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Show B PROLONGED PROSPERITY. H When a porlod of commercial pros-M pros-M tdty becomes prolonged, It begins to j Invito tho caution of tho prudont and M M-ouso tho fears of tho timid. Such B un Interval occurred during tho Civil H war and such another ono is passing at tho present tlmo. It is nt periods of this character that every circuiting circuiti-ng stanco which tends to heighten tho "t prevailing distrust Is brought forward '' , uy Interest, prejudice or passion, nnd L displayed as tho truo causo ot tlio ' commotion. Tho prosocutlon ot cor- t&ln railroads for secret robatlng; tho Bfl i condemnation of certain monopolies , for repeated violations of law nnd , good faith -thoso and other pretexts are being sedulously put forward as tlio CAimcs of tho existing financial I uneasiness. Nor aro such grounds ot alarm entirely dostltuto ot plauslbll- ity; for alarm feeds as readily ti(on belief as fact, upon sentiment ns upon reason. But, nftor a careful cxamlnn- tton ot tho Bubject, It will bo found that, nsldo from a remedlnblo con- strlctlon In tho monetary Held, thoro is nothing In tho situation to warrant B nny approhenslon for tho immediate faturo, and as for Buch construction, It Is not pressing. Tho United States is at peaco with all the world and Itself, and appears likely bo to remain. When It is con-pi con-pi sldeivd that this country has nover cxperlonred n panic that could not bo traced to Its own legislative blunders, PJj tho Importanco of ranturo legislation by jurists thoroughly acquainted with economic laws cannot bo ovor-cbtl- mated. Thu new conditions of this century demand tho ropoal of much of our lawyers' law and tho enactment hi Its placo of a llttlo scientific law. Theso preliminaries bring us nt onco to tho consideration rf our principal source of prosperity tho agricultural , cropB. PJ Tho report of tho agricultural do partment for August Indicates a crop PJ of malzo (corn) ot about 2.050,000,000 1 kushels; whoat, winter, 410.000.000; PJ spring, 230,000,000, total, C.40,000,000 , bushels; togethor with crops ot oats,' PJ barley, ryo, buckwheat, tobacco, pota- H toes and hay equal to tho avorago liar- PJ vest of recent years. Tho outlook for J tho cotton crop of 1907 Is for over 12,- PJ 000,000 bales, and tho European do-! J mand so keen that tho Texas plantors PJ flro clamoring for a union to hold for PJ 15 cents a pound, tlio prevailing prlco. J being about 13H conts for mtd-up- PJ land. I IWhcn theso colossal crop flguros are multiplied by tho enhanced prices which theso staples now command, it trill be found that tho farmora and. m ' planters aro likely to recelvo as much money for this year's produce ns they got for lost year's, and perhaps more. This means about $0,000,000. Tho production of somo two scoro and minerals aggregated 819,000,000, besides 177,000.000 of secondary minerals min-erals and chemicals. Metals yielded 873,000.000, tho gross total being $1,809,000,000 In vnluo. Tho mines of thu Transvaal yielded In July 51,138 flnu ounces of gold, against 51,918 In June and 48,185 In July last year. The monthly average output this year amounts to nearly 50,000 ounces, mjich moro than double tho nvcrago of 1901, and making nn Increase of nearly 3.000 ounces per month over Inst year. Tho output of tho last throo months hns been tho greatest ever recorded. Thus, In tho production of tho year 1.007 thoro In to bo observed no mato-rlal mato-rlal falling alt In nny general direction, direc-tion, and In most directions n material gnlu. In n few words, the original matetial elements of prosperity produced pro-duced this yenr should bring to tho producers nH much money ns they did last year, or more. Tho foundations of our welfare arc thus seen to bo solid. |
