The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-11
THE NORTHWEST WILL HAVE GOOD TIMES

er's u And after all damage to,
wheat is allowed for to the fullest, we
have seen that 1t win detract nothing
from the farmers purchasing power.
There will be full ability to buy
throughout the Northwest, and that
condition has never failed to be fol-
lowed by a steady and ample volume
of trading.
The statements Of business men
which are published on the first
page of the second section of The
Globe this morning are conclu-
sive. They ratify our line Of argu-
ment. They confirm our facts. It was
perfectly natural that at the first re-
port Of crop damage local business
everywhere should call a halt until it
could take stock of the future. Every
where it has been treasured. From the
East reports are most encouraging. In
st. Paul and Minneapolis the jobbers
are more than satisfied. Particularly
conclusive is their statement that there
are no cancellations OF orders beyond
what is usual at this season. If we
were to have even moderately hard
times, it must mean hat orders placed
when we anticipated a bumper crop
would now be cut down OF Withdrawn.
That is the first step of a prudent busi-
ness man. This has not happened. Or
ders remain. unchanged; which means
that the local merchant has sized up
the situation and sees that his GUS
toners will be as ready and able-to
buy as ever. What is true throughout
the country districts is of course equal
ly true here in st. Paul, and our people
whose business activity and success are
dependent upon outside conditions may
feel absolutely treasured.
We have deemed 1t important to as
certain the facts of the business situa-
ton at this time not only as one of the
highest functions Of a great newspaper,
but because of the reaction which these
facts always have upon business con-
ditions themselves. Confidence is one
OF the biggest elements in good times.
and fear is not only the precursor but
the creator Of depression or panic. You
can break the strongest and most truly
solvent bank in the world by making
its depositors believe that it is unsafe.
When people think that business is go
ing to be bad they begin to retrench,
and every curtailment of liberal ex-
penditure hurts trade in a thousand
ways. Heavy buying is checked, the
manufacturer suffers, his employees are
discharged OF their wages reduced,
their buying Is contracted, the evil
conditions pass on and on from one
circle of makers and buyers and sellers
to another, and the unfortunate result
m%ultiplies itself indefinitely.
Exactly the same is true on the
other side. The knowledge that times
will be good stimulates purchasing,
helps business, increases orders, gives
more employment, adds to, wages and
continually better the business
outlook and the whole state of the
community. The great, point is now
that we have a virtual assurance of
prosperous times In our own section
in the coming year. Were the facts
otherwise we might not dwell upon
them largely, but we should not deny
them. The facts being what they are,
we believe that The Globe renders
a service to the public in presenting
them prominently, and is more than
gratifed to be able to direct u people
to the happy outlook.
about him forget that the strong brain
is developed only by the same inces-
SAM practice and the same kind Of
self-denial. 1.-THE besetting SIM Of all