The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-10-21
HOW NEW YORKFEELS
POLITICS AND POVERTY, EMIGRATION
AND IMMIGRATION, IN GOTHAM.
Poles, Huns and 1t alians Are Going Homo
by Thoussnls-Signs That the Worst of
the Panic Is Past-Some Rays of Hope.
The Poorer Glasses.


NEw YoRK CITY. Oct. 1a-LSpec;al i
This metropolis has reached tho second or
philosophic Stage in its discussion of tae
recent panic and prevailing depression in
business This IS the invariable rule.
When a panic frs strikes the country.
there is a wild cry OF dennnciation Of some
particular law or policy then existent. All
the woes are charged TO the one cause. By
and by comes the sober second thought,
and the real cause is recognized. bat it is
never, even by accident, tie cause first as
signed. One thing. therefore. every reader
may rely on-if his favorite paper has for
some weeks past vehemently assaulted
certain thing as the sole carlse OF the panic,
he may rest assured thar that thing is not
even the chief cause
Signs of the Times.
The phenomenon OF the month at this
port is that emigration is now in excess of
immigration This is not SO strange as
such a condition would be earlier in the
season, but still it is remarkable 1t is the
rule that foreigners of the lsboring class
returning home nearly always go late in
the fall. They work till the best paying
jobs are laid aside for the winter, then
withdraw their cash from THE savings
banks and sail for Europe, for even if they
design returning III the spring winter of
idleness in this country would cost them
more than such winter at their early
homes and the fare both ways, to say moth
ing of the pleasures of a visit. This year,
however, they are going in immense num-
bers because it is taken for granted thar a
hard winter is before the American laborer
shall we open our doors to this fiood of
unrestricted immigration?' asks the Amer
lean laborer, with something like indigna-
ton in his voice.
who made them your doorss' is the
tart answer in reply. And truly it is not
easy to answer the answer. Nevertheless
native laborers and such foreigners As are
naturalized and expect to remain perrna-
nently do not conceal their JOY that the
Huns are going home in great numbers,
and that almost as many Poles and Italians
are also going.
But it is serious thing for the savings
banks in some sections. Here are Poles
and Huns and Italians who have dressed
In rags, slept in huts or box cars and lived
largely on what Americans would call
scrap meat for two Or three years, but
when they decide to go home each one
draws some 81 200 to 5000 from the local
savings bank. The money paid for their
fare goes to European company, of course,
and aside from that each departing for
eigner spends dollar or two in New York
If unusually reckless. So the real New
York laborer rejciceth greatly as they take
their fight and says, Good radiance to
bad rubbish"
The Worst Over.
It is pleasant to observe in more than one
metropolitan journal indications that the
reign of terror on the panic and the silver
question has measurably passed away. All
panics are generically due to the same cause
an undue expansion of credit-but the
phenomena connected Herewith and the
forms assumed by that expansion are al
ways different, and it lis the fashion to avoid
the real cause and explain the panic by the
most striking of the phenomena.
The panic of 1871. the first the nation suf-
fered under the constitution and the worst
until 1887 came on this city like chief in
the night, and by common consent Alexan-
der Hamilton and the United States bank
were made the scapegoats. The real cause
was tDdC tLC AISt ANdpOICoulC war Ddsl
raised flour in this city to SIG barrel and
other foods in proportion, creating tenn
porary prosperity, which led in turn to an
expansion of credit.
Similarly the panic of 1919 was due to
the unreasonable expansion following the
war of 1Sl2-l4 and was charged at the time
to other things. The expansion of 1857
went to height which now seems like in
sanity. The resulting panic was charged
to the specie circular. 1t was the same in
1873, and it is the same in 1898. While the
panic is raging no one will admit the real
cause. When they begin to acknowledge
it, it is sign that the worst is past. So il
is pleasure to find such men as Henry
Clews and Matthew Marshall pointing out
other causes than those usually assigned
and to note that financial editors begin to
accept their views II shows that the fran
tic stage is past, and that business will soon
start again ON more conservative and solid
basis.
The Old, Old Story.
, The campaign is on. and we hear the usual
cOmplaints-that good men do not attend
the primaries, that they do not register,
that they allow the ritfraff 20 run the city,
and SO On ad nauseam. the same complaint
was made in Athens in AT 3. c., and Arts
tophanes On the stage ridiculed the rich for
allowing "Cleon, the leather seller" TO run
the community. In the time of Nero, i
believe, similar complaint was chest
nut" But, history aside, it is fact that
in New York at this present writing the
men OF the east side and the down town
wards, in short, the poorer classes, keep
their eyes on the fiddler and know ex-
actly what is going on. And it's Gods
blessing that they do Those whom for
tune has raised above the necessity Of in
cessant toll should be the natural leaders
Of the people When they abdicate their
bad government is their legitimate
punishment, but ia this city they get bet
ter than they deserve, for despite all the
racket tie metropolis has a fairly good gov
eminent.
Little Poverty Seen.
Much is said in The papers about the idle
and starving poor in New York city. Well.
have been mere several years, and if thers
is any more suffering now than is usual al
this season ! see no signs Of il. There GER
tainly are no more beggars on the streets
and IN the parks There certainly IL
much whisky drunk a. usual. And the ay
peals for food A. our basement doors are
bot mere numerous than last year and tee
year before. COMMITTEES devoted TO that
WORK may find more cases OF destItEtion -
the dark quarters. but there IS a strange
ia 1neir testimonies. On the SUI
face New York j. a. it ieag has seen- Oh
the whole, | am satisfied that we New
Yorxers are no poorer tilan yye always haTs
been after paying FOX our winter clothes.
Weight OF Million Dollars
Have you Any idea bow much n million |
dollars would weagAs .efereuce Is here