New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-07
4 TINE FOR PATIENCE.

Probably President Mckinley and members OF
his Cabinet will not be set at war by the ef-
forts of Democratic Journals. Presumably they
all have the same object, TO push forward as
speedily as possible the settlement OF the tariff
question so that the Treasury may have as
su1ed q sufficient revenue for the coming year,
and so that the Nations industries may be
placed on q firm footing. 1t is no secret that
business men throughout the country whether
Republicans or not, are constantly appealing
TO Senators and Members of Congress to
avoid delay on the tariff question as far
as possible. Such appeals are both wise
and patriotic. But while there is reason for
the most earnest efforts to that end. the words
of the President at Philadelphia on Wednesday
are still exceedingly timely and sensible;
Let me tell you. my friends resuscita ion will
not be promoted by recrimnauon distrust
OF the present will not be removed by distrust
Of the future. A patriot makes better citizen
thar nessimist Let us keep stout
heart and steady head The country is not gong
backward. but forward American energy mas
not been destroyed by the storms OF the past IL
will yet triumph through wise and benefcent
legislation
Vastly more good is done by such statements
as these, level-headcd and judiciOus in charac-
ter and in harmony with facts, than by any
exacceration Of existing difficulties. 1t may
be frankly admitted that the difficulties are
serious But when any one speaks of the Ma
tions industry as paralyZed. he succeeds in FOR
getting that the volume of actual transactions
is not in value tenth smaller than II was III
the years Of the greatest prosperity ever at
tanned in the United States although the vol
ume of payments now represents much lower
range of prices This decrease, whether little
more or less is greatly TO be regretted. but 1t Is
not paralysis. Whatever else may be with rea-
son said of the difficulties in the way Of indus
trial recovery it cannot be said that business is
paralyzed when the earnings Of all railroads re-
ported for May are only 2.3 per cent smaller
than in the same month Of 1872.
Intense phrases sometimes defeat the praise
worthy motive for which they are employed. 1t
Is exceedingly important that Congress should
not delay one day longer than is necessary in
settling the tariff question. II is true that heavy
importations Of some products have so far
clogged the markets that a return TO normal
conditions can hardly be expected for some
months. But this state Of things is perhaps as
serious In the wooen goods department as in
apy other. and the valne of all woollen goods
imported at New-York in the year 1891 down
10 June 3 was not quite s20,Oo0.Oo0, which is
considerably less than fifteenth part Of the
goods of that character. domestic and foreign,
usually taken for consumption in this coun-
try during year. II the quantities imported
elsewhere than at New-YOrk were as great as
the quantities here. which is not In the least
probable. the entire foreign supply. ncon-
venlen,,y large as it doubtless Is. would be
something rather less than paralyzng to home
tcdusfrics