, 1874-04-06

mi citizen OF INV nation can rcea tho Htory Of
Tic e Years beforo and after reeis bii Of T ls1p
eiromrene forro ttat such risa n,,d oaiomi.ins
~ IL nvoiJnd IN Tia nw,, cnrtrv AZ n,,n aoc'
rInso @ Ti,nro nro poyoral cotntr}oa ,,rIor nix tto
doom of rotrib,,iIon for the licongo Of an incon
Inifc stntos aro nhan5nlv a 'hoae ho rho
afrairs Of tLo Economic world % aro a. truiv mud
cortainly undor tho control Of naturai Isws as
le I;e,'5 To1Ia Of Mastor without md that Of Mind
"'sn'h a. r. thta rno1,o, ,o,,o ~ 1aoK +h,ro ,ro
.oo ms " '4''' '''et's pA'''o VI lezo' snere aio
'0'; ~,o,n ,n,.,nu,n1a .,,,,u.
between il aud tho present situation Of tho
United statos than between the latter aud any
former American panic. It was ton years aftor
tho final victory over Napoleon when speculation
with currency small nosoB. It Ia ton yenra now.
after tho suppression of lilo Rebellion. Tho
outward signs before tho panic wero tho samo
sympathy In largo enterprises, tho imagination
cruasod wealth Of the middle classos, full shops
and triftior farms, banls-banncos awaiting boIl-
eficial Bocuritios, high funas and low interoat:
farners' wives ambitious to live in clttea. said
ant was tho tone Of tho timo. Such was tIo
record, much Of which was to merge into ellont
dsmny, tho gazette, and the obituary." How
this iarther depicts our period o.
bankor who would, at any other time, Lave %
oYy,, .,.v1sl.t 1t ~; S.t.:- sSr Finn Look
u. siae, a.no - .na % saiira"ds that T.; In
naviEation, oaE fda atin sr h;iia
sosstou .ol to19' a5n op9 it nts var" n,e.oi
were en- aso aGts weFc ~,
!aa ~ ~ H. ~ Grce ~ o ~ iha Honso ~ ~
y. ..e ueeep - - w. ~ .r1".o .;onaIo,.e ocioS II
"1I ~ ha too TIL: tc;S - s.eci.;cssresa fn1fch
s,:'ioc;oa em 10 ssnicio,. kat thev ike others,
sc;once n he interests Of themselves
tsytSu4;n y!; gha;., T;a,t;e Tbo tarIT than nro-
vaI vaiIn~ "'' pJrotlnced I "oyo1trading," na tho
| Han Wnuhnptnn TownBetId would call
it., mud tho markets. woro clogeod WITH
goods. Reckoning-day camo IN tho fall
OF tho year, ns with us, juss after THO Alng nag
dsmtsBcd Pariiamont wlth erhtu!at!!on1s. r. -
catne because thero woro no dividends 70 30 PAD
longor on bolstered bonds. "flrss were tno
failures Ct w1h q he 20 20
embarrassment, and that inc nfms poHessou proh-
erty far exceeding In value their entire llabil,
tias. On tho 6th oi noeemoef tne ne"s spIeao
ho.lso of Sir Potter Pole d 20. had stopped,
having accounts with 1orty-four country banka.
Ton days after Polo d 20. stopped, tho Mint
began to coin q little more than Kiohardaon's
banl-notes for country circulation [tho Weat
and the South wanting moro curroncyJ wero is
suod. This show OF confidence, md
tho somewhat increased supply OF
money, raised tho spirits and allaycd the panic
y
year which had opened so brslliantly,-the nation
began to thil1 1t might, ono way or another,
struggle through am quoting nt random Misa
Martinoau's narrative.
debate tho matter ut oncc. cager to bring for
ward their favorito topics. They mado bad
worse. Expansion, In MI tho jeauitry Of this
business was voted; md, in the course Of time,
canue wnnt, riots, vice. emigration, and finally,
after the long lcsgon had boon learned, ecouomy,
pence, FREQ trade, low tnxes, md no moro wars
Tor twonty years."
i, THE PETITION OF SOUTH CAROLINA.
r1,;n' NJ Hnt1or ias n ai1"tt ;ntaroat enJ }ba,
~ nn ,a, ~, sit, ~ "
rcoI nu v ta arsonai annearoncn @ " Ioie"o
;a,. Sa5 satE rorn t. ,,,;ct, nra NJ ~ .sait
ton 1ao.n son.h 915oaI III wSn af9 ane well
araa ma ~,
,oa aun at1tn " +,no IN tI,o sontb hni1y liz so
Eonnrnsa to 1on'1 NJ tba II ia Tcsnn
e;ble t for and M giyo roreas and roiief. put tey
~ ns aw c7";,a ,,i1or Tx rnnI nannn ibot L
T.; r. S;,ty ~ nonarnsa to piSa oyayv Stnte
y monn,,,;nan form oF rovernmont.
IIora "a tt,e a;tnnt;6n. An ari1ent colonv Of
+a1,r;d tynae o ~ 1mnrEacotc1, Ifurucnnt ond
E.r1s,, +,c insf1,t;on ~ Sjovcr, md
,-rass r;c,, n,,3 nro,,d ,,nnn Il nnt thov nn,sh
STstnrcsontntion to mnstorB. and make tho Hcience
op ooVornment ncrfoct toward their own condi-
t; ~ thinoa hit fn7sc toward Mi yhlch ontlioa
thnn,, TjinTr nnbIfo credit Ia nerfoct thefr T,er
;s1u1"ra nnrn Ithar gnnntnra nn3 Ranroao,st61,
lives in Gonrross aggressive and biindly logical.
At lnst ag destiny closes @ around thom
Witb ' nn Anf,- -slSyery voriI. thoy ohallenro K.
nreoinitato revolution and war. md go under IN IN
Tia nnnteat. T,,ah Whit MIR. CaIhonn nrediotcd
cama to mass n neero minority in noliticnlnli-
encn viii vi S tho Norti tho hnmiation Of tho race
Of masters. md 1ho whole control Of tho State
tronsforro9 n I'm inta sinvea,
9r,sa 7,ottsonnra comn a. "toy.navoran II 1,ut
,ba;r rofntion tn t1,o old aoinamt class Il c1eor
Th"1 1Iv, nrcscriho m romcv. is tl,nro nv Thsv
nrnssnt iI,aao o,,raa Tha atato exncnaea iavs
oro"aod oi..fpI md orn now % KIN nm, -" i,
nna %S"r a5s 5ss ncras Of IaaI' wh;ch Ia fai,e
lq nv taxca were forfoitci to TIM stata. tSe
S 1 III Svacad throo- so i, sx Na,ro .Is T.
a al n m ana hea roncc1 @ ~ nu,,is
nvM Vow, @1''''o'o''' "n" 4ao Aoo1'o1 Az pu0tt>
"T;,o.o a,,ros .ro 1oso oo,o;ont In N,~4.a4,,
IguEus ,.1 hiS c5s W t
ahvaraio ~ q mn nn tn vi
ment Of another nv ThoIlv % moor @ and nd ignorant tbs
noras uamnd nhnya nv vail nJ have haar fnrfn,tof ~
art ~ to nomstr W. ~ roa1 aeroa e
iptact T by Tsorfdom. lake the s|ayos Of the stnttt
from underneath. wlore thew were hoidInr 1rr ,,r
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