The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1873-11-15
TzIOl'GEsTS.

The money panic abroad in the land,
however great may he its temporary
calnntes, will, in the end, in impor-
tant aspects, prove blessing to our
country. From the beginning ofthe late
war the most INSCRIPTIONS men in the
land-cowards and knaves who follow
4 cd but never entered the armies on
either side, as buZzards follow camps
/ for the oilal, have been rcaping for
! tunes and becoming millionaircs on
fictitious capital and the misiortuncs
of the people. Reprobates who We're
mendicants when the war began, have
been driving about in splendor with
llveried servants, rldely initiating the
nobility of the old world. Ears polite
and natures refined have been for
eight years dlsgusted, naUseated and
insultcd by the scarlet faced display OF
those mushroom vampires, reveing
in imitation Of disolutc princes on ilir
gotten gains, Had thQ honest, plain,
frugal Thomas Jefferson, the sponsor
of liberty in America, been living IN
any Of the great cities during the last
eight and half years, these upstart,
vulgar shoddyites would have driven
by him in Wall street with that scOrn
and disdain which upstarts always AZ
sumo towards virtue, The tremen-
dpug issue Of government promises to
pay, coupled with the flood of (so-call-
ed National Bank notes, has SO inha-
ted all nominal values rs to render
day of reckoning certain. The favor
ed comrorants of governmentcOntrac-
tors, purchasers, agents, mtadlemen,
quartermasters, indian agents, COM
m:ssiOners, the intermediate leeohes
between honest production and hon
eat consumption, this army of rotten
Intermediates has for the last twelve
years been laying tho foundation of
the present financial crisis. Little or
nothing has been done through thom
on sound financial principles of hon
est and fplc exchange,
Such an abnormal system of inha-
ton and hollow pretension cannot last
long In any age or country. The eX-
perience of mankind, in Europe and
America, demonstrates that there Il
happy mien between q scarcity and
q surplus of money as mere medium
of exchange. Printed paper promises
to pay, beyond the resources of the
party issuing them, are of no more i'll
trinsic value than blank paper. The
party issu ng them is worth 50 much
and no more. Beyond that, when the
auy Gi trlai comes, or run is made ON
his counter or bank, he is as worthless
rs the mcrest loafer on the street.
All these unfailing laws have been
violated. So-called millionaircs have
been floating OH thin air filled with
malaria. The sun of Justification ari-
ses, tho malaria Is dispelled and the re-
maindcr of pure, healthy air is not sulii
cient to sustain these cXotics. The sun
of puriication has burst through the
accumulated fogs mist and poisoAQNg
malaria oftweiNe years, His rays are
penetrating all the avocations of life,
and those who have inhaled the long
aecruing poison must go by the board
into their original obscurity, whilethose
who have traded rs honest, prudent
men, will come out purer and stronger
than ever.
In short, The !inal effect of this panic
will be relief and security to the great
body of honest and industrious men,
whether mechanics, farmers or traders.
Rotten eXcresccnces will he Topped of
or cauterized, so rs to he hemeIess. a
purer, more common sense and eqlita-
bic system of trade and business will !.
he the grand and, we trust, blessed re-
sult. So mote it be.