Smyrna times., 1879-10-22
Gold and Men.

Gold and men are pouring in upon us in
way that augurs switlnesS of growth
without precedent in even this rapidly
growing country. The stream Of gold is
maintained in volume that surprises the
best informed students Of the financial
situation and the aspect of things in the
old world, both as regards the crops and
the :ainatory tone Of European inter
national relations, favors the expectation
of q continuance Of the present influx.
Meanwhile immigration is fast mounting
toward the highest figures of former years
The flow Of human beings to our shores
has manifest bearing on national wealth,
but especially at this time is it highly
important factor, and this for several
reasons.
In the first place, the American railroad
system had been confessedly built up or
expanded to a degree far beyond the wants
of the population. The country has been
opened up, as the phrase is, faster than the
people were ready to occupy. From this
have sprung various disasters and embar
easements which have had dscouraging
effect upon the whole trade Of the country
1t is strong disposition of Americans to
discount coming prosperity or coming
misfortune; the former disposition, as is
natural in a fresh and sanguine nation,
being illustrated most frequently. When
men saw an immigration that from ten
thousand in 1925 sprang nearly half mil.
lion in thirty years afterward they were not
without excuse for expecting grand results
| from this movement in the future. But
immigration moves. and when the 100000
new corners of 1872 shrunk to a thild of
that number in 1877, with every prospect
at that time of a fresh Illumination, it was
quite in keeping with events and prece.
dents that our men of business should take
dark view of times Immediately to come.
Thus the direct evil consequences of the
panic OF 1873 were attended and followed by
other untoward results which flowed from
a drying up of the springs Of emigration
But with this fortunate year of 1879 all
things have changed. The resumption OF
specie payments has been the signal for
Ythe resumption of universal prosperity. As
Il by the touch of a magician's wand the out
4 look that before was gray and sombre with
I doubt has become rosy and bright with
hope. SPLENDID crops have been syn
chrOnous with diminished debt, and the
freshened tide of immigration is bringing
to US the finest quality of newcomers
we have ever been called upon to receive
The average in number, too, has steadily
risen. Last week more than four Thousand
persons who have not been here before
and who have come to make permanent
homes, landed at the port of New York
alone. A large fraction of these are skilled
mechanics and farmers and many brinl
money. Great numbers still come from
the British islands, butte considerable par
are from Southern Europe. Within few
days, for example, more than two thousanC
Italians have sailed from Genoa for New
, York; and it is known that other larg
, bodies of their countrymen purpose t,
follow them.
These signs are all promising, and tn
tidings that have reached us since Friday
and which are confrmatory of the falur
" in many districts of the English grail
Q harvest, are of the same nature Nor
Y gold and more men for America are wha
! such tiding necessarily indicate. We wisl
\ harm to no man but we cannot if W
i would help being the gamers by short crop
= across the sea. There is one thing, how
/ ever, that we can help. We can he h bein
y blinded by prosperity. We can help bein
j so foolish as to put aside the chanc
J. afforded by this felicitous turn in the whee
o of fortune to set in wholesome and honor
e able order the public finances. So magnif
II cent an opportunity has rarely been give
to any nation as that which We now DO
Is sess to retrieve errors and place on tn
% only sound and legitimate basis our syster
IS of currency and pledges Of national oblig
60 tion.-N y. Post