Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-11-06
THE RUTLAND HERALD.
MONDAY, NOVEMBER 8, 1873.
RETRENCBNIENT.

AafA y
II tie elements of continued prosperity,
"a fine most astute are troubled to find
o. adequate cause for the financial and
injnstrial troubles that are gathering so
,hickly about US. A large majority of
ii the people of this nation are laboring
won. and their families depend upon
their daily pay for the means of subsis-
,ooce. and to these, particularly, the sit
r,,ion and prospects for the coming win
tsr appeal with appalling significance,
and the short time now given for prepa-
r,ton for the ordeal we must pass
through is 50 brief that no time should
bo lost in awaiting further developments,
INIT every one should adopt the most
ririd economy Of expenditure, that the
means they would use unnecessarily
NAV be available in supporting life and
aleyiatng the suffering and distress thai
+, threatening every community.
The same cause that has operated to
produce the suspension of the Spragues
of Rhode Island, and thrown out of EN-
oIov thousands of operatives who
earned their bread il their mills and
metorics, must bring all the heavy man
rhcturers of the country to the necessity
Of either suspension of work, or of
careful cutting off of expenses by run
ming on short time and with the least
o9ssible Ddmber of hands to do the little
work they will feel warranted in doing
and while the weeks and months are
slowly passing, and the hand that earns
tse bread of the family is idle, the
mouths must be fed, the backs clothed,
and the homes warmed, and this neces-
,itv. during the severe winter that is
coming, requires the strictest economy
ON all hands, that all may live. There
must he no luXuries but every dollar
should be used to swell the stock of coal
and provisions that the suffering which
may come, shall be met with vigor and
kept from as many homes as possible.
We are certainly sorry to find in the
recent failures Embarrassment, indi-
cations of the worst possible character
IN the combination of business men to
rein each other. The experience of the
last few years of unparalleled prosperity
and large profits, arising from the use
ofan inflated currency and correspond
;lv speculative values, has produced, as
qncrfcctlv natural result, an inordmate
freed and selfshness, and if this winter
of stagnation and suffering shall bring
about return to specie payment and
raise the standard of Christian charity,
sotbat business men will not seek pros
perjtv for themselves through the ruin
of others, the experience viii have some
eiccming features to tone down the
suffering aud regret we might feel at
the misery that is brought about by the
lack of confidence of business men in
each Other, but this is not time to
moralizc upon the sipfulness of men, or
to seek for causes for what has hap-.I
pened. as it requires all the wisdom and
seIf-dcnial that people possess to meet
the present and prepare for the future
A crisis is upon us and we can meet it
manfully and pull through its darkness
and doubt TO the shining shore of pros
party and plenty beyond, or we can
drift on in q careless, unconscious man
ner until we are hurled into general
bankruptcy and ruin.
What we need now is general short
ching of sail to meet the storm, cut
ting off of every unnecessary expense,
Tie foregoing of eye.y luxury and the
parsimonious economy in all the out
goes of life and business. No person
has sufficient wealth that he can be ex-
trayagent, for he knows not how soon
he may be called upon for ready
money he cannot raise. The Spragues
have eleven million dollars of assets
more than all their liabilities, and still
their paper goes to protest in Providence
aud New York, and the stiffness of
death reisns in their factories, because
they have not the money to pay ex-
penses. Houses, and lands, and goods,
and commercial paper are unavailing,
unless they viii produce the circulating
medium called money. No one has
property enough to indulge in any ex-
trayagance now :; but to the poor and
those who depend upon the sweat of
their brow for their daily bread, the
duty of rigid economy is imperative,
ard its urgent demands should find an
hmm ,diate response. This week puts
many !, oborers, who are fortunate en-
orrb n h ave work upon a reduction
Of from ten to thirty per cent, in their
nav and tbro, vs tens of thousands out
Of cmnIovment Their accummula-
tons # thew are not tied up in en-
buragsed banks, or Invested III proper
ty that cannot be used, wilf-meit RAPID
ly before the necessary 0ntlayS OF me
cold winter, and there is no ,'thor actIon
that can be available to req Uce SulLei-
ing and want, than that of in. qlie''i''o
and decided retrenchment upon every
hand. Our southern cities that nave
been scourged with the pestilence %
cholera and yellow fever call for ou4
sympathy and our helping hand. The
operatives of suspended factories must
be treated with the greatest considera-
tons, and the multitudes of poor peo-
pie all through the country appeal to
cur charity and benevolence to carry
hen through the crisis that IS APP
proac,, ing, and our business men must
have abundance of confidence in each
ether anil hope in the future, and,
above all. we must all reform our ex-
psnditares and dispense with everything
we do not need that costs money.
There IS no way now but to adopt the
motto Of Cromwell, - to trust in Provi-
dence and keep your powder dry.
The d eleware and Hudson Canal
Company a re considering the idea OF
an enlarcnr vent of their facilities IN