New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-03
n some answering Improvement IN DusiheSs

with some answering Improvement IN pus''c's
as well.
If * not great as yet. A little but only Il
,,,, gain has onneared i'm November and De
ccmber in comparison with previous nhoi'n''
rho volume Of business Is still about three
quarters Of n full and healthy trade, ana the
Tins ,ro somewhat contradictory. some pointing
=, ,,orso and others TO better results. The con-
d;,on Of the Treasury is really the most scri-
o,s c,use Of opprchcnsion at present, and II the
consequences Of continued Withdrawals OF Flu
,,ro,n captal could be avoided there would
he no real apprehension. Foreigners ouGht 10
count on prevention of mischief by Kcpuohci"s
for the next sixty days. as Americans no. put
they have less familiarity with the workings Oh
tonprcss. and are naturally somewhat impressed
by thc nsolcnt stupidity Of beaten Democratic
IN, ioritv i'm attempting to rcvolutonizc the cur
rcncy system Immediately after such IN cleo
lion as that of November. II Is no wonder thht
such = performance makes foreigners doubt
whether thc saving virtue Of decision of the
poonIc Is as great rs Americans hope. But they
do not quite comprehend how President ana
Cabinet and Congress. from lowest 10 highest,
are all affected by The voice Of the Sovcregns
Like fractio,ls and silly children. som" Congress
men kick and persist. though in their hearts
they know they have to submit.
Outside of political considerations. which have
so largely governed business for Two years. there
are some Of less satisfactory tenor. The dislS-
tlous cheapncss of cotton and wheat cannot be
oxpcctcd to vanish N once. Surplus stocks be-
vond all precedent must inevitably influence
markets very much until the worlds consump-
ton has materially enlarged. The consumption
Of many other important products fails Tar snort
Of the producing capacity. and this, be II noted
not because the production Is larger than ever
but because circumstances have greatly reduced
consumption. The best possible laws. the III
most assurance az to the financial future would
not at once restore consumption ut the old rate"
So that there must bc faced some months or
gradual gain even after lawmakers have done
the best they can.
Meanwhile one other element Is often over
looked. The people are constantly Increasing in
number and In consuming power. In good years
the addition to the National wealth has been
nearly. II not quite. Sl.50o,oon.o0O. and In bad
wears like the last two there Is an apparent but
not wholly actual. loss Prices Of real estate
and other properties are marked down. but that
affects only those who have To- sell. Earnings
run closer To expenditures. but on the whole
nevertheless exceed them. Enormous additions
are made ~ the National wealth in such times
by the erection of new buildings. the opening
of new farms and other productive property.
and the application II new machinery 10 lessen
permanently the cost of production. 1t is prob
able that I'm this respect the last year has added
as much to the Nations wealth "a any other Tor
= long time With added wealth and added pop
uloflon there i solid foundation for II larger
urn.p.rlty when the country sets itself again 10
defend its Industries.