Alpena argus. [volume] (Alpena, Mich.) 1893-1909, 1893-08-30

of the country into a state of COM
parative suspension, for whatp
We have seen for what. Must it
lastp We say, no. IL is no longer
needful but suicidal for this great
country to be an apron string to
Wall street, or to derive financial
inspiration or paralysis from what
goes on IN that breeding spot for
financial vermin. II has always
and in every emergency proven it
self recreant to any consideration
of national preservation or national
integrity. It is essentially and in
variably un-American and thorn
in the side of this people. II has
been sowing the wind for genera
tions; it is now reaping, and will
henceforth continue to reap the
whirlwind. Recent innovations of
radical tendency foretoken the
future trend. Old ruts are being
abandoned and wider channels
marked out. 1t is no longer in all
cases needful or desirable that
foreign exchanges should find lodg-
ment in seaboard cities. Financial
agencies with power to make or
mar the welfare Of the nation are
not henceforth to inhere in single
corner of it's geography. Diffusion
of this power will be the only guar
anty of immunity from its certain
abuse. IL will come-is coming.
The country is looking to con-
gress for relief in the form of leg
islation believed to be necessary to
allay public fears and restore public
confidence. The repeal of the OBJ
noxious silver purchasing clause OF
the Sherman act is commonly
thought to be the most effective
thing in that direction. But We
are of the opinion that regardless
of what congress may Immediately
do, short of revolution, or not a,
once do; or whether it should dc
anything or nothing right away
there will still be no sufficient rea.
son why the business of the coun'
try may not be BEAUTIFULLY revived
That is, there is no more materia
reason now why business should
languish than there was any valit
cause for it's arrest three months
ago. Not a bit.
Precisely the same material con
dition of affairs exists to-day tina
existed then, and it only needs re
turn of the same confidence t.
largely reinstate it with prompt
ness. The Lumbermen does no
feel warranted in venturing posi-
tive prediction to the definite effect
but this paper confidently expect
andwill be disappointed if it fails t.
see cheap money within 90 day
from the date Of of these presents
If congress should prove to b.
equal to the emergency and doe
what is popularity demanded OF i
promptly, well and good, a stride
forward will have been THEREBY
gained.
We do not believe that congress
can fail to respond to the popular
demand sooner or later, but repeal
that this question should not Of it.
self stand in the way of a reviva
of all legitimate enterprises. IL tn,
money of the country was menacet
in manner to make it positively
bad, corrective legislation would il
that case be vital prerequisite t.
a return of confidence; but it ISM
and everybody knows it isn't. Lee
the public not be distracted ant
frightened by the fact every MAJ
in the country is lying awake
nights to devise some new and un
heard Of cause of the trouble and q
cure for it. Let the whole bust.
ness be narrowed down to two OF
three simple questions: Is money
bad or any worse than it was three
months agop If not is there any
less material for enterprise to work
OH now than there was then? Il
not, then why in the name of com
mon sense don't we 60 about tax.
ing advantage of it? There never
was a time in the history of the
country when opportunities for in.
vestments were more certain tt
yield big returns than right now
IL the currency is to be deprecated
If that is what is feared-now il
the time to use it before it's pur.
chasing power shall have been i'm.
paired. What is the country afraid
of? Does any man think that
Wall street has strangled it beyond
recovery? OF course 'not..-NOrth.
ern Lumberman.
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