THE FARMER S WAR AGAINST MONOPOLIES. 



185 



causes have been operating in favor of the bears. 

 Every failure of a moneyed institution, every defalca- 

 tion, every protested 

 note of magnitude 

 gives additional impe- 

 tus to the downward 

 course of prices. Con- 

 servative men stand 

 aloof, while so much 

 danger surrounds the 

 centres of business. 

 The banks are hold- 

 ing their money fast 

 for their own protec- 

 tion, and next for that 

 of legitimate trade, 

 that the whole busi- 

 ness of the country 

 may not be demoral- 

 ized for the sake of a 

 few wildcat railroads 

 and wildcat bankers 

 who lend their name 

 or their cash by the 

 million to companies 

 that have no imme- 

 diate resources. As 

 we have before stated, 

 it will require the ut- 

 most caution on the 

 part of our leading 

 capitalists and heavy security owners to avert a panic, 

 and perhaps a crash like that of 1857. The minds of 



NEW YOHK STOCK EXCHANGE. 



