The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1876-03-02


an exchange papor, without the name
OF the author, presents the dates OF
tho different panics in this country
and tho party administrations unicl
which they took place, with the al
mitablo and logical conclusion that
If the Democratic party propose {,
bold the Republican party rcsporsj
bic for the prcsont business doprcs.
ion, thcy prove themselves TO hay,
been the great curse OF tho country
inasmuch nv nine touth ofnll the past
panic5 took place Under Democrat,
rule, and tho first clusos of thu last
panic, anl the present business do.
preston, originated in tho Demo,
cratic party Read carefully wha, hC
says, clip the article, put il away 70.
future reference, for the datls are all
correctly given:
Daring the past year, while thor,
has been 80 much suffering from the
effects Of the panic which is now
prostratiug our country, We hqy,
heard many charge il to the political
party now in power, and The blatant
politicians, vino arc ondCavoriug o.
organize now party attribute it e.
the Republican party. You viii
confer n favor by inserting in you,
valuable paper tho following highly
interesting review OF ia, panics that
have taken place in this country,
from data furnished in SdmncrH
History OF tho American Currency,
from which we tgko the prominent
facts. The conclusion is, that some-
thing OF rule governs tdo5o rGyul-
sons, and that tho average timo for
4 recovery from their effects ia cigh-
tecn months TO two years that il is
evident that the period of commercial
stagnation following the panic OF
1873 has run its full length, aud the
recovery cannot bc long deferred.
Another feature of Tia, analogy is,
that the coming year will be unusual
| ly prosperous. There seems no doubt
TO us that We arc now entering upon
that era.
Tho historical facts ave as follows /:
In 1919 Il psnic caused by tho in
ilation OF the currency during and
succeeding tho war Of lSl2 pros
tratcd the business of the country.
/ At this period James Madison, n
Democrat, was President OF tdc
United states. bis term commencing
in 1909 and continuing until 1917
!lo was succeeded by James Monroe,
lolsoa Democrat, whose term lAste |
eight years. During the panic Viii
liam Fnlly, a Democrat, was Goyer-
nor of this State from 1918 TO $50
In the then small city Of PhilAlel-
|phia 10000 persons througel Che
streets seeking employment. Thirty
trades of that city which usually en-
ployed 9,G72 persons, reduced thoir
force u 2.OJD, and thc same ratio
prevailed in New York, Baltimore
aud Boston. Tho depression lasted
through 1919 aud 1872. About
juno, 1921, II revival Of business
seemed cyidontf by October there
was an unmistokoblc movement in
that direction, which continued un'
I'll December, 1872 when Il relapse
took place, reducing prices sharply
cotton goo 10 rs mNth GS ~ p'r
cent rom '"l'' however theIe was
u l"Pin recovery "ii IN ISL tic
prosperity Va tpo country was very
Inn'@ou' III io-' thefe was Hnottof
P"i,c' ctdS'a ny tile S'a'e OF ",.'lfa
,u rHSan'' ahi hE!AS wont down
i'Ao caro- houses,
Az 'iii' Perioi Jonh W. AHah''
re',r'l' WAS ireSlaehC' an l 'ohh a.
'Hu.I1' II Den'crat' was "o'efho!
oi rehnsyiYahil,
iha p'nic Oh 1919 cn'mlhHtei IN
Iecopio'r' 'he depression ll'.l,l Z
snroust @ lilo year io2o' III lo-' th9
rounVIy w'S "SHn prosperous ha'
business business ihcre'sci, Win pu1 NIUE
.r:o'rupI'on "nt'I 'no Sr'h'''I cr','7
thl7 country mas ever Known was
Psec'pi'aIeu upon IL IN Ine peS'n.!,'S
oi ''ie year io't nc ofHnC oi ''!o
crash occnrrei IN He" YORK ~
harch' ana III Aprii Tue whoio ooun-
tfy sncsnho'd' me oppression con-
''nuo" .hrousho"' 1901
Martin Van Buren,, Democrat, was
T. T. mrres'ueht' ana MS famous SUB
treasury sche'ne' a itvorito Demo"
cra'ic measure "i,n iGs ow1rtWouts
as p!nhiefers' ana misappiylng OF