Show TIlE PANIC OF 1ST3 The panic of 1873 was one of the worst ever experienced by this country coun-try In his message of December 1 1873 President Grant spoke as follows The year that has passed since the submission of my last message to Congress Con-gress has especially during the latter part of it been an eventful one to the country In the midst of great national prosperity a financial crisis has occurred occur-red that has brought low fortunes of gigantic proportions The revenues have materially fallen off for the first five months of the present fiscal year from what they were expected to produce pro-duce owing to the general panic now prevailing which commenced about the middle of September last In his message of the next year he spoke of it in these terms Since the convening of Congress one year ago the nation has undergonea I c o < r1 i z > Ii prostratom In business and industries such as has not been witnessed with jo tar many years The year 1873 was the same in which the Republicans demonetized silver |