The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-06
WON I HURT BUSINESS
Industries VIII Not Miss the
Few Who Fight
NO FEAR OF A BLOCKADE
And Money Will Not Stay
Scared Much Longer.

New York, May 5.-A writer t.
the New York Evening Post
surss UP the present possibilities in the
| follN7ing optimistic fashion: He say:
that We largest estimate places the mum
Der OF our fellow citizens whoare likely tc
be actively engaged in carry ont the
mandate of Uucle Sam in the way OF
| teaching the LESSON Of humanity at about
100000, or less than one-third of l per cent.
Of our population. The remaining r.
| $4,000, or more than 80 2-3 per cent. of the
populatio nof the United States, will OF
necessity be compelled to remain at home
and attend to their usual duties, since the
task that has been laid out 70 rthe army
and navy is not large enough to permit
them to help.
The number of men withdrawn from
their usual vocatons, and made consum-
ers instead of producers, leave room for
an addition to the ranks of the employed
from the unemployed. The task of pro
viding for the comforts of life of the big
majority who must remain a home will
be fully as great and perhaps greater
than ever.
The price of what we usually sell abroad
have materiallyadvanced and the trade
in them increased. The greatest pessi-
mist viii not for moment admit that
any Of our ports can be blockaded by the
enemy for any length of time, and it nee
essarily follows that our exports, carried
as they are mainly on foreign bottoms,
VIII not be materially interfered with.
The prospects for good crops have
never been better. Thewinter wheat dis
tricts look like gardens; even the report
OF damage to small fruit by recent frosts
has been proven unfounded. Our farmers
have never had better weather for their
work. Of which they are making good use,
owing to the remunerative prices for their
products,
Cur financial Institutions were seldom
stronger. New York banks hold nearly
fifty million dollars above the legal re-
quirements, a large proportion of 1t in
gold. The government has been compel
led, owing to the large accumulation of
the yellow metal, to pay out gold instead
of paper.
The exports Of the last nine months are
over four hundred million dollars larger
than the imports, and safe balances are
still due US from abroad. Our securities
have been arely affected by the actual de-
claratiOn of hostilities. Every little break
puts them into stronger hands. That fin
anciers and business men all over the
country should be acting conserVatively
can well be understood; but the condi-
tons are not such as to create any alarm
or make people anxious. The accumula-
ton of money at financial centers is of
such proportions that investments in the
usual channels will of necessity soon go
on again. Funds in vaults earn nothing;
and it ish freely predicted that within a
very short time banks, will be seeking
customers 70 rtheir funds at about normal
rates.
The people throughout the country are
well employed and have the wherewithal
to supply their wants, and tbs vast ma
jority who are compelled to remain at
home will find themselves well and prof.
tably engaged if they look after their af-
fairs in the usaul manner. When they
do, business in every line will resume its
wonted vigor. Those who must remain at
home can help Uncle Sam best by keeping
the wheels Of commerce going.