Year: 1862

Il


Of the radicals Is to gradually bring about
peace, with . permanent separation of the North
from the South.


Making Hay While ths san Shines.
Tho farmers Of Wall street are very fortu-


nate nowadays Such sowing of golden


seed, such rapid ripening Of crops, such
| speedy and glorious harvests, have not been


seen for years All sorts of stocks spring up


like the grass, and the busy brokers are making
| hay while the sun Shines Seldom have the


stones Of the Exchange been 80 fertile of
! sudden wealth. Outside operators plant their
savings and find them growing as marvellously
| as Jacks fabulous beanstalk. Fortunes ap-
pear, like mushrooms, in night Millionaires
multiply as by q miracle Riches drop like
| broiled larks from the skies. Plethorio pocket
books ny about like Sidney Smiths roast ducks
begging some one to take them. Every other


man you meet is an embryo Crasus The old
| story of Midas has come true at last, and the
farmers of Wall street have the auriferous touch
Nor are the other farmers Of the country more
idle or in less favor with the fckle goddess.
The trade reports of the past week show a
business to and from this port which New York
has never excelled The importers OF foreign
goods find that the demand for silks and laces,
woollens and delaines is as great as if there
were no wars or rumors of wars in the land.
Duties are increased, and prices are conse
quently higher; but money is plentiful and
buyers numerous. Groceries have greatly
advanced in price; but the grocers find no
falling of in customers and orders. Manufac
tories are kept busily employed. Our harvssts
are abundant. and Europe heeds all our surplus


fosd and pays we'll for it. Our railways are load
ed down with an unprecedented and remunera-
tive traffic. The OPERA theatres and all other
kinds of public amusement fill their Golfers from
the overflow of the public purse The sun Of
prosperity is shining brightly upon all sorts of
farmers, and all are diligently making hay. Let
any intelligent man shut his eyes to the war
news, and read only our financial and CONNER
cial reports, and he would swear that the coun-
try was basking in the pamiest days of pro-
found peace The vast and intricate machinery
of the business Of the country has recovered
from the jar caused by the attack upon Fort
Sumter, and is again working smoothly and
powerfully. 1t has accommodated itself to the
circumstances of the times. and is no longer dis


turbed by the reports Of cannon. The crash in


mercantile houses which attended the opening
of the war is long since over, and new firms
have been built up from the ruins of the old
What the South took away from our business
by seeding the North has supplied from its


exhaustless and imperishable stores. and now.


financially and commercially speaking no one


misses regretfully that trade with the seeded


States which was never so large as was gene


rally supposed, and which was sometimes any


thing but sure pay.


As general rule, country is not prosperous


while engaged in war. There are peculiar ex-
ceptions to this rule, however, and our own
case is one Of the exceptions. While conduct
ing the great war against the first Napoleon
England had period of surprising prosperity
after the contest had fairly begun. Her govern
ment expended money lavishly ct home and
she had all the world, except France and other
parts Of the Continent. to employ her foreign
commerce. No wonder, therefore. that Eng


land grew rich upon the war. and no wonder that


we under nearly similar circumstances. are do


ing precisely the same thing. Our government


is spending money with unexampled profision'


We have the whole world open to our com


merce, and can force open the ports Of the Sc


ceded States as easily as we have closed the m


whenever it shall become expedient. But the
difference between our condition and that Of


England is, that our war has lasted only year


and half, and cannot possibly continue for


over two years more, if indeed it be not settled


in six months while the war in which England


was engaged stretched its slow length over a


quarter Of century. Our government will


expend, therefore. in two or three years. & sum


az great as that which the English government


expended in twenty-five. During the war with


Napoleon the English debt increased from one


hundred TO eight hundred millions Of pounds


sterling, and the outlay Of the government was
about four thousand millions Of dollars. Our
war debt is already two thousand millions. and


in two years more may rival that Of England
Thus We are crowding into few years the ex-
penditures Of quarter Of a century Alta pro-


ceeding 10 thoroughly American old fogy


Europe stands agha.t We are making hay
while the sun shines; but our sun is 60 large


and bright that it dazzlss European eyes It
need not dazzle US, however, 50 long as we
keep on steadily maki4g hay and have care
for the storm which will come by and by.
When this war ceases the collapse will he fear
ful. The machinery Of business will be again
Jared out of keller. il was whom the war
began, but much more disastrously as we have
more steam on and are going at more violent


rate The crisis 1887 will be child play TO that
which will follow the end of the war unless our
financial farmers are more prudent than for.
mery. Debts and taxes will then have to be
paid and the government expenditures will be


greatly reduced. Then will come the crash
which may bring ruin 10 thousands. Let our