National Republican. (Washington City (D.C.)) 1872-1888, 1884-05-22
The Hun,ns.s Mems Indorsem.nt.

The ill-ndvised newspaper friends of oppo-
sition candidates who have been for the past
two weeks belittling the meeting at Cooper in
stitute, and attempting TO make light Of tho
unmistakablo sentiment among business men
in favor Of tho President, are suffering the
pangs Of rude awakening. They hayo mado
discovery and some of Thorn may have
learned lesson. They havo discovered that
the Arthur movement is not an cphemeral
boom, bolstored up by blustor and weak trick
cry, but that it is grounded on tho solid founda-
tion of deserved popularity, and that tho
President has tho confidence Of tho people.
Business men do not go of half.cockod.
They do not go in drovos ut the bid and beck
Of politicians. They know what is to their
| material interest in politics as we'll rs in
trade. 1t goes without saying that what is
bo9t for business is also best for tho indus.
trial classes. Workingmen suffer only in
times Of financial and commercial depres.
/ sion.
1t is plain to tho good sense of tho people
that change which may produce needless
| agitation and panic is not desirable. There
has been shrinkago in values of corporate
property in the past two years amounting to
not less than one billion dollars. The process
of liquidation has been going on quietly,
| aud while IL is true that much of the shrink.i
ago represents fictitious values still IL is fact
that goodly proportion of this vast loss falls
upon the shoulders of the people. The prop
erty was only in the hands Of the stock
gamblers in part. Small investors lose heavily.
The effect Of the evaporation of this
S1,oOo,0OO0oo is felt to greater or less degree
in commerce and trade, not in panic or gem
eral bankruptcy, but in n shriukage of prof
its, closer competition, and settling down
to bed rock. The process is natural and
healthy, and if tho country is not subjected
to internal disturbance hard pan will be
reached without damage.
The situation is critical, and the millions
of sturdy freenen who have accumulated
property are set against change. They arc
determined that well enough shall bo lot
alone. Tho security and prosperity of the
country imperatively demand freedom from
dangerous experiment The revolutionary
fury of place hunters, who want to build up
their fortunes at the expense of national and
individual welfare, will have little influence,
beyond srousing conservative men to a reali-
cation of the danger they ore in from the
schemes of adventures and inspiring them
to action.
The Cooper institute meeting was q protest
against the senseless and selfish demand for
o change in presidents-a change that may
mean widespread ruin and business disturb
ances of tremendous consequence. The
country at large shares in this natural aver
sion to possible disaster. President Arthur
has proved himself safe and conservative
Ho has been tried and found to DO possessed
in high degree of the very qualities that are
needed in chief executive at this
period in our development. He is not
saint, neither is he a Solomon. He is man
OF attachments, Of more than ordinary firm
ness, proud Of his good name and record, and
bent on proving himself worthy of the conf
denCo and esteem OF his countrymen. He
is manly man, plain, straightforward, and
businesslike in his modes of thought and in
his line of action. He is essentially tho man
for the occasion, and he will lead tho republic
cans to victory and the BUSINESS interests of
the country into the paths of prosperity and
peace.