The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-17
SPIRIT OF THE PRESS.

THE enemies of the south to-day are the sur
wing relics of of the lost cause. fine is rap
luly thinning their numbers, popular intelll-
gence is benumhing their power and influence.
The new South is growing into Republican faith
and national realty,-National Republican.
OUR advice to the "outside public and to
investors" is to keep out of Wall street for Il
while II they have money which needs to be
laid out. let them put il into real estate. That
mains the best security" and for some time
mas been almost the only trustworthy one.-New
York Herald,
DANGEROUS while lying in the national treas
ury, u the surplus fund.- would become. hun
ureu-told more dangerous If 1t should be distrlD-
uted among States that have learned to rely
upon their own resources. IL is the fruit OF over
taxation, and the evil that originates in 1t can
pest be avoided by reduction of those taxes
mat are most burdensOme to the peOple.-New
York Times.
so long as the South viii not meet the North
halfway, and political prejudice turns the cold
shoulder and repels those ready to make invest
ments, there is no likelihood that Northern cant
tai will seek its doors. All it has do is to open
It's doors Hospitality and give the Northern guest
the freedom of the house on terms of equality
with the other inmates If it wishes TO be richly
repaid for Its welcome.-Chicago Tribune.
LIKE the slaveocraoy the saloon interest pro
resses to be strong in organization, and assumes
TO decree the fate OF whoever and whatever Op-
poses Its claims as ruling power This sort of
thing will not go down with free and high spr-
TIED people, and the time has come when the
liquor interests of this country will he obliged
TO choose between submission to wise regula-
VI q Cohpl0to CEuSHl0E Oul.-Ol0NcldHu
Leader.
1T is this mixing up of Legitimate with legiti-
mate trade which constitutes, probably the only
weak spot in the financial outlook. The coun-
l-try, on the surface, was never so prosperous 1t
has sufficient product in sight to liquldate all
legltlmate demands upon 1t. 1t is upon this pro-
duct it must lean for support during the con-
tinuance Of the present depression, caused
wholly by too many purely speculative ventures.
Chicago News.
THE law of gradual development-the prin-
I tor fna fhnr
not be set aside in education any more than in
anything else. If the States of the South let
alone. II the national government Will keep It's
hands on the illiteraoy which 10 frightens these
| alarmsts and enthusiasts VIII gradually disap-
pear, and the local sentiment of each separate
community will support the schools fitted for it.
-Philadelphia Times.
IT is within the bounds of possibility, OF
course, that the time may come when it will be
expedient to organize the militia upon a strictly
national basis. No project of that kind, how
ever, ls worthy of being taken into considera-
ton at present; on the contrary, the State idea
Is a particularly valuable one at this juncture,
for upon 1t rests almost the sole hope of such
militia reorganization in most of the States as
VIII amount to something Observation-Disclosures
pha Telegraph.
PUT it down as a settled fact that all panics
are preceded by long periods during which con-
sumption keeps ahead of production. 1t is over
consumption, not Over-prOduction, which we
nave to fear. We never predict failure for a
man who lives every year clearly within his
| income. 1t is the spendthTift who fails, the man
WI" oaiuS Ouo lHuusdnu HIa SIlenuS Two. 1uere
must be for alm a d6y OF reckoning, it matters
not how generous his friends may be, what
evidence of wealth he may d1splay.-LouisvIlle
Courier Journal
THE notion that the capital of telegraph COM
paDy ought to represent only the actual cost of
wires and poles is as absurd If one should say
that profitable newspaper was worth more
than the old type and presses in its office. The
patents held by telegraph company, aud the
established business and good will which it has
under and In addition to Its contracts with
various corporations, are much the more i'm port
ant part of its property, but of this part the
labor organizations seem to have no idea what.
ever.-New York Tribune.