Show WHAT MADE THE PANIC OF 1873 the herald asks what caused the panic of when republicans held field ilia fort wo we nih mill tell the tha herald exactly what caused it the democratic party rather than give up the control of 0 the government made war upon it that war cost in money and a greater loss osa than that in the depreciation ot of property to carry the war on raper paper promises to pay tied had to be issued and on ail interest beating bearing debt was created which lit in 1873 amounted to more titan than when tile war ended called and the terms of 0 surrender were mere accepted by lee and johnson it was understood that the me men of 0 the south would mould go to work to repair their brokett broken fortunes the republicans public ans undertook to establish a form ot of government in the south through which tho the states could gradually come back into their ali lr old places tit in the union that did not suit the gentle rn tiemen down there those of 0 any character act cr simply remained silent und and sullen and they let left the unscrupulous ones in their midst to commit any deviltry on oil earth except open rebellion against the government all the time tile democratic party was strong in both houses A good many of their newspapers advocated the utter latter repudiation tion of the debt and jt it was thought by those who ho had control of the government that the first drat thing to do CIO was to begin to retire the pa paper per promises to ray and they retired them so acidly that tho the country was pic closely in tho the position of 0 an inebriate who lie has drank until lie ho has a licad lead ache until his stomach la Is on pre arc until lie he cannot sleep at night and then his doctor insists that ho to shut olt off rit all strong drink at once the result i Is a very sick man mail so under that pontiac tion the business of abo country was very sick but even that panic coming as aa it did no ae a 1 anal I nal I 1 ic after the mighty ss of a great war wail lid did not compare what the country him has suffered this summer the country wag then escus in the west it was waa prosperous in the south wherever it 11 was possible for the industries of the south to resume tand and the collapse inn in the north was only temporary there was no lie such stich stopping slopping of tho ilia wheels of factories no banking of 0 the tha file files of furnaces no selling belling of 0 wheat on the farm arm for 30 cents cent no selling sell 1119 0 of cotton for or 7 cents no publication by the secretary or of the treasury Tr eaury that there was per capital capita among the people when in fact nearly th the whole sum BUOT was locked up either in the treasury of 0 the lh united states or in tho the banks of the great that was one of the sick nick days of 0 the tha convalescent that wo was not I 1 lying a throng amstrong man down hand and toot foot and an 1 asking him why by he d does 0 es not leap and walk |