Provo Daily Enquirer | 1897-10-14 | Page 5 | Prosperity is Now General

osperity RUTY IS NOW GENERAL business improI 1 prvement moves forward by C great reat leaps and bounds the doleful ories cries of Oa calamity lamity howlers bowlers cannot cannot check the advance of good times time being unable to deny that prosperity is come again upon the country the opo crat statesmen and organs with ie ae accord are loudly proclaiming procla laning that I 1 is ill all flue due to the failure of the foreign 1 beat crop crap the growers 0 of wheat icy say are prospering but bat other ealah producers are getting no bent bene s there is a great deal of difference 1 wever between mere asse assertion ruou and 1 1 ell authenticated fact there Ss is andant un lant evidence on every hand that i I 1 classes of the I 1 people in including ind i caleb producers of every description I 1 j a sharing lp in the new prosperity the i lilure of the foreign wheat crop could 1 I 1 jt it start hundreds of idle shops shop s and 1 edories to operating and give employ i mt at to hundreds of thousands of idle I 1 S I 1 orkin ot kingmen men the th failure of the fore foreign 1 I 1 I I 1 near crop would not suffice to still te all lines of business and produce i 4 reella reeling 11 of confidence and security I 1 uong investors investors and merchants rou ghoul the country the failure of the foreign wheat crop 0 not quicken the domestic wool ado the leather trade the trade in cloths claths and shee tings the tin cop or and iron trade the beef pork and aard ird trade the trade in petroleum guss ass lead cottonseed oil lumber pa oer brick coal salt hay hemp pota es cs corn barley rye butter eggs and F nit according to bradstreets which I 1 is kept 1 a I record 1 0 of f the business done I 1 0 all lines for the last four years year the I 1 ade in all these commodities and I 1 ores of others has rapidly increased s nee ace july the month in which the rei hei I 1 j allican ib lican tariff was enn enacted eted 1 regarding the stories of western f amers paying off their mortgages n s cb enormous amounts the orange add farmer has made careful inqui I 1 r os s and says that while it finds the statements somewhat exaggerated J ag ae is unquestionably an I 1 immense amount of liquidation 90 going ng 1 on during the past few years the I 1 farmers have praet practiced iced such economy i ecat at the marked improvement in wheat f j I 1 and aad other prices has wonderfully imi 1 proved their financial condition one geat g eat incentive to pay off old mort I 1 g is the lower interest rates at I 1 n aich new diew loans can be obtained I 1 C t ilva jay causes of good times advocates of the theory that the revival I 1 j t or of busia business ess throughout the country is due to the wheat crop instead tead of the tariff I 1 found something to ponder over in the I 1 rade reports ot of dun and bradstreets for last week from these it appears that the farmer tamers s have lot yet marketed one berth of their wheat but are holding holdin it f for 0 71 the higher price which the foreign 1 demand I 1 implies hence 1 90 10 per cent 0 of f the cash I 1 returns already credited to them in dem erratic estimates has not yet gone into I 1 luie cie ricas rican circulation and cannot I 1 1 b have caused or influenced the general j of iron steel rubber and tex e industries and the increase in the pro h s of all private business which have 0 tea en in evidence since july the special I 1 eints pi ints of interest aside from this in the I 1 ade reports are an increase since one j ir ar ago of 34 per cent in the employ I 1 0 mt at of cf members of trade unions a gain of 0 12 per cent in ia one mouth month in the output T pig g iron implying an increased con emption of tons a rise of 5 cents i x tle the price of wheat an advance for au an j t st in prices of more than staple f rm and manufactured articles of 34 r cent following a 31 per cent advance july and a marked decrease in failures to r th in number arid and the average amount liabilities in this chapter the tariff irs a leading part parl san francisco i ronicle no time for Cro croaking akin I 1 the propensity of the calamity howler I 1 predict misfortune for this country and emphasize the dark side of life will find ile he encouragement by contrasting the seat besent condition and prospects of the merican people with those of the rest of c world for such a comparison will real a the fact that we are vastly better off day any ib than in most peoples while other untried are threatened with distress ow g to short crops we americans have I 1 en blessed with one of the most abdun n ut nt harvests in our history while the fr f r eust east is suffering with famine and w u hilt bile the harvest in in ireland is reported report eil r abed by unpropitious weather wea klier we in hi america are chiefly concerned with the p Voble eblem rn of tr to market the turp surplus his products ot of the farm while ris rising prices will bring dismay to those parts of the world which are under the ity of buying the american farmer fanner with a granary overflowing with wheat and corn looks with I 1 complacency upon the steadily climbing grain markets the great laws of supply and demand are working in our favor and are bound boand to bring renewed prosperity to our country detroit free press why do the croakers croak solemn silve rites whose knowledge of affairs is wider than that of most of the men who voted for bryan last fall are not bot altogether silenced by the ri rise rie e in in prices under auder the ille condit conditions ious existing inac once the compute complete triumph of sound money i in 11 the united states some of them like til the e ritchie of summit count essay the weary tn task sk of per persuading peru anin veople people who like lac the change io in the times that it is the result of famine in in india and li It arrests in 1 drope these ahm ys pa rade before the voters of ahmea the alread ai ot of gaunt victims of star rallon in and they their gioie the ibe gloat it ports of cf crop in an ireland they point to weaker rai n ceus in RUP ra sai fla and to the el 1 t Is iii be ane asat wheat top rop of ars frs Tb they say b tle 1 amree ot of wf bagh er in the W jt it amo b alam abai wi l be ea by b y ex ei esq iama egl tte the amei al 44 A I 1 the markets will again be as low and weak as the price of silver this sort of explanation can never be effective for two reasons the first is that it goes too far for the average vo voter ter to follow with much interest the second and the best is that it wholly fain fails to account for the advance in many important commodities which have to da d with the bar harvests vests f 1 in i n europe licop or the fa famine niue in in india has there been a famine in in hide hajes anywhere has the leather crop failed what bad weather has made iron iron scarce and raised the price of steel what is the force that has lifted the market for wool as far in proportion to former quota quotations dons as wheat has risen why are lambs much higher than they were aej e when the dingley bill was passed how about the butter crop has that failed ailed f in ia india Is the cheese market feeling the effects of the harvests in russia where is ig the cotton crop a failure who has heard of a lumber famine cleveland leader iader Breid breidenthal euthal admits it one of the most recent and conspicuous examples of a populist who has discarded the calamity howl how for the prosperity whoop is J W breidenthal of kansas ile he is the bank commissioner of the state and less than one year ago he was a who could see no prosperity and no salvation for the country countr v unless the boy orator of the platte was elected and silver given free coinage at the beaven ordained ratio of 16 to 1 but breidenthal has changed since then he has seen a great light and this is what he has to say today to day never in the history of kansas has there been as much money with which to pay debts deb as we find in the state today to day the st state a Is e has s truck a wonderful streak of luck conditions brought a good wheat crop the arl prices 9 advanced cattle are re plenty and commander comm command andea a good price these conditions found kansas kangas in a good position to profit immensely thereby and we are doing it there never ne er has been a time in the history of the state when the farmers have not raised enough to live on now comes this magnificent year with immense crops and high prices ind and it is little wonder they chev are making the best of it the people are making an earnest earliest effort to get out of debt and w when ben they succeed in dol doing this the kansas farmer will be the naos most t independent ug nde pendent person on earth because he knows enough to keep out ont of debt when once he gets started in the right direction kansas is today to day the most prosperous rons state in the union there will he be homesteads cleared of mortgages this fall think of what that means the mortgages will average 1000 each which means the expenditure pend iture of it means also so that thir state is becoming a commonwealth of homes if breidenthal had bad said last november that in less than a year kansas farmers would pay off of mortgages mortgage under sunder a republican president and the gold standard his fellow lists of kansas would have chartered a special train to convey him to an I 1 insane asylum kansas city journal 1 cottons best year 1 ear this butchery is sickening there is ii no hedge nor bush nor rock on all the r stricken tr icken field in whose slim shadow some ome q shuddering may not be found hiding from the statisticians steel they are thickest behind the refuge of fore foreign i agn crop failure A poke in these sets set all sorts and sizes to wriggling grandpa bland and boy bryan and teller beuer wailing now that christianity and morality depend on more business for nick hills smelter and as they wriggle they ther squeak famine you brutes you are gloating over famine you are exulting in the miseries of the victims of the gold standard in india and austria ind and england and france there is nothing in this wave of prosperity which ouch is giving diving us some temporary embarrassment but a foreign shortage taUe in wheat let 11 us i stir sti r r up the wrigglers lers a little f urther further there has been no foreign shortage in cotton if there had been it would not matter in the sense that a wheat shortage matters for we supply 70 per cent of the world s cotton anyway and never more than 25 per cent of its wheat yet we are gett getting itIc an extra 10 per cent this year say on for our cotton these thee are the figures just compiled by the secretary of tho the new orleans cotton exchange mr H hester e 5 commercial crop value iska 97 IV 1 isaichi ISA z nUY ldoa ma 95 2 sL 1893 iu I 1 IS 1 3 7 asir j 2 84 7 i C z 5 iia I 1 L I 1 luyi 02 I 1 in other words we have ante panic values and ante panic prices the crop is worth S more than it lias has been in the bet best year for five fire years new york press southern cotton 3 lills one of the most encouraging features of the business season ended on the first of this month wa was the showing made by Son southern thern mining and manufacturing enterprises terp torp rises reports from reliable sources indicate that all of them were fairly prosperous n erous evan while similar industries were depressed in other parts of the country the result being due in great measure to the advantages of the proximity of the raw material to points of 0 consumption or manufacture and to the favorable climatic conditions this vt ns especially true of cottor cotton which evidences a grov th both continuous ot of ble extent fir ohp first time alm the consumption of sonol em n 1116 exceeded it a million anillio bales 6 8 cli niter ine to republican policy cy I 1 it t az s oaly a lutlo rhile the iho democrat demot of zhe 41 rT were taunting ig the nus with th the slown slowness of I 1 verity in in return Sti where now new they i df ara ap the signz signs of df Us com coming 1197 the vw flew tatia had hardy hard bm been end i beye the borm wal ott on in o qa to be b th yae ak poe 1 iasi 11 pt M a tiie me iffie erti c par ty had lo io alg it thoi gnap tho m mat te OW gothge 1 ua of almlie wa am ifie ie oil af it ail mit fi ow 3 pf af f rass s loya iowa peach fi no fy flait I 1 i me in tap if alt RA ayo drops of the a ampf fijn e bilof ling yS 14 the af t te JS th i faff amy t jmj ie file ss grgat J aral wilma fast I 1 in the cas case is that there has been subi ly the same healthy advance in the prices of other pro properties of about the e same sensitiveness to the market this proposition was brought out with special force by gov GOT tanner in ia an interview given to the st louis globe democrat at the time the governor spoke the advance adrance d in wheat had been 30 cents per bushel and he added bat r railroad stoc stocks manufacturing stoc stocks ks and all ather other stocks ot of a character to feel the effects of prosperity have increased all tbt th way from 30 20 to 50 per elat nt t MI n me former values at the same time limp t it at it ha has s i been making this gain of ito 0 cats a i bushel I 1 cattle trigs hogs corn cats redtop seed III all farm products product have gone up almost it not quite in in the proportion that stocks and wheat have bonds and mortgages have hate en taking the vp vast t interests dented by stocks and ionis ion tn Is ls you will find that the increase in the titi vat value made duran the past three months s 1 I pa the advance on things cattle bos boss corn and so on das amounted to more than there Is a i grind grand total of Sl added to the of this country it has been done by the adoption of a wise and encouraging eco economic remle policy which has restored the confidence of 0 our people chicago inter ocean 1 4 L 1 i the iron barometer among the proofs of reviving prosperity pro per which some people are trying hard not to see sec must now be included the increase of 12 per cent in in the output of pig iron within about one month after the new tariff was enacted for many years there have bare been not a few among the foremost practical business men who have regarded g crded the production and consumption of iron as the surest barometer 0 of the conditions upon which depends increase or decrease of general a prosperity ro this i is s in I 1 in part because the production product iou lou is of necessity months ahead of the final consumption in finished forms form and is based upon all that some of the shrewdest practical men in the country can foresee of the future demand 1 for rails car materials and other railway supplies for freight vessels along 1 the lakes and on sea coasts for business 1 buildings and the structural shapes of i which their skeletons are framed for agricultural ri implements and the iron and steel entering into their construction for i extension and improvement of farms and so for fence wire and wire rods and for I 1 erection of residences and other build i ings ani and so for nails and hardware of nil all kinds when evidence points to materially increased consumption in so go many forms trained business men calculate that 1 better times are coming the production of pig iron started this year with a weekly output of about tons having enlarged to that extent from tons last october a 9 gain din of more than 40 per cent there was a little further advance to about to tons ns in march and april but as tho the passing of the tariff bill came to be considered more remote or uncertain and stocks of unsold iron accumulated the production was i diminished to tons at the b beginning agin I 1 of july showing a conservative determination to defer further increase of output until the conditions necessary for future prosperity were more positively assured this assurance came with the passage of the tariff bill late in july and i the weekly output was slightly raised aug 1 and increased tons weel weekly during