The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1877-05-04
Il CHANGE THAT Is COMING OYER
TIE WORLD.

There are situations in the aggregate
life of the world which are properly
styled epochs. There are epochs-epi-
demical epochs-fnancial epochs, in
dustrial epochs and commercial epochs.
The one now dawing upon the world is
an industrial epoch, and its results most
deeply concern America and every man
of intelligence in America who has capi-
tai ought to give to this new shaping of
| events his earnest attention.
Let US examine the condition of the
nations of the earth to-day. What are
they doing? Which among them are
making money, which among them are
drifting into bankruptcy?
Russia desires to enter upon career
as a manufacturing nation, and has al
ready forbidden any railway company
from using rails, cars, locomotives CT
other articles which are not manufac
tured in Russia and of Russian material.
1t is dawing upon the mind of the czar
that if he could honorably get out of his
difficulty with Turkey and use the i'm
mense sums which war with that power
would cost for the fostering of national
industry mechanical industry Russia
would, in a decade, emerge richer, hap
pier and much more intelligent and en-
titled to respect than she would after a
decade of war with the Turks, even
though she succeeded in driving the
sultan out of Europe and acquired Con-
stantinople and large slice of European
Turkey.
Russia begins to be impressed with |
this great fact. She begins to realize |
the true condition ofherenemy. Turkey |
is colossal mendicant. She has no re-
sources, no manufactures. no intelligence |
and no money, but plenty of extraya-
gance, arrogance, ignorance and beastly |
inhumanity. The agriculturists OF Tur-
key are slaves, the women of Turkey are |
simply concubines, and the religious fan
aticism rendered permanent by the pro-
found ignorance OF the masses, makes it |
impossible for Turkey to ever progress
out of her stagnated and decaying posi-
tion as a Eation of the earth. Conse- |
quently what could Russia gain were
she able to-day to annex all of European
Turkey to her dominion?
Pass to Germany. What is the condi-
ton of that newly created empire |
Every man of intelligence knows that
the grip of hard times has not slackened
since the payment of the French war in I
IDENTITY demoralized values throughout
the empire and by reaction caused the
worst panic that has afflicted Germany
since the war times of the first Napoleon
when Berlin fell before his victorious
arms. Germany is importing more than
she is exporting and this, united with
the mad freak of changing the specie
basis of the empire--declaring that silver
shall no longer be money and that gold
only shall be money-is causing the bal
ance of trade with foreign nations to run
heavily against her. Russia has closed
the door against many German articles
in the iron way and has dGcreed that
such articles must be made at home and
out of home material. There are no
trade relations subsisting between Ger
many and France and in all other mar
kets of the world German manufactures
meet with competition which they find
it impossible to overcome and the cOnse-
uuence is her industrial pursuits Ian
gnish.
Italy and Spain cut very little figure
In the industrial affairs of the world.
Both are heavily in bebt. Neither have
a reserve of undeveloped resources, and
both are cropping in such intellectual
darkness and bigotry that all the more
nations have passed them in
the race for industrial excellence and
They count for nothing.
They are dead to all of the magnificent
of the future.
Austria can hardly be said to be in
better condition. A polar wave of finan
cial depression has swept her from bor-
der to border and she is prostrate. In
1873 there were in Vienna alone 294 joint
stock companies with a paid-up capital
Of / 1,702, 900, 900 of forms. A form is
worth 474 cents American coin; call it,
for the sake of convenience, fifty cents.
The paid up capital of these companies
would be SS51 900, 900, which, even in
America, is a good deal of money. The
panic in Austria was under pretty good !