The Chautauquan, Vol. 04, July 1884, No. 10Chautauqua Literary and Scientific Circle
History
The Chautauquan, Vol. 04, July 1884, No. 10
Chautauqua Literary and Scientific Circle
Chautauqua Institution -- Periodicals; Chautauqua Literary and Scientific Circle -- Periodicals
Prominent also, as heretofore, is the aim to keep before the C. L. S.
C. both the moral and the religious. No one can read “The Character
of Jesus,” by Bushnell, without mental and moral profit, without the
awakening of a deeper homage of soul for the world’s Redeemer. Then there
is Mrs. Field’s work on that perplexing, every-day question, “How to
Help the Poor.” Bishop Hurst’s “History of the Reformation” is among
the very best works on that eventful period in church history. These
are to be supplemented by the continuance of those well-chosen Sunday
Readings in THE CHAUTAUQUAN. Beside these classified departments we are
promised a series of articles on miscellaneous subjects, such as Memory,
Self-Discipline, Thinking, Selection of Books, etc. Taken altogether, a
course of study for a year which, faithfully pursued, is an education
in itself. We predict for the C. L. S. C. a year of increased interest,
pleasure and profit.
THE WALL STREET TROUBLES.
The panic in Wall Street has not extended to the whole country in the
same form and intensity as the great crises of 1857 and 1873; but, no
doubt, the effect of the shock at the money center will distribute
itself gradually over the entire country. The country is not any worse
off now than it was at the beginning of May; it is, rather, better off,
because an evil has been uncovered and a remedy applied. We did not
think ourselves on the verge of ruin on the first of May, nor do we now
know that we were. The evil we have discovered in action we knew to
be in existence then. But having been forced to take medicine for the
sickness, we shall experience some inconvenience from the drastic dose.
It is hardly possible to make an 1873 over again. None of the factors
of a great general depression exist (so far as we can see); but the
cure of the speculative disorder, from which the whole economical body
must more or less suffer, may be exasperatingly difficult. All chronic
maladies yield very reluctantly to medical treatment; and our economic
maladies are equally stubborn. The seat of the present trouble is the
organization of railroad property and its management; the principal
owners and managers of railroads are speculators in their own property.
This disorder has existed from the beginning of such property. It is a
twist which the property was born with. It has tortured the patient for
fifty years. And to this date no one has applied any adequate remedy.
Reformers abound, but the patient does not hesitate to call them quacks;
and, denying that there is any serious trouble, it asks to be let alone.
Public-domain text, read in full here on John Shaqi.
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