Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-12
Der OF Congress embracing each other, while
schurz threw himself down and fairly howled
with grief $3.50


threw himself down and fairly howled
with grief.
BErTERTIMEs.
What the Prospect 70 for Improvement.
The New York Times submits the follow
ing review of the business conditions of the
country, which deserves the careful consid-
Grafton Of every reading man:
The London Economist, in its issue OF
March 3, has one Of those clear and thorough
studies, which has made that journal 30
valuable, upon the Commercial history OF
1871" It shows that period of CONNER
cial distress of unusual length-tour years
has been experienced in the United States.
Germany, Austria, Hungary Italy and Great
Britain, and for the last year and half the
same difficulties have been felt in France.
In all these countries there are two great
causes for this depression the lessening
means OF consumers, and (2) over-productlon
IN certain branches. In Germany, France
and this country there was prodlgious de-
struction of the means of consumers by war,
result which did not show itself at once IN
Germany on account of the payment OF the
indemnity, and in the United States on &C
count OF the stimulating effects OF an e1-
banded currency. In both countries, rail-
roads and other industries we're extended be-
yond any legitimate demand; in other words,
floating capital was applied to the working
of coal and iron and the construction OF rail-
roads beyond the necessities of the consum-
ers. Both suffered under the same evils
diminished resources and overproduction.
In Austria, Hungary and Italy the depres-
sion arose from the speculative production
and from the diminution of means produced
by excessive taxation and war. The specula-
tive industries of other countries, of course,
stimulated demand in Great Britain, while
the final collapse fell with tremendous weight
on that country, where production has been
carried to excess, but where the efficiency of
labor has been diminished for the past two
years. The losses In all these countries we're
especially felt in London, the financial cen
ter, and thus communicated to Great Britain
the depression which covered the CONNER
cial world.
The Economist analyses the causes which
will stimulate anew the cash demand for
commodities, or, in other words, restore pros
perity, into three classes l, Greater eco
nomy and industry; 2, unusual harvests
and 3, accumulation of savings. It is con-
solatory thought that all these causes are
working steadily here towards producing
| better times. Never before were our people
so saving or more industrious. There is moi
so great diminution of the efficiency OF
labor, in reduced hours and poorer work, as
has been experienced in England. Unlike
the English experience our harvests have
been unexampled. Much, too, of our pro
vious overproduction has been in the line Of
future development of growth of population
and cultivation of new land. The savings Of
the working classes, and of all classes, are
speedily increasing. Our great obstacles te
a speedy return to prosperity lie in what thu
English journal has but little touched upon
our vicious financial and revenue systems
The great ignorance of the masses in tht
West and South of the simplest laws of polit
ical economy is evidently about to plunge
us into the miro from which we have been *
long struggling, unless some peculiar wis
dom of Providence intervene. Then we hav,
weighed upon us what the Economist has 81
we'll indicated, the heavy burden derived
from our former extravaganza and neglec
of economical principles-the fearful load O
taxation, both municipal and national. Al
impartial American must be obliged to con
TESS that our experiment of universal suf
frage, as controlling expenditure and public
moneys, has broken down utterly in munich
pal governments. Tables of statistics shov
that in six of our largest cities, from 1860 t,
1875, the locel taxation was quadrupled from
100000 to $65,00O,O00, and the debt
nearly quadrupled-from $85,0OO,OOO t.
$500, OOO,OOO. In fourteen of our cities tn
population has increased 70 per cent; tn
taxable value, 156 per cent; but the debt
27O per cent, and the actual taxation 70
State, city and county purposes increase
1853 per cent.
1t is plain that if this continues the resi-
dents of our cities will sacrifice the Who'll
increase of their annual labor to taxation
both local and national. 1t is to be cor
fessed, too, that but little prospect of im
provement thus far appears in this matter
The only reform which might, in this Stat,
lead to an intelligent control over municips
expenditures municipal amendment {
the conditions evidently to DO defeated
Ignorance and demagoguism are to be i
control of the finances of the great city, q
they have been in years past. Propert
here can hardly bear its burdens. The petit
taxation in New York resulting from merel
stupid legislation is said in some branche
of the importing trade, to eat away il
profits. If the intelligent classes do not con
bine to govern our cities on sound principle
we see no remedy, but a gradual bankruptc
of our municipalities, the suffering an
! poverty of great numbers of persons, an
the removal of many branches Of productio
to rural districts, where intelligence an
property control the taxation and the expel
ditures of public moneys. Better times al
certainly not far away from our rural di
tricts, but in the cities we have yet to wa
for true reforms in taxation and our reven1
system.
: Anotfer Chapter iM the Great Cinct,,,.n
Scandal.
A few days since the pastor of the Bapti
! church at Middleton, Ohio, published lie
ter explaining the action of the church
. dropping from its rolls of membership Il
s name of Miss Dickey. Miss Dickey b,
written q reply to that letter. Her stat
t ment, which is a column in length, clos
Q with the following:
God knows speak the truth when sa
Q John 5. Titus is the father of my chill,
l under a solemn promise Of marriag
4 Fatherless, motherless, and without mean
Q could not do otherwise than enforce n
Q legal rights and secure support for n
=