, 1876-05-26
LETTERS FROM THE PEOPLE.

N The Editor ~ The Tribune.
CnIeAno. May 25 --Wo are pasaing ovcr A hard
md stony road, but II Ia tho only road that can
lead 10 prosperity. II sucl condition be mn OWL
II is onc Of those evils which le al The foundation
nnj are essential 10 the cxiateuce OF good Many
"cvils urc but phths 10 bette. thngs and tIls
condition which wu call Wizard times" ID ono nf
these. II Is ono of those staica which, rc.nlljng
from past action and fully, Ia ~ unavoidable as
an, othcs effect so!!ew.ns It's cnass. Viewed n
this light, there Is no Eenson for despair. TN tho
contrary, there in mich 10 encourage thorc whn,
for ihc sake of per,nancnt p.ospcrity. snhtuit 70
temporary dfstrcAs. A man who u sick must en-.
Auro Tie menns OF cure.
Tlcto "a no specific by Which disease can he IN.
simultaneously cured. There are no miracles In our
ay, the miracles Of sctcnee, a,.d lhcac arc Of
siow development.
When disorder invades the humnn or the social
Ayatcn,. tlna and suffering a1nhe reatoro Tie
itrukcn harmony. Tho Kamc principle applies IN
commercial and financial Affairs. What IL called
t.panic." although brsaka forth nnddeuly, ls nl-
wAys preceded by train OF Causes, which have
hccn ling In b1cnt action. like tic snollcr!hg Arc.
q volcano, gathering force for years before the
II We wish to mi. tho root. Of The ..psntc" Of
1878, we mist dE deep. Such Rigan.lc disturbances
never occur, save In 6bcLlirNce to ihwr. which
When fear. like VIII. iire on tho psarlc.. sprca,ia
'""sas sas s an 9ss ea st e Il. s In
II faith ot man in man. Upon this faith iii
"ctedh" 10 hI!lt Faith lcihg Undermined "
tal.ehood and diAbonessy' 'credit" tallt TO lilo
ICredt." which Is Tie te.hlocl Of nil 1uplnc.s
and cn,tfi.sS =, eRrs. b s M
The Immense energies Of - credit nru paralyzcd
4 IL q II ttcam shonld suddenly he abolished,
back to the fow ioconiotton Of the past.
A. Ia!toHSs 1ow .se es,spa 70 ths present
tn fhr rt11Cfh nf rnfrrnrfNn nnH Ttttt
credit 10 bo Of any vaine must be based nron truth
50 long A. It y lhus based Il is nf lnest!nabc value.
one Is benefited by tho speed. Time saved 70 tlu
t,us sasfa y sas Of is WITT,
c1s s Is e %ntar. AL
experience that s trntt 3 1nsrlaeed s'Fanfe' Is
Na,e5unauly. I'M. .fossaeh Imitation '..Panie" would
lfoasht dSxa @ 70 II %sth;r ;[o E4rs "hsn 5 ws ssaiH
Hsuecle payment sta1es lis in tho face. and nm
~ We seaeh hat point there can % no firm resting.
tho common standard. The sooner this truth Ii
realized, lhu better will Il he for tic present, md
the brighter wiz 10 tIc prospects q the future.
dlseetIoa. We n.ns. Grass tho briise Of .'rpece
ncw md solll prosperity WIN welcome us. Al ac.
tlnns mu+t disappear. When the web Of reality is
reached, them and then only, viii An enduring I'm
prices Of my staplc coi,nod!ty viii faii 10 a awer
point. Uu tho hasIs Ut real vsIno uhc actual Gust
| nfprodncttonl new Aupernt1nctnrc VI ''cFcan "
I viii slowly arise.
Whom prices lave stopped falling aul I, is clcal
| thai bottnrn hne bern struck, condolences will
gradually revive At this point Se have arrived.
| a new era will huou dawn. Labor Will again lind
employment. Property wtl come into demand.
Capital viii awake und put forth ~ giant ener'
gies. .tmldly. cautiously, but with rrndnally
commerce Will be f,lly in R,otoi and every nttt
will feel Ike the traveller who. after long wander
ing, has emerged fran dark valley into the sun
HIGHT anl beauty Of fair eountry,-a country Il
| which no easier path could have ]cdt uu1 whczt
| unlycran prosperity prevails. E.W.