The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-09
WAR NEWS AND STOCK FLUCTUA-
TION.


One OF the greatest objections TO the
stock exchanges OF the country is their
disposition to become excited and panicky
over rtlmors, often without any basis OF
fact whatever, and thus preotpttate bust
ness scare aud commercial depression over
the country generally. when real danger
appears the bear element magnifles It to
! the injury OF the public credit and the ma
| tlon mora or less suffers.
This tendency 10 create q feeling IT fear
AMI instability In financial ana Industrial
circles is apparent again, at this time, in
consequence OF the war news" Spain
| could lHflict no serious damage 10 the bus
| mess interests OF this nation We have no
great merchant marine that Spain could
destroy; the spaniards are not among cur
large customers. nor are We great custom
ers OF Spain: no portion OF our securities
are held by the Doas. an invasion OF our
| country would bs Impossible; even cur
coasts are we'll enough defended TO dread
no ravages by the Spaniards; a war would
quicken many lines OF manufacture and
aid nstny transportation lines, and yet
the stock market patriots become pauieky
over the least runor and the nations bus
iness ia disposed TO divide the alarm with
the gamblcrs on the exchangesl
Were We at ioggerheads with England
there would indeed, be cause tor an nm
easy feeling England ls . large holder OF
our securities and the best customer we
have on the globe. She could Blockade
our coasts aud do us irroparahle Injury Ia
short time, hut this is true of no other
natic7 IN Europe.
There IS little sympathy, therefore, to
be wasted on the stock speculators who arc
now showing the yellow In view o. our
complications with old and decaying Spain
Often we hear the caution that wo should
be extremely careful. Ia our relations with
Spain. not to preclpitate trouble because
of the great loss IL would create In the
rooney centers and on the exchanges. What
loss and whose losss Would fluctuatIon
more or less In stocks and securities entail
any retl loss? 10 not these ups and downs
occur daily without inflicting any injury
10 the natica at large, or to amy one other
than the professional gamblers in these
securties9 Does 1t make any practical dlf.
ference to this country whether sugar
stock. or Standard OIL stock, Is 100 or I4t?
Are not the fortunes that are lost OF
won pndy these fluctuations but mere
paper fortlnes-speculativ wealth.
Why, then. should the sober business IN
telllsence, or the patriotism. OF the natlnn |
regard these alarms in the stock market |
under circumstances like the present with
any concern whatever Unfortunatsiy.
however, they are listened 10 and too often
produce great depression. and Il is for such
reason that a popular prejudice very nat
uraiiy exists against this great stock gam
bling establishment known as tho stock 81
change, Bat the country need only re-
member that II Is game between pr6tes-
sional gamblers which 1t is witnessing ana
should, therefore. retain its equanimi,y
The members Of the Houston deep water
decoration who have returned from washing
tor feel thar their trip was not devoid OF re-
suits Mr.. W. N. Read says hc thlpts the
vias; &c Washington did great deal OF COOL
IA one who has read the accounts from tho |
capital will doubt this. The deep water chan
mel will be an accomplishment Of the Fear
future. and houstoniaus have now only to
ses that their part Of the prsilm,nari,s IL
faithfully attended TO and tho subject kent
| prominently before congress
---------
W. sympathixe with cclumt uss-she Ia QUAR-.
antsuedi We knox something Of quarantlnes
ourselves.
Those who are attempting TO stamp out IN, |
plaque IN India are still hsnpsrcd BY The
sos'si and religious prsiudiees aud caste Of tbs
natives. The fact makes the continuance ~
nc epidemic In the East continuing m.nac,
% Europe and rho Western world. The hea,th
authorities Of All civilized nations viii have
70 10 on the alert this year
Nsnse has been disposed to side aga,us,
tns Emitted States on every possible oceas,o.
toF some years PAST tbs French pyess has
shss'se While the French government has
I'm -, ~ Aass always haa ~ ID. II