New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-17
UR. BEECHER TALKS.
HIS VIEWS OF THE FINANCIAL STORM.
A SETTLING UP THAT HAD TO COME-sYMPATIY
FOR GENERAL GRANT AND ME. sENEY.

A SETTLING UP THAT HAD TO CoME-sfMPAlhh
FOR GENERAL GRANT AND SIR. sENEY.
Mr.. Beecher talked in Plymouth lecture-room
last sv1n OF the lessons Of the disturbance in
Wall street and referred parti u8rlv 10 General Grant
aud Mr.. scney. He said that such disasters ~
those OF the past week the necessary
result of a system of credit, and credit
was the poor mans tool panic was nothing on
earth but a settling up, and went 10 the very roofs Of
things "Abou. once in ten years. continued MI.
Beecher there a settling M in the credit system Just
now the whole country is very safe Men using money
or the forms of ii called stocks and bonds,
arc troubled little But there be no great suffer
ING when there is much property that II can't Dc
sold Theproducers suffer some, but notn ploporuohto
the capitallsts There is enough meat, WOOL
cotton and grain enough everything except the material
for ambition The who wanted to get rich In five
wears must wait while. But the average Industry
Of capital II stands higher plane
with gigantic resources and vast interests There ia
plenty money IN NewYork, but 1t cant De got lns
tTOube is what always comes from oveTradihg Gref T
good business and invests In stock a1, OF ,,n Is
he IS greedy know tive tried it little Laughter
made lew Investments at one time suppose put IN
books and put It in to make 25 per and lost it all
If I bad been content with 7 per cent / might
lone Of tie lessons OF the week ia the value Of cha
scter for honesty, integrity and truth When When
monrneG II was NOT gong down only
a under think they Will soon DC on rect
But il successful bad, selfish man fails, All say ibsnk
COli' Burning birthstone would be like balm 10
me compared to such a scOrchipg OF pubic reel
in When man has earned such reputation IS General
Grant FOR absolute simplicity, absolute trtLlIlhess
ana straight for"ardness and honesty ne IS sac
General Grant has made mistakes and done what
wish ne had not and possibly he Is sorry for But
when nc and his went nO large concern OF WHICH
they knew nothing more than do and 1t played tne
mseAief with his and his boys, the whole
nation rises up aud says he is not to blame II Jim Fisk
were and had done this there il not man Dut
would have said he's rogue; hut Generai
Grant has earned such character ana
reputation that the whole Nation says be IS not 10
blame. siupIc, dear old fellow! he knew nothing
abOut the ruin. Applause just about ms
time Congress hOnOr1ng itself by restoring him 10 the
Army and putting him the retired list. II is noble
thing to do and thank God for 1t. He has been bu
fetted by politics but that is over. and his hen
esty and integrity the Nation honors. when
think what done for Wellington. for MARLBOROUGH
the children OF the Queen we honor, our treat
ment OF great mcD is paltry. .
George Sency has under-a man closely ldenti
fed with Brooklyn who has invested a million whore
bankruptcy will reach II. His hDerality
has never been equslled in Brooklyn. He has
udulged In extended and unsafe business and all has
gone by the board rolled in bankruptcy, near to It.
mau ever good must keep within natural laws or he
will lose hope he will come back To another period or
prosperity. carry again his generous disposition