National Republican., 1873-12-15
ABDUT NJ IyrE.

There seems 10 bc an inclination among
the peoplc to borrow trouble" for the fti.
turc. rs il there was not already enough on
hand Sufficient unto the day is the evil
thereof Is M axiom which scr:ns to have
been forgotten. although ii is Of scriptural
announcement.
Not only do we continually hear of the
scarcity Of money, but the number of pco.
pie thrown out OF employment Is exaggcr-
atcd far beyond what the well .auihcnti
Gated facts justify. Perhaps the assump-
larry to the recent failures of some Of the
more prominent manufacturing establish.
mcnts. The closing of a banking house or
manufactory is hcralded forth to the world
with the greatest minutcness of detail IA an
important item Of news, and commented
upon by the press generally as corrobon,
tive OF some recent prediction which It's su.
pcrior sagacity had enabled 1t to make.
The constant repetition OF such items are
designed To prccipitntc the very condition
Of affairs that have been foretoh with sn
much precision.
Suppose. for moment, that pcorle would
reflect that the volume of currency NOT only
has not been decreased. but that by drafts
upon the reserve for the purchase Of ten
millions of bonds anl the payment of The
current expenses OF the Government, ii
has really llecn increased fifteen or eighteen
millions for the relief of the stringcncy, and
to facilitate the movements Of the crops,
I'm md 1f. In
than to impair public confidence? And
then. il. in al.ltion to this, the press
would devote aB much attention 10 placing
before ils readers this brighter view of at
fairs as Il has tn marnifying our financial
disasters and the prediction Of misiortuncs
to come. would not the effect be to induce
those timid people who have been boarding
their greenlnckS to return them to circua.
tionH Most undoubtedly the disastrous
stringcncy in the money centres has been
caused. to great extent. by tho retention
of their funds in their personal custody by
q large portion Of the money lenders, and
Of the community in general. who were con.
slitulionally tinIid. Currency thus lying
inert is No longer answering the purposes
OF circulation. It earns nothing 10 this
condition, prD,luccs nothing. lends M NJ.
sis.aTcr in c'lrcting exchanges between
prodHrcr and consumer, anu therefore pos.
stSsr, ~ commercial value.
Thi, L hrCpnes apparent that what is re-.
quircl In the shape nf legislation Is such
action as will convince the public of the
sqItty and stability and 5unlciency of our
currency. With these convictions public
cOnGdracc will return, the financial blood
will resume circulation. and the CONNER
cial System viii recover from the pamlytic
s,ruac which IL has received Meanwhile,
let courage and prudence hc the wA',awoul,
witt statesmen. capitalists, merchants. ne,
cllanicS, and !da"rv.salii,c, aud let the press
Tc-cChp the cry.
In tha midst Of the general depression aaf
soncthin, NEARLY akin 10 dismal gruo&iua
by many c"rmrUmlics, tho following. .is"n
the LoHirjit rOLmerriIi Is qitlr rrirc,h
ing:
"Bu'.nrss 0, every sort is rcytyir=. our mrr
chants an maiuHt.urors are lu'I ol p"pc Dr the
future. anl 3. Il 'hn neral bg'.gr'Aa' ~,rn ate.
the holidays money VIII he plenty a5In, AMI ~
kinds Of tgaho HnL industries viii hg even more
active than before. Our people viii remember
AMI help the roJr, and, for tho slko Of humanity
wcIl Us for tho good name OF the city. viii not
permit any Of them to suffer. All nbJu, us the
sky I'nks bright and hopeful and ahua 'int Op,
portuu!tlcs Of help will soon be rfurich to ali
who Rrc willing to help themselves. Patience
and brave and hopeful spirit are what ere Just
now needed. It II cowarliy to surrender Mt tho
hrst stroke Of aiversity II Is worse than useless
to be ever cyokns grim spectrcs Of poverty nnd
cold and want, Aad then to sit hopeless and shiv
cring before thcse ghosts of our own creation"