The Canton times., 1900-06-08
Confidence.

DiN
sort of currency which creates
credit, fosters enterprise and in
ve>tment and keeps the wheels OF
trade humming. The impor-
tance of confidence is not easily
overlaled. 1t is the essential
condition of com merce, and upon
commerce we all depend for
what we have and are. Conf
dence cOnfers stability uDOn
financial operations which
enables men to foreSee events
and make calculations for their
guidance upon which hinge the
profits and losses of business.
When anything happens to inn
pair confidence, financiers and
business men take instant alarm.
Their responsibilities are enor-
nous, their profits, in most in
stances, depend upon the extent
Of trade, which always fall off in
pauicky times. They must pro
ect themselves. They take in
sail promptly. curtail their oper-
atoms, work few hours, employ
less men. The banks. fearing a
run, call in their loans, straining
he credit of the most honest tp
breaking point. Everybody is
allied upon to settle at once and |
al are so tied up, few can meet
the sudden demand without in
.ury. Nobody wants to do, t.
buy, or to pay anything. Ener
@ies and desires are paraIyzed by
diStru-t.
Lost confidence is a dreadful
diseHse-a disastrous plague
which now and then seizes com,
merce, making US all to suffer
sympathetic pangs, and to feel
The subsequent torpor and debil
ltv
The principal causes of lostcon-
tidence are A debased and fiuct-
uating standard fool legislation.
the election of men to power on
unsouud platforms, dwndling of
the gold reserve, an eXtravagant
and unwise administrative policy,
demagogical agitation, failures
of old and widely-connected s
houses, over oduction, crop ,
failures etc {
The South has learned by &
practical experience what conf G
dence can do TO make IA section d
prosperous. Seven and nine
cent cotton expanding markets a
and the development of her r
manufactures, followed closely n
upon the firm establishment of
the gold standard. AS soon as +
the stored-up wealth of this and II
older nations found it would be Il
safe, it went where it was need 81
ed. English gold is making the f
South rich and prosperous once o
more, widening the markets for Fl
labor, and providing petty trades
men with increased opportunities a
ior making a livelihood by cater e;
ng to such labor. lc
All this helps the doctor. too. h
With money circulating actively, al
everybody at work. and conf te
lent of being kept at work, peo. p
de are not so reluctant to con- al
suit or paw a doctor, and it is pC
trgely his own fault if collec- ci
ions are SLOW aud bad. it.
Our present unparalleled pros A
,erity ought to be of lasting III
luration. We are having an ob in
oct lesson as td the advantages ST
If sound business principles in A
States in which re
'opilastic ideas dominate the
legislature have not shared in the mi
prosperity to the same 70
egree as more conservative in
mes. Sensible men do not spend M,
heir energies, or invest their pr
.oney where their interests are M,
ding to be perpetually menaced it
nd warredon under all kind of to
preteXts. They ma. or
Irally prefer places where in ne
ividual rights are recognized dil
nd protected. ge
A. to expansion, it is most too to
lie for Senator Hoar aud others, DO
forgetful. to talk di: