| Show commercial CRISIS IN 1 ENGLAND LAND EVIDENCES OF DECAY while items of war news form the largest portion of the telegrams we receive from the east and are the most eagerly sought after by allwoo all ail who are arc interested te in our national struggle 0 and who is not occasional allusion is made to topics which under other circumstances would excite no inconsiderable degree of interest among the recent t telegrams we notice the announcement of heavy failures in the mercantile world in england and an intimation that that nation is passing 11 1 1 through what is technically called a commercial crisis seasons of bankruptcy and failure have coma come to be looked upon in england by a great many as periodical occurrences curren ces the arrival of bf which could be calculated with as much certainty as the return of a noted comet the causes have been known to a great extent and the results expected and hundreds have accumulated fortune fortunes 4 by carefully noting the progress of events in the commercial world and being prepared for the coming crises excessive competition has periodically glutted the market with manufactures of various kinds manufacturers manufacture is seeking 11 to outsell out sell each other and unwisely throw til rowing into the market more goods than the consumption demanded trade is thus forced up on a ili iii high h pressure p principle rii ril and when it reaches a certain point of inflation a collapse is sure followed by bankruptcy stagnation of trade and distress but the present crisis is by far the most significant of auy amy that england 11 has passed through for mary years its causes are different from those which generally produce extensive and heavy commercial failures it shows when carefully viewed liow how surely the s sayings ay iy of the prophets are being fulfilled that the power of the tile nations should waste away and distress and misery come upon them the london times congratulates the nation that their is no panic attending the present crisis crisi tile the very reasons which account for the absence ot of a panic are these those which should cause the greatest anxiety there them has brenno been no feverish excitement in trade no strenuous efforts to rush a market which produces a reaction by overstocking over stocking the opposite has hasbel bet ri theroso tle the cose coso A anal dons dods d rn assion I has bas itts itis mariu marked d the ta ie engleh manufactures fac tures sin e their supply ol 01 cotton was as cut offey off by the rebellion this thia nation hf has 4 h had id to contend with and though i u his him nis lili mili t A wic wie t re ille lile i 0 o ty t y elir lim lih lill capital isto to me illet t tile the evil emi by pro procuring curing lUring supplied iles liei frola froia every practicable soulee source they tiley have still suffered a great national calamity A elms elass of manufacturers in the cotto ii teale arale aloo ov f ap in a af pf between the world uk ing in lila liia man alii nill and the great wat kat capit capi capitalist ili til tiit tilt t his hin been almot swept away and thousands on thousands of thrifty nople adiong among the tile working classes have been pauper pauper ased the erzsl crish 3 of 1 37 37 57 which extended to this fornuy country fou nuy nus was wag apparently much moje mote alancin alarming in the extent of its failures yet it was not really so serious then bankrupt bankruptcies cles eles to tile the amount of fifteen millions sterling or in ili round dumbers numbers seventy nive live millions of dollars occurred in three months but the recuperation was wass speedy it was simply a reh rem reaction tion the assets of ortho the tho bankrupts in nine cases out of ten tell teil covered their liabilities only they could not make them available in time to meet tho the demands made upon them the london firm of mandlman San diman Sandim dandiman San diman tin co failed in ten millions of dollars but re business in a few weeks S almost os as brik as ever they had the mat mates rial their assets were wore equal to thel belr liabilities but they to the panic with which the commercial fra eternity were stricken theirs was not an isolated case other eminent firms were ere forced to act similarly now it is very different for tile the first time for many years england a while whilo enjoying what may comparatively be termed peace sees many of lier her merchant princes tumbling from bagh mercantile positions not because of some powerful itu I 1 but transient influence which over 1 wh whelmed elined them for tim the t almo ime being baing vat but through sheer inability to maintain their positions because they have been beez gradually weakened and their capital has melted from their hands Is not this significant 0 ED england edland t land has kept out of war with the unit united ed states has seen poland struggle vainly for re nationalization and kept aloof witnessed denmark that gave her what may be considered her future queen shorn of a portion of her dominions w without of dering offering assistance and all this tilis to preserve her internal prosperity her prestige is rapidly waning her statesmen are passing 0 away and zand she alle sees many of her eminent capitalists sinking in ruin she is powerful and wealthy with vast resources that cannot be easily nor vely very speedily exhausted but the evidences of decay are arc apparent she has suffered great internal distress and the clouds that darken the tilo political horizon of europe are too portentous and ominous for her to long keep from being lin im broiled in a t fierce and alid wasting 0 war the signs of the times indicate that the predict predicted od calamities are rapidly coming upon the nations of the earth |
