, 1873-10-01

and general prosperity would naturally follow. Had
months tho West would havo neco,no absolutely rlc
Hl0 ar1n were not urging goods, but were sondlng
sso sGss g. hoe i sys sS xoaS esane s g ia o0
. E,ght along: Thero was worry tlo depreciation III
Of Harrington schniai. another Prominent grocery
house ssld thstr best ctntomers wore buying lightly
banks which Of course Ind 10 60 back. The country
ns S 1nsa u S 9na had rrxscysa
about ono-half chechs md one'nlf currency tho lat
ter BY express. Thoro had been depreciation in
Tredo before tho pano dstrbed 1t aa better than 1t
had been for fyo years, and they Ind done heavy,
mercantile crash. Tiio country was full Of grain,
aud money ~, would come to purchase WHIT th0 world
The opinions Of seTesai lnIge dealera In Iron wero
q oSnnd % ThG rst s ssen vi, VIZ s As
tho panic would affect every kind Of business
less but ho DID not anticipate any commercial dlsas.
would como out, his r dealt nostly in worry heavy
goods and with railroads however, II tle. Ioportc.
Hibbard, 10 could nnd out everything there was
no BETTER Man THAN s1R. H1DnAnn.
took oe ho RI reporer io h L. sad
orders had fallen off more than one-hnlt, md remit
rs cent Amg sg Tue ,S @
which went to protest. 1Io thought tho faiurs Of tug
Union Nat!onal worse than Y Ill tho oher banks bud
atnce, and when Il went down much confidence went
With IT, m'sns ea essn bsfn i, 9a gopaar oan s
examining Lis pockets full Of groenbacks md locking
np The currency TINT wns so badly needed. He aid
ss M ao e s.'t xsnt s'f eas Rfs6
sump-ta timsss ss when f thcy eallea 20 efs do1ar,
out down On lis Investments. and purchases yoa Se
limited like tho currency. Men would not feel uku
sG @S st s had 5 Ss t. IL a, fs Fa g1s
ny on ss:s'"' s IN
sSofh VIZ had to @ reaze might be eompsca to nar NOTCH
loEer bnt there was no depreciation Of yalnea IN THO
woad to
sustain cacl, other. All that wnntcd reaolu
e onse @ore 1 ana sn Maa %
Mr. Hale, who was present, did not agreo With Sfr.
nnaE regrrdng the Oanserasats q
the choeen. 10 thought ar: coobaugh was right and
that hlessrs+ Smith and Blair were m!staken and any
which they lived.
Of tho firm Of Hull Tn Kn5a1 lhs prominent iron
nrm waa found IN his Office az serene as n1itpond
III August. He staed that trade virtually cut Oft,
buy, and merchants woro not disposed to soil. They
| bad bad Light r%em'ttanecs % OF checks and groom
spes, ing sos o ns seet taom ~eas
course some wero not. They found cuasorncra very
eaGs abou III, purchasing Which u .iSa %as g9Sd 9a sgn
through without danlage. The Vest, with its abun-
The action Of the Government In announcing that It
| would stand BY tho people, should hayo the
Mind. rio closing er tic Union Naticnal vas mora
local nfair, and would not have much effect on tho
Of th s",5: re % Wnd S Ss aa s nss
| abort timo would mend matters.
NIr. Lettor, Of the firm Of Field Letter, stated that
there ,,wes : iais business doing. There
Thore wa no depreciation III values IN ther tradao
had not thought II it, The failure % of e Gnion M.
tonal Bank bud eoct things, as 1t was generally
expected before 1t occurred.
Mn mS dS sfsssa I tho uFs 3So Of tho
try. There lad been M eonsderab1o @ iaias Oh 4i IL
thoir renttanccs, but thore Ind been no depreciation
In vaaes. NJ! Merchantse u was firm H. the East Tte
excellent.
hfeearB. John y and Charles d. Farwel Tere found
ing 70 tnterFoaatorIes IT. G D Farwcll .ali
aoaat u erers rs eug dsd Thar I romances
s@oSnt Snoat Dtis tSey isFs1 Ssa received that day.
esl. @ ss ya nse Sssns &aoxne S xs T 5 tnea 1a
National was perfectly good they sent circular otter
or Saturday to tlsir oaatoners stHtng they would re-
to 10 SO. There depreciation In vaucs. They
hnd not discharged any employees. nor did tlley thtn
| Of disthArging Any. Afr. G. B. Farweu being called
| into another Office,
1 Mn. J. =. FAAWELL
continued the conversation saying 1t Waa error In
! tho country lauka not to have follow the
lead Of thosu III Now York md Dos-
ton: It WIS simply ridiculous for smaller
banka out here to set up their waom ngainst tic older
and ADLER fuancicrs in the East. There should Big
concerted action by tho people and tho banks, but II
bank can pay and which can't they will throw the
wheels Of commerce out Of gear in every direction.
Ing the highest standard Of credit su tho country.
Fictitious atoehs bons ETC., would anr!nk and gen.
tho aso improved Chicago, Willie it wiped out indi-
viduA1s Articles required for consumption, things
that eaten and worn. would not deprectato TO m
aprreciable extent. Tho bauks should be sustained.
Ii was hard to mnke people understand that they would
savo themselves by Swing the banks