Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-01-10
RUTLAND HERALD.
SATURDAY, JANUARY s; 1857.
Misunderstanding Ahead.


The Chicago papers complain OF gen.
eral dizziness in the West. The coun-
try is over.supplied with goods, and
with large stocks on hand dealers in the
interior are embarrassed to meet their
obligations in Chicago and in New
York.
The New York Times mentions the
fact that trade is stagnant in that city,
and that the large expectations INDUCED
in just after the close of the war, and
during all 1866, about the Southern
trade, have not been realized. 1t seems
the market South is over.supplied, and
that Southern merchants are not pay
ing up, because of sheer inability. This
state of trade South and West of course
is discouraging to New York concerns
which have already large stocks OF
goods on hand, and signifies to man
ufacturers that they must be cautious in
production. 1t Is apprehended that the
pressure which some time since over
took the wooden interests, and has
closed the doors Of several large man.
ufactories, will soon be felt in the cot
ton manufacture.
The rage for speculation suffered de-
cline early in 1866, and.almost disap-
peared before the Fall months of the year.
Now there is little if any oft, and those
who attempt it are quite sure to be dis
appointed In the result. Business in
most departments is dull-very dull in
contrast with the unwonted activity it
has exhibited for the two or three
years preceding this. People no longer
buy to lay In large stocks on which
they can profit by the anticipated rise,
They buy with extreme caution, and
only what they need for immediate use.
1t is tolerably plain that the year upon
which we have just entered is to be one
of contraction and contraction. judg-
ing from all our past experience, means
simply-hard times It's the part Of
wisdom to look things in the face as
they are, and to act accordingly. 1t is
the time of all Others for business men
to be prudent in their ventures While
our currency is contracting, those are
best off who have their means at ready
control, and few obligations maturing.
Debts due should be paid at once,
Those who owe cannot afford to delay
payment day, for henceforward the
money market is to become more and
more stringent. And it is time to
save. Extraysgant expenditures come
naturally Of expansion. They can, in
one sense, be afforded then, for money
comes easy, and is cheap. Contraction
implies the contrary rule-mOney is dear,
and difficult to be obtained. Unneces-
sary expenditures at such times invites
embarrassment, while the careful hus-
banding resource is the plain dictate Of
prudence.
Sailors In smooth waters and favoring
breezes, pride themselves on their breadth
of canvass and light ballast. A little
time on, and the storm is met, when less
canvass serves them better than great
deal, and they would their ballast was
much instead Of little.
Gradually we have been approaching
less placid waters, and it is just possible
that rough season is before us. We
shall need seamanship for while, and
with that, sound craft will weather it
through. All out along the great coasts
of business there are thousand "little
boats" which should ever have kept
near the shore" We tremble for the
valiant fellows on board, and could we
hail them, our advice would be-"hasten
in"