New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-10
4 BRIGHTER OUTLOOK.


means and of enterprise, can now take heart
The deprcssion in business which began when
President Garfield was shot should begin
10 pass away because its causes are being re-
moved. There has been for some months Just
ground for hope, but it has not been fully real
led The truth is that the causes of depression
have been in great part hidden from nearly halt
the people by their partisan bias, while only n
few of the other half have seen how far political
changes, and the apprehension of greater
changes to come, have affected the condition OF
business. Men who can look at facts just as
they are, and whose eyes are not blinded by the
ties of party, will now feel that the future Is
full of hope.
What has been the matter of late? We had
enormous crops last year, and have this year all
that we can use or sell Why have men
pinchcd in their buying as if seven lean years
were to come? Labor has found full wages,
and mills and mines have had demand for a
larger out put than had ever been known three
wears ago: why has enterprise halted as If par
alvzcd with fear? Money has gone begging III
the street at . per cent on call why have mer-
chants Of large means sought in vain for
moderate loans7 The bankers have answered
removed. but that public distrust alone re-
NAMED 1t has been so i'll the most sensitive
of all markets Men of strength and pluck
have been glad to hold and to take securities
after a great and long -cOntinued decline, but
they are the few. The many have lost heart as
they have heard the yclls of financial gray
backs whose aim was to tear down everything.
Trade has been large why has confidence been
small Distrust has ruled the hour. The
bankers were right; nothing was wanting but
confidence. But how could the country have
confidence, when those who sought 10 break the
Union seemed likely to have charge OF the
purse and the sword the Nations bonds and its
banks the power to tax and the power to ruin
by unwiSe laws
When President Garfield was shot, the land
was full of hope. Labor was in great demand,
no branch of industry was dOwncast, and Ill
each continued gains like those of 1879 and
| 1880 were expected. Outward trade was rich
! in profit and bright with promise, and gold
! from across the sea filed our vaults. Roads of
! steel laid at the rate OF a thousand miles per
! month brought within reach of markets in a
! single year lands on which l50,000,000 bush
els of wheat could be grown Strong and
! shrewd men were buying stocks, and looking
| for a rise. One pistol shot seemed to change
| everything. The fear of civil strife soon
passed, but there came fear of fatal Republican
discOrd. Once turned to doubt, the hearts Of
men gave out only dismal notes. All the ills
| and dangers were Sccn-that crops were short,
that too many railroads might do harm, that
some were msound, that stores and mills had
multiplied faster than buyers. Good crops,
] 10 In al r,nt
dspel distrust 1t is fact that the worst
depression has come, not from bad crops in
1891, but as a sequence of Democratic triumphs
in 1882. Men dreaded the fall of the great
party under which wealth had grown and labor
prospered beyond all hope. The fear of bad
legislation as TO banks, home taxes and the
tariff hung over all trade and industry. The
thought that those who had never cared for the
public faith might soon have full power shook
confidence in every direction, and long -headed
Democrats began to sell everything wildly, pre-
ciscly because they looked for the success of
their own party.
The scene has changed. Votes cast within the
last thirty days show that the party of reaction
is not as near success as it was i'll the spring of
1880. 1t holds by safe tenure not a single
Northern State Distrusted as much as ever
for its known aims, detested more than ever
for its shameless conduct, and torn by the greed
of its factions, it has left not man now visible
who can be named for the Presidency with n
fair outlook. The party of public faith and true
regard for labor is more united than it has been
| since 1868. One sees neither Grant nor anti
| Grant, third -termers nor bosses, stalwarts nor
half breeds, but only Republicans; who seek
nothing at the South but a free vote and an
| honest count; who are divided no longer about
the currency, the banks or the tariff; who have
put down strife about the Civil Service by a
! law which the President is enforcing and who
are ready to seek by their nomination, not the
success Of any faction but the triumph OF their
ideas and the safety of the country.
There is to be no trouble from legislation this
winter. Those who have the upper hand in
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