The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-05-02
County and City Official Press.
Wednesday. May Cd, 1877.
COMMERCIAL CONFIDENCE.

most tIibfEt SUI appropriate view of
Affair." TIA, euu5d be- gwen, ard The. best
suited lei affiliate the present o. pros
,,sctl.. stsess ST sreactloi aiy time; AID
We beariiiy snGursc tis.tsi as our owA:
For ssIine tlnis pat ali uneasy feel
Ing has b.eA geo" lax up u, tstusiii. - Ial
.iTcicr. c1nstlsss -, tai Dut nrstrihe-
less calculated tt, preface '!ss,,stcr Ih,
,hfhtaS' OF values following the gen
efai depression II Uu.I..ess iIss tatttaiiy
Created alarm atunusst these ~hu have
capitol invested az are ,e.kiAg new IN
s"stmrnt=, YET. besides tbi, di,tru>t,
there Is tendency la % hrr quaitcts.
Including some oi TIL puhlir Journal,.
to rub the ngy soru Instead II toying a.
heal II 10y soothing rinoit.euts IL IL
mo- hteessary [" ioiit out the causes
which have ted b. this abnormal cuu-
dItlon of affairs. but looking facts
squarely IN the face. We shouit attempt
10 avert lnpending eyiis toy wise and
prudent action rather than hasten
panic by throwing fuel on the flames.
II must not be forgotten that We are oil
enba' ksd oi, common voyage; that a
community OF interest surruuhds Us all;
tina, common safety or common wreck
await both capital aud labor on the
stormy sea upoa which both are sailing
la such IA crisis tue utmost need exists
of careful. cautious recknnlng. II W..
canno, trust each other as We should
II We refuse IN help 10 bear the others
hurdensif cold and n.rrow thoughts
OF self aloue control our daily actions
we can at least. by skiilful pilot.yr,
asoid the prscipitatlng danger and
thus escape Il common sbIpwrcck. OF
course. those " hose trade is 10 gather
proht fTom the broken cargo strew.ti
along the beach will welcome with de
light the false fires lighted on the cray
'e lure the weasel on 10 III, breakers.
IL Is not 10 such We earnestly appeal to-
day. IL ~ the frank, honest generous
citizen. whether be be in OF out of nc
tive business. who recognizes the nu-
tual responsibility which rest. upon all.
an who feels that the safety ot all Is
the highest law IL is not asked. not
expected, that even such should make
sacrifices beyond Their common share:
but surely it Is an easy thing TO Irown
away the general uue.siness spriuging
up on every side. Instead Of aiding ia
the vicious growth by helping 10 break
down values IN which We have no ap
parent Interest II l.. perhaps. natural
tha, the fate which la, bufa.lca So many
al the bAdly-tnasa.rd corporations IN
tie country shouid cast u shadow upon
those which are kno St Ia b. thoroughly
sound and solvent Because some have
been weighed III the balance ami found
wanting. all are HOW anvil >eiy meeting
with captions criticism of unmcrited
di,tsvor. The shlnkage in securities
at undoubted value may thus nationally
bo counted tor. but the damage done
TO the whole COMMERCIAL community il
no less positive aHd deplor,be There
are to-day hundreds Of thousand, Of
safe securities held "a calla'.rals for
loans In savings banks sud trust con-
ranses. As well H. by in lvliual opera.
tors, which il the shrinkagc continues
may te rejected and the loans called IN.
: he dls.stcr that may follow such az
tson no one can faretel All ,hls may
b. avoided IT ordinary prudence pre-
walls. aud If the pnblio pulse BEATS. as
II should. tn unison with public conf
dcuce We are not writing Ia the in,
tefest Of any special individual or cor
poF atoms We are only pleading for
the peoplc-tor the many against the
few fur the millions who pay their
taxes honestly and have a night to
be protected IN their person aud
property 10y their parent State
Ia the Ierllous times ia which We live
We must NOT forget While capital j, fest
ing. labor is perishing. There are ,hous
ands today throughout the country
Who are asking inr brad and receive a
sloae. Thousands II willing hands are
idle. aud tens OF thousands Of aching
heart. are beating ia agony al the drea
ry future. Yet in this sharp extremity
If fortune the work II destruction j.
constantly gong on. the remaining bat
works that protects US from disaster arc
being thong hsicsSly battered do~n. and
the SAFE and sound securities We have
are mou.ce,i with ruln Ivy the partial
withdrawal at that confidence without
which they may soon become prsc,ical.
il xalusies> W. ask .hs lhou.h;fal
man 81 busines. not the camtaercial
Wreekcr It the pictare Is ovcrarsv
>sok at tlic s.t0Al bnssae>s & The ooun
tts q. day. aud >vc II there /, no,
groapd for spprehgutsng seFion, results
in the neaf future. uajvs@ IL w}sev.
seauler. broader. su3 more catholic
a e.