Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1873-10-31
LETTER FROM WASHINGTON.
the financial Crisss-sFasy We
SuspeEsd-FEac NartheEss Pacific
Prospects OF the Hoad-CoE. T..
M. Black.
MAsH1saroS. Oet. 70. ls-a.


Editor Coarier.
You ask me TO write you ooce = week
something for publication; this is ny be-
| ginning, ard for 81 weeks. unless you sooner
cry '.hold enough | shall inaict upon your
readers column, mere or less, az the etfer-
yesaenCes OF TIE Capitol.
We are just beginning 20 staggcr to our
/ feet after the geat financial crash and panic
/ of 1s73-ihe most disastrous in its effects
! ever known IN The annals Of the cotlntfy-a
better feeling prevails in all circles 81 b,isi-
ness, and il is believed the storm has spent
Its fury. Already the skies hcgia t, BRIGHTEN
the stock anaaa ia Ma
New York that were obliged to susnerd dur
| ing The pane have resumed business, and
business Is resuming its old channels aud
ihings are things are going on much as
II nothing had happened" The season of
ii''ailciai excitement is succeeded by a well
developed energy in the discussion of ca,Ises
and various il fallibe modes of relief Il "a
curious TO see how suddenly the national
topic has yeered from CBssrlsm and new no
llticai departures to monetary atf.irs. When
the pockets are stfccted the public have little
room to entertain the spangled guests of no.
verify no political revolution so imminent
our can be overshadowed by a sudden change
OF vain $. In their extremity it is pitis lie to
witness bow helplessly the people turn To-
wares washington. All remedies and All
schemes center IN the Treasury. Well. we
want to assure them that we have no money
! MAJ Win lar credit We went through the T
treasury and couldn't raise five dollars. mi
consequence we have been compelled 10 .sus-
pend Not because We were overloaded
as Shaw would ssy--with Pacific binds or
Dther tallroad ilisecurilips. Peruaps il is
needless TO say that we never were oserloaded +
WIN ANYTHING or an kind OF bonds. III TACT
We never invested IN any kind of bonds but
vice: once, when Fremont had us tied IN
~ the thumbs for eating sweet potato raw
-Fren ont had conscientious scruple. abo,,t &,
Weet potatees-and the second time when
We got married. However, on either invest
nent we never declared. a dividend. Now
here is great deal Of talk about weakness !
nj want OF confidence. Well. we want to /
ay that we have just confidence enough to :
arry--Well, let's see--we would like 10 know y
y practical test just how many bonds we /
ould carry. II
Asfor stocks we know something aboul i
lem too. We were persuaded 10 invest e
s.ie surplus IN stocks once, on the assn -ance \
lat we could double our money In year.- 5
tell. we bought into Petroleum; the Conn y
any proved sell-no land. no OIL. no pet | t.
Lg your money back-brt We ..doubled,, 2
ars. How? We had nothing to bur with.
I'd had just twice as much LETT, and we have :
lis further consolation that two Of tn. arch
aitors who swindled me are doing tho Sfata
me service at Sing Sing.
Now, we have been ueying tie financial til
lsiness over and think we understand IT v W
have read the Herald's Quotations-cight ca
iumns solid nonpariel--eyery evening just vi
fore going to bed, and ii we wasn't s.dead ~
oke,' we'd be broker. Our half that gel
Ears redingote woke up the other night at
being little restless because We had no ~ ~
nds with Jay Cooke Il Co.. sske,l what
aY meant by saying that colo was weaker lni
ire was our opportunity to slow that the II.
.ht-collmn articles Of The Herald had ~
'rked Turning over and Planting our feet
snst The foot board, we commenced. at the
ginning. and reviewing the spirit ct the y
les. explained how money was required 10 q
We grain, rc1narkipg at 50 10 length on the hi
peflency OF an early reslmpfion Of 4 more 50.
psfantiai circulating medium. winding IN X
Ellthe present stringeney. when everything A.
led up III worthless and Aei,rasSe,l ctaoIc II u
'pehs. da,
'WiuR nov, WHHe pttIhieuiH Was easy and to
iHkv steafIy and vnId varv ,,,,,.,.. ), -. CHI;
- essss 49, ' = 'sSu uoW = ~ upt
mouth, all thai was necessary Vas plenty hsI
curro,,.., - .,.,~a 80. $500. 1at
-HseS - ssAos - e at'ss 9ON AHoW, anu IN.
Fas all right again. But women meyer can !. 4
ierstsnd tnaro-, tttotch ny wiz knors .