Arizona republican., 1898-06-30
HOPEFUL FUTURE.
Resources of This Country Too Great
 to Be Affected By War.

New York, June 29.-(Special.) )-One of the hopeful features of the financial situation consists in the many evil dences that men of business are over coming the commercial timld1ty ex- cited by the outbreak of the war and prosecuting their operations with the same confidence as if we were at peace. Within ten days loan Of $5,- OOO, 900 has been introduced and the reconstruction scheme of the Balti- more & Ohio railroad has been launch ed. notwithstanding the current nego- tiation of a government loan of $20O,- GOO. .000. These facts show unmistaKe- ably what is the estimate of bankers who should be the best judges in such matetrs-as to the stability ana healthiness of the financial situation. These evidences of confidence will be- get further confidence; and it will be- come more and more evident that the war interruption to the great revival which set in during the last half oI 1897 is but a momentary nalt ana Will have no permanent influence in check ing the process of recovery from the silver decentralization of previous years. Indeed, costly as the war IF likely to prove, it is already foreseen that it is destined to lay the basis TOT a great national revival which Will far more than compensate for these temporary outlays. It can never ln- jure a young and vigorous nation, rest ing on it's past and neglectful or US future, to sustain sharp shaking up such as foreign war is apt to 1nnlct. Such an event starts inquiry as to what are the national resources, what use has been made of them, what has been neglected and what is within reach. This sort of national survey mas revealed to US a way to new openings for our commerce; it has discovered to us our rank and standing among the nations, and surprised us by its dem- onstration of our power to cmmand the deference and respect Of the worlds greatest powers. It has un- covered to us a greater future in the worlds competition for international trade; which is the one thing the country most vitally needs, and the absence of which has cast grave fore bodings over the prospects of our overproducing industries. It has also created the occasion for offers of CO., operation with the worlds foremost commercial power in the promotion of 8 policy of peaceful access to the com merce of all nations and for the de- feat of the policy that would subject international trade to military dicta- tion and monopoly. These are among the things that the war already offers us as it's rewards; and it is not sur prising that the spirit of the people is becoming more confident and hope. full.
 The following is an extract from { letter recently received from an inf1u ential member of parliament repre- senting one of Great Britain's 1arges cities, which speaks for itself:
 "Just line to say that I do no agree with the suggestion that tht Philippines should be givenAback to Spain for Cuba. I hope you will keer the Philippines. It is time your peo- pie began to do some work in the world outside your own country. You will have to do it eventually and you may as we'll begin now as wait I am afraid it will not be many years until we have to do some joint account fighting with continental countries fol possession of the parts of the world which are misgoverned at present"