The New York financial troubles of May have, as we anticipated, led to no general disaster. In New York the business community is well over the panic, stocks have recovered astonishingly, and general trade is active and good. Credit lines are closer than they were; but this is a good result. A large harvest gives the people assurance of cheap food, and stimulates enterprise. The shock in May has proved a blessing. We need to be reminded often that honesty, diligence and prudence are necessary to business success, individually and collectively. * * * * * Do not play with it; in the language of the boys, “it’s loaded.” We refer to the theory that impure private life is something relatively unimportant in public life. Vote as you judge proper; but don’t corrupt public morals by public apologies for lechery in any form; it is dangerous business. * * * * * A respectably-sized body of unrespectable Americans have recently emigrated to Canada—made up of defaulting bank officers and other trust-breakers. There is a defect which ought to be remedied in the extradition laws. Canada does not wish to be colonized by this class of thieves, and we prefer to house and feed the rascals in appropriate residences at home. It is, in fact, a scandal to civilization that this class of thieves can escape punishment by crossing the suspension bridge. * * * * * It has settled into custom for the President of the United States to take a long vacation in the summer. We owe the custom, a wholesome one, to General Grant. It was criticised severely when he as President began to travel about in the summer. His successors have improved the practice by roving more widely and extending their acquaintance among their fellow-citizens. President Arthur has traveled a good deal in an unostentatious way this summer, and we have not seen a word of criticism. It is good for the President’s health, it extends his knowledge of the country and the people, and it gives his fellow-citizens an opportunity to see and know him. * * * * * The cholera in Europe drove Americans home this year in midsummer, and gave us an unusually large contingent of the English tourist, who, shut off from the Alps, has been trying our Rockies and the Yosemite. A new feature of our own summer travel is a considerable stream of pleasuring flowing toward Alaska. Perhaps when the seals are killed off Alaska may pay as a summer resort. * * * * * One of the new blossoms of the “Chautauqua Idea” is a summer school maintained by the “South End” churches of Boston. Our correspondent, the Rev. E. E. Hale, is one of the active managers. Its session this year lasted six weeks, and was devoted to popular instruction in kindergarten and housekeeping subjects. The aim is to help the poor to knowledge in practical matters.