, 1873-10-04
NOTES AND OPINION.

It is exceedingly desirable that thoro should
bo an end Of all undue expansion, that tho liqui-
dation OF indebtedness should ho encouraged,
nnd that speculative enterprises should romain
unassBtod, but tho legitimate business Of the
country has tho most unloubted claims for am
plo did. and has manfu1ly stood by the banks,
and it il now time that there WAS reciprocity Of
conadonce.-Detroit (1fich.) Tribune.
80 There aro men in this town who are in
favor of tho Government setting Jay Cooke On
Ills spius again." said citizen Of Kowaneo to
us the other day, because ho has done 30
cannot @ M sec What soryico o has rendered tho Gov
ernmont tllat he Inns not been vol paid for. There
aro probably thousands Of meu, cquRlay capable,
who would have been glad to perform the Bame
service for loss compensation than he received.
-Ee.panec (IN) INDEPENDENT.
If tho Now York commercial journals arc to
TO credited, the businessmen of Now York have
not very high opinion OF tho financial capacity
or sagacity Of tho Administration, ae formed
from tho experience Of the present crisis They
allcgo that tho Administration has steadily OPP
posed those financial reforms which would havo
rendered such storm impossible; and TINT
then. when it waa evidently impending. and
threatening general bankruptcy: those measures
OF roliof wero rof,,sea which 1t had previously
employed in emergencies not tythe 10 grayo in
their character. Both tho Daily BuLelin and
United States Economist speak vo1y strongly
on the oct.-PortlaMd (M..) argus.
mont iS Of tie ' Credit hIob{ior swinilo md tie
Northern Paclfio explosion could hayo shaken
some people out Of their infatuated 1ovo for
snbaidy-giying as policy Of Government. It was
tlie old delnslon Of strong, central % protecting
achonleB under its wings, and be eyerybodys
parent and benefactor. At tho very bast such
'i maHos tue sovornoa o laan too maeh on tic
Government, instead Of using their own
practice, as wo llave aeon It illustrated Of
late, thia is the least Of tho evils that subsidieA
produce. They not only mako people too do.
pendent on the Government and too distru8tful
Of themselves, but they are the occas!ons of cor
turos and they rob tho peoplo.-Ne'o rork Jour-
-Whatoycr tho Pennsylvania farmers may
think, our farmers moro or less Hkeptioal oil
port tho theories Of protectonsts that, owing
TO Homo inoxp!ica1lo peryorslty III hunaan af-
fairs, tho high prico for all tho farmer buys
follows tho high tariff; but tho homo
market Ia myth, mud tho advance prices for
agricultural products that were 20 confidently
inyarinblo the farmer givoh moro for all he
buys, but gots no moro for what Ao solls and
therefore prays that he ntay mot be 'protoctol n
after this curious fashion my moro.-foad dt
Lao Wis.) Commonwealth.
-Tho receut financial dIaaster WIS causod by
sovero aud protractod attAok of new railways,
and ontorprBes Of this description will DO looked
upon with distruAt ind handled very cautiously
down Jav Cooke / Co., tlo Chesapeake i Ohio
sunk Fisk Il Hatch, tho Canada Southern proved
too heavy load Tor Kenyon, Cox q Co.. aud tue
| New York Midland Inn severely crippled most Of
the towns along ita limo. With the fate Of these
Tho faca canftA1Atn will bn careful III tho future