New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-10-31
DEMOCRACY'S HALLOWEEN

proved trade at home or abroad deceives bank
ers, whose vaults loaded with unmarketabIe
securities of industrial undertakings rashly
financed when no questions were asked and
when money was be had for every scheme or
prospectus German bankers have learned eau
ton and prudence. and are not misled by pre-
mature signs o. industrial Improvement They
know that a. rance OF unnecessary and
profitable companies is still needed in every i'm
portant industry and that the bulk of the un-
remuneratiVe business must be closed out be-
fore there can he complete recovery from COM
mercial depression. Loans are closely scrutin-
lied. and cannot be effected without the best
possible securities. The completion of the proc
of liquidation is awaited by bankers, who
are conducting their business with sobriety
Of judgment. Every industry is overstocked
with plant, and the worlds markets are not
large enough 10 absorb all the trade which had
been planned for them by company promoters
during the imitation period. The survival of the
fttest is the ultimate condition OF the restors-
ton of German prosperity
The Dusseldorf Exhibition. which is now APP
preaching the closing day. has been triumph
of G.rman talent for organization. Although it
was opened during a period Of commercial de-
preston il has received generous public sup
port and has excelled in every respect the rec
ord OF the previous exhibition in 1880 The
grounds have been three times large. the
classification OF exhibits and the representation
~ industries much more comprehensive. the
buildings more artistic and costly, the enter
tsinments and side shows OF a higher class. the
sessions Of international associations and scien-
tihc congresses more numerous and the transit
facilities and arrangements for the comfort of
travellers more complete. Dusseldorf has fully
vindica ted it's reputation as the ideal site for a
German exhibition designed to illustrate the
progress OF arts and crafts during period OF
marvellous development in the Fatherlsnd. The
Art Palace has honored and glorined the noble
traditions OF the Dusseldorf school Where Cor
nelius. Schadow, Hndebrandt Schrmer, the two
Achenbachs. Andreas and Carl Muller worked
1t will remain after the close OF the exhibition
a permanent exhibition hall for works OF art
and viii be a centre OF education and refinement
for this busy town. with its iron foundries and
textile factories. The machinery and industrial
halls have also been we'll placed the rim OF a
circle or Industrial activity unrivalIed on the
Continent Essen and Dortmund, with their
highly organized iron and steel industries are
close d hand: Krefeld, with its silk looms. lies
TO the north and EIberfeld and Barmen. with
their hundreds Of factories. to the south, and
! within the rim Of this Westphalian circle are
coal and iron fields and populous mining viii
lagos Dusseldorf is a town where the pulse OF
Industrial Germany be felt and where the
forces which have transformed IL from the mill
tary confederst ton OF 1870 10 the pacific. work
aday empire Of To day be accurately meas
ured.
The organizers OF this exhibition have under
taken to illustrate the progress of German in
dustry and since the establishment or the
empire With characteristic thoroughness they
have arranged as many as twenty-five groups
in their comprehensive scheme OF exhibits and
have employed the best experts'in directing and
managing each department No important in
dustry has been neglected. and the exhibition
has been conspicuous for its symmetry and rep
resentative character The display OF electric
mechanism has attested German supremacy in
this most progressive of modern industries. so
far as Europe is concerned America being the
only foreign rival OF superior energy. The chem
icaI mining, textile and metal industries have
also been admirably represented; and there have
been well ordered surveys Of educational prog
ress. technical schools. arts and crafts. the
building trades. horticulture, agriculture and all
the varied interests which conducted with
energy and precision in the progressive Father
land In its artistic as well In it's scientific
aspects the exhibition has been exceptionally
successful The grounds have been laid out with
taste and refinement OF Landscape effects, and
the buildings have been varied i'm architecture
and we'll grouped. The managers have not de-
graded the exhibition by sanctoning vulgar side
shows. but have supplied entertainments Of a
high class, and taken pains to have daily con-
certs of sdmira BILE quality. The exhibition on
the lower Rhine has been well conducted In
every respect, and has earned the enormous
patronage which il has received. 1t has been an
invigorating display during a period OF COM
mercial depression or the industrial enterprise
which has created new Fatherland and en-
eoNed it with the genius of organization and the
promise Of enlightened progress and prosperity
I. ". p.