The effects of such destruction of property may be temporarily prevented by bringing capital from other localities, as before suggested, and business affairs may, for a time, seem even more prosperous than ever; but when the capital thus brought is to be repaid, comes the re-action, and the loss is felt even worse than it would have been had no such borrowing have taken place. Witness the city of Chicago, as a notable instance in the recent history of the country. The buildings destroyed by the great fire at that place were speedily rebuilt, a good portion being done by borrowed capital, and it was really surprising to see with what amazing rapidity the losses seemed to be replaced, and the city rise, as the phrase goes, "Phoenix like from its ashes." Business went on, seemingly, as brisk as ever, and it was boastingly proclaimed that Chicago beat any city on the continent in recuperating power, and that it was a greater city than before the fire. But pay day must come. The property destroyed had been replaced, but not by the creation of capital by labor. The seeming wealth had no substantial foundation, the re-growth having been too rapid to come from this source, and how stands that city to-day? The city treasury bankrupt, with a very serious question arising whether the municipal government can be maintained much longer, and private bankruptcy on every hand, for the pay day has come to considerable of the indebtedness, and the shift of borrowing cannot be resorted to forever. The lesson to be drawn by the striking laborers of Pittsburgh, from this illustration is obvious, and it should be taken to heart and pondered on by all labor organizations throughout the country, lest, by their unwise and hasty action, they may strike a blow which will re-act on themselves with treble the force with which it is aimed at some corporation or capitalist. It may be expected that an opinion will be given as to whether or not the Pennsylvania Railroad Company were justified in making the reduction in wages of ten per cent. on June 11, 1877, and, ordinarily, the question might be answered that this, or any other, corporation or individual has the right to pay such wages as it or he pleases, and to require such services for the money paid as it or he may choose. This rule must be received with considerable modification, in the case of a great corporation, receiving special privileges from the State, and employing thousands of men, scattered from one end of the State to another.