THE "PANIC" MOVEMENT GIVEN UP.
{"newspaper_name": "The daily union.", "edition": "01", "page": "p3", "byline": ""}
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What will be the next pretex4 The Baltimore
Patriot has at last discovered that the business of
the country is going on much as usual, notwlth-
standing the change of the tariff law This fact so
contrary to all the whg predictions, is of course to
be accounted for. The Patriot, therefore, after an
amusingly imaginative description of the spasmOdlc
cry of "ruin" which the whig politicians started
even before the new tariff became law, proceeds to
explain the subsequent course of public sentiment
as follows;


'The sensation among the people, at first caused
by the abrogaton of the tariff of l542, has therefore
given place to a feeling Of manly resolution. We
do not hear then, those cries Of disress hose wall
lngs of rum those apprehensions OF universal pros
tration Of trade and enterprise, which every one
foresees must result from the operation Of the anti
protective tariff that Mr.. Polk has inflicted upon the
country, because the people hare resolved, IN Their
iainds thai The bill shall be repealed.


"With this feeling, men OF business go on with
their operations almost if Congress had not dis
turbed the tariff They do not, il Is true, engage IN
enterprises but they pursue their old Ones as If
confident that the evil work OF Congress will be I'M
done in time to save what it now threatens with des-
uuction. Here and there a mandatory may be
stopped and the fires which were about to be lighted
in a new furnace are allowed to moulder and go out
But things 90 on much they we're going on; the
laborer is not yet idle and the industrious have still
something for their hands to do"


Here is whig philosophy with vengeance. The
new tariff will break up business in the country
quite surely. Every one foresees this. Yet men Of
business conclude that they may as well 60 on for
some four years in their various operations in the hope,
and under the resolve that the tariff shall be repeal
ed some time in the course Of the year 1850. That
is the very earliest period at which any man OF bus-
ness can deem the repeal of the present tariff even
possibility. Yet we have here the authority OF
the Baltimore Patriot for saying that, during the in
tervenng four years. business is to go on as if moth
ing had happened. This being the case, even on
the showing of the whig journal itself, we cannot but
consider the conclusion which the Patriot derives
from it to be entirely logical That journal is quite
right in saying that the friends of the administration
do see in such "quiescent" state of things very
ample proof "that the people are content with what
Congress has done"