Reaction From Extravagance

From the N ï. Times. The peoplo were !cd into all eoits of extiavagcuecs by tlie war. They acoumulaied money easüy omi iucreased their expenses in proportion. JSverything fait l!:o intlueDce of llie prevaleut iuflutifin. Stocks of all kinds roso to ridiculouB figures, and tho managers pnrtioipated in the general harvest. The íesult was that when the rc.iclioD came, the country experienced a corresponding depresèion, and, liko a porson añer a fe vit, needsd etrong tonios. Unfortunately thoy wore not provided with these tomes, and a geueral prostration has been the result. Merchants who imagined that they had becorae rich iu the risü f prices, have lost their eupposed irains by the fall. Landiorcis who had put ihoir rcrits at exlravagant figures, and had calculated their incoinog aoeordirgly. duw Gnd llieir tenements empty on their hands, while tenants who yielded to tho exaotion wheo their proöts weiO large, now find tiiemselves drivn to cheaper prciuises, or foroed to quit business iihoiicther. Iu the g neral un-ei tainty and disgust, CH[iital is hoarded, and legitímate eiiterpriso Innguishes.' It is always disagreeable lo retr?oo one's step in busiuesp, or to retrench aud build unew, but the work must be done. We have to get back to legitímate ways of doing businefS, and lo pri ces based upon actual values The procesa will be painful, but it will, at luast, ba hcilthy , and tbis OOtusidftioii niay perhaps help to recoucile tho public to it.