New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-01-24


GUARDIAN OF FHE COMMERCIAL HONOR OF HE
NATION.
The Rev. Joseph Cook, in the prelude to
Liza Icctpre delivered last evening at Association I
discussed the need Il a higher Standard 81 c"m'ic"
honor and the duty Of the Church in clevatns that
standard \ Ian 90 audience filed tie haI ana on '''
rlqtform we're Professor swell H. Hitchcock, IN" i'
Dr. John Cotton smith ana Others
For more than 200 years, said the speaker, seasons 81
business depression have occurred with mysterious
rcguarltV nj periods OF years and fraction III
Great Britain and Western Europ" there "cr" business
manias, producing great depression III Lbs l'''
1853 l773 1888 ard 1893. In tins century II yoh iH'
INTO view the United states IS well aS 'h''t britain
Iyouce and Germany, YOU lind commercial d.
rrcs>ons occurring in 1913. $50, 1879 to l~39 lHi'
$50 .nd 1866. Athoulh We had an exception To
tbc ruic in our depression OF SD Great Britain IL nov"
I'm 1S-S--9 uassng through period OF great financial
djstrc>s II has amused the world 10 iind grave rot
zeal economists attrbung the recurrence OF ie'e o'
ur,ssiors 10 the inGI Of the spots on tic
sun in produc;n. drought; in India and unfFutiu
VINEYARDS in Europe. According to that theory
the be, time 10 invest money IT, Of course during the
period Of depression. By Your factories At The time q"
d.pr,ssiop when they can he had nj haf their cost
Avoid following the eSunl" 81 ST. Isaac Ac"'on VINO
cndcayoTed to purchase stock III the S"uih rca bnop"
on the day whcu that speculation was al It's highest
This is the wisdom OF those who find the chi'f cause q"
It's orr duty to study only the spots on the sum-
hnt those also winch impede the y o. the sun behind
thc sun One wouid th!h, view Of the corrGtonr e"
modern trade that The latter are far more eih'ich
than the former produo NJ commercial crises Mhal
l. the drs $40, on the sun ."hiHd ir Lu ol in"'i,,
civl7ationt Wnv. the growth OF our great ctirr ANA
b, f,ct Thai LARGE iowis usually lose the Masters VIM
-. i '' rI Citic. c1.lly FORGET how 10 hiss vice
II Is true he laws trade understood in the cues
better than The couu! ic; bat 50 many dishonest
he. aiI. done in The great towns ihIt the tone 81
uui ulsClt
ing There INTO existence what can a GiihhlnG
ana Gabhy commercial hoc!"lsn'. ihc most costly
mood tlgt commerce can put on. We suspicious OF
each other ia proportion L. the number or frauds ana
dishonest banhIu tci"s: Gi>tru>t males necessary =
higher rate of interest. The co-tllcst unccan beast
ThurOd Rogers SAYS that society can Keep III us me
nageric, unpuulshod commercial rogue Jap
Mr. cool. thon discussed the effect Of the growth Of
great cities upon legislation and coniiast'd mo 'uk-
Jupi..y laws ui this country with those OF France.
what | complain Of. De added j. that Partisan sen
les Ia. been St,IIcr Great them" Oi commercial
honor than even Puritan ew-lh-!and, and iAan an
American Republic, wien Ihihr~ I-tH o. JUS -""l
Judgment dBd onit4 hon str. This l1A ne ~ "r oWc
10 pass q bankruptcj il" = ri>i a. indicative Oh 10"
hapLruu;cy law Of France Indicative ~ o., LA com
merciu honor in that nation am comHrins ih' ifHch
WituU selves ~ r"tnnticdl h""I "' ~ rtEHi" 90
THIS central matter. tu orr sister republic On the
seine ll, much 10 reach America yet
While legislation LAY concerning co!DcrcI 81 crimes,
what can lie church dnl DrtGult'rs among tLulcn
members, awIndi's organized ~ men "ho hlle Stood
mgh ~ GODS house. Gh>s'uUho'3 INA Pu''S ',i,on-
those who nave hren prominent III inc 10 ,Ine
into new NO. New ufk M. sHIInt' H. p'"'i
iltt,r fact must be VlisucTcd lar beyond Harlem
River toward the sunrise. IL i not enough 10 ,dY
thlt TIE exposure oi tilMc j. EiO|Ih@ MOT ire
aueui, aud that crime l. hnl d"S So although TINS pei
ba Il truc better reply is the frank confession mat
great ,IirS have coiIuI ed commercial sentiment IN
ed the tone OF public discussion ana mat, under TIC
Voluntary system in the Ci chcS IN the United states.
u af does aiWaln and hang hms' II. even when
ne caIIIc> The bag. laHctcEl In clltS IN fashionable
con -csUu5 under the voluntary system tbclc i icdl
dIf1Culty IA purgius trr American church Of CONNER
caI d,sicnor and the difficulty well be rtcog-
nIzcd without evasion
feeling of ours That social prestige o be regarded
IN certain churches than right standp, before Almighty
cod this using sunday clubs social preserves to
keep families IN good position ana 10 dHSnadt Ihth
rWcctN from intctmarryiHG wrongly and below their
standard IN society, Tins tendency OF cities to give to
church itself cOInHeIClil mPa~ulH tapes, me TACT
that fifth Of Onr popuIati0u III the United states
i've in cities and nat the churches that SET
the fashions for The land more O!tcn ~ cicS lh1n
IN time come and already bis with disaster! I'm
not here 10 make apologize ior church inr.nbcrS; nor
make distinction between sunday Gibbs aud chulch's
aud hrtWrrI church members ana Christians. What Is
the trouble with a few church m"nb - VINO cheat
They church members, dud not Christians. lou
must make distinction between Christianity and the
church
mprcia ocean rising on The BpSphOru- may raise dan
rerot tides IN New IorE, r-ing ~ the United states
NAV cover with its Surses ihr coast OF france ana Bel
gum ana England. Tic atfldcpcndence OF nations
that thr failure OF one great house
zone 81 different houses. The church has opportunity
to Gasp all the zones through the ntcrdcpcndcucc of
nations, commerce. II she IS true 10 hcr any ana
cures commercial honor, abe may make the "ommcIc al
unity the world the means Of bringing about I-
Da1Ols unity Let tine secular of civilization en-
circle the world IN direction, and an opportunity
viii be open + the sacred arm. II the latter Is only
bold enough assert is rlgn-, - CnCrcc the globe IA
the other. Iufuidcd IL both arms tir world may he
brought to the pulses of the heart Of God. ip-
pl3usc.