The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-03-07
The Prevailing Commercial be-
preston

others to apprehensions Of increased /
duties.
Without attempting to account for /
the particular cause, undoubtedly the .
financial situation of the country must !
be attributed to the gen eraI policy /
pursued by that party, and it is to be
hoped that as a consequence of these (
convulsions-industry without en-
ployment, capital without investment, /
disappointed hopes, and bankruptcy
the people Of the North viii grow
tired Of their rulers, and demand a
change. But this win be the work
of time, and unfortunately when the
change occurs, it viii be too late TO re
woke the recent legislation establishing
the status Of the States. The present
( Congress viii exist two years, and
within that time the events Of ordina-
ry centuries may be crowded.
The Evening Chronicle, Forney's Wash
( iugtou organ, quotes under the above head,
from the Financial Chronicle, an article re-
feTiug to the universal complaint of dull
Times and adds
This does not tell the tenth part Of the
. story Of the depression of American industry.
The business Of the whole country is on tho
edge If bankruptcy. Nothing can save ii
from that catastrophe but "a fITih
The New York Herald, speaking Of
the spring trade, says:
general complaint is being made all
. over THE country as To the condition of our
spring trade Ii is not to be denied that
( trade is dull As compared with last spring
10 is particularly SO. In considering the
/ causes which have led to and which main
tain the present stagnatiOn Of business it
ought not to be sOrgotteu that while some
Of them are to be deplored as national ca
Iamtie- which ought never to have existed,
Others Of thcm are natural and almost una
voiGable, but can only be temporary in their
duration
During the debate on the tariff at the .
late session of Congress, Banks, a
Radical leader, made this declaration:
1T was impossible that the government .
should go on for three years longer, or two .
aud q half years or two years. without APP
preaching the verge of ruin. Business was .
suspended now. The people were oppressed I
with taxes. LabOrers were thrown ont Of .
employment Everything was unsettled (
The wisest man could not look to the future .
without apprehension, If not without fear /
The future was full Of danger, and rather .
than face that danger for two and a half OF .
three years longer the representatives, of the /
people would be obliged to consider the con /.
dltOu of the country and what course of F
conduct was necessary for the safety of the +
government and the interests of the people /.
\ letter writer from the city of New /.
York presents this frightful picture:
Thousands of people there are now trying /.
TO live on the charity of a few benevolent +
societies, and that scores of hali-tdmishcd /.
men and women are seen haunting stores /
and private houses, begging penny or a
ernst of bread. The thing has even gone so /
far that women commit petty theft as a
means ofreaching the comforts of a msera- |
bic prison. The crowds that apply nightly
for lodging at the station house are becom-
ing too great for the accommodations. APP
pHcltiOus for admission into the public /
institutions are increasing daily. The de-
posts IN the saving banks are nearly used
up and employers everywhere are turning
Oft hands aud reducing the extent Of their
business"
Another writer says:
The trade of New York is absolutely paraI-
/ led. We are now nearly in the midst of
+ H.,
/ can walk through half the business houses
+ in the city and see two-thirds of the sales
men standing idle. In the manufacturing
/ branches, the stagnation Is nearly d, great.
/ \ great many shops and factories are run
! ming with half or less tyau half the usual
/ labor. and the streets are crowed with clerks,
/ mechanics and laboriug men out of employ
/ meut. The strain ON the Savings Banks
. which has been going on since Christmas,
/ has depicted them of half the deposits which
/ they held two months ago, and the other
/ half will probably be withdrawn before
/ May. There is nothing doing in any of the
/ shIpyardS; thousands of able-bodied men
flock to the docks every day, looking for a
/ chance to earn dollar among the shipping.
I The demands ON private and public charity
. increase daily, and apprehensions of food
panic begin to fill the minds of our thinking
men.
1t may be a consolation to the PEG
pie of the South to know that the
schemes of Northern Radicals are
returning to plague the inventor and
may encourage the hope that they viii
produce a wholesome reform, which,
in the course Of time, will drive from
power the Iawless party now in con
troll of the Government; but we repeat
that we are not to delude ourselves
with the belief that revolution will
occur speedily enough to deliver the
South from the effects of the recent
legislation, For instance, the law of
negro suffrage goes at once into opera
ton 1t is incorporated into the
/ political system of the country, 1t
cannot be resisted. 1t was settled
when Gen. Lee, after making the great
est fight against overwhelming odds,
/ the world ever saw, surrendered ut
Appomattox. And wisdom dictates
that those who are to be affected by it,
should strive to direct its operations
for salutary ends, and to bring good
out ofthe evil which the malice of its
authors designed to produce.