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The Slow Times

The Slow Times image
Parent Issue
Day
1
Month
October
Year
1875
Copyright
Public Domain
OCR Text

Wd do not look for a sndden revival if business any longer. If our dingnois of the oase is correct, there can he 10 8udden cure. We ot this generation yill hardly live to see the country genlinely prosperous. Great niasses of jroperty are to be abandoiied. The ïapital stock of multitudes of corporations will be sunk, and their property rill pass into the bands of bondholdurs nd oreditors, at such a price that they may be made reuuuneratively useful. Hundreds of tnillions of invested funds will practically cease to exist. The things in which these funds have been invested oannot be used, and they ruight have just as well been thrown into the fire. Thus the means of living have aeen enormously reduced among capitalista, and more men need work to do than used to need it. With this tact on one side, we find set over agaiust it the other fact, that, of the multitude who had adjusted their industry to the conditions of war, only a part are needed under the conditions of peace. Tene, twenties, fifties are to be countod out ot the milis, the factories, the shops, and sent either into idleuess, or souie other field of industry. In other words, our national industry is to be re-adjnsted. The cities aud centers which have grown so rapidly will naturally cease to grow. The larger eities will grow, perhaps, as Liondon grows, by their attraction for men of wealth, but the men of enterprise will not crowd into places where there is no work or reward for thetn. The boys will stand by their father's farms better than they have done, and hundreds of thousands of men and women who left the farm aud farm house must return to them. It is pleasant to reflect that a living can be won from the ground, and that agriculture holds a certain cure for all our troubles. Mr. Greeley's old advice, " Go West, young man," was based upon a philosophy whose sounduess the peopl of this time cannot question. The tendeney in bis time was to overdo business, and tnat tendenay went on, to the distressing results of which all of us are the witnesses and the victims. It is pitiful to see men and women lying idle. It is pitiful to see them in great masses thrown out of employment. We wish they could be made to understond how hopeless the situation is for at least half of them - how necessary it is that they should seek employment in agricultural pursuits, in lives of industry adapted to the present circunistances of the country - in anything and any place except that which is proved to be iusufficient for their needs. This change must come, and the quicker it comes the better for thein aud the better for the country. Let us leave nothing to the political doctors. Théy cannot help ub with any of their schemes, except by giving us an honest tinancial system. Even this cannot work the luiraole of making people consume more than they want, and of supplying work where it is not ueeded. The American people are not laeking in shrewdness, patience, adaptiveness, and industry, aud the good time will come, though

Article

Subjects
Old News
Michigan Argus