| Show TALKING OF PANICS Those who In the tho of and crIses cries that the Iho country had a severe crisis in III amid following 1837 At The tho end ot of 10 years year there thero was lackIng any noticeable hilt but In III 1861 1857 came a panIc Qt of cre great t severity Tha Intervention ot of the tho CIvil War broke up un the tho regular trial order and this country went through the tho poInt followIng without trouble England dId not 1101 Our time came camo In 1873 1573 which brought tilo tho worst panic experienced sInce 1837 1831 Ten ren yearn from 1873 saw tho moderate el depression of 1853 fol fo d bY tho thio ll of 1881 1851 Ten years again the tho very its crash of 1803 And thins We are ara told every overy twentieth l year or nearly so proves to bo be a year of lit In view low of the tho notes of warning In the world recently tile tho followIng of the lion tion previous to the panic ot of 1873 by Tames Ford Rhodes quoted b by the thew w York World Is of timely interest lIo JIo S SAt At that time It Is not surprIsing that ss men and bankers did not foresee what was coming Prosperity was written all over the face faco of thIngs vera busy workmen In demand streets And shops chOps were crowd crowded ed and everywhere now new buildings so go soIng Ing up Railroad earnIngs nH as corn com pared with 1872 1812 showed a 0 gratifying In increase crease of commodities were hIGh demand pretty good everybody seemed 1 to ho bo making money and no nobody bod body suspected for tor a moment that ho he was Willi living iii a 11 foots paradise For the basis or of all this act activity up to be sound The Tho wheat wheal croP croll US large and the tho product of oC corn thouGh smaller than that or of the tho provi ouli year was fairly good Tile best authorIties reported that the tho supply of at In would ho 00 short and that Utere would he u a aready ready read demand at high prIces for tOI every overy avaIlable of our exportable cereals Wheat hail begun to move the tho old corn as comIng forth It feared that tho th capacity of thu tho rail railroads roads and ocean would be to carry tilt tho freight that was offered them It wits estimated that the tho cotton crop would exceed four million balei balea then u a large product amid for tor this the tho demand domand In iii l Europe was WIls of course courso It IC prices were hIgh It ho bo asked Vera rero they Transportation tatton tation Willi cas lh the sure suro gauge or of activity antI and vas wal not Cornelius Vanderbilt the tho greatest captain of oC Industry paying per ton for tor steel rails for hIs ilia tour four track road this man such at so 80 hIgh Ii a cost ho he believed existing con or Money lone It Is true Irue tight 1 but Ut this was WIlS surely nn an In indication ot of prosperity It Willi due to the of at the tho West eRland and South for their Now York funds In iii order to move the crops crOlla Late Ialo In the tho autumn the amid other currency return to 0 the money C hoen employed In ond lug out abroad timid there thereby h our foreign debts and enhancing our credit reasoning looked hooked enough In August AUgURt 1873 1513 Wc do not believe In reechoing ev cv cry note that may bo ba sounded those days hut bul tim opinions of at Irish Fish amid tar Shaw inc 1110 entitled to lion antI they nil all counsel 1 to The rho surest WilY way b by which to 11 p 11 Is III to avoid illi Lion sure lIuro oon It IC It is III well to 10 ut the past n |
