Smyrna times., 1858-02-04
Ending of the Crisis.

There Is evidence on every hand of the
easing up" of the panic which swept over us
few months since, carrying terror and DESC
Iatioh IN ats track 1t was predicted by many
that II would be short-lived, and we are happy
to record the undoubted evidences of the veri-
hcatlon of the prediction. In our midst, though
much crippled by the loss of the wheat crop of
81, and the subsequen. low prices of grain,
<whch, by the way, are the only real causes of
tight times among us,) there is a manifest im-
provment generally in business while in our
manufacturing metropolis s-Wllnington-we
see accounts, every week, of some firm, which
had suspended, resumng either on partial or
"hole lime, and now, we presume, there are
very few remaining idle. The Philadelphia |
papers are recording frequent assumptions of
business, while the cotton mills of the New
England States are beginning anew after seve.
raj months of rest, or sing time or num-
Der OF operatives. contemporary says: New
York is giving evidence of rebound from the
PlnIc most credltable TO her integrity and most
honorable to her enterprise. The losses of the
year 1857 may be counted by millions and tens
branch OF business which has not suffered
though we can, here aud there, point to excep- i
tons. But the bottom of the hill was reached I
before tie new year commenced, and though t
The descent was strewed with wrecks of bro d
ke" fortunes. the work of mending and ina king i
anew has recommended. While persons have I
suffered greatly, the country may derive great
Oeneht from the shock and check it has receiv- II
ed. Indeed we have seen one good effect of n
the commercial disaster in the new sentiments Il
and aew thoughts which pervade the minds e.
ana hearts OF very many persons 10 the busi. b.
ness community. Those who thought them.
selves rich, but whose riches took wing and
new away hnd themselves poor, and have pass
ed from the class of consumers to tie LIST of P'
producers. Those whose fortunes rested upon 3
AIRY nothlngs have seen the bubbles break.
ana they, too, have become laboters. Those te
"ao mad little, aud retired with large expccta- hl
'lons' still husband what they have and labor dr
tor more. The times have chanrcd the dro,os II
of The bve to busy bees. 1t has taken business mi
men earlier to their business, made them more an
Careful III their business relations, led TO the of
opening OF new set of books, and, in various
ways to more healthy supervision and legis. NJ
alton of business. In this way, the effect has of
'een most excellent upon persons, and saving "s
o The country of an amount equal to the Ma di;
Ional Debt. While, therefore, persons have
uttered deePly,-and forever, it may be-the ".
country is deriving some benefit from the ad. +,
'ersIty of It's own people. The good will be
OrgOIten when the effect of the evil has passed
way; but, meanwhile, we are checking what abe
ecame most dangerous excess. in
As an evidence of a return toward prosperi. bel
y, we are haPPy 10 learn that great efforts of
ave been made, and are making, to pay The wh
Oreign Indebtedness of the nation. This ia Fo
cen IN the large shipments of specie and in VIII
he small imports, but it is more visible in other bel
rays, by the many who are straining every eve
erVe TO pay what they owe one