The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1875-02-24

trials which trey are now oblgec
to undergo will teach the working
men of the country lesson OF some
value. There was succession O.
good years. in which wages were
higher and work plentiful, ano
when it was possible in many in
dustries to make savings which
would have tiled over the bad timt
that was certain to come. Many o.
them took thought for this, ano
have now resources, but many more
Gid not. They are not to blame
for not being wiser than the enter
prising business men who were
caught by the panic; and it was
natural to fall in with the habit OF
spending freely and increasing
outlay in proportion to income
which generally prevailed. 1t is a
hard experience for the man who
has earned sixty dollars a month by
his labor, to drop to thirty, and it
involves privations which are keenly
felt by himself and family; but he
is obliged to live upon it, and he
how or other; and he must think
regretfully of the money which he
might have saved if he had been SO
minded.
It is significant that in manufac-
turing districts where saving
banks were established before the
panic, there has been little dispo>
sition to Withdraw deposits, not
withstanding the repeated reduc
tions of wages. The man who has
a few hundred dollars in bank
drawing interest, will struggle
long and hard before he will trench
upon it. He has subjected himself
to sort of discipline in saving it,
which is of use in times of trial,
and his treasure will be kept sacred
as long as possible. It represents
to him not only a possible resource
in case of sickness or accident, but
also the correction of some bad
habit, or a victory over little and
expensive vices which impair health
and deplete the pocket
It is q good custom on the part
of some employers of labor to en-
courage and aid their workmen in
obtaining home. Real estate is
good saving bank, and rarely proves
a bad investment in manufacturing
communities. A home is the one
thing which man may safely go
IN debt for, and many man dates
his first step toward independence
from the day when he made his first
payment upon little property,
trusting to Providence and his own
industry for what was to follow.
In this enterprise he found the
wife helpmeet indeed; her good
management has probably been
half the battle, and there may have
been further wholesome effect in
teaching habits of industry and
economy to the children.
It is only in this country that
lavish expense is considered as an
evidence of good fellowship or
standing in society. Abroad, in
England, France, and Germany,
the best people, and those who are
well off in worldly goods, are care
full Of their money, and the amuse
ments of the masses are much
cheaper and quite as good as ours.
Men do not ape style which they
are not capable of sustaining, and
there is therefore better taste and |
more contentment. Individual
becomes a source of ma
tional strength; country has just |
what it's people save, and the econo-
my which is a source of private
happiness deserves to be ranked as
a public virtue. industrial Bulletin. |
The Presidents duty in the alb
sence of legislation seems plain.
He has told Congress, as he told it
in the case of Louisiana, what he
thinks should be done. If no ac>
ton shall be taken, he should not
thereby be forced 10 recognize
which even the most
blatant Democrat on the.committee
refuses to sanction as legal. If
Congress desires to establish
precedent for such revolutions, let
it do so; but the President should
not permit himself to be used for
such purpose. If an adjournment
shall take place, thereafter, without
action, let him boldly recognize
and stand by the State
government lawfully created! In
this way popular sovereignty in
the State of Arkansas may yet be
and attempted revolu-
ION in four other States crushed
,ut of sight Inter Ocean. |