The old Abe eagle. (White Oaks, Lincoln County, N.M.) 189?-189?, 1893-12-28
LOOK FOR THE SUNLIGHT.

The year that will have closed before
the next issue oi the EAGLE has been
one that the people OF the entire coun-
Try will look back upon as time OF Pc
culiar hardships to men in every calling
and condition of life; and state Of things
thut the wisest and most studious OBJ
server OF economical causes and effects
could not satisfactorily account for. A
paralysis was apparent, but the cause
or causes OF the paralytic condition were
hidden. Money owners first became un-
certain as to the safety OF investments.
Property values shrank. They became
alarmed for the safety of the banks, and
the steady withdrawal OF deposits in all
arts OF the country were followed by
the inevitable ouseqnence-faiiure OF
the banks. The money WAS in existence
as before; but it was not i'll investment,
not in the hands of the millions for use.
There was not congestion OF money at
the great financial ceuters as sometimes
occurs, but the money was in the hands
of its owners-the frightened depositors;
not in the arteries nor the veins nor the
heart OF the great system OF exchange,
but clogged in the capilaries.
Will the New Year start 1t into active
circulation again? At present We can
only hope that it will. The natural ten
dency OF American money is to keep in
motion, aud it takes an abnormal condi.
tion OF the public mind to check it. That
condition has been present during the
year 1893 as never before in Americas g
history.
Enterprise is a dominant American
trait, and cannot long be suppressed.
Cut off one avenue Of activity and it will
promptly open another. Shut up all,
and it will pause, re-adjust itself on new
lines and make for itself new opportu-
mites. A local phase OF this re-adiust-
ment, favored by natural conditions, is
in progress in Colorado where the miner
Of silver was metamorphosed into the
digger OF gold, leading to large and val
liable developments of the field OF the
seductive metal. And the two southern
territories have caught much OF the Col
oradoan overflow in their undeveloped
gold areas. In the east where the con
ditions are more artificial, there are more
difficulties to be met and new channels
OF activity are less easily opened.
May we asonably look 10 the opening
year with hopefulnesss As the Ameri-
aan mind is constituted, it seems certain
that the staRnation must soon be broken
and the stream OF enterprise assume its
wonted course. 1t is not probable, nor
desirable, that boom" will come to
any part of the country; but, as this pa.
per has held before, it seems almost iDev-
liable that the owners Of money must,
in their own interests. soon return il
TO the channels in which IL will yield
profits TO all through whose hands ii
passes from the owner on.
The EAGLR believes that the South.
west ia destined to reap great benefits
from the revival il looks for within the
next few months. II is practically vir-
KIN soil to vast enterprises, especially
the development Of irrigation farming,
which is now attracting deRres of at.
tentiou never accorded to IT before, the
mining Of our many other forms Of min
sral wealth an we'll Nc the precious metals,
and manufacturing. which, with proper
attention 10 our commercial relations
with Mexico would put US in most nd.
vantageous position to gather rich har.
vest from.
May the New Year bring sunshine to
tue minds aud hearts OF all, giving them
renewed courage with which to face the
battle ~ life and to enable them to put
aside discomfort and lend hand in ev.
srytbing that IL calculated to promote
tho common good.