Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-08-26
DAILY POST-INTELueEkcER
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II the tone Of the press OF the opsnios
Of extensive manufacturers Be critic
ron, the business interests Of the Uai
ted States are on the eve d . rsyiva
FROM TIE understandable lsshsrgJ whiel
has Oppressed them for the psss ss'
years. In ever section Of The coontfl
the newspapers, through editorials and
intervisss, ara annosnaang THAI bet
ter feeling prevails. that capital IL les
cautions aad that basHness sSan are nor'
hopeful. Ia bGrmsuy With this hope
fuI feeling, and 10 q certain extent tss-
Trying IL, GONE the announcement Of
the marked increase 10 tho wages o.
Pennsylvanis iron workers, which vss
nsads Voluntarily By tho prspristOrs OF
the rpilis, the decrease IN the amouni
Of money locked up In the hes forh
banks, ard the less certain bot still
sienfhssnt ball m.yenasst which has sci
&c Ia Wall street.
IL Is not easy to account for this feel.
tnQ that better times are esEninR, bal
then the present depression has, from
the frst, been an unsssountable Ons 10
all iss phases. According 10 ell sht
rules Of political economy there should
have been no depression at all. The
balance Of trads has bs'en steadily In
our favor for . number Of years our
people have been neithsr reckless nor
unduIy extrsyagauti and 30 have NOT
passed through g war or q great ma
tional srisis Of any kihd. btill, brsi-
ness has been dead, ~ dead that it al
most appeared a. IL IL would never
come 10 life again and IL resarreo
ton Ia really at hand we may be thank
fui for is without seeking 10 know 10
What ve are indsbted for il, since We
have been utterly unable 70 account for
the depression itself.
Te be sure there IL q most hopeful
outlook for both the corn ans the oot-
ton crop, bot It h difficult 10 see how
this viii materially afiscs thu business
Of the country. Who're the enormous
corn crop is 10 be marketed 10 . serious
question. OF course ecfn 10 not Of
tauch value TO she farmer until be fnds
q market for it, and IL doss not yet ap-
pear that there will be any sItfaOrdi-
nary demand for the nev crop. With
cotton, he~sv q, 10 10 different. There
10 fair demand for that staple under
any circumstances, and II the present
hopes OF The cotton growers are realized,
q large amount Of money will doubtless
DO put In CIRCULATION In the Southern
t,iatea. That this alone. however, could
prodaes the lopGed for revival Of In
dussry shrouehoat the country Is not to
be believed, especially since ZOO many
Of the staple crops Ia the Northern
States are partial failures.
The truth must be that the depres-
aion has fairly worn Itself out. The
American pe0ple are not eoaient TO lit
upon their backs for any Rrsat length
81 time. There IS natural buoy aney
In the American temperament which ID
not lost in few years Of depression. ne
matter how serious that depression mas
be. The hopefHi merchant no sooner
msets with reverse than he begins 70
lay his plans for new success. Il Is o
with the people. In tho midst Of stag
nasisn they are laborine for rsviva
Of industry. Capital cannot remain
locked up In bank vaults for any srea
length Of time. productive wealsl
IL worse than poverty. This truth i
forced upon the capitalist when biz
capital u lying idle, and thus oaatioI
begets resllessnsas.
II The revival Of industry IL al hanG
II shail be welcomed witaout regard 20
whence II comes.