New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-28
No CAUSE FOR ZINC.

NO CAUSE FOR P1NIC.
The agitation, approaching panic, Of the
last few days. has been utterly without justif-
cation. The President passed good day on
Monday and Tuesday, and his progress on
Wednesday was such rs to ill his attendants and
his friends with deep pleasure and encourage
ment. Yet this city and the country at large
have been the prey of wild and frantic rumors
which have caused great and deleterous ex-
element 1t is hardly credtable to the public
that the dispatches of sensational Journalists
and INSCRIPTIONS ock-jObbers should be re-
ceived as more authentic than the official
bulletins of the Presidents physicians but
the anxiety in regard to his health is so
great that it can hardly be expected to be al
ways reasonable. The facts remain, that
while the Presidents symptoms were moro
favorable than they have been for several
days, while the surgeons were telling the
public the whole truth about him, the stock
market was profoundly disturbed by false
rumors, and the bulletins of several news
papers in this city were condemlling him to
death within twenty -four hours.
We do not know that any remedy can be had
for these outrages In England tho other day
there was rumor started of the death of the
children of the Prince of Wales--the object
being to depress the. stock Of railways leading
to Aldershot, on the theory that death in the
royal family would put stop to the military
man9uvres, and so greatly diminish the
profits of those lines. Nothing can prevent
papers which live by sensation from in
venting news; nothing can keep desperate
gamblers from flooding Wal Street with bogus
dispatches. The only antidote is q little com,
mon sense among the people themselves. A
moments reflection ought to convince anyone
that the Presidents physicians can have no
motive whatever in cOncealing his condition.
Their interest, if they had no consciences.
would be to tell the simple truth from day to
day; and this they have done and will doubtless
continue to 90. Nobody claims that the President
is well yet Nobody denies that he is sorely
wounded and that many dangers beset his
path toward recovery. But his constitution i,
a good one; his medical attendants are con-
scientous and skilful; he has the best of nurs-
ing and care; he has endured twenty-six days
his condition is now full of promise; and three
times day bis physicians tell all the world
precisely as much about hi case as the most
energetic correspondent On Newspaper Row can
possibly find out There ought to be no ma
tcrial for panic in these conditions
If we look on the darker side of the picture.
if we confront the possibility of fatal issue.
we see reason enough for grief and sorrow,
but none whatever Cor panic or condemnation.
Ii we should be doomed to lose President Gar
feld-which may Heaven forbid There is no
reason why the business of the world
should fear revulsiOn or disorder We
should lose our greatest and best statesman,
and his place would be filed by one whom
none OF us would have chosen for that place.
But there would be no reason to anticipate any
disasters from that cause 1t is true that three
weeks ago the probable accession of the Vice
President TO power was regarded with pro-
found regret and distrust. II was feared that
his intimate associations with certain small
faction Of the party in this State would greatly
impair his usefulness in tho Presidential Office.
Whether rightly or wrongly, the public opinion
in this respect has very much changed since
then. General Arthur's demeanor at Washing
ton won him great credit from people who
are quick to overlook past differences and
to give confidence and regard to their
public men. If General Arthur were
called upon to-day to assume the Presi-
dency he would receive from tho people
of this country 80 frank and cordial support
that it would he impossible for him-as for
any man of appreciative and generous nature-to
prove false to his mOmentOus trust in the in
terest of any politician or any faction. We
will say that whatever should be the
purposes and intentions with which he
might enter upon his Office, in political
point of view, it would lie hardly possible for
him to so act as to impair the material pros
perity of the Nation. If he remodelled the
Cabinet from top to bottom, changed every
foreign Minister and every postmaster, he
could not prevent one blade of grass
from growing OF one ear of corn from ripen
ing. Every railroad track would carry as
many trains as now; every telegraph wire
would convey as many messages. Good Sc
curities would be worth as much as they were
yesterday; and worthless ones could be sold
at as high prices to the unwary. For a
moment there might be greater or
less amount Of securities sent home
from Europe; but that would last only for a
short while and would soon correct ITSELF
There is, IN short, no reason for app1ehen-
in regard to the President. He is doing
well as any one could hope. And in the