, 1874-11-10

itsotf. ''0' "a" laaae 'nSsoso OF capita
BOO how It oonos hmm
THE uANxIxo won1n1
capital, as have exp,ulnod H. .u va you Hsep .ns
havo t1'ado tho goods. tbey ~. JUI i, Ares HE s1u
gonorates somothlpg for III Ia Aoh h.,Iaa Lno sag
bale Of cotton, after # h,s 'A1HSs, 3nps, . q
year to mako II. is so,1 na7 r,sa .aken
mxking tic ha IN aT nt", usnee 1ninga consumed ~
tho operation and It psssan us rnG oale ~ soa
s9 3.aS tue bankosa books md hat aas Of cotton
bale Of cotton malo by tlle dostruotion tnat ,s,s
made fn making H. but If vou maEs sInt va
railYa,B If yon nplfo t,ing. t,,nt 40 ann!aaeo
ducod to the full oxtont Of Ist thny NV cost H.
/ passed. thronpl, thn s,artor,s sno upesason'-au
bankor fluids, all Of a Bl,ldnn-. Jnss' mn ri" wiz
my deposits nre ali fi,nnab,nr, i -, IL a mny,
asss h,maolf how ia tl,st ~" ~ no'os
Ae haa only got to do
! They arc dn1injai,;n1 VII,
wheat, tho potatoes. Or thc a,,a"m a- -. ~ & Tug
looks hayo boon eaton and cona,med Whr
ths noeanse have n!ado nothing that viii sel In
snd have maao those holoa ia tic rround I'd uv Sna
tnofe III nothing to aelt, And Mr. In,,Iar an,. .,
hls deposits gotting vary slack. and tho nnor
merchant, WHO waH not dreaming Of this nncx.
| 1lon OF capital, thinks the baukor IN uoiny ~
give Linn 6omo accommodations fsnt oths
nahacr puts on long fnce, nnd says: Afonas
IL yory very dcar aud nv douoaite nrc vo,,da:!
iiqlly falling on, and / cannot accounk for it,
Lhanghter] And tho merchant, WHO has boep
opening MI operation with Calcutta nr win WITH
;1Gpan, aud who relied upon his ban5or to aud
uEn Aeane. says: Why relied unou ynu.
! lou have ALWAYS discounted my bills beforo why
uon ~ you discount thom llow?" Aud l,o comes
banker thiuka boyond that. fLaughtcr snd an
p41inse ~ .!
~, ~ ~, sass My fluids arc short" and that la
a.i,rstio M ~ Knowa epoit # But there il this great
thoto "&s nothing lett If It to seli. '' N'''''''"
n,, ,, THAT IL CRISIS.
LUG eflsls con'ok nusllsnIy, because uobodv
usoamea uc;,' o. u !; nohody thought Of what vas
so'ng go % On j. nonoy thought of :hc loss tnat must
tt.o -. snom put there MAS that nonBeueo whether
es s,oss n gold, aud other uncertainties ot that sSss
'ng1n. ma lLeughtor.]
Then, whom tho crisis occurs, tloss Ia aBton,
tshment and surprise, and HI In all casos where
snere fan Is % knoTledge everybody gets to he in
to to who ~ wrong and who Is right, aud eyea tho
banker himself gets to be very suspicious
lla''ghtor! and tho more lo thinks about it. tha
nofe mo- he a9n,t Ike it; and tliere III nuthlng 10
THE ARBITRARY ELEMENT or MERE ~ FRIGHT.
haye never mentioned It in a1ry Of nv hnnka
~ ~ certainty very eullouB thing, md it Ii
.;nn.@au y ~ perfectly trte: Tint the destruc-
for ea r;v. "nca .tpasa en,s 10 auoh disasser may
=. 1a'u 81, .At you la prosperous times IN tho War
,,ea., you!ec!y posano tint yon should hayo
lila - ~ @ H. ~ ~ 80 nlonlus tlaugAterl II you
,,n for t@oIrp W Ill sas s'a mouths what IL atofod
!. MG 40 not tuli!k in :lanuasy, or in February,
fniu n a,aie, nnI wnas IL gong TO happon in June.
"u.5 a! aua Aaeass' we may indeed linvo III exucl
md Sopo,'v ~. ~ o,,s inangt.1ef We nay risnsy
~ tains @ aon's Weli. and think everybody is gong
iIov viii wort ~ ,, 10 ~ nafn III lnae II eyorY-
10y W.. MorA ~ much aa oyer, mud people do
thv ius "Snoy pIo tna thoy dld before. But II
v;dsd ~ s,s,.i,, ,a OF tho stores pro-
thcn ~ ,1n,s I"ns"i inpot up thohe storea-
~ ua.. mnon laooE mas TO 80 to work
.no.. oopsI"net 'sI aso OCTOBER, It Id
Wnat ~ xna ,.o,, io"er thlnga arc made, and
aics siacks "" h,ui6s 6u1as 10 dof Low wares, poor
yqm 90 nos !; soe1n to know What Inns happened
~ ~ mo "l1custy aDoas IT, They nra out on
"n.a vo thoS "onS away last year; they ars
,o'1r.r AGa ooona suA Hoa are ~ feh as ever, but
prarie WHIT ia ~ tlo 'hrae ra tn,ss T nro on tue
oo,,a .'an nue-no other than building up
fs ,,.aI,s esaa,-Ao other tha'1 by lucrcasng
,ro,s;os ,i,o a1 pians tno people 10 "ork,-in-
u M the nelis Of labor; and in proportion
W wealsh. ~ '"A'' s'u ~ o'' Soao1ly advancing Ia
md -. ,z,,, u LIMIT ;sa YOUR CONSUMPTION,
,,"tan nuvn ~ snfeu. 10 not forget that for an
n..s ~ yuu 10 LINN you WILL nnt lare criaB.
nns IL yoa asstroy wealth you will suffer uutil
s~s ~ ~ reasoEcq NOT III tue shape OF luxu-
'eh w. enoy' no. III lie shape Of p!oasant things
- naYe aooot you you must restore It by menus
~ ~ euo.a"H oo,M uas.ryrcbtore 1t as wa.en to
's' 'ne cop'u.-not III inonoy,-for wages arc nos
,no NJ ato Ply !sto bits OF card but lie
- % a,u emrts .nas ne orings home to his wife
~ ~ !, Sus duo inoey ~ nothing clio but that.
= you 'hcsesso h tllo iunds Ut labor you will get
.'uuS, araa W. ,,a you go on consuming just 90
eu.y Wv ui'ay pIoong TIC crlslH indefinitely.
has.I uS'e Ht;alns ~ more 70 say. thnk | haYo
'auanstau ~ the subject 1t does not occur to mo
,n;ttoa a,u .,'s ts n"}1nlhG aao1pln'tca II have
~ snall DO must happy to havo
THE rASlo or 1867.
ho nan,r on tho M.,, ~ ~ .1', sa.So u
Al nr;coNiF ~ 1"nm .an,,. ~ i.nS'aa ~ l'3t
inns M lint t-,o ~ se,;snt"n h.s'ea num Iueb-