The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1882-01-10
WEEKLY BAZOO.
SEDALTA, Mo-,
TUESDAY, JANUARY 10, 1882,
THE PANIC OF EIG HTY-TW o

According to the ,wiseacres. the
next thing which We are to have is /;
panic resembling that of 1873. W.
are to be favored with the luxury
come months hence-when the roses
come again, as it were.
The unreal and inflated value %
stocks and all kind, of speculative
property, the spirit of speculation, and
energies and money wasted on unreal
enterprises, are instanced as the signs
OF the coming crash which is to involve
she whole country in one common
ruin. In other words, the time IL
soon TO come wien a dollar will be
rarer than a red rose in winter.
Merchants are to put up their shutters,
mechanics are to lie idle and desti-
tute. because the industries of the
country are to lie prone under the
IRON hand of panicky times. The
spectre which, within few years has
been driven from the poor man S
table, it was hoped forever. is to take
It's place there again, the working
mans muscles Of brass are to grow
soft and inefficient under the grinding
heel of poverty. and the devil gen.
orally is going to be to pay, and no
pitch hot.
Now, as Mr.. Grewgious would say,
Lets talk" Ever since 1873 the
prosperity of this country has been
accommodating, not on foundation of
sand or gravel, but upon the
enduring rock. The railroad
systems, and other great enterprises
which have risen during this period,
the third of generation, have proved,
nearly all of them, investments
whose outcome is very satisfying to
the lucky stockholders. Nearly of
Them pay dividends. And the states
where these great enterprises are
located, and through which the great
lines of railway run, receive greater
benefits than even the owners them
selves. The great Missouri Pacific
and Wabash systems are worth
thousand times more to the state of
Missouri than they are to Jay Gould
today.
There has been much speculation
during the last seven years, and there
Is much of il at present; but it is not
Of that character which is the sure
badge of impending disaster. The
colossal sums OF money which have
been spent in great enterprises have
been invested in a shape that will en-
dure. America has got beyond the
point where she can only find within
herself a mart for the productions of
her industries. The whole world is
calling for the manufactures OF the
United States. The cheap labor of the
old world has been met by the inge-
nuity and labor saving inventions of
the new. Thus the world lies under
tribute to the republic. Every ship
brings gold in abundance.
If 1882 is good crop year, We shall
doubtless hear another song from the
prophets who foretell the new panic.
But it is hard to see how any disaster
of the kind predicted is to befall the
material and settled interests of the
country. They are solid. The world
is the mart in which America spreads
her bazaar, her wares are in de mand,
and gold and precious stones, purple
and fne linen are given her in return.
Individual credit may wreck indivi-
dual persons, but the times are not
Wild enough for that. Money is
plenty and Oh ap-the country is
flooded with it. Wealth must of in
dustry and enterprise pardon beg;
yea, curb and WOO for leave to do
them good. Men of quite common
judgement can see that there is moth
ing to fear in the outlook for the
future. whatever the wise acres con-
slider themselves qualified to see.