The Portland daily press., 1864-10-06

stand faSt
Yes: stand fas.. Don't be frightened.
What If gold has fallen thirty per cent. ana
dry goods. pork and produce are tumbling af-
tarS TT these 90 down, it is because the ma
tlonal credit rises because men daily gather
confidence in the determination and the abili-
itv of the government to maintain itself
against both its open and its secret foes, That
IS what the fall in gold means. Spectators
suffer, but the nation gains; and every intelli-
gent man who truly loves his country reioices
at this unmistakable sign of the breaking
dawn.
Unfortunately there is no earthly good with
out Its admixture of evil. Men have been do
ing business on a highly artificial basis, and
tne movement towards return to real values
creates temporary confusion and large loss
In business circles. If the only losses were
the rash and reckless SPECTATORS to whose
cupidity the recent high rates have been
mainly owing, we should have little to regret,
but when spectators have forcedthings up
to inerdinate figures. those in the legitimate
walks of trade are forced to follow their lead,
and when the reaction comes mustshare in its
effects. The shock of adiustment is felt
by many, but the return to sounder and
more healthy basis cannot fail to be beneficial
to all. The fortunate ones are those. who.
having seen in time the inevitable tendency
of events, have Ibeen preparing for the storm
by taking In all their superfiuous canvass.
These, having curtailed their business opera
lions to meet the approaching change are
ready now, with everything close reeled for
any wind that chooses to blow.
The change, involving though it may
present loss to some even of our fair-dealing,
noD-speculating business men, must, we re-
repeat, be in the end beneficial even to them.
1t is mistaketo suppose those who make their
money by regular trade are benefited by such
an enormous initiation of prices. They can
not keep up NTH the RISE 1t is like the
"Jumbie Spirit of the West Indian negroes,
always before them, always tempting them
on, never overtaken. They cannot posi-
bly, sell goods so fast but that when they
come to replace their stock they find that the
advance has eaten up all their profit.
In the meantime, to all consumers, among
whom are numbered an immense majority of
the people of the country, the benefit is i'm
mediate and most timely. 1t has been ques-
ton often and anxiously asked, how, at the
prices lately quoted, poor people, and in TACT
all those who live by wages, were to obtain
the necessaries Of life. The winter which is
coming upon us like an armed man, must, at
the best, be hard for the poor. The precari-
Gus state of the market will necessarily unset
tie trade to some extent, and make wages un-
certain: and if in addition to this, the enor-
nous rates at which all needful articles have
been sold were to continue, the restitution
of this class we cannot enough rejoice in the
recent reductions, and in the prospect of ever
greater ones to come. What if importers G.
dry goods are obliged, in order to save them.
selves from ruinous loss, to re-ship their goods
to Europe? Is it not better that they should
miss the profit on which they had counted
than that the poor should perish of cold and
hunger? 1t is admitted that the heaviest
losses will fall, not on the regular trade, blu
on those who have invested money for th,
| purposes Of speculation. Some exception,
there are doubtless to this rule, instances O
business men who can i'll afford the loss the,
must suffer, but this class may console them
selves with the conviction that the bushes
crisis though severe is wholesome 1t ind
Gates that the excitement and feverishness al,
passing away, and more natural and health,
circulation is being restored. The true cours
for such men is to keep quick eye on tn,
lookout and steady hand at the helm
Venture nothing rashly, but don't be fright
ened at capful of wind. Individuals max,
the nation. The government is but the rep
resentative of the people. While the credi
of the nation is rising every day, bushes
men cannot permanently suffer. Gold fall
because the fact is becoming demonstrated
that the people are equal to the dread emer
gency through which they have been called tt
pass. The decline is the index of the extent
to which the fact is becoming recognized The
monarchical nations of Eurobe begin to SEE
the intense vitality which is in republican in
situations, the recuperative power which free
dom gives to the constitution of nations.
In view Of all these considerations surely
all patriotic men will rejoice in the recen
changes, and will take patiently their share @
the sacrifice involved in bringing them about
EPSILON.