The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-08-14
Goo d Sense and Good Feeling in a
Republican Paper.

fapeE.
We hail with pleasure the appear
ance of q really patriotic and sensible
article upon the business situation in
a Republican paper. The State
Gazette this morning abandons the
business of calamity bowling and
prints a reasonably confident and in-
spiriting review of the situation. The
article opens with these bright utter
ances, to which it is a pleasure to give
the fullest Endorsement
Light IL clearly breaking through the dark
clouds of business and financial depression that
have lately blackened the horizon. The news
from Washington gives reasonable assurance
that the silver question will be settled on q
sound and enduring basis inside of three weeks.
This will relieve at least a considerable part OF
hope and confidence. The financial backbone
will stiffen, and The Wall street jelly fishes will
become vertebrates.
This is the truth of the outlook.
The Gazette might have added that
the influx of gold from Europe and
the release of vast sums in small bills
by the government will contribute
greatly to relieve the situation by re-
moving the immediate source OF
trouble the absolute scarcity of cur
rency-a scarcity which last week de-
generated into an absolute cash fam
inc. 1t is hardly possible that any
thing but improvement can develop
from day to day.
The State Gazette, having thus
touched on the silver question with
good sense and good temper, takes up
the tariff, and, surprising to relate, its
utteranees are not only calm but posi-
lively sagacious. They are SO good,
they outline the prospect so shrewdly
and with SO much truth that we may
be excused for quoting them in full
The silver question disposed Of. Congress will
without doubt take up and proceed to re-
adjust the tariff on Democratic lines. The
country expects this, and Is more distressed by
the delay and consequent uncertainty than by
fear of the actual effects of the coming change.
IL can not be doubted that Congress realizes this
and the necessity Of prompt action. Ii it does
not realize it now the country Will very soon
open its eyes after the silver question is out Oh
the way.
II is altogether probable that the tariff policy
to be adopted by the party in power will be SO
LII ubAAAC V&tAy IA ~ SCAhAa4 A0fA 49,
to afford our industries and CONNER ial in
terests a pretty good idea Of what to expect.
They can then trim their sails to the coming
wind. In the meantime q large number OF
mills and factories are closed, and nearly all are
running on short time. This is enormously re-
ducing production, and getting rid of the stocks
on hand. The fall trade will find them with
empty wareroom,, and with buoys and light
ouses on the tariff looming up out Of The fog.
Then there will be q sudden ana general START
ing up. The doors will open like buds by
April breezes hurst" The wheels and cogs of
industry will begin to revolve and hum. Light
viii break, the sun will rise, and day will be
here.
This is SO different from the custom
airy Republican tone. that we are par
alyzed with establishment at it; but our
surprise does not prevent us from doing
full honor to the public spirit and sense
of truth of a paper which thus boldly
breaks away from its party to be the
honest and faithful adviser Of the
people. The State Gazette wins itself
new honor and higher repute than
ever by its honesty and independ-
ence. 4T
1t is indeed true that if the pros
pect of tariff change does any injury
to industry it is on account of the un-
certainty concerning it. The outlin-
ing of the Democratic policy will, of
course, aid both manufacturers and
importers in gauging the market
probabilities and business will come
down to a basis of security of some
sort, and that is just what it needs.