, 1873-09-30
PANICS.

tlnanctal panic witlout all altno6t appalling
conseious,.ess that a now aud terrible form of
danger and dstress Inns been added III compara-
lively recent times to tile list of those by which
human lifc ia mouaeotl n! or rorrloxcd. Any one
who stood oil Wall streot,, or in tue gallory Of
tho Stock Exchange 1ast: Thursday, and F1idny,
a,ld Saturday, and saw tho mnd terror, VIC might
almost Say tito bruto terror Ctkq that by which
u horse il deyourcd ,wlo Inns pair. OF broken
shaftH hanging to his he9s Or d9E ynng 1rG
great crowds Of mon rushed to md fro trying to
Bat rid of their property, almost begging people
TO- tako 1t from them at any price, could
hardy avoid foolin8 TINT nov plague had
impalpahle. Invisible force In tho air, rohhing
them Of their Wits, Of which philosophy had not
aa got troamt. No dog was ovor 90 much
alarmed by tho clattor Of the saucepan as hun
valuable aud tllvlond-paytng securities; md
no horse WIS evor more reckless IN oxtricating
himself from tho debris OF brokcn carriago
than those Bwar1nH Of acute and alrewd traders
n diyesting thcnlso1yos Of their possessions.
duct. havo been 40 confused by terror and anx-
ioty as to be unable to docdo whothor thoy do.
sired to havo or not havo, to be poor or rich: II
Roman Or man Of tho Middle Agos had boon
would havo concluded without hesitation TINT
ruthless invader was coming down the
islnndi TINT hia advanced guard Was
WoBtorn ITninp nv 11nr7o.n ~ To,,c
so,G or any other paying stock bond would
death. For neither tic Roman nor thu Siedio-
wi could understand a rich mans bein1 terri-
nod by anything but armed violence. So,1oca
onumeratos, as tho throe great aonrccs Of nnxi-
oppression bv tho noworful. md la nronouncea
the last tho greatest. II he had Been Will
! Htroet brokers and bankers Inst week trying to
got rid Of stocks and bonds, he could not, Of
feared poverty; ho would hayo Judged from
tLoir physical actiyity That thoy woro in uorfeot
health, so that he would have 6oon driven to tho
conclusion tLat some barbarian host COM
was entering the CITY. and vaa broothlur
ont throataninpa and a1n,,rhter aon,nst tia
owners OF personal property. II YOU had
tried to cxpleiu to him that there was no con-
Way almost un;tnown iu our lives. That each mar
In that atrnpr|inr crnwt1 cninvod m amount oP
security agajf1st force in ali its forms wlic no
Roman Scnntor could eyor count uro1l. and that
The terror he, Witnessed was aa,,sei by nreo;ueIy
jjo pa,ue areney M Tho flirht Of m army bnforo
il Inv 1,een Teatn,,. nrE in other wnr,ls hv
{. panic. ho yonld huyo eazcd At YOU IN in
creduio,is amazomont. He would Lnyo said TINT
Solution Of tho hnnfla Of linciniIne. Lv each
soiiier'a loa,nn lie confidonco that his cnmredes
and lis Officers would stand their ground; but
| these traders, lo would have added, aro
io,, ~ o,' W uaue s,iS{ ~ oan
n calls ~ ,a51f ~ Sas - a aJ Jnrnnartv tnarn Z;
tat s;,1 H. hn ~ 's nH sa1 H., -
.r,at .ri. ' ~ n9s a ~ sgi ~ eIo % nm
,ro,i, @ WY ; 20 ~ ~ 1'n'9t ".o anI an1
won,' a ~, no,s I'VE ,t;,', % "' t,;tIa o,iv
n Sar sam a ~ g,So .nn % iat @ ~ o
r vo wcra a ~ tHan ~ act oout crnn;nc To-
so,osa tnt to m ,ra 'o nn1 D., pnSLaas ,on.
fa;on ~ M snu a Z t snr% waa
bv natra, e a,o;, ,,o1' .sa,,iJ ,1 rnrrsnP
hyonat fnco y taco Viii % nnn ~ tha
moat inrncov ~ atwoo "'. a,,cot md
moIrn e or orc,, ~ we lava ' said maeral
.no;n,, H. t,'oat " 1'r w"
n eda f nrnort rn T.; ts am
cont NO, IA wna ~ nossessnn Wnnt W maj, owne1i
ho hoia 1I;a %A1 uont,, rf' ,vaa j., la forn Nv n
ousa or liz liz raspr mnrn "' W liz IL n a.pa IN cond
hnrdly scparato m tho IDEA Of ''lo property from from
fna r.. H. na
hoarJed and when llo wns torrtt,ai ho buriod Ills
mnnev n nractino ~ trl,;ci, ,vn nwn tLo nrenarvn
tion II Tia rrcntor nortion AZ tho oIi eoina now
in our collections. Tho iptluonco Of Fl ills sonso,
Of insecurity. Of the constant foor Of invasion or
vioInnco' 1asf1cd lone nno,,nl In Mi cont;nental
countries. Mr. i,aunGot has peoontly nointeIl ont.