, 1873-12-07
THE RICH MANS PANIC.

4 few days since. butiuceB called mo into tho
Offices of two wealthy met, in this city; mud AZ
Aad ],st1o curiosity to know how lhay viewed the
panic, managed to draw them out upon the
tfShtncss Of the monoy-1nurkct, tho cause Of tho
stringeuoy, and tile rcsulth likely to grow cut OF
it.
Tho nrat gentleman with whom entered into
conyorsation wns wcll-educatcd man, who Ind
passed through college, who Ind always boon
blessed with tho comforts of lie. aud had no3cr
experienced the bitterness OF poverty. Dostltu-
tion waBa sealod book to him 1t was something
OF which Lo llal hoard-a somewhat unpleasant
flcIion,-but after all, only fiction. uo had
mover been brought faco to faco with 1t; had
mover folt ita elTecls.
"1his panic" said ho, s'iB tho rich mans
panic. The Itch only will suffer from tic ntrin-
gency Ct the money-markot It will not affect
tho poor a particle; they have nothing to loso,-
consequently tloy will lose nothing. DutI could
tell you Of cnaes among tho Wealthy that aro
perfectly heartrondisg, One man With whom
I aul acquainted. worth million OF dollars,
has Liz money locked up whore LIE cannot get 1t.
His baker, his butcher anl Ills grocer aro dunning
Inn tor their pay ; aud tho poor, bowildorod
man, unablo to draw bis money, positively CALL
not comply with their demands. 1Io cannot pay
his hired girls he cannot pay his coachmGn
duus are coming in from cvory quarter, aud ho
is almost crazy because ho cannot.n,eot thom."
"Do you think that other he or his family
will suffer this wintor for the comforts Of life y
inquired
"No," ho replied. IT do not suppoeo they
will hut what of that7 SEQ tho trouble OF
mind tho man has to bear What arc tho littlo
troubles Of tue poor compared With such men Az
thoso They are nothing at all. I tell YOU this
ia rich mnn's panic, aud tho wealthy will bo tho
greatest sufferers.
'Dut wages will bo very low," yontured to
asaolt.
"What II thoy arc? Tho poor man must loarn
to live wishin Ills income. II he can got tell
can got only half that, le must 1.-Two OH five.
ue'll get along il lc only manages right. Mau-
agemont is tho principal thing"
left this Office fully imp tossed with tho fact
that the panic was only rich MAl's panic, aud
that tho poor men had not tllo loast occaEiou to
DO looking to the coillng winter with such feol-
inss ol horror aud dload us they had been cher
ishing. They were entirely mistaken In their
tho poor,-no harder than winters usually
aro,-for it WAS a. rich mans panic, and
would not affect the lowor clasaos at ALL It
really mado me- happy TO hear such clearly-c1-
pwos ~ don hed an e pa fw e
poor tlsis winter flom hunger and coli III tl1oit
ditost forms and now, to bo assiirod tliRt had
been narrowing up my fco1ngs Tor nothing Ut
M tilas no haGh misery would exist tAat sllero
would 10 no rcni suiIetng for Tue aborins clasaos
to bear that then little troubios were poor aud
Insignificant compared to thoso OF the rich mau,
-Was ,!!s, yery pleasant Wow Of tue case:
With such feelings eutcred another office,
Which was presided over by . gantienan who
lad once been poor, nut who, BY hlb energy And
industry. had accumulated considerable weaIth
am very glad," said. "tllat this Is rich
man's panic. and TINT 1t will not Affect the poor
at all .....-.,,
:. He looked At mo = Tith a. note OF Interrogation
i'll us % ewes which @ hna hsala' Mhat WI 90 YOU msanf ~
this ia rich mans panic"
''What nonseiiHol" lo exclaimed. "Who ever
heard Of such thing AZ a rich mans panic A
burden will fall upon tho poor. ITO majority Of
our rich mon .ili .a grow richer stl through tho
why's tho rich man's harvest.. Tho man with
money WI take advantage o, tho poor mans
poor man with small homo partly raid for will
l 1889 it this ;sinsor. rich maa'H panic. indeed!
What az aosurdity! toll you saas 1Ean who
ever no ia, mover Knew %AaE II "aH to wait bod
clothch, With naonels, oyerGoat, aud f1rs, to
kaop hlm colnlor1aole. II ho g diu. no would know
somethiug ABOUT trouble. Talk OF the troubles
Of rich Man!"
"Just 70, aald !; and would llko 70 SEQ
every eve wsa,ty man nan to support him
self, And VIE. and iour onllul Oh, on Sl0 weeA,
through tho SUMMER, without any, prospect Of
"otK IT,, tos Tue WINTER, 1ust ono year.
!hat ls esie! wlsh. sa'a Alr; -.
suo nc Would Them battor
oago o. nIe a; anu !nl1Bs n geaelal tilAn dozen
years spont ~ co'ieRo' what are lilo poor going