The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-16
CONsErVATEyE INTLUENCE o. 4
NAIION a. MANIAM.pT NV.


~" Nh' "NNhha Ft LAW.
IRON Nf If'i'e'
There are many cautious. conservative minds
that shrink from tie SUPPORT. and ipcIiret, d.p-
rccote tb,, ,e.s,,, ~, s..., ~,
i"..'e' VI "-'..I.u'' bA""Iu.' Law
lcaiiuB th"t lts success. would render sUeCull-
ton ramps and iuuuguraEg a VgncIsI rrczrpss-
ness OF rccuniaiv ob,ignt,rr. A. VIZ rbsyi.i nm
OPPOSITE yirw y,c l., iI,, t ,,',., ,'." ,g a.,
mater in he ligbt ,r II "a ,,,',,, ~ ey''a,ue. .uo
which Envp at l,4.f tI. ...,,, ~. t0 . @ 't t
test nj ,oorg ~ q, ", mus '.,'..i lue
ton. '''' ''' '0"''''' d.
Credit Ia one Of tho moo, r,,,,,r,.,,,t ,.. r.
inyeutious Luf IiL - ..'-. .l ,l . W. ~ ~''.'''u
aluscd ar Il rerva,toI q l,,...,,4 ~ a. tt ~, ~
run iu debt bprn win "a t,...I.t,. .,-.l ,,, @
utterly uppreceJ,r.fsd lT It5.r iIS .l',' t,r
linz who has % rIorl.rl f." 4, a,,.. - - ,p
try store. gccumuIafirg r0rr,Iy n sr,i, ,r b-,,,i
riy,tb a, W i, '",'..E guy pi u'o'l-
vague corme16.ti"u ,-i ~, '. ,,,.,, ct, o
men. and stars win fTa15 ,o so,I. go, .',
rum for a stool Of gC,ts no., i,ir ouP
cludes fn trp-t him - III =" 2
dr,d dollars warn nr .a.r. tt,,t t .' @ ''. 4'
10 sell and is allowed d, .rorg. b,, d, ~, -,
for; whcreupou another cou.I5des rI, u
does IL he NAV. and ro,- d Iots hin. 'r,,l d, bi
with little hrsitaiion sceing tbgt a,I -
have done so; and Tins no ynGs on nj 10 Il 20
bought 900 TO 500 600 worth on credit, whom
there ig mon "A man r,, - r,t ,r . " II II
have the goods tbnn The noes bc ba, iva, fSs
them. Thus he "gets INTO Lr.iocss yyitboJt
enough cauital To INV n horse Snj oo-, ,
HOufisbCs away paviyv I,,i, berr ,i - I,i tit
there getting extensions and bnvin,- rrc
till his creeiiors become tirol nf bis ,',,5
shut down on him WHOM he c1iIgItsrs 80 l. tr,,
to fortv cents on the Goliar and IL All rc,5 " "a
start again, or 20 into any oil or railroad snS,S'
lRtion that NAV be current SucL without s,,
aggeraton, is n,rcautiIc credit ne IL anurig5.J
among us for thirtv or forty wears prior ro tc
qreakiug out of The Slavcboldefs' R,beIiI11 WV
For the time, this is knocked ia tbc head. but
1t will break out and rage again 20 som 9s we
have peace. Burnt children DO qot dread tbc fire.
or, if they do, that don't deter other and precn-r
CHILDREN tIom poking tucir fingers into the can
die. blaze. Everybody knows that rncrrantiIe
credit has been far TOO loosely given; bug every
one hopes that he may somehow avoid hi. sbArc
of the richly deserved penalty Of tho general
wrong; and sc the shell is tossed from hand t1
hand till 1t CNplodCs, and sCItters desolaton All
around.
Hence we have five times Gs many traders to
support rs we need or should have, and the
prices of goods arc toucspondingly inflated.
Men do a large stroke of business for years, who
were never worth $1,000 IN their lives, and could
never have filed a store but for the shocking
abuse of credit, misuamCd the credit system
Hence bankruptcies, enormous and almost uni
versal, resulting from tho facts that we have far
too many traders, aud that men rush into mer-
chandisc who are no more lit for it than for
archbishops.