Show ELEMENTS OF CONFIDENCE The New York Tribune of Friday last has an article entitled Elements of Confidence and Its argument must I I be considered a rare bird Indeed I I says that the experience of the last few days has helped to enlighten some speculators in regard to the stability of American finances 1 then goes onto on-to say that after a time it may dawn upon the minds of these speculators that since the election put an end to a Democratic national policy this country has not been shipping gold by cargo to pay debts nor borrowing money by the hundred millions for government expenses and that all Europe Is aware of the ability of this nation to take care of itself under a Republican government Ever since the November election the country has been going along under precisely the same laws that I did before be-fore Wherein there has been anything any-thing special since McKinleys Inauguration Inaug-uration to convince Europe of this countrys ability to take care of itself It would be a difficult matter to oolnt out In fact It has been many manv years since Europe had an Idea that this country could not take care of Itself selfBut But the great argument as to what constitutes the elements of confidence dence is this At the bottom of the financial problem prob-lem Is the fact that uncertainty abroad means a greater demand for American wheat and corn meats oil and materials of war and at the same time a stronger investment demand for American bonds and securities for paylps property here This country is out of the muss and sufficiently powerful pow-erful with respect to interests deemed vital by European nations to feel reasonably rea-sonably confident that her rl confdent rights and I Interests will In any event be so far respected re-spected by combatants that we shall not be drawn Into any trouble Indeed I the fact that Europe Is dreaming of a greater war every night places this I nation In a stronger position than i I vould hold 1C peace abroad were as I 0 t I sured Capital runs from all parts of the world to seek safety with profit This country will reap the harvest no matter whether crescent or cross obtains ob-tains the support of Christian Dower I is part of their penalty for tolerating the crescent In Europe that the rich II regions about the Black sea do not make the Christian nations independent indepen-dent eat to food Uncertainty abroad Is at thebottom of the financial problem and this means a greater demand for American breadstuffs Element number one of confidence This country is out of the muss and sufficiently powerful to feel that its rights will be respected by the combatants combat-ants and this country will not be drawn Into any trouble Element num I ber two of confidence The fact that Europe is dreaming of a great war every night places this nation In a stronger position than It would hold if peace were assured Element Ele-ment number three of confidence This country will reaD the harvest no matter whether crescent or cross obtains the support of Christian sow ers Element number four of confidence confi-dence These are the four great elements of confidence Summed up it means practically that the foundation ot confidence in this country is war in Europe and the greater the war the greater the confidence What a position posi-tion it Is for a supporter of the administration ad-ministration to take to say that th = nation is in a stronger position because be-cause of war in Europe than It would hold if peace abroad were assured And what a reflection on the power of a high tariff to make this country not only independent of all others but to make I stronger than they as a consequence con-Sequence After all I seems that the abroad elements of confidence come from I |