Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02


sober fruth usually breaks all OF sudden npan the
r@ope; tie Illusion all at vaushes: The bubble
iHirsis. and We are set do"n hessi! sPon 'he nAu
rock OF real fact. That ;hing nappeneai I" is IL
.s.a- Then rub anr eyes aud hs- Gronhd AL
wonder how 1t all eaine about Aud yet u was the
natural thin. in the world. People WHO invest
In air castles have right To- expert alTthing else
than that these investments vii! AT last VANISH iit"
the air they were msde ot. Tie Lest tn',s
one eau do af er tie collapse Is quietly TO
gather up our i've senses and 90 TO WORK
like TO repair our shattered fortunes. Ana
those shattered fortunes he repaired! tirsl,
by recognizing the errors of our ways and diseaFns
self-deceptiuns and ilaSous: by remembering that
our wealth must consist Ia wiat We proJuce Snu
have aud not In what We dream OF: u! ahsl-ihihs
consequently i-om ali Wildly schemes 20 ma@e o'r-
selves rich by printing The word dollar u on piees
OF paper: by acting uloI thc priacipe tast the "if
honest wav 10 get rid OF debts Is By paying
.iem, and that bccnms prosperous Only ~
producing tNinss that are useful, ard by spendiHs
less than earn. Thesc .ay i,s Ike ot-'a>hite'i
hntne-spuu dcc;rlu=S, but whatcEcr our modern
hnaEc:s: juggls-S NAV uy - make yen oeie'e,
they were thudsa;sd years age. anh ta-t
point the only wa: ont OF odr dihcaiies.
There Is no ot'Ie-- 4" the honor OF 'he AmerI-
can people be Il said. a vcry large majority or
then. have been acting upon these principle "r the
last I've years. and they all the better Tor H. II
i true. go,d deal of Wild talk has been indnged in
about ali sorts Of nr,huds manufacture money out
OF nothing and distribute IL 50 10 keep everT-
body-s p.cEc fun Uf cash. putting al the world AZ
ease Kur although that Wild talk has beio-srG
some a:id imprsied neliui legislation YET the people
on the whole have been steadily II wOrs producing
uSefu things and Dracticug real economy. Ana
while tile results uf thai activity have not yet teen
felt In ali the works OF human Industry and all
classes of scciety. yet venture 10 >sy that during
the ivc the America people nave crral'i
more real Substantial wealth thau during the hye
wears Of Wild schen'ing. gambling and
speculation which preceded the crash "i 1873. l
venture further 10 say. and rhHE /, Is felt all over
the country, that business activity IS 81 WIZ bnt
surely ouirkeniug again. aud that tie American
people now stand uDOn ne threshold Of new period
Of prosperity. anl that we shat reap an abundant
harvest OF IL, unless throw away cur opportunities
by mischievcGs tnterIneddling with tie natural ue-
yelopment Of thugs.
ruEnz THINGS OF NECESSITY
The revival OF business and prosperity will. In
deed rot consist in putting upon their legs again
old exploded specclstl0ns, or IN restoring 10 the'r
wealth again business men who broke down by
venturing into operations largely beyond their
means aud spreading their capital all over creation.
To be sure many Of that class. who stil strus-
Cling. NAV stll have 20 down, and many who have
gone down may have TO stay down, and no hat
money can help them. But new men viii
step into their Places Such p@ri mean tie survival
Of the ittest. Neither mus all the laooTing men
who have been thrown out o. employment OY the
crisis expect that revival Of business Will In all
cases give them prompt employment again IN the
same line Of work At the same wages Many OF
then will haze Z" change their oeeu alton. and
those who use their opportunities Ia that respect
most resolut-iy Will he all the better for it, R-yiv-
ing prosperity viii consist In gradually opening a
fruitful held Tor those branches OF productive Indus
try and corresponding trade which supply actual
wants. A. old stocks are exhausted they must be
replaced. The pressure Of the times has taught
US TO produce articles formerly bought abroad.
So ceapy and In such excellent quality. a. 10 intro
uce them successfully and largely INTO foreign COM
petition. Our abundant crops hEd a ready market
and god prices. A multitude OF circumstances
cuucnr give 10 almost every branch OF business
natural and healthy encouragement. and whatever
changes In The meihols Of production have taken
place here Is doubt that increased aud more
varied wants will render p'ssible and profitable
the employment OF the same, and eveL larger
number OF men than he!0;e. Those viii reap the
fruit OF that revival rst, aud must abundanfy, vino
go about their business with the most digent Indus
Try aud clrcu Inspection, striving rise spwy. but
surely. aud keeping their expenses prudeity within
their earnings Thus We may here. as / eau
didly believe, lhe American people.
within comparatively short period, again
engaged In general and fruitful activity and In tine
eHI,ynenl of largely Increased wesiih-"eAlih not
divided and dsiTOa;ed a. II was before. bus So ats-
tribuled superced- the distress nf the last i've
years with a higH degree of general WE'LL being
T.iis, think. Is within our reach Pror,dsd al
tc1ys We put aud the business OF the country
Oh sound aid safe basis aud uo spO our Chances
b; iudniriuc ia foolish &C lemes. To furnish that
sound foundation. without which business can have no
healthy Development, AID without Nhleh
tne Prosperity Of The people viii al
ways stand upon volcano adv 10 e1-
poe any dane. three thing>are OF The first neers-
ny: gos-l national .Hd iHdSidGs. credit based
upon National and individual honesty. >rcund. .
sJund currency OF real aud stable Vair-; aaa .hir
q safe aud reliable banking SYSTEM a. the deDr>i-
tory OF bushes, fund and the machinery OF business
exchanges Iu discussing these subjects shall run
I agaig,i som- pcuulsr cries indu,,flously us.t.
by demagogues and repeated bY unthinSihg men.
which fraught wi "a mischief and disaster as
well disgrace. shall speak "f taem without re-
serve, Tor a ncuis.t when. IT period OF dis
tress, we have az .ast Cnance emerge upon solid
ground asan, and that chance seems In danger OF
being throw away by acts ci dishonesty or i"lsi-
ness, IL i tiEir 10 call things by their night names.
KEAENEY's ''BLoATED BoSDHoLDEEs.'
First as 10 credit. Our National credit rests upon
faithful discharge OF National obligations and
shall show that in a great measure the individual
{ thing. II has become the fashion for many po.i-
tieians and pubic agitalors cry out against the
bondhold lders, and thus 10 excite prejudice against
the bond. which is an embodiment OF lhs
National faith. The bOndho'ders are repre-
| seuied as set Of ''b.osted'' individuals
/ residing down East or ia foreign eOGu-
I ire, who bought their bonds AZ -hir y-hve os
forty cents the dollar and demand 100 cents and
Iii N interest IN gold. Thu. the bondhoIder Is pie
tuTed as a sort ol criminal hoOd-su,ker. who. with
cold bOOded cruelty. fatteus upOn the suEeriEgs o
! a down-tro,id-a people. Now. suppo'ns our Ma
tionaI bonds were siIlI in Ihe hands of thuse who
originally bought them, you fail 10 remember
thar when bonds were sold At forty cents o. tue
dollar. aud tue quAntty 5" s"d was n1l very large
life o. the Nation Was threatened by inons.rVu;
rebellion Tnar tie Republic seemed 10 be 10 ths
agunies ui death. That appeared uncertain whethel
the buud bougiJ at forty eents on Monday wouid ne
worth ten cents one ceuJ on saturday. And thai
Tie purchaser Of the bond Tis.ed his money for tat
country Just as Etuc the soldier rl>se his biol
Did not The American Government ask hin 10 take
that bond almost any price, when the Republic Wa
! IN eNtgeluatle>. Ana Hst. Hu~N ne uAS hctp-i u,
! by taxing it aud giving up bis money al the
risS OF losing IL all, are we. now that everything
has gone wei!-against TIE predictions and expects-
] lions Of nany-.Te We. as nl minded people. te
tnrn around upon han WHO has hepc,i rs Ia our houI
OF supreme diSiress and tell him 'slOu Ar. olOd-
B sue ker and a scyuudrel.'s | have known indVhl-
I ual, E-o. when you had helped them wIth iOan.
/ would feel and act II they owed YEA uot jiis
money, but a grudge. You wUud de- iiss such per
! sous A. uI-an ard contemplate fellows. Would a
Le honorable Tor Gilr great American people L
i puL themselves on the same level ~ saying. lie
! hale the J0udLOld-rs, FOR they hsvc lent a.
| money! Bat We ale The '-bosied'' holers o
otr National hUHdsy Il Is EGtcriuuS fact that unls
an inauitesiu.l part, II any. OF National 0ond
sliil in tie hais OF tue n&l purchasers. Ear
gnal purchasers have long since realized. and
/ iLUse who ho.d the bvid, have s!.nost al
bought them at a Iign figure. aud IN majority Ui
cases at their i'ar VINO are these hoid=rSy II
was estimated lime tuat 81 UaO Ot0, OoC OF oui
/ bonds serr held ayrO4. IL Is stzIed by the >ecre-
isry oi the Treasury, The Acsi means OF as
c-Ttaiuiug the fact, that ~ pres M the snOunt y
900. 0u0, probably 500. uVV. ct0- Ihc res
Of tn,Se rm-Tiy held abroad have eiIher Oeeu pai
on 10 th.- codntry, that We mud tiS
between - and - cent. of our bond ID Inject II
is held own citizchs- And ! II true ina
/ Ilio>e bonds are ia the hands OF set cl
/ ''blOateJ'' individuals down Feast Every bust
kuows beli-r Khan that Nearly >l5o V0O y's
OF iVuT-l'eE-ceat. bonds have, Within tw'
! years. beeu sold. They scattered all over ~
cuuntry, especially the " est. ami held nOsil
by those CONSIDER them . safer inrcsimsut fO
! their little surplus than a savings bank-hUnes
| wOrkingnen, VINO will he surprised 10 find Jne
have sunk the level OF the ui0aied bl,~ds .rser
To paw a debt IS uoi pleasant thing. Iut 1t l.
necessary and profitable ihiug We have show
.f 3 world tlGg q 60 and that