Wilmington daily commercial., 1873-05-14
WILMINGTON, DEL.
"wednesday AfteFneons Nay lAs
,VIIvIgaTorw YTYANCIAL PRosPxRrTY.

WILMTNdT0EH RIhAHClAL RhOskkhAEAs H
: with but slight foundation in truth, there
have been within the last month, exaggerated
and unreasonable stories current on our streets,
.nectlnk the financial stability of many Of our
busineas men. The circulation of such stories,
except upon the most substantial evidence OF
thair correctness, cannot be too much condemn
al and nothing could be more injurious to the
general interests OF Wilmington than for them
to be true.
nis very well comprehsnded by business men
thai there has quite recently been most severe
MONETARY stringency, taxing the resources OF
even solvent and prosperous firms, but 1t vas
onlv of brief continuance, and in this city at
least, it inflicted no great amount OF permanent
injury. To it, however, there Is to be ADDED,
duIlnsss existing in some branches OF mAnuisc-
lures. owing to the rainy and cold spring.
the demand for carriages has been very
slow in commencing, and meantime some OF our
builders are carrying large stocks, OF finished
work, and absorbing heavy sums OF money ous
banking capital ID well known to be greatly oe
ficisnt in amount, and the accommodation it Is
able to AFFORD Is barely sufficient for easy times
and limited demands. Naturally, : slsckening Of
the markets for our manufactured goods, and
the need for increased capital to carry the stocks
on hand, oblges manufacturers to exert them
selves and use all their resources.
In such times, and under circumstances sinai-
lar in character, it is the duty of business men
to stand together, and By no means to allow
those of their number, upon whom temporary
pressure is thrown, to stagger or fall under the
burden. Generally speaking, the disposition IN
Wilmington, with regard to this, is good, and
our men of means, our banks, and busi-
ness men who ars not in "A pinch" are
usually prompt to support those who
may need and deserve assistance and
whose condition iustihes the expectation that
such support may be prudenty extended.
But as we have already remarked, the circu-
lation of gossiping reports, affecting CONNER
cial credit, may do no more harm in day, than
can be remedied in months. "Confdence is
plant Of slow growth" and yet the blight Of sus-
picion is easily thrown upon it. Men who are
laborious, accurate, perseyering, and upright,
who are entitled, by heightened business ca
reer and success more or less decisive, to
the public confidence and respect, are assailed
by these tongues of vague, indefinite slanderr
and suffer to lamentable extent.
Now, Wilmington is, in the main, remarka-
bly, prosperous, industrious, and solvent com
munity Our leading enterprises and most oi
our business operations, are perfectly sound
making living profits, year by year. There is nc
real cause for extended commercial disaster
amongst us. It could only come from failure
of business men to reasonably assist each other
or from causeless panic and prostration oil
credit
1t must be remembered that the success o.
each business man in Wilmington-especall.
mAnufacturers-largely depends on the prosper
ity of the city collectively, and that genera
prostration, even Of one branch Of business, in
juriously Affects all the others The true polio
is TO stand shoulder to shoulder, and to regar
the welfare of Wilmington-the collective pros
perity OF all our business operations-as an OBJ
iect Of common interest to every one Unde
such policy, the discouraged willbe terminated
and those suffering temporary stress will haV
strength to pull through, while ultimately tn
growth of our city, and the prosperity of all it
business operations, will be promoted in tn
greatest degree possible.