The Depression Of 1884

When the North Node moved into Scorpio, May 19, 1882, the Business Cycle Chart indicated that business conditions were passing through a transition period which would last until June 22, 1885, corresponding with the time taken for the passage of the North Node through the signs of Scorpio and Libra, transition signs on the Business Cycle Chart. The normal trend of business volume following this transition period was from "nor* mal to high" if no unfavorable secondary factors were present to distort the Curve below the normal or transition point During the Depression of 1884, business volume decreased to 13 points below normal; therefore, one or more unfavorable secondary factors must have been present during this period.

Saturn and Neptune in conjunction in Taurus were moving in opposition (180 degrees) to the North Node in Scorpio in December, 1882, and January, 1883, and these factors precipitated the drop in the Curve which went from nine points above normal to three points above normal by the end of August.

On May 24, 1883, the price depressing planet Saturn moved

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into the sign of Gemini which governs the United States. This unfavorable secondary factor always affects business conditions adversely when it transits the signs ruling the United States.

Saturn has passed through the sign of Gemini three times since 1850 and each time the United States has suffered under-depressed business conditions and hard times. The Business Curve moved downward during the summer and fall of 1883 under this influence. By December the Curve was standing at four points below normal.

On December 7, 1883, the North Node moved into Libra. The Business Cycle Chart indicates that the normal position of the business activity Curve should be slightly above normal due to the fact the sign of Libra is slightly above Scorpio,,which is the sign representing the normal point in this system of forecasting the trend of business. Favorable and unfavorable secondary factors, it has been found, can distort the curve from its logical and correct position by as much as 20% depending on the strength of the secondary factor or combination of factors involved. Saturn required two and one-half years to transit a sign and its passage through Gemini should correspond with a two and one-half year period of depressed business conditions for this country. This is the case as can readily be seen by reference to the diagram of this depression.

Rail and Industrial stocks declined in price during all of 1884. Another unfavorable secondary factor came into play during the summer when Saturn in Gemini formed a square aspect (90 degrees) with Uranus in Virgo. The effects of this aspect were felt through the spring of 1886.

On April 30, 1884, J. R. Keene failed. This started the crash. The lunation of April 25,1884, fell in 5 degrees Taurus in square aspect (90 degrees) to Mars, one of the rulers of the mid-heaven of the Chart of the New York Stock Exchange. Mars was in 11 degrees Leo. When the Sun had moved to 10 degrees Taurus on April 30, which made the aspect less than a degree from being exact, and the Moon was in Cancer passing over the ascendant of the Exchange Chart, the panic started.

On May 6, 1884, Grant and Ward, as well as Marine National Bank, failed At this time the Sun was in 15 degrees Taurus in exact square aspect (90 degrees) to Mars in 15 degrees Leo with the Moon in Libra, the sign on the lowest point of the New York Stock Exchange Chart. A money panic occurred on May 12th and 13th, followed on the 14th by the issuance of Clearing House Certificates. Fisk and Hatch and the Metropolitan Bank of New York failed May 15, 1884. On May 12th and 13th— the days of the money panic—the Sun was in conjunction with Neptune, the other ruler of the mid-heaven of the Exchange Chart, and the Sun and Neptune were in square aspect to Mars, while Mars and Neptune the two rulers of the mid-heaven of the New York Stock Exchange Chart were in square aspect to each other while the Moon was in opposition aspert (180 degrees) to Saturn in Gemini. This series of unfavorable secondary factors clearly indicated the financial trouble of this period.

It is a noticeable fact that the Moon is usually in one of the angles of the New York Stock Exchange Chart when a panic or slump occurs. If the lunation indicates a change in the trend of the Stock Market for the following month, watch carefully for the days when the Moon passes through Aries, Cancer, Libra and Capricorn. The drop usually will occur on one of these days.

During the summer and fall of 1884, the unfavorable secondary factory, Saturn in Gemini square Uranus in Virgo, was so close that business volume shrank leaving the Business Curve standing at 13 points below normal by January of 1885. The force of this unfavorable aspect was felt throughout the spring and summer of 1885.

On June 25, 1885, the North Node moved into the sign of Virgo, indicating that the natural position of the Business Curve should be above normal, if it were not distorted by an unfavorable secondary factor. The influence of the Saturn-Uranus square aspect began to lessen during November and December, 1885, and by the end of the year the Business Curve had moved upward six points.

Tht Business Curve continued its climb through the spring of

1886 and by June had moved to four points above normal This was a nine point rise in business activity in six months. This rise continued throughout the year and reached 11 points above normal by March, 1887,

On January 13, 1887, the North Node moved into Leo, the sign on the high point of the Business Cycle Chart where it remained through July 30, 1888. This indicated that business volume and activity should be at a high level, at least 10 to 13 points above normal, if there were no unfavorable secondary factors present to distort the Curve. However, Saturn and Uranus were within eight degrees of each other and moved closer through July, 1887. The Business Curve correspondingly dropped from eleven to two points above normal during this period.

On August 19, 1887, Saturn moved into Leo, and for three months was within slight orb of a very favorable or trine (120 degrees) aspect with Uranus. The Business Curve rose six points, dropping in December as Saturn and Uranus moved out of orb. At the same time the depressing planet Saturn moved within orb of a conjunction with the North Node, which governs business conditions. This immediately turned the Business Curve downward through July, 1888. There was a drop in business volume from seven points above normal to two points below normal or the Business Curve turned downward nine points altogether.

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