New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-29
TIE NITTON'S S1HTNG TIL.

4 correspondent seems TO infer that HE
TRIBUNE looks upcn the financial situation rs
homeless. Not at all. The country has too
much natural vig0r. and in many years OF pres
pciity has accumulated too much strength, TO
be easily ruinel. Words which describe re-
verso ae n~ccssaiily comparative. There are
fewer men now employed than there were n'nc
months ago. but there are fewer unemployed
than in Great Britain, Germany or France
Wages of labor here are on the whole lower
than they were. but they are higher never'hc-
les, than in any other country. MiIliohS OF
capital arc at risk for time. but even now
the increase in number of wOlks IN operation
or in number of hands employed since 1850
or during any other period is greater In this
country than in any other. The consumption
of tbe pcoplc has indeed been diminished t,
some extent. but even now II Is undoubtedl!
true tat G7 100000 Americans consume more
than douhlc the number of inhabitants any
where else on Garth.
The fundamental facts OF the Nations con
dt;on are not to be forgotten because In cur
rent comments on daily or weekly events they
are not always repeated 4 reaction for this
Nation always means merely slight approx
We arc prcducn and consuming less iron than
last year, for example. and yet 2,ooo, ooo tons
more than Great Brit lin or any other country
in the world. Our railroads arc earning Il
little less than a year ago. and yet alc earning
mo. in proportion u their cost than those Oh
any other county American investments are
still the most profitable and the safest IN inc
world if they are not as promising Tor a tihe
AS thy have been. \ French demand threat
ems hostile operations IN sam, ana the pare
possibility shakes markets in every part oi
Europe but the United States has no occasion
TO fear walS or foreign entanglcmentS crops
elsewhere fail and millions are brought To the
brink of starvation. But the worst failure
ever experienced here only lessons the surplus
available for sale 10 other countries. He who
kccps these facts in mind. as all Americans
>hould. will not be alarmed beyond measure
if rcvcrses appear. They are to be greatly r.
crctted but no other country could stand them
a, well Further. they came largely from the
mistakes Of the people III trying - govern
themselves But the people make fewer mis-
takes in the long run than any other sell gov
crninc nation and much fewer than any Queen
or Kaiser Car or sultan on earth. The
voters are net infallille. but they make stop
ping-stones Of their errors 10 mount higher,
and they always keep for themselves the power
to correct their own blundcrs.
1t is natural that business men arc gloomy
when things arc not gong aS well aS the!
have been in tines past. Bat neither in this
ncr in any other land has there been found
panacea To cure all financial ills. Possibly, in
The anxiety To get things settled rightly, there
has been in some quarters a little too much
inclination to paint III dark cOlors the consc-
qucnccs OF this measure or that. But II Is
only the minimizing and the ignorant who
suffer cXtrayagant words to drive them into
panic or who hide and hoard money in July
merely because of law which gave them I'M
cxamlltd r,grcSs and prosperity in October
1t is always well to get the best laws we can
but it is not ever well to imagine that the
present Silver act if remaining in force would
make Ncw-IOIk a dc Scrt. What the people
need most of all is the calmncss to face all
facts with Il c OF determination to understand
them and profit by their lessons and with an
unwavering assurance that mt even Demo
cratic victory can ruin the United States.