Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-01-23
TERMS, $500 PER YEAR
WHOLE NO. 1867.

w HOLL M. lCOt.
Well, as nobody viii want III,
gold in onr hands. il will practically
be added to circnia'lnn The gree.
backs will DO preferred 10 The gclj
and The gold will be ready f r in
vestment. L, will resuit in 5000,
! 600, 900 or abon, that Of expsnsior
of the currency. More gold. Too, i,
being draioed here ail the time from
Europe adding 10 thst ilfi4tior,
Engiand must eat and pay gold "a
do ia
Then we shall pave nearly thou
sand millions of circulation. Wha,
will he the effect of that p
Why, inevitably higher prices.
don't mean that prices will be high.
er for the nccessaries Of life, but that
things % value which are now sell
ing benz h their cost. or out of al
proportion TO their true value, OF
not selling at oil, will take value IN.
der thst natural increase Of circula-
ton. There are no two places 10
America where excellent real estate
is so much depressed as in New
York and Boston. That real estate
will go mp after resumption aud the
redundant money will partIy go IN
to build ngs 80 improve it. In met
ais and some of the manufactures
better prices will prevail. so that
the mills aud furnaces need nolong-
or be run at loss to the prcprietors
merely to give bread to the hands.
It looks to me like the plainest kind
of sailirg, One after another we
have weathered the insurmountabie
obstacles following the war period.
There is not as independent a csun-
try 10 the world to-day as America.
But if high prices prevail again,
will we rot instantly start on anoth-
er career of OVERRIDING il.
No. labor will continue 10 be
cheap because subsistence cannot be
dearer. The western country is now
reaping the benefit of its complex
railroad system, and thorough set
Element and tillaga. Grain - selling
at 81 cents Dushel 10 Chicago,
-there is 90 sign of any decrease in
the production of anything re send
abroad and everything we raise is
marketable. Pork, for instance,
cost Only cent pound to
the producer. To every country
that you can hear of, even to India
and China, our exports grow larger
instead of smaller, and vet the sup
ply here keeps sheau of this demand
so that we are gettirg t, be cheap
country to live in, and an easy coun-
try to get rich in. There have al.
ready been 1000 900 more OF spring
wheat shipped from the western
ports than last year and the reserve
crop /, immense Europe is 600 O0O
hundred weights of wheat snort oil
last years crop Odessa, Hungary
Australia and British India have
grown nothing relatively to speak
of The oil that runs out of the
ground of Pennsylvania and the
West is more and more demanded
every year. The next thing | look
for is improved times in the rail
roads
DO you fancy that we will have
any more railroad building 2
Il am not of the opinion that We
have too many railroads.. They
have cheapened transportation and
helped to put US at an advantage IN
the markets of tho world for cur
crops and produce Even Wander
bits four tracks will, think, pres
eu,lv have plenty TO d..
'Do you regard such railroad as
the Pennsylvsnis. for example which
has breasted all the years of panic,
to be now Oat of the woods and sol.
vent2'
Il should think it would still come
out ahead. L is true hat thcy have
made great many leases. and some
of them rather recklesslv. and have
a huge amount of stock don't
know that can predict that with
so much stock the dividends will be
large and regular vet on the whole
those who have survived the pan.
ic ought now TO have clear chan
mel
Yet. NJ. Mills, there seems to be
failures still taking placer
Well you know there will be some
failures Of persons who did not have
the caLdor to take advantage IF
the bankrupt law while il was in
force. Nearly everybody who was
irrevocably IN debt and honestly
owned 10 it went out before the
law expired A few from pride or
hopefulness. or representation held
on and those may fail. Yet on the
whole there are mrs persons in
the United States with clean slates
and new chance before them than
there has beer seen here for years.
Does business show any increase, /
mean in mercantile circles 2
The merchants generally say that
they have had irstr rate fall trade,
and after resumption, say the first OF
May next, l think you will see SUI
perb trade in New York
The South doesn't seern to pick up,
Mr.. Mills p
well, cotton is no longer king
Somebody says that hay is of more
consequence now than cotton in the
market reports
The silver bill, Mr. Mills, yon re
gard as a mistake p
Everybody considers it a nuisance
now said Mr. Mills. In a little
while we shall be embarrassed with
the amount of gold put at us in our
retail transactions. But silver will
be such prodigious nuisance that it
won't have friend left. / wonder
at John P. Jones, who is smart mao,
wasting months of his time on the sill
yer bill, to the neglect of his own
business
Jim Keene has done a good deal
to keep up hopefulness for the past
two years in the stock market, has be
not?'
yes, Keene has foated good
many persons off whom be did not
i