Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-07-31
DAILY POST-INTELuGEHcER
rnr pRsaRaeles o fRADE.

TEE D&sHRa&ios IN FkADE
Within the past yess is has Frequently
bssn rsnasksd b. thSsehsfal bosinAss
nssn that tbs period Of DEPRESSION IN
trade through which ss are ~ present
passing has 10 parallel In history. IL
eonfounds eli the ealsuisti0as Of The
fnanessr, and tIshem ali the rnlss Of DO
litisal soonossy. n there we're nothing
else 10 make IL extraordinary Its 1nIysr-
salty would d. %. Former trade cs-
pressions ha.s izsn&iIy been couaDsd 10
ons country. EnGisDa has bssu visited
by them. froln line % time. AZ other
times America has been the sufferer.
Again il was Holland. again Germany
and again Pr&acs. Nos, however, the
depression 10 Rsnarsi. and Il SouId not
be 40 easy matter 10 tell where 10 h
worst. The complaints arising from
ths people Of Engisnd are ~ b0ud as
thoss heard ia Amsries, and The psopss
Of continental Earops are ~ dsscon-
ssnssd ns th0's of India. No Nation is
ssioying prosperity, sad 10 no part OF
zoe world ID trade In . noEsnaI eoodi-
tiOn.
Il "a useless 10 apseulate - 70 the
causes which tave bFoaeht sbsot %
great q stagnssioh. II arsses from no
local inGasnoesL IL is tbs result Of
esases which aaeet The condition Of the
entire human race II Is one Of the
phsnomsna ineidsnt 20 the change IN
social conditions and political idsas
which has beeE progressing vsth con
SANITY ineressinR rspidisy mace the be-
RiRning Of the ssntnFy. There will be
. general revival Of trade vhsn in the
natural course Of events the depression
shall have worn itsals out. And there
viii be none before that time.
RsmaFkabls ~ this depression - IN
its general aslps'ot. 10 10 vastly more re-
mmskabis when visved with especial
references 10 its manifestation In the
United Statsl By all the rules Of po-
liticai economy. By all the Inaxims of
b1sinsss, By MI the indications By
which Statesmen have been accustomed
10 judgs. The Usi,s,d States SHOULD Be
In the midst Of . period Of the greatest
prosperity. 10 should Be. bat II is not
and when asked Why 10 10 not, ono oar
only sheks bis had IN confession Of
ignorance. 10 h useless 10 gfops abou
fss local explanations. for al local indi
cations point 70 prosperity. The peo
pie Of ths United States are 81 prsssn
duly economical Ia their hs.bita OF liv
Inc. rhsy havs net iast passed thrOuRl
period Of Wild sxtFsvaRsnee, - Va
the oaee vtis,, the panic Of 1878 sud
dsaly broaghi them 10 their senses
Basinsss has generally been oonduete
on SQUAD principles. and nothine ha
taksn plase 10 seriously shake conf
dsnoe.
Daring tho fissal year ending on Jun
30th, the Units,d States imported me
ehandise 70 ahs amount Of s577, 81 6.s5
Daring the ssme period the export
amounted 70 t74i .sss.6ss. The amour
Of money whioh came into the eeuntr
In exchange for merchandise must the
have been eli,4 4ls.sss more than wi
paid out. ona may well inquire VIII
has become Of tha money, a. we'll q
OF the enernoas amoants which ha,
been received in the same manner dul
Ing the few years preceding that iul
passed, and Of that which has been do
from the earth daring the same perio,
Its presence 10 surely not Eel, In d
commercial transactions OF the countr,
II has NOT been invested IN railroads Q
other public improvements. The Go,
erument hss not been q borrower. N
foreign loans have besn placed. To b
auFe, the banks hold portion Of IL, bu
only fraction Of the entire cum cal
be accounted for in this manner. VIVA
has become Of ihs rest Itis the erea
ansnsvarabia qasry Of our times.