The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-15
SPIRIT OF THE PRESS.

THE development of a great and profitable in.
dustry here Is surely well worth securing at the
cost oil a small temporary addition TO the price
of the products used especially there is every
reason 10 expect that the cost may soon be per-
manently reduced by home cnmpetitiOn.-NeW
York Tribune.
IT would in our judgment be national mis-
fortune if the school system should ever pass
under control of the national government. The
schools OF "A State essentially its own institI-
lions, to be managed by its own people and reg
ulated in accordance with its own necessities
New York Eorld
So long as we continue to turn out an artifici al
coin, artificial means for holding to the gold
We have and which forms the only safe curren-
cy, must be devised We cannot afford to lose
gold, but we do not think we shall require any
more from abroad at present, there is little to
create demand for it here.-New York Her
| aid.
THE country is healthfu and laborers are
well employed. The cause of the decline in
prices is over-speculetion in certain stocks and
commodities and it is hardly liable TO extend
beyond those whose business is gambling. Such
men have their ups and downs, and 1t matters
little whether they gamble with ivory chips or
with stocks and grain.-Chicago News.
THE foreigners who undertake to embarrass
| us by land purchase enter into a very large con-
tract. These dangerous attacks on our liberties
must he going on in the Territories, if anywhere
hut the PRECIPITATION is breaking out on the fore
| heads of the country-savers at Conoy Island
These mush- Drained reformers usually work at
very long range.-St. Louis Globe-Democrat.
THERE can he no business prosperity without
confidence. There can he no confidence without
faith, and no faith without mutual honesty. 1t
| is beyond the possibility of denial that one of
the greatest elements OF the dlsJrust that is now
slaught ering values on the New York Stock Ex-
change is the well-founded lack of faith in the
existence of the integrity which these ex-
change values must rest.-Chicago Tribune.
THE present act of Congress [the civil-service
law cannot, like its predecessors, he nulfied by
mere failure TO make an appropriation for its
support II it could, the Democratic House of
Representatives would Rtarve 1t to death. The
only way to get rid of IL Is BY direct repeal and
public sentiment would not tolerate that Any
party rash enough to attempt it would be
to go to the wall at the very next electiOn.-Chi
eago Inter Ocean.
OF infinitely higher importance is it to this
nation, or any nation, that every alien who
comes to reside in 1t should become a landowner
than il is that he should take out naturaliza-
tion papers. Instead of prohibiting aliens from
becoming landowners until they have become
citizens by II form of naturalization, policy of
infinitely higher wisdom would he to withhold
from them the form of naturalization until they
have become land-ownere,-ChlcagoT Times.
THE idea of standing army is so repugnant
to many people that even the proposition TO or
ganize u national militia, wholly under State
authority, has Its terrOrs to some minds. But 1t
should be understood that body of mil tiamen,
organized on a uniform basis. drilled in a
mon system of tactics, and subject to the call of
the national government in case of certain. spec.
flied contingencies would effectualiy preclude
the necessity for "a Standing army in time of
peace.-New York Times.
THE speculative disposition which, under the
circumstances of the last few years, ght have
expanded all enterprises beyond the safety
mark, has mostly found an escape valve in the
margin business, and as consequence, while
the margin business has for the time collapsed.
the operations of regular trade are unlnterrupt-
ed and With fair prospects Of uudiminished prog
perlty. As there has been much denunciation
of the practice OF spcculating on margins OF late
this evidence that 1t has its beneficial uses may
be recorded to its credit.-Louisvill CONNER
cial.