The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1870-02-10
TEL. LOON AIsEAu.

aud Fina Dcal Chronicle taking the
same hopeful view Of business that We
| do, and we commend tb. following re-
marks Of that paper to tho thoughtful
consideration of the numerous parties
that seem to have ON land II job OF
getting up another panic.
"Upjn the whole, there is really
much in the present condition of the
country to bcSpeak satisfaction and
confidence. Daring the war, aud two
years succee ding, we experienced the
evils Of iunAtiou in its worst form,
That was period Of cNtrrma dagger
to the country. \ similcr condition
of aiT,,irs prevailed in great Brittcn af
ter the conclusion OF her continental
and American wars There, however.
the imitation attained such q pitch Il,
to burst in ruiuous panic sweeping
away hundreds of bank', wostraitiu-
credit universally, and creating gcntr
al bankruptcy, with sudden fall OF
about fifty per cent. in prices. Very
fortunately, with us ia, imitation Of
the currency AMI Of prices has culmi-
mated without any catastrophe. The
reaction has come by natlral process
The intelligence OF the people discov-
cred the danger oi thc situation, and
caution gradually succeeded imru-
dent speculation, credits were care
fully watched aud traders were con,e.
qncn,iy spared the ri,k of carrying too
heavy stocks upon dcclluiug maEllets.
la view ol this steady and nalur.
, Il process Of reaction 'inilition
, we are ut To-, To conceive of the
I grounds for the Vague but settled con.
viction, now 50 general, that the l!nan.
cinl anl cumm'rc,aidcr,ngcmcuts grow
/ ing out of the wal must sooner or later
issue in general panic aud insolvency
There could be no better gulrinty
AGAINST such catastrophe than the
universal caution which now prevails.
The sentiment Of the country j. essen.
tally conservative. An expansion of
the currency would BE- 80 unpopular
to the people at large that there are
few members Of Congress who have
the darng 20 propose slch measure
no enterprises can bc tilatcl which DO
not present good evidence Of sound
ness. Wall street spectators find ii
far more difficult to promote IN advance
in stock than II decline and then on
the question OF specie payments there
Is avaSt conversion OF public opinion
In favor Of an early adoption Of the
measure. There are plain indication,
# II wholesome commercial sentiment.
such as usually proceeds public pros
perity aud cannot with auy cougru'ty
bc REGARDED as the iogcrunner OF
panic
This i from a journal that la, no
fixed theories of finance to square eve
thing no TO, but simply chronicles
thing, as hc finds them aud il pro-
cccd' to apgpr very favorable trade
IN 1870, which We ourselves see good
reason 10 expect. The very storm
thut has brought down prices aud eau
ed failures, Las induced preparations
for enterprises that would not other
wise have bcea uudcrtaken such
moments being always deemed pecpl-
arly favorable. Capital then comes
fourth more readily and seeks invest
mcnt, instead Of waitiog to be sought.
After competition has been reduced by
tho sweeping away oI weak or bank
rupt houses, there is Il better chance
for new concerns TO start, and for old
ones 10 spread thcii sails. Indeed the
opportunities for making money at
such timc, far exceed those OF all 9TH
er times. The country has got to
have lis regular supplies, AID these
instead of diminishing, ris, steadily
with the g,ovIf ofpO2uation, and thy
Development eft country.
The ro,uperGtiyu ana last increa,-
ing prosperity of the South create Il
demand therc for currency that car.
rio- of the surplus volume from the
North and equaliles the distribution
81 olhat its relations 10 trade an ! inanct
are more natural, and justify less of
the talk about initiation. The sjuth-
ern crops have been most valuable,
aud have replaced the southern people
in much Of their old position, AM the
rccovcriu OF wealth and tone of that
section stimulate trade that bad pre-
viously been despaied Of Accord
ingly we find tlat the southern trade
of the past year has been profitable
and has ewplnyei a large amoUt Of
capital aud enterprise both South and
North.
The general railroad movement of
the country has been re remarkably good,
the increase in all quarters being au
evidence of the soundness Of our pros.
perity. There could be no better in.
vestmen: OF capital than in railways
for the development of IA country, aud
this Is no expansion wbatever,'but u
permanent increase oi resource. Dur
ing the year 1869 he uuIuber o! Bew
miles Of railroad constructed has far
exceeded all previous experience, aud
the increase is in other respects ro.
less gratifying, If anything conld
warrant greater breadth OF II aid it
would be this, aud yet We find people
clammoring for contraetisn, the only
etieer Of which mnst be crowd busi-
ness into fewer hands.
The crops Of 1869 were remarkably
good in all details, and have aided
largely in the forward movement oI