Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-01-22

| ly such cause ana bucn consequs"So
are felt. The correction will be swift
and sure, and the prosperity following
this dark day will have a brilliant sun
No man need be discouraged. One
move is equal to two fires. And the
man who stays at home, content ant
doing his best with the times as they are
will fare better than those who run
probably tofnd the condition of things
little improved where they go, and tc
take on themselves the cost, the risk and
the lost time necessary to a change
When the time has expired which it has
cost to make such a change, it is ex'
tremely doubtful whether they will find
business better in their new home than
by the same time it will be here. Bust
| ness stagnation is universal, and running
about now to better ones condition, is
very much like the Shareholders run,
during the war with their negroes from
pillar to post, and from post to pillar,
all to no purpose, except to bring disap-
pointment, vexation, disgust and despair
Let us resolve to do the best we can with
| what we have and where we are. That
is what we think, if we do it, will prove
the highest wisdom, and cost no regrets
| to any body.
But, in order to revival of business
| here, we must have some liberality, some
magnanimity toward one another, some
concert, and withal common sense and
good deal of it. The proposition OF our
correspondent suggests q multitude
There is capital enough here now, il
rightly directed, and with the proper CO.
| operation, to fill every house vacant in
the city and call for thousand more
within six months. We deserve not only
to suffer but to sink, if we will only moan
and croak, when we might presently
make ourselves happy, by redeeming the
unfortunate time in laying the founda'
ton of q future prosperity, which the
very circumstances surrounding us nov
forcibly indicate and press into notice
The farmer cannot make a living by
cotton. But he can live by bread anC
meat The merchant cannot find living
profits in bringing goods to sell among
a people who are short of money to buy
But he may buy less, sell what he has
and invest in manufacturing at home
| goods which are articles of necessity
and which therefore every people viii
somehow find the means to buy. The
owner of real estate finds it Improbable
to build it up at present rents. But hs
| will find it profitable to invest in manu-
features which will bring population
aud augment the demand fer and profit:
of bis real estate. Let him submit tC
great reductions now, which will bc
partly repaid by retaining population
and invest as much as be can 10 manu-
features, which will bring population
return rents, and augment the values o
real estate.
Our correspondent suggests tn
manufacture of hats. That is al
very well, and should not be neg
lected or despised. Suppose we ado
shoes--perhaps others will add some
thing else, and we shall not be without
nucleus or two. We do not need iarg'
companies and large capital so much a
the rigorous application Of what we have
| We shall be astonished to see what small
beginnings will do. Undertake enter
prises calling for hundreds of thousand
and the chances are that they will fal
through. But the smaller will succeed
Ten thousand dollars capital in tn
hands of the right men, and used wit
energy, will start little hat making o
shoe making business, which will pa,
very we'll now better than anything els
we know Of, except shaving notes, an
much safer than that. Lynn and Saler
started with little thousand dollar shopI
and Lowell had an equally iusignihear
commencement
The profits Of manufacturing are sal
to be greater, and we know them to ;
quite equal to planting cotton or mel
, chandise in former days But to say thi
and to look no further is wholly TO owe
look and utterly to come short Of Apr
, ciating the chief part Of the matter. II
y every mechanic put to work in the ma
: ufacsure Of any article Of prime neeessii
d in the city we should support and requi
ten other persons in one form or anothe
+ He may have a family Of his own. /
must be bearded, and it takes somebo'
4 to provide his food, somebody 70 haul
!. wood and his coal, and somebody mu
It bring his clothes here to wear. Any O
. who will look into all the results a
= manifestations Of tSis matter viii be 81
d prised to see how far they extend. 7
thousand mechanics TO work tO-morr'
/. and yon add ten thousand TO the popul
II