Bisbee daily review., 1908-05-24

when the machinery goes wrong tae mortality is expected to be commen' sureafely increased. But that is noy the fact Thus, in the first quarter of 1908, the amount of liabilities to each firm in business was only s53.2S, against s10lS7 in the first thrce months after the panic of 1893, and tAe defaulted indebtedness to each si .00o of solvent payments through the clearing houses was only S2.52 against ss.22 in the earliest year. This is a decidedly lower death rate for sons suggest that either the reeetioa, through which we are passing is less violated than preceding Impressions, ss the nation WAS sn better position to withstand the strain.
 In considering the future 1t is well 10 look as carefully as possible into the past. Much peforce depend up on precedent. Physicians predict the duration of convelescence upon the violence and exhaustion d the malacy, past experience providing gulue os incalculabie value. As the patient has suffered. 90 much the ratio of re covery be measured. and it is less of . proposition to rally from a mild case of measles than from serious opera tion. This brings Us to the vital question of the Fundamental extent of the recent unpieasantness-
 At the bottom of every disease to which the body polite Is heir there exists a specifis cause, and in no case do we find anything chemically wrong wita this sturdy young nation that is rapidly passing its older brothers in the race for commercial and financial supremacy. Briefly summarized, 1t is usually simple case of excess. Un- fortunately the word thrift" is a superfiuity in the vocabulary of an American. With the marvellous re sources and almost unbouDded possi- bilities that attract outsiders to the extent of over a million annually. there is no reason for a severe set back if even a moderate degree of conservatism governed the lives of our people, but the very ease of devcl- opment encourages excesses. Were II possible to combine the thrift or sli. older nation like France with the op- portunities of the United States, wealth would be accumulated at a rate that would astound the world. On the contrary. however. the text is always, Build bigger barns" and ey- cry thing is extended beyond the limit of safety. The strain reaches the ut most bearing power of the solid beams sooner or later, and collapse follows that is more or less severe. The re sumption of progress depends upon the extent to which the structure has been weakned and the revival of con fidence, which Is the psychological factor The buying power can only be restored by saving" and Americans do not care Tor that word
 Our idea of practical economy" is as hay as the Jersey statesman's def milton of political economy, waich he said was the 'art of not buying any mere votes than you need We go on steadily advancing our standard Of living until it will soon be impossible to tell the story of the farmer who was asked by some city people seek a boarding place for the summer whether he had a bath tub in the house. "No." said he. ''T you really need a bath you'd better take it afore you come"
 If our grandfathers were content to walk. our fathers wanted horses. and we believe motor cars are the