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Show HE0B THE FLSASCUL SlrL'ATIOX. BBShBP? f TilE eOct upon Kurope and BBaHmI ' -erie of the tight financial ttrait BBBBBBB or Baring Bros., or London, illus BBSSBBB trates the liability cf the civilized BBBBBBB '"'otoLeeugulphtdinafinancia BbSBBB crah. Wht none great house Is ii, BBBBBBBJ jeopardy the whole business struc- BBbBB lure is thrown into a tremor of ex- 3BBSBB citement, and panics spring up in BBBBBBB every direction. aSHBfiflBBI 1'nis universal dependency in tbe BBj&Vkfl business worfj constitutes the chief MBBBBBB reason for the strongest concerns BjBflflBBfl rushing to the rescue of those that BHB t'ie evidence of a liability to be J swamped unless aeslstauce is tx- tended. If largo firms are not held BP' I UP tvlieu their cxUteuce is In Jeop- H9aW a M7i the strongest are in danger of bwbbbbI BHBff, being drawn Into the maelstrom that ensues. When there are such morbid symptoms 33 those which were exhibited ex-hibited a few days since la Europe and the United States, they are generally premonitory of something much more appalling. They mark the presence of the fever that is sure eomu time to culminate In a general way before final subsidence. But, as a rule, men act In relation to the natural effects of public financial maladies as they do with regard to tho aliments of prominent Individuals. Indi-viduals. They Invariably push out hopeful bulletins even to the point when the patient Is in the throes of death. The truth Is distasteful when it forebodes dlsasUr and there Is a natural disinclination to believe it, even when tho evidence is beyond reasonable doubt. Ilccce most of the great financiers are asserting as-serting that the crisis is over. It may turn cut, hon ever, that the crisis has not yet been reached. It is only a short timo f Incc bj great a man in finance as Jay Gould asserted, in answer to a question, ques-tion, that there was no probability of a break. Yet the conditions which presaged that of a few days ago were plain enough, their existence exist-ence prompting the cutting of the interrogatory to iiim. Some people iu this region have been speculating as to whether the condition east will have any cfTVct heft.-. Doubtless the financial situation situa-tion in the country at large will act more or less upon business matters here, to the extent, at least, of the connection between this pirt of the country and the affected sections. It may be well, npart from thi,to consider con-sider the financial status of thisclly. Is it sound? A great many buildings have been built this season and many others are in course of erection. erec-tion. They have been projected on tho basis of flush times and in numerous instances constructed on borrowed maucy thus far. It Is commonly understood that money is tight, tiie banks having nearly reached the limit of their safe capacity for making loans. This places the borrowers In jeopardy, not a few of them being unable to more forward. Unless there shall be a relief of tbe strain they must necessarily gj backward and ier-haps ier-haps down. Xot a few are on the ragged edge or uncertainty, waiting rir something to turn up. If it does not come they must go deeper into the hole they havo been digging with the borrowing lever. The material has been carted away, aud there is next to nothing left with which to level up tbe excavation. |
