The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-10-17
Old Calamity's Waterloo.

Our dear old Republican friend, Cal
amity, sustained a deadly shock this
morning. President George B. Roberts,
of the Pennsylvania Railroad, ran foul of
him, and knocked him out in one round.
President Roberts did the job in partic-
ularly heartless style, too. He chose the
Philadelphia Press" the greatest of all
calamity howlers, for his arena.
Now, there is nobody in the United
States who knows more about business
than Mr.. Roberts. There is no one who
has equal means of gauging the situa-
ton, nobody who has the same expert
ence in reading the signs of the future.
Withal, he is a conservative by nature
and by force of circumstances What
ever he says on a subject of this sort
may be accepted as absolute truth.
And how he does eternally knock out
the whole fabric of Republican lies,-he
is a Republican himself. by the way.
He begins with this statement
The recent panic, which began in 1893,
and the, natural result. an industrial de-
preston, which still continues, was
largely the natural outgrowth of specu-
lation In all kinds of securities repre-
senting no@real value.
Quite right. 1t may be properly added
that this speculation was mainly the re-
suit of the Mckinley bill. which upset
all real standards, and set businessmen
to gambling in imaginary profits to flow
from dishonest advantages.
Mr.. Roberts goes on
It's first fruits We're a paralysis of our
Industries, from which the manufacture
ers of the country are now slowly re-
covering.
Strange, how Mr.. Roberts fails to
blame Cleveland and the Wilson bill for
all the hard times. He knows too much.
Taking a glance ahead, Mr.. Roberts
proceeds
l do not believe there will be a speedy
or radical rebound from that depression,
Improvement which will be evinced by
an active demand for paying invest
1nents on the part OF capitalists. Dur
ing the depression, the money capital of
the country has been almost valueless,
inaSmuch as it brought it's possessors
practically no returns; it will now, |
tn1Hk, De drawn INTO dCIlVG uses, ana
will stimulate enterprise in many di-
rectionS, SO that we may look for great
err activity in all branches of trade and
manufacture. Sc! far as my observation
goes, there is already a general return
throughout the country to manufacture
ing activity; the manufacturers of iron
are more active now than for a year
past. 1t Is true that prices are almost
down ~to3cost, but there should be an i'm
provement in them.
This is cheerful news for all except the
campaign managers who are doing their
best to scare the voters into a reaction
airy movement. It represents the APP
praisement of the situation made by all
whose eyes are not blinded by partisan
fanaticism. There are bushels of facts
in the papers every day to bear out Mr..
Roberts generalization. Yesterday, this
paper told of the starting UP of mills en-
pIoying 1900 hands at Fitchburg, Mass,
the prospect being that the people would
carr better pay than ever before. New
Jersey industries, also, are feeling the i'm
proyement. The "True American" has
been collecting facts on the subject.
tTOn IL we 4SdtA LILO ShO "a ~
Delaware and L-ackawanna Railroad at
Dover, v been put upon full time,
with work enough on hand, it is reported,
to keep the. employees busy for a year to
come. At the boiler works IN the same
town the proprietor says hesshas enough
orders Jon hand to keep his employees
going On fun time all winter, and fire.
quently now the works are run all
night. The Dover Iron Works, which
started last month with the expecta-
ton Of running q couple of weeks. are
going full blast, with orders on hand to
keep them in full operation. TIL Single
ton silk mills, at the same place, are "on
the jump with several big orders. This
concern formerly employed but three
Overs, but now there are thirteen stead
lily at work. At Bridgeton, the Daily
Pioneer" one of the Republican "cal-
~+a4v AAwlers' of South Jersey, under