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Show WHAT IS THE OBJECT? We wonder if there is not design in the frequent fre-quent articles seen in the eastern press, hinting that if a great financial panic suddenly paralyzes the country no one need be surprised. What is behind it all? The years' products show a net value of close upon or quite 1,000 millions of dollars. Of the expenses of producing that product quite one-half went out in cash to laborers and for raw material. That was not lost but is now in active circulation all over the country. The country met with no serious calamity; every form of business paid as never before; in many lines of manufactures there are six months advance orders on. This is particularly the case with steel, which is supposed to be the business barometer. Then where is the immiment peril that hangs over the nation? Of course there has been some fearful speculations in stocks, but that affects af-fects only a comparatively few people. And then the stocks as a rule by their dividend's are worth the money. Of course capital that is bold when things are booming, is timid and withdraws into its hiding place when any danger is scented. Is not some man or some combination of. men presuming pre-suming on this and trying to create a fear and then take advantage of some big failure to shout, "I told you so; it has come?" Sure it is if a great panic were to come it would be .such an impeachment of the common sense and business ability of the American people peo-ple as was never seen before. The panic of 1893 was a rich man's panic, precipitated pre-cipitated on the country by half a dozen eastern national banks. They did not mean to make it so bad, but they raised a storm that they could not ride. Then, too, they had an object and then, too, there was not much surplus money in the country. Now there is no object and there are oceans of money. What is the object of the croak? |