The Indiana State sentinel., 1883-08-22

ficted. and this is especially true when
fur ries in ste cks ara reported. Such dis
turbances affect very few people, compared
to the whole population Every day or two
We hear OF excitement in the New York
stock market; that certain stocks declined
and that panicky feeling exists. The pur-
pose seems to be 10 create dismal feeling
throughout the country, and to involve all
interests, when. in fact il is war among
notorious gamblers. and their betting is as
low and vulgar as at any den where poker
faro or monte is played. 1t is we'll said by
the Philadelphia Ledger in recent
issue that ''when business concern swells
itself up with two OF three millions of
debt, and has but half million of substance
TO show for it-snd that halfmillIon the
property of other people--it comes almost
uniformly from reckless specuatioO-ysm-
bling on the chances of the market, in
watered stock, lard or leather margins, corn
or cl0yerseed corners pork or potatoes Ito
arrive" or the August stock of ssnbeams
grown from cucunbers. The difference be-
tween the enormous column of debts in such
cases and the beggarly exhibit of assets the
quarter, has gone the way of all such empti-
ness. There was little but debt at the start,
puffs of wind and backets OF water-infation
and dilutlon-and what else can be expected
at the end" That is about the size of an
average furry in stocks, and they occur
almos. daily in New York. The lightning
takes the repor.s to all the business centers,
ap1 ha aOrfa ton ant m nd hat
the business OF the country is gJiDg to the
ooss. The Ledger adds:
Il Goes not require even az accustomed eye to
~ >sIve that business is moving elon' at rate
that fully up TO the average of the first seks in
August even IN what are regarded good times.
The facts pointing In this direction are unmistak
able. and it would be rather difficult TO disprove
declaration that business Is in better trim than 1t
was this time a year ago Orders for goods are
coming in and the goods are going out. Barricades
of boxes and bales and packages loading and un-
loading indications Of activity. The tisribut-
ing points In the interior getting ready for the
fall trade fully early as, II not little earlier
than, common. 1t Is true there are some strikes
aud other bolheraions here and there. but the in
terests they affect though laTae those within the
circle OF their influence, very small indeed
sources and activities OF the whole country. LsOk-
ing over the field. the intelligent observer can
hardly fail TO see, and to say the outcome of his
observation. that whoever "a engaged In real SUBJ
stantial legitimate industry, trade traffic busi
ness, and has his hands free from speculation,
may rest In quiet so far any valid cause of un-
easiness is concerned. lie has no OecAsion for
panic for no belongs TO an immense majority of
those who are the actual business men of the
country. He and they support ana give strength
o. each other ini their power IL too strong to be
M delmined by the "wash" of the msrSet"
1t will be well for the people to understand
that flurries in stocks have very little to do
with the general business of the country and
to treat them with deserved indifference.
When there is great disturbance in wheat,
corn, provisions and other commodities in
which the whole people have an interest, Il
may be understood that the banks are help
ing spectators to organize and carry through
corners the influence of which is pernicious
to the last degree and for which the ssverest
penalties should be imposed. 1t is gambling,
pure and simple, and as much worse than
any OF the ordinary gambling devices known
to sportsmen as cholera is worse than tooth
ache.