OCR Text |
Show NO CAUSE FOR DEPRESSION. There is a good deal of depression on the public, pub-lic, a something like an apprehension of general business disaster here and in the east. The trouble on Wall street, the run on the Trust Companies Com-panies in St. Louis; the dispatches announcing shipments ol gold from Euiope and the talk among men and in the financial papers that Congress Con-gress ought to pass laAVS to give the currency an elasticity Avhich it lacks now; altogether make the feeling of apprehension which Is general. And still the outward signs of disaster should not concern con-cern more than a smal percentage of the poople, the speculative class that invested in the trusts and have been getting squeezed during the past six months. It is true that two or three banks in Noav York could repeat what they did in 1893. They coul send circulars to all the banks throughout through-out the country telling them that the outlook Avas bad, and advising that collections should be croAVded and loans restricted and paralyze business busi-ness all the way betAveen the seas, for they Avould be heeded. But so far as legitimate signs can be trusted there is nothing sinister in the situation. The export ex-port trade continues very strong. The crops in the East have been superb. It is said that the Missouri railroads have caiTied this year from Kansas $60,000,000 Avoith of Avheat to the market. That is but one state and Avhat Kansas has done has been duplicated bv Nebraska, Missouri, IoAva, Minnesota, Wisconsin, Illinois, Indiana and Ohio. A dispatch only a feAV days ago told of the unparalleled un-paralleled shipments of cotton; another gave the number of fruit cars that have so far this year left California loaded, at tens of thousands. All this shoAvs that the farmers and planters of the United States must have hundreds of millions of dollars more than they had last spring. In the mining states there has been a little depression in Montana and Colorado 'Caused by the strikes, but Utah and Idaho, and Dakota and California are keeping up their ancient reputations Avhile Nevada Ne-vada is swiftly coming to the front again as a great mineral state. The harvests have paid Utah more this year than ever before. More miners except coal miners are at Avork than ever before; there is no tangible reason why the outlook for Utah should not be better than in any previous autumn. In. this city, judging by the houses that have been built and tho difficulty there is in getting comfortable accommodations, there must have been an increase of ten thousand in tho population during the past year. This is apparent, ap-parent, too, by noting the neAV faces at places of entertainment. SO far as any outAvard signs go, thero is not the slightest reason for either depression de-pression or apprehension of evil. And people should take a more sanguine vIcav of things because be-cause Avhen every body is a 'ittle blue the impression impres-sion they all throAV off makes a great cloud on the mental sky, one almost, as gloomy as the chimney's chim-ney's supply by their unrestrictsd pall of smoke. |