The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1864-03-16
When win IL Come.

arc ucBiuuiuS W asA, oh0 VI "ho'hoi ,
with rapid pulse and whispering ter
ror, "when will the crash GOMEZ" =
"How will it be brought about?"-
"What can we do to save ourselves
when the storm shall burst upon u.s.?
"What notice will we have?"
And it behooves us all to think about
it. Last fall Mr.. Chase, in one of his
triumphant speeches in Ohio, whilst
trampling on the detected "copper"
heads, said that now the war could
and should 60 on, even if the curren-
cy should so expand that ga thousand
dollars would be required to buy a
breakfast" as in the days of continen-
tai money. Notwithstanding the abuse
heaped upon Democratic statisticians
last year, for saying the National Debt
was 5000 millions, Thurlow Weed
NOW places it at 1900 millions! and
Mr.. II. McCulloch, Controller of the
Currency for Mr.. Chase, sounds a
solemn note of warning about disas-
ters yet to come. He thus addresses
this pet Treasury Banks, in a circular
issued to them:
CIGAR CONSTANTLY IN MIND, AL
THOUGH THE LOYAL STATES APPEAR
TO BE IN A PROSPEROUS CONDITION,
that SUCH Is NOT THE FACT"
"The country will
nnquestionably be POORER EVERY
DAY THE WAR is CONTINUED.
X * The apparent pros
perity of the country will be proved
to be unreal WHEN THE WAR is
OVER, If NOT BEFORE!"
Surely, ifMr. Chase and Mr.. Weed,
and chief assistant of Mr.. Chase
say such fearful things, we and our
"honest neighbors" shall be pardoned
for looking a little, in our weak and
timid way, into the fiscal condition of
the country. We know there Is
newspaper here that calls Comptroller
McCulloch "disloyal' for writing the
words quoted above. But then, we
venture to say this bold denouncer
would take a place in Mr.. McCulloch's
ofice as perfect god-send, and would
be glad to take his pay in any sort of
currency, even if gold were at pres
MUM Of 100 per cent.
Yes-"When will it come?" All
observant men see thata collapse is as
inevitable as death is to every living
creature. Mr.. Weed believes it, Mr..
Chase cannot gainsay it, and MIR. Me-
Culloch declares it will come with the
end of the war-''if not before and
how will it come? Will it
"Come as the winds come when the forests are
rended,
Come as the waves come when nuvies are
strsndedl''
Will it come as storm Of volcanic
FIRE and ashes, and widespread flow
of lava? Will it come as a landslide
after thaw and rain, Or as moving
bog, slowly, steadily spreading over
the fruitful land, whelming man, and
beast, and dwelling In common ruin?
Or will it come like an earthquake
shattering our frail fabric of credit
like a mountain of glass?
1t is thought by many that no crash
can occur till necessity or public clam
or shall demand q return to specie
payments-and this looks reasonable.
But who can tell when the glut of if
rsdeemable paper will create panic?
and once created, even if compare
lively eauseless, how can its terrible
Wages be stayed? To check such a
calamity Mr.. Chase's financial wand
would be as powerless as the imple-
ment of mock-magie used by a travel
ing conjuror.
There are people who remember the
panics of 1887 and 1857, who do not
believe that we are to be spared until
specie payments be again attempted.
Some ask with force and truth, Who
can tell the real cause of the panic
of 1857? There are many theories
the one most generally received Is that
the first brick which tumbled and
knocked the long and torturous row,
was the Ohio Life and Trust Company
but then it is denied by many that
the failure of that institution could
have produced the wide disaster of
that time--and the question is no
more settled at this moment than is
the one placed at the head of this ar
ticle. str
But no man answer the question
"When will the crash GOMEZ Each
one of us knows that he must die, but
thinks that HE is not to depart just
YET; and some hope that the gathering
clouds Of i'll may not burst in their
time nor to their destruction. Alive
can saw is that the catastrophe MUST