The Wichita daily eagle., 1896-08-26
REED FOLLOWS SUIT
HIS SPEECH A CLOSE SECOND TO
M'KIELEY'S LATEST.

Protection to American Industries has Due
Place in the Remedy Proposed by the
Maine statesman-Howi 1t is Confidence
or the Lack of it, Which BIakes or Un-
makes BUSINESS, and How Confidence Is
to be Restored by Reversing the Con-
dituons which Have Destroyed 1.-THE
Financial Remedy Noticed.
Old Orchard, Me-, Aug. 25.-Ihe Re
pubncans of Maine, according to GUS
tom, held a grand rally here this after
loon, at which were gathered thous-
ands of auditors from all over the state
ss well as from other parts of New
England The speakers were Hon. l.
B. Reed, Hon Lee Fairchild and
others-
After the introduction, Mr.. Reed said: ::
What seemed the great primeval
curse, that in the sweat of his face
should maj eat bread, aas been found,
In the wider view of the great cycles
Of the Almighty, to be the foundation
Of all sound nope, all progress. and all
permanent power. Man no longer
Bnuns labor as his deadEest foe, out
elcomes it as his dearest friend Ma
tons no longer dream of riches as the
spoils of war. but as the fruits of hui
man energy directed by wise laws and
encouraged by peace and good Will
Battlements and forts and castles, ar
mics and navies are. day by day, less
Of claup11far ana
more and more the guarantee of peace
with honor. What the world longs for
now is not the pageantry and devasta-
ton of war for the aggrandizement Of
the few, but the full utilization of all
human energy for the benefit of all man
kind
Discomfort AND PROGRESS.
'eTo the 75, 200, 600 people which make
up this great republic, the opportunity
to labor means more than to all the
world besides 1t means the develop
ment of resources greatly beyond the
comprehension Of any mortal and the
diffusion among all, of riches to which
the glories of the Arabian Nights are
but the glitter of the pawn shop, and to
which the sheen Of all the jewels Of
this earth are blu the glimmer Of the
u
''ut each individual man is weak and
powerless. Only can combination each
with the other can good results be had.
No more striking proof of this can any
where be found than in that complex
unfcn Of men which makes up modern
nations and modern enterprises. The
nature of man Graves also liberty and
complex, wonderfully complex, condi-
ton of modern society has drawbacks
and sorrows which are completely Its
own. The sachens OF New England
string of wampum. In Central Africa
today banks never break; checks are
never dishonoredh for neither banks
full there was less discomfort but also
no prc~re-s, and " ere was no sharing
by the toilers Of the profits and the
pleasures.
THh BOOM AND IT'S ENDING
what are the causes of prosperity
and what are the causes of panic? Are
they mysterious things beyond the hu-
man ken? If you will analyZe yon
VIII find that whatever the remote
causes, and they are different every
time, the immediate cause OF prosperity
future. When the people all work TO-
gether, when they all have faith in
each other, then prosperity reigns. Af-
time are permanently done away with
and get wild and over-prosperity sets
support all the enterprises which the
over-conf1dence of men has set in ac-
ton, and begin to doubt, to refuse dis
counts. to hoard money and call a halt
and the process is slow. While weare
EASY TO SLIDE DOWN.
In 1925 England had one Of those
paroxysns Ike the one we are passing
through now. Everything there had
been prosperous for long time The
land. Mems eyes locked into each 9th
er with trust and faith in all mankind.
each others wants. Then accJmulat-
ed capital, eager for employment. burst
the restraints Of society and speculation
everything under rle sun and lend every
BODY money, from the car of Russia
to the king of the Mosquito coast Pret-
ty soon, after a slight decline OF gold.
Ii occurred TO some one to figure qlp all
these contrats and the astonishAd ma
ton found that England had agreed to
lend more money than there was in the
world, twice over. Then the bubble
burst, merchants failed, banks broke.
For one day trade absolutely ceased in
note or buy anybody's securities. Where
was the difference between, England
prosperous and England at a standstill +?
1t was ali in the change Of one word
Confidence was prosperity. Distrust
was ruin.
BIT HARD WALKING BACK.
Then began the slow growth of con-
hdence again, which took years. In our
own country we have had many such
instance, many more than I can men
ton, for history on that subject is as
deep and abundant as wheat when
times IRE hard
"Wehave just passed through another
of those terrible crises. and are on our
way TO other years Of wealth, with this
additional benefit, that the distribution
of wealth. when we reach It, will be
more even. as well as more abundant.
than before In 1ss3 we had as great
crash as We had in 1873; all the world
went with us, but for special causes we
had gone further and IL Is for ,,s a
longer way back. In 1892 we Thought
hard times had been banished for ever.
we were sure that work and high nav
Were never more TO be separated. But
we were mistaken. Pride goeth be-
fore destruction and a naughty spirit
before a fall. The election of 1902 was
a great misfortune. 1t NAV he we
would have had a collapse then: no one
can be quite sure. But IL we had been
IN sASflffta hands we should never have
gone so far or suffered so much.