Year: 1867

The CRESCENT, with an adroitness, that in some measure, is commendable, ehiffs the issue that we made with it last week, and lodges the corners so ekillfully that it is hard to locate its editorial, in its fitness and applicability. It's editor honestly confesses that he could not, at the time he penncd that unlucky paragraph, look into the future and see the necessity of change of policy, having seemingly forgotten that two weeks ago he used the following language:

 "At the time our paper made it's DE- BUT, the country was in state of per feet exhaustion. Since then, wide spread commotion has kept industry paralyzed, and eflectually hindered any material improvement in the financial condition of the people"

 This effectual intolerance to material financial improvement was his excuse for holding up the price of his paper, and amidst "wide spread commotion which paralyzcd industry" he raised his subscription, throwing at us because we had reduced ours this little squib, with an air of arrogance almost une- qualled:

 "Our subscription is S4,00 per annum in advance, the price of all the FIRST CLASS NEWSPAPERS IN THE STATE"

 Not satisfied with this, he came at us with:

 "We shall resort to no ingenious COUP DEFEAT for the purpose of extending our circulation. at an inn mense pecuniary sacrifice. If we were to reduce oar subscription below S4, % per annum, there would be room for suspicion that our paper would be short-lived. If others place a low cs- innate on the products of their toll, we shall interpose no objection. and it is quite natural that refiecting minds should accept the valuation as correct"

 And new, notwithstanding his late assertion, relative to the perfect exhaus- ton of the country, he takes the wind from his own sails by saying:

 ''At the time we used the language quoted, we had no idea that the finan- cial condition of the country would demand any departure from it. Noth- ing less than the prescience of Deity, could embrace and provide for every emergency; and fla man were to stamp immutability on his business, he would be superhuman."

 If the country, when it was perfectly exhausted, did not financially demand this step, iu the name of common sense what demands it now. Our ncighbor is unfortunately situated, his every step to get out of the mud, sinks him deeper in the mire. Having told the people that reduction of rates would in him be an evidence of early death: he must expect them to abide by his testimony. One other gem and we leave ourneigh- bor to his own reflections:

 '.As much stress as is laid on our "tottering basis we arc happy 10 in- form our patrons, that we owe nothing for the printing material used ill pub fishing the CRESCENT, and our .'neccs- sites have never been so urgent as to demand the borrowing cent. Can the proprietors ofthe CITIZEN say the same, and tell the truth?"

 As this question is honestly asked. we honestly answer it. We have bor- rowed money, and expect to do so again, if necessary for our friends in Des Arc have sufficient confidence in our ability to reiund--and we are not compelled 10 strain our creditin Mem phis or other cities. The names of our proprietors are at the head of our pa per and when we borrow, or ask for PROPRIETORS of the CRESCENT say this and tell the truth. "People that live in glass houses should not throw stones."