The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-19
OUR FINANCIAL TROUBLES.

,.N>>o~NoNooAooonooo.
Aspect Of Affairs Throughout the
Country.
10, 30, &~
THE PANIC AND FASHION.
ZEE EYyKCr or fHn REvULsION IN raE FAsHIONA
BLE wORLD-rH D1PHEssION AMONG rHs MILF
NSRs, DRBssAAKERs AND NEUTRALITY-SUSPICIOUS.
POSTPONED, ETC.
No class or persons has suffered moro severely from Tho
prerens revuon than hose engaged in supplying tho do
uands Of fAshiansbs sooiety. Amoeg them business "
n stand stiI and hundreds are out Of employment
There work on hand and no work ahead; no orders
customers throng the doors and al The plea
Apt hustle and healthy activity Of business has subssded
mo work rooms attached 70 these sstsbllshmsnts-
but . few short weeks ago crowded with busy
occupans-re empty the nnble hsgers arc
idle, and ,ho spectacle or oontcnted induv
try succeeded BY that OF lbor paayzsd and enterprise
suspended; and this happening a season wnen, in
dnarytimes business sbest-~hsn workers and employ
expect compensation for the duh summer tho. dlss
pated The Of hs and oppled the
the other. Bat, whom In addition 70 this the dresYy
winter uncheered BY the prospeo, or continual employ
ment, insgne what eect this crushing revuldoa
had upon this class Of industrial community Tue
yearly Increasing demand for every article OF
ladies' wear has bad the efect Of increasing
tho number Of producers, and consequently the
dnaiter u more Widespread than would have besn
at any previous period Another thing that makes H
moro deeply e Ii that unusual preparations have been
ma 70 for the coming reaaon; goods have been
faosured ahead Of order, and mportadons have been
beyond all precedent In fact, market flooded with
imported goods, counters groAn beneath the weight Of
foreign fabrics which must be sold at ruinous low prces
h~lA rusluih ih~s hs~ nlln
The loss nust be imEepse. Tho his happening q this
juncure, when the ouass had been all made and tho 70.
surss had NOT yet set in, LEFT NAT portion of The busneIs
community vi which speak uDaoe TO struggle through
and the retu almost universal suspension OF busi
n&s. True, iome establishments scam TO have escaped
the peounsry, epidemic and expect 10 be able to retain
the fall CON- 2emeni Gfhands three fourtbs, u may
be Tho whole time, but these are few In number.
This revulsion has msdo fec. clear beyond doubt
tbs: minnerr dressniAher' and al dry goods esab
HFhmen:s, are following In the wake Of wholesale
dealers, and allowing the unhealthy credit sys
tenn 70 get . footing among them. There Ia scarcely
by lady town thal has not her book Ia some Broad
way esasshrsnt, and moments reflection will convince
any that this tempting Opportunity for sxksvsgauSe
Is mot unered 70 remain unimproved. pas b ,ok 10
eaay nlei than portemonnaie, and 70 get g,ois
for sm pie acknowledgment y asrseIbe enough. Bat
there difference between getting and paying, and no
man, either, who reluctant pay for an
article wnca ncw became anxious 70 do 70 when
thrown Ade and discarded. Therefore think proba-
II troublesome, he mar loso . customer and
not, he may lose bis money But Of NE effect Of this
system on tho buyer, hero be bus one opinion.
Looked at In every way, viewed from every side, =
jurous and demorahxpg. 1Dsssrs, perhaps shoud
say creates, spirit OF thoughuessnea, . habit OF
ravssanoe, . reotless Indifference 70 sxpsnsc; and,
worse than ALL disregard Of obligations that must
t1sy rure the moral peroeptioss and confuse the deas
Of right and wrong II he credit system,
some pretend, 10 cssentiai 70 Wholesale DEALING, n
should be restricted 10 mat, and NOT tolerated In
the retail trade n ladies' want dress Let thcm
pay for Il, or wait until they oan; and n sellers
want cu,Omers, let the remember that cusscneru wish
cash may empty tssr shelves, but viii n their
20 ke-thep perh sps, may return 70 nsss prn hples
and be guided By The smple practical rule Of "pay
60" Then from Ne "nes,ls danger We win pluck
the flower sassiy," and then win The sorm which has
sewn he ocean Of commerce with WRECKS and forced inc
strongest ships 70 lower hsr sails bs productive Of un
equivccsl good.
10 Qriio fashionable 10 sAy has The sxtravagAnoe
OF The ladies has caused hs present rovuion but We
think The accusation unjust and ungsnerous. That thsy
were extysvsgAnt we do mol doubt but neither do We
doubt that hey exRsvasant In good fith FOR hsy
believed As The luxury By which hcy vsre surrounded
was evidence Of bona fde wealA- This wN proved ~
The adoption OF rigid economy sooa - II ws apparent
that rerenohmens necessary. No, is nos 70 ths IN
ravagAncc OF the women but 70 Ne rockies speculation
d the uss ssat The crsis ssarisuhss. while with
cash capital Of 900 purchass stock 70 NE smoust q
sioo, 900, We need sssk no rurtasr fr oausss.
In millinery hsre 10 pothing whsssver doing. From
Broadway 10 Becckcr rees, from Bovey 70 Eshsh ave
nus Ne The sane; nom ths nrst cAs sssAbhshmsus
.hss numbered is worher By SCORES 70 he unsssndias
store mat counted thsn BY units, ~ NE one rosy-so
Business roshlpg doing. = not thai plain hats have
now rss NE place ef costly ones for neither NE dear
nor the cheap article h sold fAss SEASONS hAs are
doing double duty, and some hd,ss are making up her
prosonss the ssd and isvoussvy idleness of she work
gui when mcschass selling Oh their carriages shcar
wives rsqsirs no c.rriss. has ssd .sss laanonaoe
We vim asosucs in shcir oonismps for dress and
worldly vsnniss Such NE condition cf Affairs In ise
order Of ,Ss day No rsoeposs, no dlaner parties, 90
Invitations prcpavauoos for balls, no gay supper rr
ties, and stranger thsn AL, soeddin0s We Asc ben
saso. ~ IA "a. s,sn snvssaAy nm dOsn ssa erder cr
brldoi bonnas haf Was asros snporik - ~ed e re.
g,'s r., ~ ss s S TsS.s ' one o. ys.r % Pa Is srssu.s 70
ing the sane sagpsssos prevails Ladies mat pay
no vi'is aId recevs 90 oonosny S 40 10, rcauns ,ss
pressure Of umss rne eTsoi upou dry goods u,rcs
u psiept 10 every one HE mat runs may read" Ne
trcuons vm svssy fosy, Aad even any per cent we
advertised day rto cty. bSt pcrhss me uronees
vroof sf the unvesss s@rn 70 be found ~ tne fsci
tina. than one ~hcsssA asase has com mencei eel
sg by rc,al for limited pes -, thS sctus re1tlas on
,her own ous6o Ts's has .xssf dep sed Ic,e-
al feeling Of ndgpsaor aaons rstsiiess, -ho l,os upor
u db hoo norsble, ana icnounco Ia 10 msssarof
erus The wholesale h'us~ arc certainly TOT
njdable rivals 10 have b escounter o. sucn or'n,
vhep key need al ther eneIges W e-shh thsol W rrug
IL 6.st. a
9Th basiucss ethics ~ decide bs rgut on -TonK
movement tni.h ~ sdur. Qut psr pri 1cips an
s ndostop Of he volsncc OF sheEnrm 20 arc
no~ wrssnerpe 10 ges raorsy - any ssuihne tae
oc c Of busipos- men: tts scoouus FOR ner sepSinz
cut of iheu orulrGy line aud ceiling srssr gycds ~
ihtosfotrths t~o thsrds heir vsue rbc'o u suoh
sugersbundsnoe n foreign fabrics IN ne nsse
ba 10 desi asie 70 snd sn outlet for them
tn 'ny ta.gs, but In some cuea MS nas
bern found lmprercsble and The soo3s have been 70
tcrned SUM- such suyplns remains on hand thai viii
be some ume before The crsrn House derives any reve
nue. from duties On imported goods.
BScverh mapuScnrng jeveseu have suspended bus
psss asd discharged their wovtmen. This might have