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Show THE FINANCIAL SITUATION. The people in Utah have a very faint idea ot the real tinanelal con-diiion con-diiion in the eastern Siatrf, or the numerous losses of property during a : single mouth, ending Oct. loth, 1S73. j The losses of the stock o( only nine different railways as will be seen by the. lollowing extract amounts to $SO,000,(HJO: fVntml mid Hudson ly.iHw.uOO l.k- slion- 17,w.wU W.-.-Utii Cniou Jii.ow.yoo VuW,h S.l-HJ.ww p;ull 4.1100,00 st! l'Hui i'rcVcrri -J-M Nirtllw!uTiiri'r-rr.i f'Jl0.iHW itotk l-lalnl ti,UOO,000 If ilie list were extended so as to include in-clude the other stocks not so generally gene-rally quoted, it would be seen that the shrinkage in stocks alone is not less than $00,1)00,000, and if to this I hj added llie depreciation in tlie market mar-ket value of bonds which were available avail-able as collateral security up to Sep. liiih, 1873, and cannot now be sold at all, the to Ul amount tof destruction destruc-tion of property is not less than $400,-000,000. $400,-000,000. This has been lor the present pres-ent as completely wiped out and extinguished ex-tinguished as if it had been consumed by fire or drowned by a Hood. When to all this is added the loss to manufacturing manu-facturing establishments, which have ceased work and discharged their employes, em-ployes, and the fact is considered that there arc to-day in the eastern States nearly half a million of workmen out i of employment, we can form some ideaot the fearful condition to which winter is to open upon the people of the Atlantic States. Such men as Vanderbilt, Drew, Jay Cooke & Co., Fisk &. Hatch, if not absolutely beggared, beg-gared, are so far crippled by the storm that it is doubtful whether one or all can ever recover their former reputed wealth. Of course in the present condition of money matters, the sales of mining property in Utah are entirely en-tirely suspended, and even currency enough to buy bullion or re is almost al-most beyond the reach of 'anyone. When money is worth 1J per cent, per day in the marts of commerce like Chicago, Philadelphia and New York, very little, if any, will be sent here to invest in mines. But within the next three months it is believed that Utah and the mining States will be gainers by this grand financial revulsion. Great numbers of men who thought themselves rich, but who have gone to in in during the storm, will gather up their remnants and seek new homes in the mining regions of the west, and here will strive to retrieve their shattered fortunes and to refit their shipwrecked homes. Railroad stocks and bonds, bank stocks and manufacturing stocks have all shrunk up to nothing, but the silver sil-ver mines of Utah and Nevada, and the gold mines ot California, are pro-duicng pro-duicng to-day more than ever, and there can he no permanent diminution diminu-tion in their values. The great fuian- cial crisis of 1S47 peopled California I with half a million resolute but ruin- ed men. The same cause in 1S-57 I produced the same effect in Nevada; and now, as soon as the waves subside, sub-side, Utah will receive thousands of those who desire to seek a new home and to begin life anew, where the product of the mountains is silver, lead, iron and coal, the value of I which never shrinks. Thus their loss j will be our gain, and in the end this grand crash will prove the truth of the old adage: "It is an ill wind that blows nobody any good1 |