The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-11-28
he Sally SunruaI.
EVANSVILLE, IND.
pNEsDAY MORNING NOVEMBER .
The Panic.

dfAer lrleuusi through our Weekly pa
not to be alarmed by the prevailing
Tic. Matters it is true do look rather seri-
). Banks are breaking; stocks have ma
tally declined; trade is stagnated. There
40 demand for produce except for local
assumption. Prices have fallen. The
tom seems to have been knocked out Of
stock banks OF. Illinois, Wisconsin, Iowa,
ssouri, and other States, and the list of
money is reduced very low. 1t is hard
get hold of currency on which there is no
icount. Bankable money all seems sud
My to have hid itself out of sight, and
preciated currency is all that can be laid
Id Of
Confidence amongst business men seems
be lost. The public are trembling for
IT of greater disasters yet to come. En-
prise is checked, and the prospect for the
ming winter is one of great suffering
gaongst the poor and tight times
nongst the independent in this world 3
5ods.
Where is all this to end? Are we to
we another general crash like that of
s5T-a2 These questions are frequently
,ked.
We think the end of the present disastrous
ate of things--not the "bitter end" for
lat we are feeling now, but the bright and
cosperous end-will come, if not before GER
sinly by next Spring. Our justification in
ipressing this opinion we fi1d IN several
circumstances =
forth, and the splendid crops with which
ais section has been blessed the present
ear. Also the economical habits formed
y the hard times of late years.
2. The manifestation of faith in the
ear future shown by the Boston and
lew York bankers recently. Our late dis
atches from these points announce thai
he bankers of those cities-instead of con-
racting as usual during panic, ceasing tC
Dan and forcing the payment of debts due
hem, to the ruin of their debtors-havt
AIKEN the-most liberal course ever pursued
this country, and have discounted to th'
xtent of millions of dollars in order to re
ieye their customers and move the Immense
quantities of produce that are stored il
he warehouses between the West ant
East. Think of it The bankers of New
York, proverbially the most nervous ant
scary" fnancierS on the continent-an,
The bankers Of Boston-instead Of " con
.racting" when the panic wakes hottest
expand to vast amount. What doe
this Indicate confidence in the near flu
ture, or despair. Every man must see tina
those skiiInIl iuancers of the East hav
confidence, If no Que else has. They know
very we'll that $50 far as the North is con
cerned) she is pretty well out of debt-no
estimating the bonded debt for railroad iro
and internal improvements" not ye
due and has plenty of wealth in reserv
with which to pay her current expense;
Therefore, they have confidence, ami ther
is plenty Of reason for it.
In regard to the prospect of secession an
general political breakup, there is a di
terence of opinion, according to the partie
to which men belong. Those New Yor
and Boston financiers are the very men, {
all others, to believe in a serious disaster I
the Union if there were any ground for i
They seem to hold very lightly the preva
lent cIamor Why should ace, who believ
there is not going to be any dissolution, g
frightened at shadows
Let farmers, mechanics, manufacturer
merchants, miners and others keep quie
live prudently but not parsimoniously, hoE
for the best, have faith in the future, atten
closely to business, and all will come OF
right yet. 1t is impossible that there shou
be any general distress. On the contrar
there is abundant reason to believe that Il
North and West are in better condition this
ever before.