The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1879-08-28
THE TIMES FINANCIALLY
IMPROVE.

THE TIMES (FINANCIALLY)
. IMPROVE.
During the war, and for some ter
, years after its close, goods of all kinds
t had an expanded value. Money was
{ inflated; labor also was paid the same
proportionate high price, and it was
!; thought by many Of the citizens of the
United States that the country was in
a very prosperous condition; all kinds
OF manufactured goods brought great
prices. All classes of men became ex-
travagant; money came easy and went
Just as easy; business of the various
kinds branched out, new manufactures
were built, all laborers could find am
pie work at remuneratiye pay. Credit
was extended to those who wanted it;
manufactured articles and goods were
over-produced, the markets were over
stocked. Now the times changed !:
manufactures stopped, operatives were
thrown out of employ, with no money
laid up during the prosperous years.
| All had been paid out as fast as earned.
| Starvation stared them in the face :;
the once rich manufacturer had failed,
and in reality the times were hard
Many laborers were compelled to leave
home and try to find employment in
other states and places. Without success
and without money they became what
has been called tramps from force of
| their circumstances. Distress was all
over the country; no class Of people
escaped from loss real estate fell in
value; securities shrunk in values,
property, that had in prosperous times
a fabulous value, on which loans had
been secured, fell in value far below
| the membranes. Thousands upon
thousands of business men throughout
the country were hopelessly bankrupt.
All classes OF business felt this terrible
| depression; prices Of goods fell below
that ever known before the war; and
we might almost say that the country
was completely bankrupt. Now we
must turn the picture. The sun of
hope begins to arise; business is reviv
ing, prices of goods improve, laborers
find employment at prices equivalent
to what they have to puchase for them
selves and families support; manufac-
torres are starting up and running full
time, and there is demand for all
kinds Of goods, not at war prices, but
at living rates, and at as good prices
as before the war. The farmer gets
as much for his produce as he ever did
before the breaking out Of the rebellion,
and his purchases as cheap. Look at
some Of the prices OF farmers produce
before the rebellion, wheat from sixty
to eighty cents, oats sixteen to twenty
five, pork two dollars and a half to
three. wool twenty-five to fifty cents,
beef three to four dollars per cwt.,
butter ten cents, and cheese from five
to seven cents per lb. How much
lswer are the prices now? Domestic
goods were higher before the war than
now. Calico ten cents and one shilling
per yard, factory cloth eight cents to
a shilling. Groceries were about the
same as now. Farm hands were paid
ten to fourteen dollars per month, car
penter's wages was twelve shillings
per day, and common day laborers' pay
was seventy-five cents to one dollar.
We could enumerate many Other COM
parative things to prove that the times
are as good or better than they were
before the war, when all were satisfied
that the times were good
During the wal speculation run wild.
Money was plenty and everybody vas
wild with speculation and excitement;
and the country was almost ruined.
Now we are getting back on to a solid
foundation, that will produce conf
dence and prosperity to our country.
j LAVELX STOCK OPERATIONS.
The current Of recent events has Civ.
Ell great impetus to business in Wall
street, and many successful turns are
reported where immense profits are
made in short periods The most sue
cessful way that we have heard of yet
for operating in stocks is by the Com
bination Method of Messrs. Lawrence
t & Co, Bankers, New York. BY this
4 l. y