The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1866-01-20

""-t !" -" 1~oe+e Z Nr "tN'f'Httuue io-t
seek smouas.d % over 5000. zoo. gold W 1
ustlon- In she five and hsl' months ~hlc b
awe expired of he rurelt fiscal year. they
snosst y <l27 C0O 90; Tor rhe Whole a.
..rsl year ehasnr ~ " Juss next. they
wti pot be iess Iasa SEQ OC00oo Thi.
i q the port ii New York soae. and Is
. eser and shove Al imPorsrions - Boston.
PhiIsdrIphia. Baltimore. frontcr rors. s,c.
I. Ns~- Ihs ecunsry has just gons throuen
lsa sxhaDs'Isg four years ~sr. The war
has eO-l nearlF ssOO0Oo0 go. Just that
sum hss been spent. Lost. subk. By that
sum the nafIon 10 poorer than il was before
the war began Yet u seems that we eau
afford 10 sPend more money than ever %
lfuseiEa Gportslions-though the daly on
-rrh ImPcrsatons 10 from t~eive 10 twenty :
fse per ceEt- heavier thsa Il used 10 be, and
The eIstoms revenue j. averaging halt miI-
!sss - goid each ~srking d@y-
\ The seeming anomaly sill not log bear
sexsmination. We css not afford 10 spend
she money ~e are spending on foreign i'm
portssions- We eosld net afford Il it goods
~ere 4 Old prices. aud in fact. we are %
rsseaous isr ioreign goods that We are pay
ing Two ard three prices 10 the manussclur-
srs VI Engisad. Gernsn- srd France for
lthe goods they are senting as Foreign
snsnufsetD-ers are all growing neh 81 eur
.x5ense. are 30 busy that they decline ns~
criers- II. Instead ~ spending four wears 10
. sssrefai ~sr-~hIsh cost us about forty
dollars per head per aunam for each Of The
four ysas-~e hs5 been indastiousiy en-
gagged Ia prcdue,ive labor. and had been
prsericinr due economy me while, ~e could
barely afford she ,xsravsganee 10 hich se
a'e nov istGIgipg.
Unless sererhing occurs 70 check The
rrtsen, sPend.hriit tendency Of the people
q The Unitsd ssass. the collapse credited
|oy xr. MsCCIIeeh may be spon us seforr
me s~c years o. expansion he expects shall
~sve eIapsec- /, iso OF nsfions IS OF men
4 n-s Hsy wear srsy bold front. and
Keep cp his apPssraaees long aiier his sub
sisteree hss dsp.rted from him. So losg ss
ne bank discounts bis paper. be eos'iase-
'so enjoy credit. md 70 possess 90 much
money thar TIE wor.t suspects not his 'ossss.
But. sooner or later. the truth leaks out.
and ae !. confessed . bankrupt. The peo-
Die VI the United Ssres are not vet bank
'rrp'. but they hsve lost 80 much mor-sy 10
ne iss, four years that nothing but severe
ercnomy aud rduIcos prosecution Of pro-
austEs ind.stry for years 70 come car
prsv-n,taeir becoming bsnkfup: ere long.
Crest wars osses eomnsrcia! revolutions.
The British car against yspoIeoa wss fci-I
Eoxed by the commercial collapse Of 1879.
our % Of 1s13-'l4 By The collapse Of 1916
III he Criasss wss By inc collapse of 1857 |
Historians sxpisn each Of these eolIs pses
on ditftrert principles, and from their rea-
solirg il would seem that the revolutions
did not neeesssrily rcsuIs tr0m the wars. butl
~ere the fruit Of other and distinct cssses.
This rnsy b.; ku, i i . curious eommercisI
ths, 10 this commercial sge.
gress vsrs hsss isssrisbIy brsa followed
sy severe ecnmsrcisl crisis; and . o.
III transactions vars ore the most ssssefpl
% bvnan industry and shs prsdpe,s Of labor,
i y not unreasonable 70 suspect thar she
csiseidssee 10 not purely accidental.
In The yesr 1856. and in ths early psrt Of
1857. warnings we're not wansedof the in
eviisbIs sosssqusnees Of The ovsrsrsdinRI
then in progress. The crisis q 1857 uss
fossssId assy times bsiors "a came. But
% one listened % Csssssdrs. Eseryth'ngl
wss serene Importers could not import
goods esosgh Cor he jobbers. Jotbers could
sos kssp stock ssosgh ior their deaIers.-l
Dealers nss supply me pssIie fass esoseh
that public which had iss Psckess full Of
railway bor a. ssd stocks, mercantile paper
and cher paper evidences Of dsbt-sll o.
which wss fsr The sims bsing money. and
uculd ~ ssyshing. from sso~sssoss
mansion 70 : red asnpsi shirt wnsn the
evil hour came. ssd he paper Evidences u
ei debt los their pssehssing power, The
psbI;e could sss ~ chat they owed. the
dssIess fsiIed % The jobbers. tho jobbers
failed on ~ imoosters. The fns pcsters failed \