, 1876-01-08

rm,csao' Ian ID 4-A ~ hr;ef ao,c,, y, tbo ,,,,.
,,,l h,.,,rv AZ ,h,a rnrnt-x ,t,,,o t.o .,...s..
century cu'nmencos may DO Interesting and
profitable to Your many readers There Aro but
fov business.n,eu vhose cYpot;ence, or ovcn
+,,mo,y, coyers ,;,ts yo,,. or o,.n 5,,,v vo,,s
nIost of mr. business ssmen - a,o Ann now % ,a.s ", t,an
tSontF years' and nearly oil lesa than thirty
Yoars, old tn busiuoss.
Solomon. tho wise mau. sara; "Tho thing
tbst hath ham ~ Ia t,,nt u,,c;, al. 4, h.
.hasa "Hn 'o sas "pc' ~, n'la
tae!c - no "o" ho'n!'R unue1 'ho sun' stofhaps
] be had no roterenco. to American politics or
| finances; but it ia a coneet principle that tho
ea,ue cause viii produce tho ssmo eiToct nl,aya.
,vbon Mi con,,itIor. 10 tha o,,no "'N'
"nen l,,t.'' ~, eonu1sons sfe 'ho eamo
Aax'lllal easlsator, when ont at eea, md hhv-
Ing no compass to steer hia craft by, nor nb)ect
ahead 10 slesr to, knowing tho point of tho com
nnsH La ia on. will side, hi, c,nft ,cc.asrn,ly h.,
II. ,,.to .ot. haht,n .r,a r i...i,.ssst s,.a ~
i.e "nAo lo't oeA''". Aae 'nle'asont.an pfu-
oens oua'aoSs'n'An VIII scarcely 'aaoro his pass
business expcrinnco. .ttho wake lo left hohind,"
md daB into uutrief nro;ccts. nut will most A..
sured,y avoid tho rorks and ssad.bsnks tint OK
pc1iencn ha4 roveslel To him.
During this, tho piuotGonth ccuturr. ,va invo
Ind four great liuagclal crises, taat nav 10
called national. because ti,ay ,hsyn reaci,cd MI
dnntry, and all par;e Of tho country alike.
TIE cu1s1a or lEl7.
The first great crisis occurred ia 1877. tha war
that tie writor commenced businoss ios himsoif.
1919. James Madaon beng President. Tho
baltic Of plattebure yas fo,,ghe IN Eontemhor
1911, aud peace between tlo two nations VAS
1916 Tho commerce Of tho country ,thcn
was mainly con3nod to TIM san.coant
Our internal commerce ras too i,mit.
cd Ia hnvc nsmo IT,1cs N ''oH
v7r- AF go
moment. Syracuse was t,on a cc,1ar.awn,nn
uuthoual.t Of as 4 town or cty. sHool,estor han
twenty houses in Il, Dnffsio' smsii SilIaus
Ind Ioon burned during tho Was, sud tharc ss %as
mnnv coota .nn1d 10 tro yest ~ Aih.nv 49, nm
aiugto tirm In Chiosro so,ls nav n1ccnt' mr. o
lAno tho American Fnr Co,nonny. WIN lad 1scn.
etratad the Westo11, ond Northwestern wiliorl,e.e
nearly TO tho Rocky Mnuntninn ard had eolsh
jished trotlinR-nosta ahont f1,r Syestnr, .Intna
and riyors. .wbere il errhnnrnd roo1s yor I,rs
with tic Iudnns who thon rns,neG Mt larra ovor
most of the country west OF Quo. ''"N WIN
Tin War rnys = t,7e,t snr;,,r ~ tlo t1,.r ,r,,-
ltcd business of tic country. I'm, indncci .nnrn.
1nfInn' hi1I, nnd cTtrn,s".~. M, MICS. ~ th;us'a
Ind e,ccssi,s iasusa nf 5ansrsemrreer .'nxs, H.
scueon Of 1916 WAS yo,y cold o,e and crnns
ca,lses cnluIuated in IB17. I,nnita snanenllcd
snco,a.nsYnnnfs and unns,.i a;aon",si n-;.;a
followed. reaohibF eyery intornst. ami nrryni:nr
eyor7 section Of tho country Aithnnrn liz
GNit1GAN tho Nnt$fNMhnt ftIa
limited compnrcd viii Tho p.asent tina. vot
TIM ro]atinn NJ nrona,tr tc nrnnc-t,. .nI ~
to monoy. vaa tbe Hsna thrn ftha. ,nw
EXISTS, Tho Issues Of Manor -cnrrrnoy woc
in c,rctiatinn Gv iho anecini n tho oonntry ,nsr.
curronoy and specie lad sos ont n nrnnortinn tn !
each other. ii tbts suspenaion in fs17 tt,a hau1r
lss,ies OF pnpor-a1i tho banks of lin cnuutrv
nrgreuatod-excest]rsl amaji trit}n III in ~ M,
to 81 81 specio il, tIoir Yaults. @Yno frat work
OF the bank wna. mt to hatn ar t.kn rars ~
ttetr customers, but really to opnroea tnom by
calls for payment In order 10 strenothcn fI,en1.
ofrort. Friyato bankers and snuriona
BANKS vert to tho Wall. and y rerr
Large potton Of purchases at reat eststn
HAL mad tranapjrod within fer years. On whirI,
seIjer. and thn nurebaser Io.. hIs aiyanc,I nas'
mapts. In ihfs WV many 4 man. WIN thod1,It
hitapelf we'll 10 90 iu 1916 fouuI bin,sclf bht,k-
rupt In 1920 Tho ahrlnkago il, yaluos OF Ill
thc man M was fortunate ~ rbo i'd d. rnarsn Ea' , sua
30 n 80 100
aljght roytyal. "A3 "'e"''A'
il took i've yenrs Of decline of props,.y to
raa nh thn iowcst MINI Erh,.a, 1n"drnH sr,i
twonty-tvo STRUCK bottom ;: lila brnnrhs thc
county To anundinun. Dnr1np fh.ao ivr rc,rs
was manufacturing sa!t st y iittlo town sailed
tnr Civ of s,rsonae t,,on crdar.swamn ~" ,A IN
snft Ia hear IN NJ il, lin snmmor r. m small a
no.t,on ~ tbs. txa ~ vea.s nn,ov una ~ ~ ~ acarna
thnf' Of TIM I'M MAJ, cnu,nc1 ,nshoiIioc s"s,
.,rv war" crtcd NO, 1,'s sas si ~ unt sa,
nv h;s work Tha ~, s,it.hmf"r @ rrt nnnh'ftf,h ~
ti,n snit fnr tc,a.nD I,is hinnT Farnat. far,6n
ta 2i NILS. ca,nn NTH tnnn,s md fnr,,,.r roi,noo
to trndo for tncr toaJs of snit. Nnt oua IN fIftv
hronut manav - 1ag ft,r 'S' i. @'o' 'A' ~ A''s
t,nde AMI eand pn ,ors s M ; u paqa 1o
ha,l adiusted fna.nsoIyas. sucl, ~ ware sh,c