The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-01-20
.no,ted Tor THE PROGRESSIVE FARMER.l

o,+ad Tor The PROGRESSIVE FARMER.l
Gentleman familiar with the life
NH Street relates this incident:
o. .Iu before three o'cloch on the
0 aOrn3on of November the 18th, a
S%an came running up Wall Street
EU tbe direction of the East River
IT, nSn news of the closing of the North
1 Bank had not by that time
Soobad the Street, but the recent
EI"ros and the known difficulties of
l9 no ether banks had made the Street
Y mskittlsh." The woman ran
E1ly until she came to the Drexel
nU;i3ing. at the corner of Broad
S'roet. Here she paused, stopped a
"nssenper boy, and held a whispered
noDvarsstion with him. The boy
~cinted up Nassau Street, and the
rnmsu started up the street with the
bov after her. Her youth, beauty,
ND unsccounta ole actions, had already
"-citad interest, and a large crowd
SoIIowed her. She dashed up the
.,siras of the Bank of North America
RniIding. A cry. arose from the
.rowd that the bank had failed, and
IN less time than 1t takes to tell it
.sversl hundred persons were jostling
oocb other around the door. La the
meantime the woman calmly went tx
tho cashier and asked ii her husband
had come yet. she had an appoint
meut to meet him there, and finding
that she was late, had run up all
Street.
That is to say, the financial. nerves
of New York we're unstrung. Men
SHE'D at their shadows. The rustic
of q leaf they took for the tread of an
army. They had the financial Jim
Jams" sometimes a very ludicrOus
disease, bui always mor horrible
than humorous. w ali Street has not
even vet shaken from its throat the
skeleton CLOVIS of this nightmare of
the commercial world-a panic. A
panic in Wall Street means a panic in
every home in America. 1t is a moral
and religious question. What is its
moral import =? What lesson must
the Christian manhood of the nation
learn from such events?
|. We learn that this panic came
upon US without any legiti nate III
The country was never in a more
prosperous condition since its begin
nings. The granaries of the West
grosned beneath their mighty loads
Of bread. The cotton fields of the
South were white with wealth as they
have not been for a generation. Trade
vas brisk-the outlook bright. In
the midst of a beautiful day, with a
clear sky, a storm bursts with terrible
fury. 1t is a panic without reason.
Ithsd no Legitimate cause. Therefore
its cause was illegitimate. People used
to think that such things just "come,"
like the measles or the whipping cough,
without rhyme or We are
beginning to understand now that
spidemics come because law las been
violated, that cholera and yellow fever
are not fends let loose from the in
tsrnal regions by some angry devil or
deity, but thai they r the offspring
Of man, begottou in filth and grown
in criminal negli yence. So the pane
that has no legitimate cause has an
Legitimate one. They do not "just
come" Lat US fix this thing clearly
in our minds. The sooner we fix it
the better. The only prssible conclu
HOn We can draw from this is, that
mere is something rotten at the very
heartof the modern commercial world.
What this is, ! do not try here to say.
10 recognize the fact of disease is the
arSt step toward is cure
Z. The second lesson we should
earn is that the day of National
inter dependence has come. Tue i'm
Mediate occasion of the crisis was the
Embarrassment of a firm of English
oankers, thousands of miles across
ne sea, In a foreign city, in q forign
aaGlon. No man liveth to himself
ano no man dieJh to himself. And
ne time is nov come when no nation
Can 1--we to itself or die to itself. The
ua OF the Chinese Wall is passing
way. The era Of international law,
l'ernational dependence, and the
motherhood Of the human a Is
Slglng the horizon of the East with
We new sun of a new day. The lives
" all the nations of earth are being
woven and interviewer one with the
S1ner' They must share each others
Tufaens and sorro VS., as they have
SoIfoWed each others games and
%sllOns and JOYS. It's the movement
y We Centuries. 1t is the Ian of God
. We must learn, too, a fact that
" ought to have learned before,
aeaely' that the practical government
.ne world is being rapidly concen
SG:eo INTO the hands of a few private
uiVlduals Be this for veal or woe.