New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-17
strike the instant he is obliged to ask any con-
sidcration of his necessities from his employees.
a. BULL ON THE PEOPLE"

II was that dark day when mObs stopped the
commerce of a continent on twenty thousand
miles of railway. Half q million of wOIkmen
spent a week in forced or voluntary idleness !;
merchants waited for goods and cities for food /;
the United States, by courtesy OF foreign
Power, sent its heaviest mails through Canada !;
ten cities heard voleys of sharp shot, and Pitts
burg saw the mob and Its torches destroy
SIS, 600. 900 worth of property. There was
panic on the Exchange; men who rarely show
the white feather were selling wildly, and the
drawbacks of speculation were in their glory.
While the storm ragged, man or nerve ana
GOODNESS was buying stocks by the million.
What are Won a bull for ~ asked friend In
amazement. II am bull on the American
"pcople," answered the buyer. "Ihey must
have law and order, transportation and trade,
"and YOU may trust them to see what they need
81 and to get it too 1t is said that he cleared
some millions by his pluck and sense. New
York Central sold at SOLE, Lake Shore at 46l2,
Michigan Central at 40l2, Lackawanna at 3Sl4,
ST. Paul at 20, Northwest ut 10, and Western
Union at 60. The man who bought could not
have sold at any lower price, for prices have
never been as low at any time since that gloomy
dov: within month he could have realized all
the way from S11 to $24 on every share then
bought, and had he held 1000 shares each of
the stocks above named, then costing S313,75O
within four years he would have realized clear
profit of S644,250.
II pays TO have faith in the country and faith
in the American people. 1t pays not only IN
making investments, but in all business and
poltical calculations. There are times when
securities are not good to buy, just as there arc
times when wheat or cotton or iron Is not good
TO buy, but in the long run he who acts on the
belief that the country is going to prosper will
find il a good belief to have. Especially when
things look gloomy, when the good sense or the
conscience of the people seems dead, and when
some form of popular folly or madness threat
ems destruction, he who has In him an unfalter-
ing and abiding faith is sure to DO called
D." lucky before long What lucky men those
were. to be sure, who bought Government six
pcr cents at SO in 1851, or Government fyeS ut
10 when war was raging; what lucky men those
who bought grecnbacks at 80 cents on the dol
lar in 1861 what lucky lien those who took
four per cents at 80 only about four yeala ago.
Or is il something better than any luck TO have
faith i'll the United States 7
1t is the same in politics. The man who
thinks that the average American citizen is GO
irc to make a fool of himself, or 20 prove a
kraye, will sit down in the ashes of his hopes
and lament his own folly. Five things the
American people have done, any one of which
ought to care any man OF the expectation that
the Nation will prove unworthy Of it, freedom
They have sustained the cause of loyalty and !
Justice through tremendous civil war. They !
have sustained the same cause through ali the |
trials and difficulties of reconstruction, which |
wise foreigners thought harder task than the |
of rebellion. They have refused to |
pay the bonds in deprecated paper. ANA have /
made the Nations notes good "A, gold. They |
have settled in peace and with horOra contested |
Presidential election. They have beaten the !
Democratic party five times in succession.
hOugh it started with a certainty OF success,
ZACH time. IL i, safe 10 say that n people |
'Ipablc of such things will find way 10 protect
heir honor ard defend their interests, whcu
yer either may bc assaulted. The party that
Iusts to the ignorance 81 wckcdEc>, of the
,copc, and the Spectator, who reckon that the
ouutry i going to the dog, have both been
punished often enough 10 know better.