The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-02-20

Dester Times VIII Come Gradually
and to stay.

ana tu stay.
After such long and wide-prevail-
ing period of business depression as
that through which We have gone for
the past three years. II Is not a matter
OF surprise that we should be impa-
tient for the speedier return of bet
ter times. IL Is. on the contrary. incon-
ceiyable that we should have any other
desire.
Much, however, as we may wish for
the instant resumption of every idle
factory. and the instant providing of
work for every idle man, our sober
Judgment as a people tells us that a re-
turn TO such a state of great and ma
tional prosperity as that which we
formerly enjoyed cannot be accom-
plished in day. nor in a few weeks.
The sun does not ascend from the hori-
ION to the zenith in the space of an
hour. or at one leap. Nor can ma
tons industries, wasted and weakened
by long priyation. cast aside weakness
and regain all the lost strength in u
day.
Though we desire that depression
shall vanish. and give way 10 n pros
perity MS broad as the continent and
as firmly founded as it's mountains, we
should not be unreasonable. Rather
let us survey with satisfaction the
progress we have made since Novem-
Der along that road which leads To
the goal TO which we aspire. III we
contrast our present condition with that
which we we'll know would have ensued
had we committed ourselves 10 bust
ness heresy. we may Justly regard with
satisfaction our present state.
While during the past few weeks n
dozen banks throughout the country
have failed. either as the result OF
weakness or because OF improper adj
ministration. we know that had the
verdict of November been different,
the banks which would have been able
TO continue payments up to this time
would have beer few indeed. Since
that date bank deposits have immensely
increased. and all business. instead OF
being suspended by panic, has been
treasured by new confidence. As com
pared with what might have been, then,
we have made great and substantial
progress.
In an address TO the Republican Ed
itorial association of New York. made
the other night by DIR. Chauncey De-
pew. he discussed this question with
that felicity and clearness character
istic of him. On that occasion DIR. De-
pew said:
you. gentlemen. as republican editors.
ought TO be peculiarly happy tonight. We
have won q great victory. We have done
more: we have averted frightful disas-
ter. II Is not In the power OF the magma
ton to picture what might have happened
I'm the tension OF the financial and indus-
trial world II confidence had received tho
shock or the determination OF the United
States to embark upon an unknown sea
OF deprecated and debased currency.
"The editor and the orator IN the late
canvass were confronted with monetary
and industrial distress greater and longer
continued than ever before In the history
OF our country. Men out OF work. men In
debt, men who could not realize upon
their assets, were looking everywhere for
relief. 10 is difficult TO argue with an
empty stomach: more difficult with q
maturing note OF mortgage. In such
cases II Is easier TO appeal TO the imagina-
ton than 10 the Judgment
'The victory has been won; the tremen-
dous panic which would have occurred
had II conc the other way has been avert
ed. but the laborer and the artisan wait
and the money I'm the vault lies idle. and
the mill and the factory and the furnace
stop and start. and stop and start again,
like impatient thoroughbreds at the com
mencement OF the race, the country cries.
Where is your prosperity? When are
the good times TO begin?'
"a people overwhelmed by a great ca
lamity do not rise instantly TO their for
mer conditions or better ones. Confidence
Is not the growth OF night: II is the
creation OF hundreds OK tributary elements
which ultimately do succeed in enabling
Il 10 accomplish its henencent work
THE powers OF the people VIII compel
their representatives I'm congress TO sup
port an administration which ia their own.
Already we can feel good times We have
81, 100000 to our credit as against the
rest OF the world. II only needs confidence
In the stability OF legislation and admin
istration for the next four years for that
golden current To flow into new enterprises,
giving new employment and stimulation 10
every activity OF farm, OF mine and OF fac
tory"
In n little while the long-continued
drain upon the national treasury caused
by the deficit will disappear. Still more
mills and shops will open, and slowly,
steadily. surely. yet with ever acceler-
ated speed, we will go forward again,
until we are running at full speed on the
Good Times and Prosperity road, with
the right OF way and no fear OF an
other smashup.-Cincinnah CONNER
cial-Gazette.
Comparing Returns.