Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1875-07-21
Ihe Financial Outlook.

part OF the country. aud, indeed, all
over the world, and this has been the
cry SO long that its natural echo,
"W hen will they end 2" is also begin
ming to resourd from mouth to mouth. .
It's fact useless to dispute, that
financial matters are exceedingly dull
every where-,not only in this country
but IN Europe aid Asia as we'll, for
while India aud Asia is prostrated
from the results of the famine, and
Mexico IS selling her bonds at start
lag sacrifice, the great empires Of
China ana Japan, the lands of econo
my, frusallty and ceaseless toll, are
ln the market borrowing needed funds.
Why this state of affairs exists is a
prob em whlcn puzzles the minds OF
the b~st tnanclers. They each have
a theory TO advance, but the theories
Oh scarcely two OF them agree. That
the hard times exists, needs no dem
onstratlon. The rich man who can
get no satisfying percentage for his
ready money IN the loan market, the
business man who counts his sales
each month, the laboring man who
asks IN vain for work-al feel it and
realize II without the aid OF argument
or theory
As 1t is hard to reach a uniform
conclusion as to the cause of the de-
pressed condition of monetary affairs,
1t is likewise as difficult to settle upon
the remedy tor the overshadowlng evil.
Flnanclers Will discuss the laws Of
commerce, production, supply and de-
mand, and daze you with columns of
figures and tables OF facts, but this is
curative. Politicians Will debate up
on contraction and initiation of curlency
but this Is no panacea Tor the case IN
hand. Ali that can be done is to fact
the fact OF the hard times, with
determination to weather through the
unpleasant days OF its presence, to
keep digging away at tie mountain OF
present difficulties until ii is removed
from sight-to labor aud hope on
while trusting to the future.
What is the future to bring us?"
is the inquiry. In matters OF money
men grasp for the slightest relief in
times of embarrassment, as in no other
thing; and nol let US look at the
straws of cor.sst-lf nothing else
which are being held out to us--,o
America, to the United States, in the
hhaand of the Future. Gradually, but
lat;ons nsuuassMas, usMs,,is Is the era of specie circu-
government is exchissut excahis t4s land. The
silver; mints are busy with their tacks
of converting bullion into coin, and
gold is creeping down to shake hands
and acknowledge the peership of
greenbacks. This resumption OF
specie payment may not be brought
about Immediately, nor prove an in
stant remedy for the hard times; bnt
it is at least comfort to know it is In
prospect, and this comfort is worth
something always. Then, again, We
shall almost surely have abundant
crops this year, ell over the country
which will be great help, especially
if there should be good demand
abroad for our bread-stutfs. Further
more it is only step into the great
centennial year OF our existence as a
nation; do we not see a little harvest
here ? Europe has been reaping the
streWn roses Of the wealthy travellers
and sight secrs of America for years;
may We not feel our spirits grow light,
and our purses heavy, by return Of
the compliment next year? 1t looks
so. There will, without the shadow of
a doubt, be many, many welcome dol
lars poured into Americas capacions
lap by foreign visitors during the six
months exposition of next year, which
the country must feel for good. Fol
lowing the Centennial will come the
exciting period of the next Presiden-
tial campaign. The nation will be
active in spirit; there will be many as
semblages of the people and much
travelling to and fro by the candidates
and their friends, and while this will
cost all those engaged III the canvass
time and money, it will bring out into
circulation hoarded funds and scatter.
wealth that usually lies dormant, for
replenishnent of poorer purses.
These events are only year, or a
little more, away, and may they not
combine to furnish the impetus to start
anew the now clogged wheels of fnan-
cial affairs, and prove at last to be the
longed-for.r practical not theo-
retical--the cure for g hard times 2"
Meanwhile let every man work at any
thing honorable, and wait, wait patient
~ for the good times surely comirg
- Chicago Journal.