Northern Ohio journal. [volume] (Painesville, Ohio) 1872-1896, 1873-12-06

ytEfOhiS OtSA H~SSAOAA ~
of the country indicate not only that
the financial and business panic Is prac-
tIcally at an end but that there was no
good reason for its existence in the first
place. Unfortunately, however, al
though present investigation shows the
gigantic scare to have been only gi-
gantic scare, yet its results have proven,
In many instances, quite as disastrous as
they would have done had the collapse
been as general and as complete as was
at hrst supposed. A stampede is fully as
bad when caused by a futtering leaf as
when brought about by the actual pres
ence of real foe. And so 1t comes
that with returning reason, there
Ii brought to us all duty to perform
that of assisting to restore confidence,
of aiding the weaker ones who were
crushed in the struggle and Of bringing
back az soon as possible the business of
the country to Its legitimate aud normal
condition.
And this Is worl, in which each and
all can assist and which indeed cannot
be wrought to successful issue without
the cooperation of every one who Is
brought Into contact with his neighbors
In any sort of commercial relation.-
The farmer, the artizan, the merchant
and the professional man are all only
parts of a whole-but such essential
parts that all alike are called upon to
90 that which comes TO their hand or
cripple and hampor all the rest.
Financially and commercially the
country was never ON sls firmer ba-
sis than now, and never was there a
time when less actual cause for a panic
existed than the present. Nor does the
this assertion to be untrue, for already
its causes are admitted 10 have been ex-
ceptional aud its spread due to fear rath-
er than to actual necessity. AS proof,
we hear from the great East that manu-
factories are resuming, operatives are
being reemployed and general activity
being again manifested. Borne OH the
same breeze, there comes the re-awak-
ened hum of the cotton mills, the re-
sumed clangor of the anvil the sharp call
of the erstwhiie silent engine and the
cheerful sound of renewed industries
all Of these the sweeter to hear by reason
of hecoutrast with the immediate past
Arecent issue of the journal of Com
nserce, in speaking of the suspen'
sion of the mills ell over the
country, says: 1.-THE great mistake wa
in ever stopping at all, and manufactur
ers are now perceiving their mistak
and are endeavoring to repair it. Th
prospect for the winter brightens ever.
day and all that is needed to Danish th
last remnants Of the panic is ii littl
courage and little common sense"
TO certain extent the general com
plants, as to hard times, have been just
fable by reason of the existence of tn
condition complained of. But in q larg
measure they have been unreasoni
bie, because OF the fact that this yer
financial embarrassment is aggravated
not produced by the acts of the grumblel
themselves. There is too much hoart
ang, too little confidence aud cOnst
QBent too general withdrawal of cul
rency from circulation. Que of the be
remedies for bard times, so far as it go'
and that Is farther than most peopl
believes suggested by an exchange,
follows: .Pay-. your small debts an
keep the money moving. Money locke
upis tn very poor place. If 1t be d.
TO anyene--yonr merchant, clothie
grocer, or to your newspaper-pay
for these useful members of the comm
nifty, without whose work, pnivers
stagnation would ensue, and society 1
sumo its prehistoric characteristic
must be sustained, and nothing sustai
them so well as the Dimble sixpence.
The slow shilling is a nuisance"