Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1871-10-27

Words of Wisdom.

The Chicago Tribune thinks that
the sudden disaster which in q single
night has reduced the rich TO power
fy, and the poor to restitution, may
furnish a profitable lesson to us ALL
1t adds: = s@8 .r-g "a ggyawsd
na We have all been living too expen-
sively. Nothing Is 80 difficult a. for
families to retrench In accustomed
expenditures. The war, with its
sudden fortunes, its speculations.
and the hot-house growth given to
certain pursuits, gradually led us in
to habits of extravaganee. The pro-
fuseness of one class found imitators
i'm all others. We consumed more,
and each article cost us nearly double
The only recognized limit to expen,
diture was the want of means and
credit. This extravagance ruled IN
all things. tl Where we once used q
ward of lace, or wore q single dia-
mond, ten would not now satisfy as.
Expensiveness became the social test
European tours were substituted for
Summer visits to the country car
riages and costly horse hesh were so
general that the want OF them was q
Sign OF comparative indulgence to De
resented Ivy society. The servant
wumen of 1871 out-dressed their eni-
ployers of 1851. This senseless
display worked great evil among
the youth of both sexes Female
love Of finery, or the desire TO have
as much finery as others, was direct
liz assailed. How to get as snowy
dresses, as jaunty hats. as. high-heel-
ed boots, and as gorgeous wraps, as
others had was too often fatally con-
sidered. The American boy had dis
appeared. From pinafore to bioad-
cloth, from marbles TO billiards, from
molasses candyte Havapnas at TWEEN
ty-fiye dollars per hundred, Was but
one jump. Peaestrianism became
Vulgar, and livery stables grew rich.
In a single night 100000 persons
were ma lie wanderers, seeking food
and shelter /: I'm one night the accu-
INFLATED wealth. of Chicago vanished
in flame aud smoke; places of busi-
ness. ceased TO exist. The wages or
daily income of ~two-thirds of tbs
population of Chicago was suddenly
cut off, and the spendthrin habits
DTOuRuL W "a kuA Sttps AoSS "
$3.50, 600, 600 of property, aud the sus-
pension Of production By 100000 per-
sons in this city and more beyond,
win necessarily affect Athe whole
country In u loss has been sunk
the fortunes of others invssted in in,
surance, and the calamity viii roll
Ikea wave over the whole CONNER.
ciai world. t
The Tribune believes Chicago may
retrieve much of this loss without
injury to health or comfort. rae ssw
sThe.reeeipts of the liquor saloons
in that city reached So. OOo, 900 an-
nually !; 400 billiard tables received
their daily customs 20 one million q
dollars YVES expended in public
amusements; two millions of dol
lars for cigars. III excess Of a noder;
ate use; fine horses and carriages
came in with their enormous expen-
ditures. In all these, the Tribune
thinks the people can retrench, and
adds: t'If the reformation in our
habits, now forced upon Us, be made
permanent; if we learn to earn be.
fore we spend, and never spend all
we earn, the IastiDg benefits TO our.
selves and posterity win be incalcu.
liable, and she great calamity may
prove to be a blessing I'm Disguise
lie there not food for reflection to
tile people of the whole country in
tlisc a8to08 trFe5 T9dJu