The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-03-04
EFFEcr oF InPEAcHMENT oN BUSINESS.

EtEECI OF lMPEACHMENV UN bUSANhSCs
Nothing affects business so injuriously as
uncertainty. Ever since the contest between
the President and Congress began, CONNER
cial affairs have been unsettled, speculation
has been mere gambling, mercantile ventures
of all sorts have been rife with double the
usual risks, and as a natural consequence
failures have been frequent, and confidence
has been weakened. Here was the man to
whom we had intrusted the execution OF our
laws setting those laws at defiance. Here
was the man to whom the Chief government
of the Union had been committed keeping
the country disunited, and fomenting dam
gerous enmity between sections OF the peo.-
pie. II he succeeded in his schemes, who
could predict the disorders which must fol-
lowe If be failed, it would only be because
Of the resolute opposition of Congress
And in the contest what evils might not
alise2 On the one side was the fear of ma,
tional bankruptcy, on the other the danger
of universal cOmmotion. As time rolled on,
and the prospects of peace grew brighter
and DINNER by turns, the feeling of disquiet
became more general The people learned
that Mr. johnson was not to be trusted; that
that he was equally ready to buster defiance
and to feign surrender They saw that the
struggle after temporary luls revived in un7I
diminished intensity. They saw that neither
the 6rmness of Congress nor the unnistakable
manifestations of the popular will, nor the
repeated defeats of the President, and the
obvious bad consequences of his policy, had
been able to shake his resolution. Until
this man who kept the whole nation in a
;5, hos f,lf mott off
that a permanent reorganization OF our
shattered industries was impossible. g
This incertitude was worse than general
prostration of business. In seasons OF disas-
ter the merchant calls in his outlying ven
lures, and waits passively for better times;
but when the balance trembles between pros
perity and ruiz, there is feverish impulse
of our nature which hurries us into desperate
speculations that may end either in brilliant
gains or overwhelming losses. A prolong-
alton of this unhealthy condition under
mines, sooner or later, the whole commercial
system. o.
The cloud that has vexed the skies so long
has gathered at last and burst. The result
has not been the fierce storm which many
feared, but rather the sudden thunder clap
which clears the overcharged atmosphere.
1t was natural, of course, that IN the first
shock there should be a furry in the money
market; but it is sign how well the people
understand the bearings of affairs in Wash
ington that, even in the excitement of the
first news of impeachment, the advance in
gold was 80 slight. 1t shows that they un-
derstand the effect this measure will have
upon industry They see that the cause of
1, tror, hoch
swept away, and that with the different
branches of the Government once more in
harmony, reconstruction proceeding quietly,
the bad men OF the South no longer melted
to fresh rebellions, the revenues honestly
collected, and retrenchment carried into
every department of the public service. there
will be no further occasion for uneasiness,
and we can buy and sell with some assurance
of peaceful future. The capitalization of
business interests, impossible before, will
now go on rapidly, and the era of bankrupt
cy and speculation will speedily give way to
one of substantial prosperity.-NeaO- York.
Tribune.
For the Standard.
MEssRs. EDITORS Il again ask u short space
in the columns OF your most excellent paper,
of the country. Your most excellent address to
the U. L. A. is cheering, and stimulating the good
people with renewed energy. They have started
a fresh with the determination to be victorious
in the coming elections hope the Convention
may soon complete the great work for which
they are assembled, and submit at as early a day
as possible good, sound, Rel ublican COnsti-
ton. The people are ready and anxious to ratify
it, and get their members in Congress, Leglsla-
ture, &c. We are very well pleased with the
preamble and bill of rights. little more liber-
atty in regard to education and homesteads
prior to, and during the rebellion, to be null and
void. Contracts made since the rebe lion, staya-
bic for one or two years. '-- .'
am sorry to see such wrangling disposition
manifested by the Cons ryatives in the Conven-
ton. Causing the delay of important business,
and adding unnecessary expense upon the people,
who are already heavily burdened with debt and
excessive taxes, they would be better employed
if they would try to give them some remedy OF
relief.
am not surprised at Mr.. Durham feeling him.
self out of place, in the Convention. The people
think the same thing of him and the other Con-
servatives. --..
Messrs. Harris, of Wake, and Galloway, OF
New Hanover, have proven themselves to be men
of talent and ability, and are no disgrace to the
seats OF CASTOR, Graham, or any one else. II they
are colored men, they possess the right princi
in all their actions.
hope in your next issue you will give us all
the particulars OF the great Democratic Secession
ConservativeCoppe Convention, which
assembled in Raleigh on the 5th inst. Let them
howl. Their wailing will all be in vain. We are
going to Fatty the Constitution, and elect good
loval ihen to Office.
We are anxious to hear from the Alabama cleo
ton, we anticipate glorious victory tor the
loyal people OF Alabama.
With the best wishes for our success.
am very respectfully,
LINVlLLE.