The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1875-07-02

| Nioir bouy VI lii'ih VIII fdpiulS utpFt
ciate, and will keep on deDr-eia.ing un
I'll stopped 10y contraction, with all it.
| inSeparabls disaster.
TOO MUCH ECONOMY.
As people, we are very apt TO carry
our virtues as well as our vices somewhat
too far, and when We do a good thing
We usually Overdo it. 1t is emphatically
80 just now with our practice Of the vir,
tue of economy. During the few years
which preceded the panic Of 1913 we
We're, as II people, living too eXtrava-
gantly. Nobody thought scat the time,
but everybody saw it when it was too
late to avert the crisis which had been
brought about by over trading and over
expansion. Then Il great cry went up:
''We have been living TOO fast; we must
economic )" and forthwith economy
became fashionable. But while econ
Omy is a very good thing, it is pos
sible to carry it great deal too far,
and this we have done and are doing.
Just now industry and commerce are
waiting to resume their wOntcd activity
until the people of the country shall
have had all the economy they care
about. When it ceases to be fashion
able TO ecOnomize, we shall see trade
revive, and the busy wheels of indus
try will once more revolve merrily, fill
ing the land with their glad music.
We heard a conversation a few days
ago which will bear repeating. a gen
tleman of large wealth, who has not
been able To- spend his income at any
time within the past ten years, said TO All
officer of bank in which he kept an ac-
count, 81 have saved Il hundred dol
lars to-day" ''IIow?" asked the banker.
''By not buying something that should
have bought years ago ''lOu DO not
need to economic, said the banker. 'No,
probably not" answered tAe capitalist,
''but l consider L the duty of every man
IN such .i,nes as these, to set the exam
pie of economy. We have been living
too fast, and until we come To hard
pan, and learn to limit our wants to our
necessities, We cannot expect to be thrift
ty and prosperous "Sir,' replied the
banker, lin such times a. these | con
slider it the duty of every man situated
aS you are to be eNtravagant To the limit
and courage are needed to quicken trade
and stimulate production, hat 50 long
as such men as you, with millions at
command, are trying t. save and hoard,
no man Of limited means dare venture
to be liberal, or lac would BE- distrusted
at ouUa. gGe pest possible use you
could make of your money would DE to
spend hundred tllon.and dollars with
III the psyt SIX months without having
any thing to SHOW for il, and place u
million more in n dozen or twenty diFer-
ent enterprises which pramiee we'll as in
vestments. 1t IS yogr iuty t"becxtrtv-
asant, puiA goa see confidence restored
and the country once more prosperous
AMI progressing"
There was much in the remarks oC the
very practical banker !u command
thoughtful attention. Economy has serv-
ed II good purpose, but we can now aG-
ford 10 disregard those Penny-wise max
inns which We have Of late 80 studiously
committed To memory. Ever since the
panic we have been at work reducing
the amount Of oar indebtedness, and
hUGi.,ey5 Is ROW conducted upon a sound
er and more substantial hdsis than at
any time Within the recollection of the
present pvneration OF business men. We
ara all really for Il ''new departure in
the direction Of prosperity and progress,
aud when confidence is restored and
consumption resumed on II liberal scale.
We shall probably find that there has
never been any real occasion t0r carry
ing the process cf contracting as f;u as
we have aremed 10 consider Necessary.
i,conomy in all departments Of Produc-
ton, with consequent clIeapness, and
molerate profits TO producers and deal
ers, are essential to the public welfare,
but the kind Of economy We have pIae-
ticed during the past twu years and
half, which consists sn deny ing ourselves
ooa,foTts ana tuxurirs whi"iI we can well
afford, PnstpoRin.; works and improve
uents which ought to br undertaken,
and looking distrustfully on everything,
when confidence and courage are ueed-
ed to rcaSsurr the iitull &ud Strengthen
the week kupr,,. .,sr.. no good TO any
body, us.i ,,nIy I.t.ipngs the paralysis of
our pTodnciive and distributive indus
tries. iron lye
HOWEVER much We may differ with
our German friends ia regard to their
Sunday AMI beer drinking customs, We
have always given them tIie credit Of
being honest. Perhaps no nation have
a deeper seated sense of honor and
square dealing than the Germans. Ne
are therefore not very much surprised
when the IVdciteg aIts Eric, one Of their