIcd the dcca",ers,
and were not going even TO provide the
dram next morning that could alone save
them from mania-a-potu. If not 10 set them
straight again, Then II was mol IN panic,
bat roiher IN r:ngclrcc, that the merchants
resolved 10 smash the Iecautcys, that is 10
break the banks by Withdrawing their de.
rosits and running for gold
There was method in this madness too
They thought that spree OF ttsls Kind
would make The banks IN the end more lib.
eral.--thal 10 create universal suspension
would enable the banks 10 accommodate
them and give them the coyc;ed d.am,-
Just when we were looking for an early
resumption AID for the strength Of New
York TO stem the tide, il gave way, and has
made the work OF 4 speedy assumption
more difficult,
We have no disposition 10 quarrel over
the broken gltss, or discuss who flung the
and admit that after such scene, men must
sober themselves with dram next morn
ing But the danger Is lest they should go
on steadily and regularly, ooo2ing and
and drlnking day after day, making the
thirst Produced by each dram an excuse for
another and another
The fact is, ills spccu'a;iug mania and
Suspension may begin like dram drinking,
lul i, ends ike dr$tn,c eating. In the APPS
this is common, and arsenic in small regu-
lar doses Scpls the complexion. and sumu'
lates ne system INTO the ruddest health
Bul once begin. and you must 90 on increa'
sing The quantity. AID in the end, either die
OF the re action iR breaking up the hab'', or
die Of poison by the repetition OF the dose.
SO il is with suspension. Ii makes the
money market easier, and ior short time,
it may be necessary, as things are, b"' the
hong couinuance OF it will be death to ev.
erything
The pressure on the money market was
bringingiu gold rapidly, Specie was freight
ans vessels from London, hard as al! Europe
is pressed at this ime. But now specie will
cease te flow in. Bat the panic created IN
London viii probably cause it 10 flow out
from ihis couasry, and as this takes place.
uo,es will decliue il. value. .-Leigc'.
isp,AS NAMES -',foer' or ''pore, winch
are found 10 make The telmlnanoH oi 50