The sun., 1901-10-09
PERMANENT PROSPERITY.
BY JAMES M. THOMAS.

tinue, at least for a longer period of time
than our good tines" so called, have
heretofore. All the old resources of the
country have become more fully devei-
oped, and many new resources have been
added by ingenuity and by the acquisi-
ton of new territory. There seems TO
have come a better understanding be-
tween the great nations of the worll as
to the commercial relations that should
exist between them. There is a tendency
to assist one another in commercial en-
terprises, rather than to tear down the
commerce of a nation. as has been done
heretofore. We believe that the admin
istration of William Mckinley has done
more to bring about this feeling among
nations than any other single thing that
could be named; that he taught nations.
as well as men, that it is better to dwell
together in peace and harmony than to
be forever brooding dissension.
We have every reason to believe that
the new territory which has been ac-
quired by MS will so diversity our indus
tries that failure of any particular re-
source, such as corn or wheat, would cut
very little figure, 50 far as our general
commerce is concerned.
I think, too, there is a better under
standing among the nations as to the true
unit of value; that the administration OF
William Mckinley has demonstrated TO
the world that the only saf fe unit of value
il the gold dollar. This has been so thor
oughly demonstrated in the last rive
wears that the agitation AS to change 10
a bimetalic basis will never again be Sc
riously considered by this or any other
leading power of the world.
There is another feature that IS very
noticeable at this time, which indicatns
permanency in our present stable cohui
tions: that il, that men who coh'roi great
wealth readily agree upon p'otee'ihS "e
against any excitement that may ioioW
an event such as the assaSsina'lo ION oi Tue
President of the United States. In o.her
words. the old tendency to destroy values
for private gain, using II calamity as ne
excuse. seems to have passed into oh
livon. judging from our recent eSperi-
enees. We have reached time when 1t
will not only be unpopular to engage III
that sort Of business, but when it will not
be tolerated by men who control the
larger financial interests.
The fear that the death of President
Mckinley might result in a decline in
values because President Roosevelt
might not carry out the policy of the
Mckinley administration has been re-
placed by confidence. The people have
had every assurance from President
Roosevelt that not only the policy of the
government will continue the same. but
all appointments, as contemplated by the
late President, will be made, and that
the speech made at Buffalo will he
adopted as the keynote of the preS' mt
administration This, certainly. is AS
surance enough that the new administra
tion will do everything that has been
contemplated.
Besides this. we have been assured
that the Cabinet and Counsellors of Pres
ident Mckinley will remain to give ad-
vice and to take part in carrying on the
policy which has made us so great and
successful. Having passed through the
greatest calamity. that can befall any
government. with no danger of a change
of policy, assures us that we have reach
ed point in our history where perma-
nency is guaranteed and that no excite
ment can lead us to a panic and depres-
sion of values.
There is another important fact which
upholds this position. 1t has been re-
Gently demonstrated that we have reach
ed point where labor has fully realized
that prosperity is better for those who
work than depression; that labor flour
ishes with capital, and suffers with capi-
tai; that it is no longer the tendency of
capital to depress labor that the power
full men of this country have fully
reached the conclusion it is better for
capital to treat labor fairly and give to
it its proper reward.
From recent events we can believe that
strikes without proper foundation will
fail; that labor will not support strike
where there is no reason other than that
some labor organization desires they
should strike in order to compel capital
to recognize labor organizations to the
extent of allowing these organizations to
dictate who shall and who shall not be
employed in our mills and factories.
Another important fact to be consid-
cred is that the United States during the
administration of President Mckinley
has fully demonstrated to the world that
it is the most important and powerful
nation now in existence. Our recent war
has fully shown how great and charitable
we are in dealing with our enemies; this
fact has gained for us the admiration
and 1npla,se of tho entire world inrlud