1.
June 28, 1877
The Dallas Daily Herald
Dallas, TX
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Familiar With Failures. Nashville American : The country is coming to be so familiar with mercantile failures that the collapse of the St. Louis National Bank does not create that profound sensation which might have followed the announcem under other circumstances. Since the panic of 1873 failures have been as common as grasshoppers and potato bugs, While it would seem reasonable that four years subsequent to the panic of 1873 would embrace a period sufficient to outlive the, effects of that disastrous year, it will not be forgotten that the financial policy of the government from which that panic was the legitimate outgrowth has not been charged, but still afflicts the country in a sort of chronic form. The shrinkjuge of values which has brought financial ruin upon so many businesses and produced such general commercial stagnation, is given as the attributable cause of the St. Louis failure. A policy at war with the trade interests of the people continue to produce its legitimate fruit.
2.
June 30, 1877
The Dallas Weekly Herald
Dallas, TX
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# Familiar With Failures.
Nashville American: The country is coming to be so familiar with mercantile failures that the collapse of the St. Louis National Bank does not create that profound sensation which might have followed the announcement under other circumstances. Since the panic of 1873 failures have been as common as grasshoppers and potato bugs. While it would seem reasonable that four years subsequent to the panic of 1873 would embrace a period sufficient to outlive the effects of that disastrous year, it will not be forgotten that the financial policy of the government from which that panic was the legitimate outgrowth has not been charged, but still afflicts the country in a sort of chronic form. The shrinkage of values which has brought financial ruin upon so many businesses and produced such general commercial stagnation, is given as the attributable cause of the St. Louis failure. A policy at war with the trade interests of the people continue to produce its legitimate fruit.