The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-21
"A BULL on THE PEOPLE"
Facts Showing that 1t II Perfectly Safe to
Trust the American People.

New York Tribune.
1t was that dark day when mobs stopped
the commerce OF a continent on twenty thou
sand miles of railway. Half million Of
workmen 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 vollcys OF
sharp shot and Pittsburg saw the mob and
its torches destroy S. 600, 600 worth Of prop
erty. There was panic on the Exchange; men
who rarely show the white feather were
selling wildly, and the graybacks of specu-
lation were in their glory. While the storm
ragged n man of nerve and GOODNESS was
buying stocks by the million. What
are you a bull for?' asked friend in
amazement. Il ann a bull on the American
people," answered the buyer. They must
have law and order. transportation and trade
and you may trust them to see what they
need and to get it too" 1t is said that he
cleared some millions by his pluck and
sense. New York Central sold at 1914 Lake
Shore at 46% Michigan Central at 40ja,
Lackawanna at 3SH, ST. Paul at 90, North
west at 49, 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 day;
within month he could have realized all
the way from $11 to S24 on every share then
bought, and had he held 900 shares each of
the stocks above named, then costing 1913,
$50 within four years he would have real
lied a clear profit OF $644 $50.
1t pays to have faith in the country and
faith in the American people, 1t pays not
only in making investments, but in all bust
ness and political calculations. There are
times when securities are not good to buy,
Just as there are 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 coun-
try is going to prosper will find it good be-
have E'snppiallU W
gloomy, when the good sense or the con-
science of the people seems dead, and when
some form of popular folly or madness
threatens destruction, he who has in
him an unfal tering and abiding faith
is sure to be called "lucky" before
to be sure, who bought government six per
cents at 80 i'll 1861, or government tves at
rs when war was raging; what lucky men
p" who bought greenbacks at 50 cents on
the 49,. 1864; what lucky men those
who took four t."r cents at 80 only about
than any luck to have falvn =, the United
States?
1t is the same in politics. The man who
thinks that the average American citizen is
going to make a fool OF himself, or to prove
a knave 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 cure any man of the expecta-
ton that the nation will prove unworthy of
Its freedom. They have sustained the
cause of loyalty and justice through
tremendous civil war. They have
sustained the same cause through all the
trials and difficulties of reconstruction, which
wise foreigners thought harder task than
the suppression of rebellion. They have
fused to pay the bonds in deprecated paper,
and have made the nations notes as go cd as
gold. They have settled in peace and with
TOD, Ioy,f iolD lo
have beaten the Democratic party five times
in succession, though it started with a GER
tainty of success each time 1t is safe to say
that people capable of such things will find
a way to protect their nonor and defend
their interests, whenever either may be as
sailed. The party that trusts TO the igno-
rance or wiclledness of the people, and the
spectators who reckon that the country is
going to the dogs, have both been punished
otter enough to know better.