St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-01
CONFIDENCE.

"Hard times tight money" and all
that sort of thing is not, primarily,
question of money at all, but of conf
dence.-SlouX City journal.
A restoration of confidence in the cur
rency will bring more money into clr-
culatien in a month than tho Sherman
act would emit in four years.-New
York World.
The hope of the hour lies in the fact
that the people have more sense than
congress, and the people always have
their way. BY the time congress meets
the country will have Indicated what it
wants. and will get it---New York Adj
vertiSer.
The especial effort of everybody at
the present juncture should be to keep
up confidence in the speedy adjustment
OF financial troubles, and TO act each in
dividuallY so as to assist i'll this very
necessary and highly important work.
A very efficient means to this end is tor
all who can to pay their bills, and so
keep the money circulating on its mis-
sion of good. -Galesburg Mail.
The rather encouraging news comes
from London that the gold. imports
from all sources for the week have been
only $50, 900 and that there is plethora
of money. This means that the Eng
1871 Will SOOIi NC OuN liz hhiCliCulI
curitieS again anu sending gold our
way. The stock and grain markets
have already begun to feel the effect of
this changed condition of affairs. Min
neapoliS Tribune.
The country is now In sounder condi-
ton than it has been since 1850; it is
reader than it has been for dozen
years to start on the up grade of trade
and development. Business Will never
take this upward start so long as no
confidence can be felt i'll the funda-
mental basis of business; in the financial
system on which exchanges are made,
on which credit rests. and by which val
ueS are measured. Restore this conf
dence and recovery Will be Instant
Portland OregOnian-
While public onidence is comfort
able thing to see ana is really necessary
to new enterprises and to the ordinary
transaction of business, no amount of
public confidence is likely to save in
situations that have violated the laws OF
sound business; but confidence can keep
ordinary business going, while the mis-
managed or unfortunate enterprises are
being wound up. No doubt confidence
will be stronger when the silver matter
is out or the way,-Milwaukee Sentinel.
The present trouble must in the nat
ure OF things pass away shortly. 1t
cannot endure longer. People must buy
goods, and credit must be again eX-
tended. The country is too rich to re-
main for any length of time under the
blight of financial depression. Our
cities will continue to grow, and the
agriculturist will continue to find
market for his products. The reports
from New York grow more encouraging
every day, and there are many signs of
the dawn of good times. '-Memphis
Avalanche.
in the great monetary centers the
prevailing sentiment is one OF much
greater security and hopefulness.
Though we need not look for an i'm
mediate access of great business activ-
lty, there is no reason why the recovery
may not 20 on quietly and steadily from
this time. The general expectation of
an early repeal of the Sherman act,
aided by the careful administration of
the treasury, has gone far to restore
confidence in the public credit, and with
that assured private credit will soon
spread itself into all legitimate chan
nelS, and we may look forward to an
autumn awakening of trade that will
prove again the prosperity of the coun-
try.-Philadelphia Times.