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The PArIc.-The Wall street papers still contl-
nue. to give accounts of the breaking up ofbusiness
arrangements, in consequence Of the defeat of Mr..
Clay, and additional improbable statements, with
the view of creating panic. If any manufactu-
rers have renquished intended enterprises, or any
capitalists, who had designed building factories,
have shrunk back, that only keeps the field clear
for existing establishments. But we know very
we'll that no sound, rational scheme has been aban-
doned in consequence OF the election. That result
gives new hopes and fresher energy rather than
the reverse. The prospects Of increased foreign
trade are brighter than ever, and many new ships
wldouDtess be laid on the stocks during the year
"Fancy stocks" may fall. but all legitimate
branches Of trade, finance, and commercial enter
prise in general, will not be affected one iota to
their hurt ; but will bound forward with greater
freedom and success now that the excitement is
over.


After the election of General Jackson, in 1882
similar attempt to create panic was made by Ger.
tain monied interests. It was set on foot by the
United States Bank, and ccncurred in by the wings
generally. But it only burned the fingers of the
very men concerned in it.