The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-11-16
rnE ELrcrloNs ANp nrsINEss

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country, although it was predicted with the
utmost assurance that democratic victory
on Tuesday of last week would work most
disastrous changes in the commercial
world. Since that great event which has
taken everybody by storm and produced
political revolution in the United States
a has not been before seen within the past
quarter of century, stocks have re-
manned firm and everything has moved on
as smoothly as could have been desired.
Reports from all quarters indicate
that for the past week there has
been very liberal movement of
merchandise from the manuiac-
turing and iobbiug centers as liberal as
during any previous week for the current
year, and the railroads are doing as heavy
business as ordinarily done at this time in
any previous year. These facts speak vol
umes and need no comment. The great
prosperity and financial ease throughout
the Union, which we have been enjoying
for some time past, have not been in the
least disturbed, and the republic moves on
maiestically Sserencly and prosperousy AS
ever The prophets Of evil have widely
missed their mark. FoLGER, who endcay-
ored TO put down stocks by his prognost-
cations of the result or effect if the demo-
Gratis were victorious, has become ridicu-
lous and the country is yet safe, and
likely TO continue so for some time
to come. The fact contains two or three
very useful morals. In the first place it is
very poor business to depend upon the
croakers and politicians as prognostcators
of the business outlook Without knowing
anything definitely about the real status
OF the commercial world, such men are yet
the first to insist that in certain event the
country will be ruined The republican
party has had a long lease of power and
have arrogatcd to themselves credit for all
that has occurred Of a happy character
from financial outlook during their adj.
ministrations. In spite of the enormous
abuses in the government under repub.
lican administrations, the fact is that
the land has prosperGd by reason of its own
great productivencss aid the general thrift
ness of its citizens, The election of a new
set of men on the It'll, with entirely differ
ent procliyities, and the steady run of bust.
ness since, show conclusiyely that the
prosperity Of the country is Independent of
political successes; is, in short, altogether
another question. But further than this,
il may be truthlully said that such a quiet
substitution OF one party for another, pro-
ducng no turmoil and exciting no eyl.
dences of violent dissatisfaction, only tends
to give greater confidence in bust
ness circles, 1t is illustrative of
the fact that changes in the government
are quite different thing from changes in
the commercial world and have indeed
nothing in common with each other. And
yet over and above these is n still more im-
portant lesson. While the revenues of the
government, the finances OF the country,
have been practically placed in the hands
of new men who entertain ideas of ccouo-
my and finance Numerically opposite to
those turned out not flaw is found in the
machinery of the business world, no inter.
ruption is experienced nor fear excited
The conclusion is therefore irresistible that
the people know that they rule and have
within the past ten days simply turned
out unlaithful and put in honest stewards.
In no other nation in the world could such
Il revolution have taken place without u
corresponding change in both the financial
and social spheres. A change of ministry
in France or England would produce II
most marked effect on The markets and
commercial status of both countries, but
here political revolution does nothing
more than change the complexion of CON
gress, and business and society move on
without ripple of excitement Tho fact
is worthy OF remembrance and reflection,
aud will probably, as 1t should indeed, pre-.
vent alarmists in future elections from
arousing apprehcnsions of danger when
there is no ground whatever therefor. The
great lesson is taught that when the people
change administrations in the United States
they have not changed masters but simply
asserted their sovereignty.