Daily Republican., 1881-07-30
SATURDAY. JULY 30, 1851.
Panic MOngerS.


upon the country. we are to oelle
an article written recently III the Ia
Mall Gazette which was prepared douc
less by some speculative fnahci
crOakers on this side Of the water, III
countrv is on the verge of deSpera
financial trouble, and horrible cons
uuences will be with the greatest ON
Guilty avoided.
We are reminded that great CONNIE
cial calamities usually come in times
great apparent prosperity. There Is
possibility that some real harm 10 IL
public credit and to legitimate bushes
interests may be done by these PAM
mongers, whose only aim is to max
money by speculation in stocks. 1t
very important that the progress OF hol
est industry and legitimate bushes
shall not be retarded by gronndless al
prehensions.
These croakers are sure that tn
President is going to die, that the crop
are going to fail, that the railroads ar
going to the dogs by reckless compefl
tion, and that there is going to be ~ Ter
rible struggle between capital and labo
before long. They are all most lnfa
NOUS concoctions got up for a ruino"S
speculative result. Infamous false
hoods about the condition of the Presi-
dent have been put in circulation, the
regular attending physicians have been
declared a failure by such men as DR..
Hammond. a man who was court mar
tialed and dismissed from the army, but
all the surgeons in attendance, aud all
the friends about the President agree
that the published bulletins have been
accurate, and that there is every reason
to indulge the hopes which the surgeons
in charge have constantly encouraged.
Rational persons will continue to place
confidence in the statements of the com
petent physicians and give no c.ed"nce
whatever to the assertions of spccula-
tive panic mongers, or surgeons who
are moved by personal spite and jeal
ousy, and have never seen the distin-
guished patient of whom they speak.
The President may die--iudeed there is
no security for any person living long,
but should he not recover no permanent
harm to the business interests Of the
country would result from it. In re-
gard to the failure of the crops, only
wheat is short. and that yields but
small part Of the profits of agriculture.
AS al offset the cotton crop promises to
exceed the unprecedented yield of last
year. This will more than make up the
deficiency in the wheat crop. This in
crease, it is true, is in the South, but
that is Just where it is most needed and
whatever benefits the South must re
suit in benefit to the North also.
Though the weather has been very
dry, and the corn in this section has
suffered, take the country all over there
is prospect for a larger yield this year
than ever was known in this country
before. The country is not going to b-
ruined because one out of many crops
fall back little behind the Others
The strife amongst the railroad com.
panies need cause no serious apprehrn-
sions as it is confined almost exclusive
ly to spectators in railroad stocks.
What the railroads are losing is pocket
ed by both producers and consumers
and only those wko want an exorbitant
usurious interest for their money, are
the sufferers. This railroad war is only
kept up by two or three men who are
the largest holders of stock, and who
have some object in view and it will be
abandoned as soon as that object is ac-
complished. There is no danger of
them allowing it to 20 too far, az il
would ruin themselves and ninc-tenths
of the people would not care if it did.
There never was u time " hen there
was more harmony between capital
and labor than at present except lit
tie friction in Wisconsin there is not
the slightest sign of any serious conflict
between employer and employed in any
important branch of industry. In
word there is not cloud on the bust
ness horizon except in speculative cir
cles, and there always will be specs
there 80 long as there are people who
try to live by their wits and without
honest application to labor and indus
trial pursuits. What becomes of the
gamblers in grain or stocks, cotton or
pork, the country nee,i not care, though
it would be well for the country if they
were hit hard. All legitimate business
il on more solid footing than ever be-
fore. 1t rarely happens that there has
been as little possibility of any indus
rial or cOmmerci Il disaster. Then LET
the crOakers crOak on. Let them pre.
dict all sorts of direfuI calamities, it ia
their occupation and if that was gone
they might possibly be !orced to do
something worse. Ire President from
present appearances will live, there
will be a bountiful wheat crop though
not quite SO large as usual; there will
be an extra cotton and corn crop; the
people are having cheap railroad fares
and transportation, so let the bulls and
bears fight on; there is plenty of labor
and no need for anybody to be idle.
There is no room for fear. Everything
Is right and everybody happy but tn
speculators.