Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-07-29
Don't Be Frightened!

The late speculative effort to run W
the prices of all sorta of merchandise has
produced panic among all classes. II
started with the pretended rise in gold.-
Taking advantage of the wicke edness o.
the den of N. York gamblers who call
themselves board of brokers, the whole.
sale dealers in all classes Of goods com.
menced to operate upon their country
customers with circulars suggesting q
rise. The country retailers took the bait,
and in turn suggested rise to their
customers. The retailers were advised
to make their fortunes by "holdiug on. u
The game commenced with dry goods, as
more susceptible to an impulse. Tom,
Dick and Harry were threatening to put
padlocks on their shelves, and in a few
days women and girls would have to pay
double prices for prints and ribbons
There was rush in the store, and rush
in prices-and of course there was no
"hold on" In the meantime gold vas
cilated all the way between 200 and 800,
just as anybody "on the street" could
induce the associated press to report it..
Even in Waterville $50 was offered when
but 225 was asked in Boston. To be
sure, nothing was lost, as neither party
had dollar except in paper.
The panic is still up, though gold is
down. Flour rises as though it were
half yeast and the dead fingers of the
N York gold workers are felt in every
thing we eat, drink or wear. Gold has
nothing to do with it. Gold rises and
falls dry goods and groceries rise, but
they don't fall. Two cents rise in quota
ions sets -four ten cents to the consumer,
but fall of thrice ten cents only holds
it " steady" in the hands Of the retailer.
In all the staple articles, silks and laces
included, the market "huctuates " but
one way.
Now we know but one remedy, and
that but partial one, for this unreasona.
BILE panic-this organized spasm OF
speculation. This remedy Is with the
buyers they must stint their purchases
they must economise. Wear out your
old clothes the old bed and bedding !;
the old carpets and furniture; Live on
more simple food, and let the garden and
the fields do more towards supplying tn,
table. Feed the children with bread and
milk in lieu OF roast meats and sweet
things aud even try the change on the
old folks, and thus save doctors bills
Let the cid bonnets and old hats, the old
dresses and old coats, old shawls and old
pants, wear little longer; and by no
means buy things that are not Immediate
ly needed because the trader tells you
they are rising He is not a reliable
witness in these things. Did ho ever ad.
wise you to defer your purchases till to-
morrow because goods are falling Our
advice is not to the rch-they can do as
the, please Nobody cares how they
spend their money, or how soon they put
it in circulation. They can afford to
run risks, or even make losses, to crafty
their appctites or fancies. The safest
economy tor the poor and middle classes,
who are without ready means, is to buy
when they must, and as little as will
answer. There are exceptions to this
rule. but they are not worth mentioning
and tor the simple reason that those
who know enough to use them will find
them out themselves. 1t is enough to
say they have no relation to dry goods,
fast horses, rum or tobacco.-Mail.