The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-05-22
Waiting for Better Times"
(From the New York Bulleun)

(From the New York Bulletin)
Apart from Q necessary suspension Of
extended speculations and enterprise In
seasons OF uncertainty, there Is the danger
Of industrial lcthsrgy. The business com,
munity of this country are gradually re-
covering from the effects Of last years
panic; but the improvement would prob
ably be quicker and moro pronounced
were not SO many Of US affected with the
waiting mood. Some people speak Of
the recuperative process, and wait before
undertaking anything till this rather i'm.
aginsry condition has been consummated
10 their satisfaction. The experience Of
foreign nations have lesson for M In
this respect, II we only knew how 10 sp-
ply 1t. When Russia emerged from the
Crimean war, It was the custom Of French
and Russian politicians 10 say, in speak
ing OF her, "el!e 20 TecueilLe, which might
be roughly translated that she wss en-
gagged In baudaging up her wounds and
trying TO gather fresh strength. France
Is now engaged In o similar operation,
but she understands very well that even
her military resources can only be In.
creased by an augmentation Of commerce
and industry.
How many fortunes accumulated dur
Ing the war have since been either Law
ishly squandered or been left to fritter
away, their former possessors waiting for
tho resumption Of specie payments, or
some other circumstance, rather than en-
gaging In business which might prove
more lucrative and substantial than thew
imagined. "Men dream and talk deal
Of better future times" says the German
poet, and even tho commercial mind has
its millennium. There can be no greater
misconception, however, than to imagine
that because the material resources Of q
country do not diminish there may not be
an actual impoverishment going on. Much
Of tho riches-especially the deyelopel
riches-ol country consists in the inter.
change Of values. A painter or an artist,
If he exerts bis talents, may earn Ger.
tain sum OF money, which, Indirectly, ia
80 much added to the public wealth; but
II he sits down and refuses to exert his
energies, the mere TACT OF his possessing
such faculties cannot be placed to the
credit side.
The full force Of this condition Of dis
trust Ia now seen In Austria, where, ac-
cording to the Neue Frete Press, poverty
Is increasing every day, and among ali
classes, When such state has been
reached, every day adds to the danger,
as Uncertain maladies where the body Is
less able every moment to resist at.
tack. Capital thus by degrees dwindles
away, and even long wars are far less pre. |
Judicial than this "dry ror In their effects |
upon the social and commercial condi- |
tion OF the country. The recuperatiye
force and gradual recovery schemes Of a
certain class Of thinkers is very attractive
on paper; but those who have money to
invest, and who see fair opportunity OF
obtaining reasonable profit on their out.
lay, would be wise not to wait til the
country has resumed its previous condi.
ton OF commercial prosperity. When
that time arrives there will be more com.
petitors in the field, and the-chances will
be proportiOnably diminishd.
In Continental Europe, where the al
most certainty OF another war ere long
extended speculations, there Is
reason for distIusttul feeling as to the
future. But with US the conditions are
wholly different, and 1t but remains 10
turn them to advantage. Caution Is GER
tainly necessary at all times, and 1t Is well |
also that risks be diminished as much as
is consistent with prospective success
but the Roman General who earned. his |
surname, 1t must be remembered, did not
remain entirely inactive. The Fabian
policy was TO wait only that 1t might
win, not for the sake Of the wait
ing. 1t finally led TO action and |
10 victory. Our country is favored with
oil the elements OF solid prosperity
The prospects oi abundant crops |
could not well be better, and, with our
commerce extending in almost every d.
rcction, there is nothing, certainly, but
encouragement in the future. < few
prominent interests exceptionally favored
by protection may be In a depressed con.
dition," as the phrase is land great care Is
taken to keep the country constantly in
formed OF the fact, but the great body of
the industries OF the country are pursuing
their way, earning, 1t Is true, not go much
money as before, but still obtaining fair
remuneration, which must increase with
time. The cry Of SurSum cordG Gift up
your hearts, Is good one to adopt at this
time, and ii acted upon in practice would
do much to obliterate the remembrances
even Of the September convulsion.