The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-11-09
ShrinkaQe.

SnTlHhdVo. ar
It's an i'll wind that blows nobody good, ~
and we are inclined to think that the "a
financial storm now sweeping over the q q
country will purify the social atmosphere u
considerably. So-called fortunes had been
growing up with the rapidly, and to the a
fabulous proportions, of those recorded in 8
the Arabian Nights en- entertainment. Tens Of !
milliops were attributed to numbers of
spectators after few years. successful
audacity, and the world was running wild
over the magic that could turn such dreams
into realities. Gambling was rapidly
rising to the highest professional respecta-
bility and even building to itself religions,
with such men as Henry Ward Beecher for
high priests.
If the fever that has been running this
country delirious under the disease called
greenback- currency, could have kept up
for ten years more, the difficulty would
have been to find anybody willing to
work. An epidemic of shoddy-fortune
hunting was rapidly gaining ground and
nothing could kill it off bnt q good freeze.
It ia to be hoped that when this winter of our
discomfort is over, people will have come to
acknowledge that the only fortunes that
: stand are those which grow slowly and
8 naturally. They will perhaps be able to
: see that those grand colossal fabrics which
appear to spring up by enchantment are
9 based on the shifting sands Of chance or
Q deception, and can never been during. The
3. smartest Spectator gets caught at last with
r bis fictitious values on hand, because the
same greed that has always urged him on,
8. still cries for more.
u, When the day of reckoning comes and
le borrowing is no longer in order, the only
thing that can sustain the pressure II
ne actual property. Nominal values, fanc!
SO stock, ETC., wont do. There is the SAM
oy difference between the two that there l
es between present and future. We kno'
" what we have now, but do not know VIVA
ng the future will realize for our expectation
is No matter how confident we are that on
to schemes will turn out lucrative,s there
icy always something of prophecy about sue
t it calculations, and prophecy is not markets
tly BILE. Thus Mr.. Vanderbilt and Mr.. GouI
ere can at favorable moments make the gam
ge. lers of Wall street believe that railroad
are around the North Pole will be immense
profitable-not that they are 30, but 10
of be-and on the strength of this expectati'
an a great demand is created for the stock, al
ICES it ia quoted on the market as SO much pro
las erty. This is all very we'll go long as
ne I inflated paper currency is floating arou'
rity seeking investment, but let the people W
no hold that money once get frightened a
the tighten their grip and then down goes all ii
hey imaginary value. Nobody wants to b
VS. it for what it may be worth one OF the
hese days. ,o:..o,,
we'll All this comes from there oelng TOO "u
Used money at times, and there would never
too much if there were not any but 60
feet and no constraint were imposed. G'
q by can't be manufactured, but paper NOR
ects, has no such limits.
ably The benefits we may nope 1or' then'
pose a salutary dread OF gamollne III 'u'
deal values or any other chances, ana corr
ia bonding willingness to make money by
N of Ultimate business and actual work. L
Ca will be followed by many secondary con
self uuences of great Importance. People
,lves ing fortunes farther of will not run
.aons wild in the chase of them. In proportion
, for the difficulty of success, the eagerness
il to pursuit subsidies, as a general thing. A
mass rice will be checked on the one hand
f ,be extravaganza on the other. Economy
THAR have far more chance Of being fashions
their than has oeen Ino caSe % 1910 'o"'o'
and, marriage Will Do renuere" u''o r
avan for honorable men who see no prospec
union keeping up the present extravagant styI
State strictly business principies'
es do Let us nope, AZ ieas', tna' eo".Snn
before good Will result 70 uS III '"'' ""' :,
3 and bitter experience Vi tno P'T
enjoy money Is no' o@u Ling, 80
If the money Is Tue ro0' VI N'l
tirely down TO goIu currency oa" .
virtuous, but it may deprive them OF s
.nou opportunities for vice, and even will
that, the lesson of the present may no
without it's fruit of wisdom.
~, as
ystem ACCIDENT TO BISHOP Qu1NLAN-We r'
L.. n----- c-a.., Now York. Cat