The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-01
lIUMORs OF THE FINANCIAL
CRISIS.
Iahn PAM on the Panic.

Cor. Of N. Y. Tribune)
WILLIAMSBURG, MASS Sept 22.
When say that have seen this panic
coming for three years past, simply put
on the robes OF prophecy which every
one Is reaching Tor now that the event has
arrived. That am not attiring myself in
the popular sackcloth as well, Is simply
because | have been wearing mourning
for some time back. All tho Summer
through have not converted with any
"eminent ncief"-aIother and longer
way Of spelling specualor-who did not
see panic cloud looming darkly In the
distance, and did not declare an intention
OF not being caug ht out in tho rain, But
where arc the umbrellas at the present
writing?.
At no time, / suppose, has even the
most sanguinc operator for q continued
rise in securities, belieyedathat the thou.
sands who were buying, bought Tor per-
manent investment. Each knew that his
neighbOr as well as himself bough simply
to sell TO some ore else at an advanced
price, and each intended in his own mind
10 be little smarter than, the other and
get out first. Not q man was there
among all the busy buyers and sellers who
did not fully understand that tho last pur:
chaser would come to grief, but the idea
Of being that unfortunate "last man." !
venture to say. did not occur to ono in
dlyidual mind.
Impressed with vague notion that II
tho many arrived at the conclusion that
Il was best to be getting out at about the
same time, there might DO rush for 1t,
and being besides little lame, l thought
I'd start first. So here l am. How It got
out that deemed 1t wiser TO unload at o
loss cannot imagine, but you see the re-
sult-a widespread sacrifice Of sccuri-
ties, o disastrous panic Sooner than have
had this happen, however, I'd have con-
scpted 10 stay IN and bC 1uined-ior q
consideration. ...-..... =
Looking back at 1t now, l don't know
that I'd have got out II ! hadn't had to
get. Men addicted TO tao street arc much
like those who become habituated to lcai.
Ing late in barrOoms-they don't go till
they're kicked out. My health failed me;
The doctors prescribed quiet and rest; so
Iwentto Saratoga. .,aE,
Well as was saving. VIC all knew this
storm was coming. But / have vet to
see The man who Thought It was coming
lnst vet or,took in INA lower sails.Sit he
did his topsails. When It came or show
cd itself near hand would be time
enough 10 be lodging, they thought, And
nv father once had o horse In his stables,
ailne, spirited creature, which I was fond
oil iooling around. The old gentleman
warned me that he might kick, but |
didn't thank him for that; Of course he
might kick-any horse might, for that
matter. But IHhadn't been round the
stables when they supposcd me 10
be at school for nothing, q j. had no.
,ced that when a horse kicked hc laid his
cars back. Sol .wal,zed- around. l.John
the BApiis,"-,hat waS The noble animals
name, though why 40 christened. unless
because Of lila obiIi,y 10 kick patt
through tho wilderness I do moi know
lust as usns, and rcIiSa nm a relirions nh.
servs,ion If his cara ior ssrs,v Al The
leas, droonin~ n, Ina, baroms,Sr I s,ood
ready Ia irm5, Ono dav having business