Arizona republican., 1897-11-18

than are those of this country, and therefore are not governed so much by ithe rumors floating in the cities. The reports that Spain wants to pick a quarrel with this country are ab- surd. As a matter of fact, Spai 1's with America In relation to war. Lord SaIisbury's remarks at the may or's banquet in London were very sig nificant He showed that England's but market conques.s, and that is equally applicable as applied to Ger may and France, as we'll as o,he9 civilized and go-ahead nations. These results can be achieved through peace alone, and not by nations taking each other by the ihroat-a process utter ly destructive of business intere3ts The great nations of the world have reached a point where wise and a5r- it diplomacy is the best means Of p e. serving peace Our public men fn this country have yet to req ize this fact What is needed more than any thing else is specific education to qualify students for up-tO-da5e states manship. We have felt the hurtfui effects of rough methods now long enough The last clause of the Vene- zuelan message which produced dis aster to business interests almcSt as great as a war would have dcne, was an eviderce of this.
 In some other respects, conditions affecting the securities market have improved. The yellow fever has al- most died out att all points, which will have the. effect of reviving bus mess in localities at which It has been sus- pended for some weeks and of trans ferring to tlhe railroads large quanGi- ties of freight which have been held in quarantine. The roads connecting with the granger states will show large increases of earnings. .notW tn standing that the farmers are holding back their grain in the hope of ihighe' prices. Advices from the wes. indi- cate the prospect of an extraordina y trade next season with the agricul- tural states, as the farmers will then be in receipt of the whole D. oceeds of their crops.
 The following is a synopsis in brief of the situation: The forces work ing for an improvement in the finan cial situation are substantial Those in the opposite direction are man sentimental. The basis of the reoen- advance in railroad secu..tiss is st Il in existence, of which uhe railroad earnings are the evidence. I venture the prediction that the coming spI ing business of this country will be the largest on record. A better under standing between this government and that of Spain, which is very percep,- ible, will make war rumors of ma terially less importance hereafter The decision of the supreme court in the Alabama railroad case was not only important as a decision, but also in showing more favorable attitude
 
 the appellate court in this state. which weake-ed the Lexuw attack under the trust law, on the an hracite e coal properties; Ehe London change of front in becoming more favorable to American securities; and the con- tinuance of the large exports, espec- ially of wheat all these factors con- bined furnish a strong backing to tha side of confidence, and take the sharp edga off the bears weapons, which have lately been irresponsible rumors. The market has aleady suffered a very heavy decline, and will socu have a fair advamca as a natural re- action at least.