News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1884-06-19

AtNtiOAleNi ANU GAIfdVaQ3llp{
We're the chief causes of frequently recur
ring financial disasters, His sermon wa,
peculiarly appropriate and very pointed
but the congregation, as DIR. Talmagt
said, stood it pretty well, and none arose
to go ont. From beginning to enc
rounds of applause and bursts of hearty
laughter interrupted the speaker in spite
of his earnest request for silence.
There are those, said DR.. Talmage
who spread out their wings until they
cover ten or fifteen fortunes, and the
financisi incubation seems to be getting
on very prOsperOusly, when suddenly
the shells are Clipped and some of the
chickens. take to the water and some tC
the air and leave the nest empty. Across
the island of New York in 1885 a wall was
built. cannon mounted to keep back the
savages. The street which kept the line
of the wall was appropriately called Wall
street. 1t has seen the coronation and
burial of ten thousand fortunes. The
abode Of Just the oppOsites-unswery ing
integrity and tiptop scomdrelism, heaven
descended charity and bloCdless Shylock-
ism. would like to put the plowshare
In at the curbstone in front of Trinity
church and draw it through to the Wall
street ferry, and so it shall go if the
horses are strong enough to draw the
piow.
We are ell stunned with the recent
defalcations in Wall street, and there is
no more absorbing question in America
to-day than this-What caused Black
Wednesday? What has caused all the
black days of financial disaster with which
NNoH CT. - aA,1 Er.., i.
last forty years -? The primal cause OF
all these disturbances is the extravaganza
in modern society, which impels a man
to spend more money than he can hon
estly make-and he goes into Wall
street in order to get the means of inor-
dinate display, and sometimes the man
is TO blame and sometimes the wife, and
ofiener both. Five, ten, twenty thou
sand dollars income is not enough for a
man TO keep up the style of living he
proposes, and therefore he steers his
bark toward the maelstrom. Other men
have suddenly snatched up $50, 900 or
800. 0O0-why not he? Extravaganza
is the cause of all the defalcations of the
last forty years. No sooner do you dis
cover the affair than lying back of it YOU
find the story of how many horses the
man had, how many carriages, how
many residences in the country. Now,
for the elegancies and refinements of life
cast my vote. But there Is line to be
drawn between the adorDmenfs we can
afford and those we cannot afford, and
when a man crosses that line he becomes
culpable. There are families in our cities
who can hardly pay their rent, and are
all the time sailing SO near shore that
business misfortune prepares them for
pauperism. They stay in one place till
they can get no more ON credit from the
butcher or grocer and then hire a car
man, whom they never pay, to take them
to another place. There are in Brook
lyn at least 5000 such thieves, to call
them by their right name. Society has
got be reconstructed on this subject. or
these times of panic and defalcation will
never end. You have no right to ride in
a carriage for which you are hopeiessly
in debt. Get down and walk like the
rest of us I have yet to see one of
these Wall street paEics which is not
connected IN some way with extrava-
gance.
Extravaganza accounts for the dis
turbances in national finances. Aggre-
cations are made up of units, and when
one-half the people in this country owe
the other half how can You expect fnan-
cial prosperity? Every four years we
get great spasm of virtue, and we say
when we get a new President we will
get all over our perturbations. l don't
care who is President, or how much
grain goes out of the country or how
much gold is imported, until we learn
eventually to pay our debts and it be-
comes a general theory that men in this
country must buy no more than they
can pay for-until that Tine CUnTTs rrTGTt
will be no financial prosperity. Look at
the pernicious extravaganza Take the
one fact that New York every wear paws
s., 0O0 900 for theatrical amusements.
Ninety-five millions paid in this country
for cigars and tobacco. One thousand
and, going a little further
back, 81, 500, COO, coo, for strong drink in
one year in this country.
This extravaganza accounts for the
forgeries and Ascending of officers Of
banks-the Office on Wall street swamped
by the residence on Madison square.
That is what cracks the pistols of the
That is what tears down. tf1e
Marine Bank. That is what halts this
nation again and again in its triumphal
march of prosperity. It is estimated
that In the cities of New York and
Brooklyn alone there are over five thou
sand women whose apparel costs them
over $1,000 year each. Things have
got to such a pass that when we cry
over our sins in church we wipe the
tears away with a $50 pocket handker-
chief.
will show you a domestic tragedy in
five acts. Act the First-a home, plain
but beautiful; enter newly married
pair; enter contentment and happiness.
Act the SecOnd-Euter discomfort: enter
desire for larger expenditure enter envy.
Act the Third-Enter the queenly dress
enter the French milliners: en-
ter all great extravagances. Act the
tourth-Tip-top of society, princes and
prlncesses of New York and BROOKLYN
bling IN and out; everything on a large
and magnificent scale; enter contempt
Tor other people. Act the Fifth-Enter
the assignee; enter the sheriff; enter hui
enter the wrath of God: enter
death and hell. Drop the silk curtain.
The play is ended and the lights are
out.
Extravaganza accounts for much OF
the pauperism. Scores of men have
lived highly, and when they died left
their families to the cold charity of the
world. The death of such men is a
grand larceny. Their bones should be
sold to furnish bread for their children.
know 1t cuts. / didn't know but some
OF you IN your dudgeon would get up and
go out You stand it well. Some of
you make a great swash in life. After
awhile you will die and ministers will be
sent for to stand by your coffin and lie
about your excellencies. And vet we
ind Christian men spending everything
on themselves They crack the back Of
their Palais Royal glove in trying to hide
the one cent they put in the Lords
treasury. Then there are those who are
solvent when they die, but the funeral
are so great that when they
ire buried they are insolvent.
My friends, let us take our stand
Igainst the extravagances of society. Do
lot pay for things which are useless
when you may lack necessities. Do not
'ut one months salary into. a trinket. /
Keep your credit good by seldom asking
or any. In the day of Gods judgment /
re will not only have to give an account !
# the way We made our money, but of !
he way we spent il.