_ WASHINGTON: SATIRDAY .... February 27. 1875. ROSEY S. NOYES. Reading Matter on Every Page. Largest Cirenlatien in the Distriet About “the Mard Times.” The New Haven Chamber of Onnmere- has hac an address on a subject that comes home to us all—“the hard t > Our country has seen three great pani edit panic of 137, the curreney panic and the capital panic of 1873. The ts was discussed, and that to explain why times are hard. The speaker, Gen. F. A. Walker, who will be remembered here as the late Superinten of Census. combatted in the start the 1 that labor and capital are all that is necessary for the production of wealth. He mai: in an advanced in.ustrial society labor and capital instead of being partners in produc- tion, and sufficient of themselves unto pro- duction are both hired men of a third arty, the despot of industry on whom it Is mueh i t of the or Isbor, shall ection. voring men, antry bei was askel they know athelp t rannum, but, if ment. capi cannot go s induc er ate Ty ive changes, down to he Speaking roughly ntry was in Hquidation from 18 to 1849. It isa anestion whether o igh y Would not in a mmunity 2 Was wr It is doubtfal v in the pitiful attempts to save the > tra pieces, the Snot a loss to s time sy and cour pante of 1857 the mischief was not widely spreat, the established agencies of industry and trade were ad the o1 credit underwent 2 much fain: in B When the panic be ber, the country was in a far better condi- tion, mereantile credits were much shorter; the habits of business were markedly better, and the domestic expenditures of the people were more consistent » the revulsion, though sharp and severe, was brief in du- ration. The nation prompt ed off its oss and went to work with no great inter- ruption of labor. By the first shock of 175 the ontinary agencies of business were permanently im- paired to but a slight extent, and the per- sonnel of business underwent scarcely a per- ceptible change. The average term of mer- cantile credits was far short of w! it was in 1857. The habiis of business were far bet- ter. The banking institutions of the couatry for the first time in our history, constituted asystem of reasonable consistency and sol- idity, (looking at them only in their fane- tions of deposit and discount, not as manu- facturers of paper currency.) ¢ complete- ness and rapitity of communication by mail, telegraph and express, enabled each man, in bis exigency, to at on apw the worst and do the best. The capital that was immedi- ately affected by the catastrophe of Septem- n, in Septem- ber was, in the main, surplus capital, invested in what to the owner, outside speculations. greater portion of it was the ription of the Wealihy, out of the excessive profits of the ten years preceding. A portion was thee tribution of other classes, clergymen, widows and orpt Het out by advertising of family weeklic ns. vigorous ital inve tile capital. The commercial classes greatly embarrassed, paid out mic terest a the real confined tospeculative industrial enterprise: railroads chiefly, which hal been undertaken virtue of lying and the gullibility made wantet hy 2 fh 48 pros- perity and suffering s of paper money. With these went some b banking houses. ut the bankrup! of banking institutions was less than | per cent of the whole number in tmsiness. and most of those that failed were Small houses which had been running whindhand in previous time and whose weakness was not die to the bard limes. Very few first-class houses went sown nic. by the panic during was comparatively slight: our natural ree: abund: nati temper eiastic. Why then, is there not a revival « business? One cause of the continuance of ihe hard times is the state of but this is not the principal c ; todoubt. thateven wit ency, We may again sce labor as mployed as in 186, the years fo! the was certainly no rrenc nnow. The polities! condition of the South, interfering with trade and pro- duetion, has also something to do with the continuance of the hard times. i another cause of this continuance of the hard fact that a change is in xpenditare times, is found in ub progress in the hat swong our people that ten or twelve yearsago, the throughout the North and West, and especi- ally in the eastern states rapid and wide extenston of laxurious expense. Much of this ts of persona It is 3 came from wealth which should have been added to the improvements of the country and most of this expenditure took the form of whatever was vulgar, loud, ' ming then to what he € auUse called the chief the continuance of the hard times, Prof. Walker strongly urged the necessity of a fllof money wages and in the price of many kinds of goods, and argued that con- sumption cannot increase till there is sueh a fal. He stated at some length the formerly received theory that labor and wages would adapt themselves to each other, and com- batted it by illustrations of actual cases. The source of relief was thus stated: “After along pondering of the question, and the widest survey I have been able to command of the fleid of American industry, with care- tl comperison of prices and wages at suc- cessive periods between 1869 and the present time, I am constrained to say that I do not believe a fall of wages in many departments of industry can be avoided.” By this fall these workmen who have hitherto suffered | Most Will reap the most advantage. By “‘ne- eessity for a fall of wages” is meant that consumption of some articles will not re- vive. The present half-time or three-quar- ters time, on which so:ne mills are running, is this reduction practically and should be so recognized, and by this reduced production the glutted market is cleared. The position is that the market for labor should be met, but, on the matter of reduction, every trade stubbornly resists. No one can say thata fall must take piace in such or ueh industry ai such or such per cent., nor «wm any one overcome the prejitiices against » duetion. Each class will hold out as long s- ‘tean and will break rather than bend. ibe conelusion is that reduction must be » ate tentatively and the problem must \ ork itself out by actual experience. tained that | esque | rse and | D SALE. . OO F-GRAND LODGE —4 special Ww y | CS fering itl bell THIS EVENING a | ANTS. | FOR RENT AND SALE. | ake arrangements for the fanarales : = —— - Ranaut of Guise Leder | QYANTED—To Bry ENT—Two RUG) KITCHEN. unfar . Soe Ae Bocce iey Loder, end P. Ge! aE ati ioe: Sees tee isi tose; | Ae PR Gr Sec_ | WY ASTED—A COLORED WOMAN as ook ani % 92° I strovt vorthwnet CNET WERS OF UNION LODGE: Inatdress. Must have good recominenda' ions ly furni 1, £0. O. B.. are hereby notified to meet a m THIS EVENING, February “arrangements for the fune Apply at 981 Eatroct northwest. ANTEO—COPIESAND TH NS in the French, German, and English langaag” r dg m F h RENT—STORF 7 Wnaouee ess Ato. any Kind of accowats ade with promptacs BY ‘gran ‘oriher notified to amembls in | srd_at fensonatl crmanent empl rr erat © rom on SUNDAY APTEBNOON, at 1 prefer oe Speen | Scigeiene preferred. Addrews © L..Star Office. feb&7-3:* tio thy D heights the sbi tae 7 'N = | 7 umediately—Families to call and TOR E ” ETIN ; LAND.P. no We ost from alarge number of frst cla SER i cova eee aD Special meeting of Mi ANTS. both white vids. 0 N¥NOPNCAMEMENT, No. 6, will be held | housework, at the Bi ‘oftice, toffice, 915 EVENING, at lock to make arrang: ts for the furetal of P_C P.Joun L.Ciuse. | THOMAS W. FOWBER, Feri RAV. HARVEY APPLETON—Morning, in E-street Church. near 6th street; afternoon, in Lincoin Hall, on “Christ's Humaneness.” It" | F street. locaton aud leasonable term west SOR ‘es EMPLOYMENT. RENT—Desira Content EN HURCH, corner of @ vith moderate salary. Good references. Address | # contain’ng x TO MORROW. Sermon by the pastor, Rey Freo JANTED—A WOMAN to cook, wash and icon. | | eRte Hixe rY ntire HOUSE. (corner tih aud O daterios, wit d fe Inquire 1501 5th 6th street northwest, be'we-n the | V r 7B RENT—One tw. story BRICK HOUS — oe oe iy olnining six roome and ut suiomer kite Se every tiem: on Sth atreet. between P at TSP NNT Se, METHOOIST PRoTRSTANT Wer be nN | weet. Inquire 403 fen ateost meee hone Sey CHURCH —Sth, above E street northwest — | 922 7th street £025 7° SOE RENTS | (aces S cerceee eee Co cere ROReCe, Wem renin § ATESUA DIES | I 1219 12) street: between Rhode 1 ay.) Bebee i. pr a None bnt the sery best need apply. &. Qstreet. Apple to JOH go rt ll LER. 715 Market Spac 1520 Mth treet northvnst . rT FRRVICES AT WILLAR TANTED—A first cline RENT—Tv on a Og eae, V hand fron in a small family unfiirnished, on the see Bev. Dr. WesayW. BetLows, of New Yorke witi | ‘Pee, at No. B00 L stree: northwest. panes, pe one actin cna | Bisseh. Sabyectmorning. ° The Common. ~aith.” WANTEE-A Gi te ae nro asa heiwe Evening: “The Unitarian Faith of To Day.” Con ¢ r set teational singing meeting at 7% p.m. Seateall | Wa: hincton ‘The public cordin rarer ORME fnvit wired well honse rration. ¢ to Pi best reo: mm F street fio ote ; : ae Apply at 1832 iy Sermon by the vived Praver public generali ANTID—A we @ SERVANT, fo # ROE VIC attend and WIFE t ; " vo RENT—NOUSE con’ mes hie hen and cellar, which n | Brecery store st with a priva alley. at a AM NOT LT B street. hetw reliable TE north ANT fi at" Own, one square full morning « Rout only Tries and sermon at 7:3) p Apply n and Rey. N. BR. Boss will offi Boorgetown orvic MPLOYME ONAKY SNNIVERSARY—WALGH under CHURCH, 20th instant.—Proaching Rew GD Cangow. D.D., formerly tnatur Americ: sel riety y ‘Goveram nm TSP THERe SIU Ge A TERTAINMENTS @ of the Stewards of Union Hall on M street. for the benef the ev M MONDAY EVE uidi=nce will bo enter ed by the following emineut and talented speak er—Hor. JouN W. LaNastox, subject, the Pulpit Orator: Hon. R.W. Cars. MoO, D-A. STRARER: | Iyect, Our Great Nev EVENING, 1 Pleasing and instr with instrume ntal WE hortlicast. te ments: £50 each in @ private family where there are ts. for a young man who is anxious ife for home 3 if with a vicinity wher Is t it workin: Fer ex second Hl light honsokee northeast. f. and beautiful Tab ive, and accompa LE GAR- need ap feb25-3t" Sater Grand Prowonade, ‘compe 415 [street northw: will he in attendance. ainments will be intersperse1 with the Choir SON DEMOCRATIO © S will meet at Sengerbund Wall, corn streets.on TUESDAY EVENING, V with refere ANTED—To rent, for W >, Water and gas; N own. Apply nest di six months, with the FoR ReENT—< thre stry BIOK F yi rivilege of a year, an IMPROVED PROP sowmes aind store, for $4 a month. at N 9 Whee 8° fanw we Ke ERTY. witha falles of the city, oF else on the | 7th street heteeere Ae So Meet + = = IN B. NORRIS. Pree B.& O or Metre pelitan railroads e 1134 7th street, b sts, ‘ETO OWNERS OF REAL ES: | febossw DOWNMAN & GREEN, 412 7th Sta Ste feba7-3t Owing to the depressed state of the Dry Goote A A Address with stamp, for information, MADAME | Market we have been able to purchase for cash @ DURENEK, Po. Otfice Box 105, — D. | large stock of c. febS-Im* COTTONS CHRVOYAN, exceedingly low, and now offer them at a slight a4- ance on manufacturcr's prices. We qnote— er wages pe consulted at | New York Mills 4-4 Bioac Gottous, i? cents, her Rooms, No. 1205 ¥ 'strest. Ste can tell first | ¥ ‘ Ec. names of persons and ages, Law Suits and Mar = ae Finges. “She Urings back abseil fricads and makes H arriagess "The Madam is aiso a female Doctress. She cures all female isranes: also,” Paralysis and “heute eit eatistactio ‘asked. “Ee-NoGenteace. arene BF-Fee, One Dollar. feb3-1m* the Com AND SEE HATTIE J. FRENCH, celebrated reliable Medical and Business (tair- yoyant, 725 lithatreet, betwoen G and H northwest. Examinations and consultations daily. Terms $1 and §2_ Nervous Diseases treated mtly Seances Tuesday eventug at 73 o'clock. janll-éw* AStROLCerY. ) Cottons 15 cents sg cents Up. Anda tull line of the best maxes Meached ana Ua- dieached Cottons at prices that cauot be best Best make Paper Carbric, 8 cem 1 Butten Paris Kid, 6 cent«.2 Button, @1,3 Batton, full length, tn party and street colors, $1.38. BRODHEAD & CO. 1205 F street, between Ith and janié-tr PIANOS, &c. MADAME BOSS. ‘This celebrated Lady Aareoget and Hesiing Me. dium can be consulted at No. 201 D street, corner of 2d, northwest. She has no superior ia delineating the Past, Present, and Future. In love or bnsiness her advice is invaluabie, describing your friends, pointing out your enemies, and iuferming you of the HE COLIBRI (HUMMING BIRD) PIANO — The neatest and «mallest first-ch a he | WILD & BROS., Sole Ageuts, 723° Tth' tion strlotiy’ confidential. “adic gi gations, Liwest, hal P. lon le |, gontl oD, treet northwest, half squ: abo dent Offic $150. ivy "| Pianos and cther Instruments faithfully tabeh ood repaired. Pianos for rent feb3 tr SPLENDID STOCK—The world renowned Pig Rite mare NOS! We acta MMON'S Oelcbesen eA ; T-ockaves, ON toned. COAL AND WOOD 500 CoBPs woop, i ae i (Well eeasoned,) NOS, 7-octa full Fog cate and apy For sale to dealers. poate 423 Ith st above Pemae aeie ATLEE’S Wharf, _ian36-tr___ Foot of 6th street, Potomac River. HOTELS. CoaL, WOOD AND WESTMINSTER HOTEL, o, OS THE E iP BUILDING MATERIALS. Corner of Ir ‘Piece’ a ieth street, 7 hare almeys on, hand e large end sorted, stock Union Square, the mest cen- of TTHRACITE and Bi’ US OO; tral yet quiet lecation tr the io the tmm-diate Tune Chere Huth oly MOOD ethcheo | Fy Tal i cp ps ured suraean caMeagcan cierteprmrag’ | Eeyore saline ads mom TERS, and y many willions of BAN- | _ feb4- CHAS. B. FERRIN, Propristor GOR LATHS, lam ion to fl oxders of any ‘SONS HOTEL. character in my line with dirpateh. axl H* vos OC STREET. wholesale and retail, upon terms that defy compe- KTWEEN 7TH and StH Steere, “Central 2: | ——<— Wharf Boot of sa surest | Wpseeins eeeeeers. oct3lly WM. GUINAND. | ALL THE NEWEST PATTERNS IN COAL! COAL! WOOD! WOOD! | FANCY SILVER Ware, PARIS AND VIENNA, — FANCY GOODS, &c., JOHNSON BROTHER: WHOLESALE AND HETAIL DEALERS, | DESIGNED yon waneue CARGOES OF COAL AND WOOD ARKIVING | janter M. W. GALT, BRO. & co. patest ELASTIC CRUTCH, THE BEST IN USE.

Evening Star dated February 27, 1875

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