The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-17
NO DISTURBANCE.

The ready and untroubed transition
which has been effected from the presi-
dency of the late William Mckinley to
that of Theodore Roosevelt embodies one
of the most remarkable spectacles ever
beheld in the government of any country.
With its executive head removed by vio-
lence, and popular sentiment wrought up
to a state of high excitement, the cur
rents of national government and of the
business concerns of the country con-
tinue to move on practically undisturbed.
In the light of the exhibitions which
are made day after day Of the sensibility
of the New York stock market to the
passing influences of political, social and
business happenings, it is little less
than marvellous that there did not ensue
a great reduction in quoted prices after
the announcement of the presidents
death. 1t is altogether uneXampled that
the contrary result should have ensued,
and that the market should show sub.
stantial signs of increased strength. The
change yesterday morning show great
advance in almost every line from the
figures quoted at its close Friday. The
depressed disposition which was then
shown has been replaced by buoyancy
which is in the highest degree express
sve
The government of this people is found
ed on the popular prosperity as well as
on the popular will. No ordinary passing
change in the administration of it's af-
fairs can be regarded as exerting even
the slightest influence on the progress
of national concerns. But it would not
be at all remarkable had the tragic death
of President Mckinley, with its long
train of unavoidable change, operated to
cause the feeling of depression which
animated the public sense to find express
sion through that great commercial ba-
rometer, the stock exchange.
The absence of anything like a COM
due. Of course. to the great faith Of
the American people in the security OF
their political system. The killing OF
the president WIGS the act of a murder
Gus zealot who did not know even the
A B c of the political system which
he informs the world he sought to have
destroyed when his cowardly hand
clasped that of the dead statesman. Its
effect upon the stability Of our govern
ment is nil. It could not have affected it
in the slightest measure in any event
Aside from all this it is not to be lost
sight of that the absence of all feeling
of business insecurity, as indicated by
the healthful tone of the market, is in
no small degree due to the faith which
the country has in the abiding good
sense and conservatism of the new
president. President Roosevelt showed
his wisdom when, taking the oath of Of
flee beside the corpse of his predecessor
he made the public announcement that
the policy of that predecessor should re-
main unchanged at his hands.
AiS change has peen maze winch may
result as time progresses in more or
less far-reaching alterations in the per-
sonnet of those charged with the con-
troll of the different departments of the
national system. But that is mere de-
tail to which the thoughtful student of
contemporary events attaches no i'm
portance. The great indubitable fact,
which has impressed itself on the sense
of the nation, is that the wheels of ma
uonal government will continue to run IN
practically the same grooves in which
sthey have run for the past five years.
and that the new hand at the helm Of
such affairs is at once strong and reIi-
able.