The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-27

Wro ARE THE PANIC MAKERS The great
question which is now being agitated In the
journals and In private circles Ia as to the
origin Of the present financial crisis II liz asked
on all hands who made the panic, by what In
fiuences prosperous nation is suddenly
brought to the brink Of ruin; what causes the
banks to suspend, the money market to be
light the best securities to fall, thousands of
workmen to be thrown out of employment, and
heretofore profitable branches of business to be
stopped altogether? This state of things Is ac-
credited to various causes, and some philoso-
piers, who are fond Of giving to US the credit of
having influenced almost every important
event-political, social or fnancial-declare
that it is the New YORK HERALD that has
created the panic. In the same way these
wiseacres declare that we influence all the
elections, and that candidate Is elected or
defeated simply and solely on the ground that
we took sides for or against him. If we say that
Tompkins is not at to 60 to Congress, and the
people of Tompkins' district think otherwise,
and send that misrepresented patriot to the
councils of the nation, then Tompkins was
chosen because we opposed him. On the other
baud, II we recommend Tompkins, and he is
chosen or is not 1T makes no diference-we did
it. So, when there is panic, and we give to
oy political reasons conceal, then we make all
the trouble-we cause stocks to go down, and
80 on
Now, we are not anxious to be praised for
other peoples good deeds, and particularly oo-
ject to being held responsible for their misde
meanors. The real panic makers are the aboli-
ton leaders, and they commenced their work
nearly thirty years ago. Such men as Tappan and
Hallock (who established the Journal Of Com
mere as an abolition organ), Garrison, Fraucis
Jackson, Edmund Quincy and Wendell Phil
lips, are the real panic makers. They have had
many recruits since the germ of this panic sp
pesred In New York the Hallocks aud tbs
Tappans have retired from active service and
their places are filled by Seward, Webb,
Greeley, Weed & Company, who make up
regular panic manufacturing concern. The
course OF these politicians has been such as to
exasperste the South, to promote the organiza-
zion Of very powerful secession party In that
section, and to alarm the people to euch an
extent that they see no adequate remedy for
their present grievances, except in resump-
ton OF the powers delegated by the several
States to the general government. This has
produced the panic, and we say again that
Weed, Greeley 4 Company are responsible for
it. They have been aided and assisted by the
radical abolitionists, such as John Brown-who
was the only man Of them that had the pluck
to attempt to carry out his ideas-aRd pestifer.
GUS fellows like Redpath who are scribbling
continually and scattering abolition trash far
and wide.
These people are responsible for all that has
occurred and II the people Of the fifteen South
ern States are not pacifed, If they do not re-
ceive guarantees that their property, Of what
ever nature the same may be, shall be pro.
tected in all the States and Territories, and II
they resolve to go out OF the Union, then the
blame must fall upon the black republican
leaders, where 1t justly belongs. And if the
mere threat OF secession creates such a storm
as that which has swept over the Central States
during the last fortnight, what will be the effect
Of the act itself? The present panic Is mere
chIld's play in comparison to that which menaces
us In the event OF united movement in favor Of
secession. So the very beet thing toe panic
makers can do is to 60 to work and repair, II
they can, the mischief they have already done,
and guard, II possible. against any future dan
ger Their favorite measure cosrcion-is
utterly impossible. The Sout cannot be bull
lied or whipped into submission, and the
sooner Mr.. Lincoln's friends make up their
minds to tha, effect the better II will be for all
parties concerned.