The Panic Of 1857

In June of 1854 the North Node passed in Taurus, which indicated that the Economic Curve of business was now moving slowly from Normal to "Below Normal." The period of passing through the signs of Taurus and Aries was a Transition Period and marks the years from 1854 to 1857 as a Transition Era, despite the fact that business volume was 10 points above Normal during the middle of 1856. This was due to the presence of a favorable secondary factor, Jupiter in Pisces. Pisces is the sign which governs the topmost point on the chart of the New York Stock Exchange and shows business conditions at large. Jupiter was also in conjunction with the North Node and with Neptune, the planetary ruler of Pisces. The combination of these factors showed the above normal business activity during 1856. Stocks were up and business was very good.

In February, 1857, Saturn was square the North Node, although Jupiter was in conjunction with it. This caused a drop of three points in Business volume and as Saturn was in Cancer

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during all of 1837 it was passing over the Ascendant of the chart of the New York Stock Exchange, a critical point for showing action on the New York Stock Exchange* Stock prices dropped all spring and summer and business volume shrank during this period culminating in the fall in a sharp drop which carried business volume thirteen points below Normal. This was known as the Panic of 1357. Economists attribute this Panic to over development in the West and excessive railroad construction during this period. The Panic was clearly shown, however, by the fact that the lunation (conjunction of the Sun and Moon every twenty-eight days) for September fell in 25 degrees Virgo in exact opposition to the Mid-heaven of the New York Stock Exchange and in exact opposition to the North Node, and Neptune also, in the Mid-heaven of this Chart in 27 and 21 degrees of Pisces respectively.

Referring to the Business Cycle Chart, it is easy to see that Pisces is the sign next to the lowest for business activity and prices, and that the Business Curve was now "Below Normal."

The effects of the Panic of 1857 was felt throughout 1858 with business volume from ten to six points below normal.

In February, 1859, the North Node moved into the sign of Aquarius, which is the sign on the lowest point of the Business Cycle Chart. This indicates that the Business Curve was at its lowest point with prices below normal. However, a glance at the graph depicting business volume for the period shows that business hovered from two points above normal to two points below normal in activity; therefore, some strong secondary factor must have been present which indicated that prices and business volume were up to normal This was the condition present during 1859, and it was depicted by Saturn in Leo sextile Uranus in Gemini. It was during this time that the Atlantic submarine cable was laid.

This aspect came into force in August, 1858 and pointed to a rise in business volume from the lows of the Panic of 1857, This aspect was effective throughout 1859 and indicated that business activity would reach normal.

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Neptune, which is one of the planetary rulers ot sigbificators, of the New York Stock Exchange, was in 28 degrees Pisces, the mid-heaven of the New York Stock Exchange Chart during I860 and trine Jupiter in Cancer on the Ascendant of the Chart. The ascendant and mid-heaven are two of the most important angles of the Chart in relation to stock market trends and general business activity* Since this aspect was favorable, it pointed to a rise in business generally. The business curve rose five points above normal through July» 1860. This was the high point of this secondary trend as Saturn moved into Virgo August 26,

1860, and in this position was approaching a square aspect with Uranus. This was a signal that the trend had changed and that the averages of stocks were going down and business activity with it.

THE SECESSION DEPRESSION

Prices dropped steadily on through the fall of I860 and through the spring and summer of 1861 as indicated by the culmination of a square aspect between Saturn in Virgo and Uranus in Gemini.

On the Business Cycle Chart, the Node had moved into Capricorn August 31, I860, and remained in this sign through

1861, passing into Sagittarius March 19, 1862. The cycle of the North Node from Aquarius, the Low pointjto Scorpio, the Normal point, indicated that business activity was below Normal going to Normal, during this period and with the passing of the secondary factors of an unfavorable nature, business would rapidly go bade to Normal.

South Carolina seceded from the Union on December 20, I860, and the crash came which was followed by a slump in business, a drop in commodity prices and a panic in rail issues. This financial crisis of I860 and 1861 was the most severe crisis from a business failure standpoint that this country has ever had, but the depression did not last long because of the business activity stimulated by the Civil War, and other industrial activity, which brought higher prices.

No major planet has ever passed over the mid-heaven of the New York Stock Exchange or in opposition to it without indicat* ing a change in the major trend of business and stock market prices. This was indicated during the Secession Depression by the passage of Neptune over the mid-heaven of the New York Exchange Chart. During 1861 with business activity 11 points below normal Saturn and Jupiter were in conjunction in Virgo in opposition to Neptune in Pisces on the mid-heaven of the New York Stock Exchange Chart, These indicators pointed out the coming slump in business and when these aspects moved away from each other, it was an indication that business had turned upward again. Thus it is seen that two sets of secondary factors pointed to the business recession mentioned above. It is significant that Railroad shares had a slump in prices when so many prominent Rails have important planets in the sign of Pisces. Jupiter in conjunction with Saturn in opposition to Neptune square to Uranus indicated the unfavorable conditions affecting Rail issues.

When Jupiter moved into Libra August 25, 1862, the bottom of the Depression had been reached and slowly prices and business activity began to improve and the Curve moved upward. The North Node was in Sagittarius, which indicated on the Business Cycle Chart that the Curve should be a little below Normal, if there were no secondary factors present to distott it either way. In October of 1862 both Saturn and Jupiter had moved into Libra, a position which was just the reverse of the preceding indications of lower prices, and it was easy to see from these favorable indicators that business activity should revert to Normal during 1863, especially since the North Node had moved very near to the sign of Scorpio, which represents Normal levels on the Business Cycle Chart.

Jupiter in Libra was trine Uranus in Gemini most of 1863 and this good secondary factor increased prices and the Business Curve went four points above Normal. In the late fall Mars moved into Libra, and since Libra is a transition sign for all planets on the Business Cycle Chart, and Mars is generally an jc«/ or stxr/#£&s volvm*

Uranus Into Taurus

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adverse planet when using this method of studying the Business Curve, a slight dip in business activity took place during December*

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