The Dawson journal. (Dawson, Ga.) 1878-18??, 1884-05-29
KEEP COOL.
Journal Of Commerce,1

day of the world, and the stars will
shine in the armament. A few spec
ulators have come to grief; thei
dupes are entagled with them, ant
not a few innocent persons have beer
called to suffer This is the common
lot. When the tree. rotten to thu
core, falls with crash to the cart bill
is likely to injare many within react
OF its spreading limb. who have con,
tributed nothing to its fate. But
there is no occasion for widespread
panic. Capital is abundant, and the
insolvents are the small minority,
The banks of The city are not as q
rule in league with Spectators, nor
controlled by people who are living
by their wits 1t is not time for
general distrust. Without some
faith in each other, men cannot exist
IN communities, and there is no rea
son why we should all glare at our
neighbors as if we thought they
were intent upon robbing us. Most
Of our finances are still sound at the
heart.
All attempts to "ruu" upon this or
that bank are foolish and mischiev-
Gus, and whiSperings aud surmisings
are worse than cannon shot when
leveled against any financial institu-
ton. Let all who can, leave their
balances undistdrbed; the hanks have
often befriended their dealers in the
hour Of their trial, and the latter
ought to return the service and stand
loyalty by their depositors now that
money ia abundant and all that
~ wanting is an increase of conf-
dence.
The worst OF the crisis will be over
as soon as the public pulse has lost
its feveri,h excitement. We do rot
say that there will bs ''boom" in
stocks, or an advance in prices Of
produce. We do not think it desira-
BILE that there should be anything of
this kind to renew the spirit of spec
ulation, There is a vast amount of
liquidation yet to be completed be-
fore those who have borrowed upon
their securities can free themselves
from debt, aud take up the burden
of life anew without this added
weight.
1t is time fer those who have been
trying to get their living by their wits
to forsake this precarious calling and
To engage in some honest, remunera-
tive employment. We have often
directed attention to the fact that so
large a number throughout the coun-
try are employed in operations which
have not in them single element of
legitimate business, and are little, if
any, better than mere gambling ven.
lures, betting on future prices.
Those who are once inoculated with
the fever find it hard to attend to
anything else until it has run it's
course and left them stranded and
helpless.
One thing is most encouraging to
the outlook, aud that is that the
trouble is confined to the gamblers.
They may, like the tree, injure few
others by their fall. but there is no
unsoundness among those who have
stuck to their own proper calling.
The dry goods trade have been
cutting down expenses, putting in
order diSjointed assets, buying most
carefully as they have.felt the demand,
and never stood stronger than they
do to-day. The grocers and all who
have been doing q legitimate trade
are in the same comfortable condi-
ton, and can stand any amount of
pressure without yielding their
place.
Those who are wise. and will take
to heart the lesson Of the hour, will
have little to regret when the storm
has spent its fury. The great mass
of these, especially of the young,
who have been in haste to gather
sudden riches, and have been alto
gether reckless az to the source from
which the profits came, so that the
voluG-n was large enough to satisfy
their greed, must give up the mad
pursuit and go to work in honest
toll, and be content with small gains
before they can have any peace OF
mind, or the promise of .happy
future. 1t is time for idlers to keep
away from street corners, and for ali
who are willing to earn their living
to take off their coats and 60 to
work.