Year: 1860

In an able article on the subject the n. Y


Journal of Commerce remarks that it does not
regard the present panic in New York, in the
usual acception Of the term, as likely long to be
continued, nor that the evil most to be deplor-
ed will be the result ofthe present eXtraordina-
ry excitement at the Stock Exchange. The
evil most to be deplored, says the journal, is
the unsettled state of the country, which para
lyzes industry and shuts up tie avenues to
employment. A general excitement spreading e
throughout country creating apprehension,
and thus checking enterprise in trade, mauufac-
turers and commerce, will throw thousand out
Of employment, and thus not only diminished
the national wealth, but bring want and suffer
ing to multitudes of houses where there would
otherwise be peace and plenty. Whatever be
the exciting cause, whether the fear of an epid-
emic of political trouble, the immediate result
is the same, save that the former may be more
clearly defined, because more local, and lmi-
ted to lts operation by times and seasons
Three moths of paralyZed industry will cover
a winter of severe suffering to thousands of the
laboring population, through all the manufac-
turing districts of the country The real cause
of trouble is the impression which widely pre-
vails that there is likely to be an open rupture
of the bonds which unite the States of this Con-
federacy. The question is everywhere sugges-
ting itself to mems minds, are the laboring, the
industrious, the business portions of the u


States--are all men who have interests in soci-
ety-to be kept in constant state of disauiet


not knowing whether the fruits of their labor
will not turn TO ashes IL their grasp? We are
not considering the subject in political nor
even in Southern point of view; but, looking
to the great objects of all government--lite


property, liberty, order, stability-this whole
nation, cursed, tormented and vexed in its in
most soul by fanatics and delnagogues, is ready
to exclaim, not irreverently nor angrily, but
from the bottom ofits tempest-tost soul-';How
long, oh Lord, how iong?' Not year has
elapsed since the waves of sectional excitement
were running mountain high, and scarcely has
there been lull in the storm, before, as if they
had retreated only to gather new strength, they
come back upon US from all quaters of the
compass, higher, darker more and more threat
ming than ever. We believe that we speak the
inmost feelings ofmen of all positions and all en-
Ployments when we say that this slavery ques-
ton must be closed now and forever; closed
fully and completely; taken forever and ever
out OF the arena Of politics. and that any policy
which does that, will meet the appreciation of
the whole American People The country is
sick and tired of suffering the financial evils of
war, and walking under the fitful clouds that
herald its coming, and watching the flashes and
hearing the ominious rumblings of the threat
ened storm. Rehecting and judicious men are
asking-is this always to be so ? Must we, and
after US, our children live forever in unrest and
uncertainty? IS there no remedy for this state
of things; no means of ensurng the unspeaka-
BILE blessings OF peace permanence and sEcuri-