The morning star and Catholic messenger., 1876-06-04
: farmlak Star sad Catholic aaesssngers
sKW oRL1AHa. SUNDAY. JUNE 4. ls's.
BE1xER rIMES.
IN. =. Sun, May as.3

n
In. 7. Sen. Nay 80
The stsanation in every branch OF In
Esstry and in every departments Of trade trade
sesseuitsd in o gradual and general declin
sDf values, and the consequent bankruPtc.
ssaf three quarters Of those who were dofnl
M5ueinese on borrowed capital, and carry I'M
Ssr2e lines Of goods only partially paiS
4Dr.
II unust not be thought, as has sometimes
Eseen assumed, that during this period tn,
Esasiness Of the country really stood still
A8hlie system OF rigid AND enforced
sssou0my has prevailed IN aimost every
Ao1eenoid ehrougnodC the lana, tne neces
2ary Wants OF iSrsy snve millions Q, peop,e PIE
Sseen feds clothed housed and warmed,
exnaRs not 30 iavisniy as IN IoImeF uays
nat etil sumciently 90 70 Keep the wneeis
- uaaes 10 movement doring all this perioo
- xSopsessaou;s ssas;,, 49,. .h. ;. .-.a. oaua
1M,me9iate,y ai1er tno Panic, tIaus caLie
g neaa NAT. rsesensly IL pegan 70 To- re-
zrvo, altnougn VIE ia,hng values: Inose
. IS nau ssocss ol gooos ON nano sransacs' ss
4 ~ ~ DnsInoss ~ constnn.'y ,ncreaHng ,oee'
nSs9 ~ Wss e0nSts, u,ssIuss oa .ne Iu.uLe,
- slS eR.tas M n. speOuiAeioI ~as en'i,eIy
g - asnea oSs. tnsre was NO nxeo ssanaala M
PssSes ~ Whcu tno meESnsns, tue Ea
&sel sne msnuIaetufers or the real estate
eswnsr conio Iorm correct essima.e Oh ms
s..s, ~. neanssM y s Uoaaaon. Caplsai'ses M.se
Mlsnsy 20 inyest nesitated aooue maGIng
z1ay PuEcnase, however low the price. Ex
ZsLae caution haS oeeh the ofoer Oh Tue
,.,
oansmes VIII aecnning vaioes, the
- Sn,,u 2, Dusiness s nas Sctes.y lncreaseo'
S.srds ~ H. ,raUsnorts,;o Sne Yne as no
.<ss..s,. - ss;s zig M ..a.ion ines Sna
ss, r. ,,sa. sn,s - .ha SIa..;a Seem paIaaoa
ssssn sssw Z, WIG S'eaI1s aoase Fesafns'
rs.aI.i,;sstl ossaus s. euoM oopa
.st y 's.o Hs Saanss ht slncS tne panic, IL must
- aa,a t,;shas s..aS S; sn1 iass seree yeaLe
-. $.,tr -. -. o0ne VI MoM tnlsy
-. - ~. oOus' An gSneral VsiIes, sno
sIso9ucnssy one milIlon OF dollars OF
ssS4s.scs sg<s.ss. - noM IepIesen: an lncreaee OF
s-SasggS ;sg - soasy per cont In quantities ex-
{ =. 3 -..a a.. ,,.,.
- wSIus SnG conoltion or the conntry
~ -Sasny we nave most indubitably
y-.scs.is SoIsoM prices, ana recent events
IssA Sss.s seSm - lnuicete returning comb
-. Sau stIA9y IN progrees toward general
,.cs,,,s.., - III SeparSments OF trade. The
Driny i siofsS reg. rom aa Maine to Florida have
- sn..;np "n sis pel.oH OF depression been
~ sS,,,ps., sIu AZ emaII 9uantities.
= 's.srcsi.s su0 ls oaLe oI gooae: Inere
1ss,s ssa,ss - a. :. tnloognout tne iand
s-,ss.ss ~ nesu OF clothes: store
~ 80 rana;r rs,sGs, and L im Lmp.emen.s, ano what
s1svss sSs ~ ISp1'k anu MAKE whoie the wear and
~ Mn =. sne aass swo years.
s,,z,shai -. s...;S. ;So ii er ni mas t9s where-
ss,Sa ~ gsaoy al me- reasonable wants.
e.. S1 ~ .iouls1sal ineersss was never In
S~SrsIan. eonua.on. s a ane crops nave been
,.s..,ir gna our great staples ind abroad
;s;rcs Isen sAeis 80. az remuneraslye prices.
~-sS..iI,. a; nesiIau wneas mas oeen
80 upS HIssian Wneat out OF
ssasn mHIAe.s ~ s Oh tne United Kingdom. In
- 80 sse sStsi 20 lmPoIts OF wheat and Hour
laS S"L. q uour pelnS Ieckoned as equal
- ~ a. cWs. oL Wneat In grain-into the
srss;s n.Su h.n91S9 ne1 onc Eom north ana eonth
Ssneeia sss. wae 2o1 ,236 cWs, against 5,79S,
- - cWs IN !o|4, decrease of nearly fifty
.4sr CENT. In nve years. Meanwhile, the
sseeorts OF wheat and Hour from the United
,Sssasss INTO 10 the United Kingdom Increased
sSCm u, $50 .25I cwt. in 1869 to "a .2O6 .052
ScEt. In 1874. In short, while the Russians |
Nenf In 1869 nearly two:thirds as much