Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1880-12-02
The Rising Scale.

In the business aspe Is OF tne COUNTY,,
last week was signalized By steady yet
unusually heavy advance in the stock
market in the price of railroad securities,
especially in the stocks OF our Western
roads. The whole season has been one OF
extraordinary business activity, and
almost every department OF trade and IN
dus,ry has responded to the impulse OF
the boom which WAS inaugursted in i'm
mediate anticipation Of the resumption OF
specie payments, and which has kept the
even aud uneven tenor OF It's way ever
since Through all this time, railroad
stocks which began at mere nominal
prices, have kept ca the rise, till almost
all of the leading ones are largely above
par value, others are approaching that
point, and the question now is, when Will
this rise, unparalleled for its extent and
duration, come to an endf There mus OF
course be some limit to the upward
tendency, ana when the turning point is
reached, there VIII without doubt be re-
action more or less disastrous to the heavy
u
excellent management which has contrib
uted 80 much to the success OF these
corporations, and with the immense
and constantly increasing volume
of traffic which seeks these
avenues OF transportation, the day is yet
distant when any considerable deprecia-
ton can take place, ani not until more
roads can be built, or the carrying capaci'
,y of the existing ones can be largely In
creased, involving heavy OUTLAWS of the
current e,rnings Of the roads, Will their
exhibits be such as TO stop this upward
tendency. Their earnings show steady
net increase, and their carrying capacity
ia taxed TO its utmost limit to answer TO
the requirements of State and inter State
trade and travel. The pas. two or three
years have been productive ones, yet to
such an extent is the development OF our
natural resources taking place, that even
with less prosperous years the carrying
resources coull hardly keep pace with
the continually mere ased production. 1t
is not mere question 10 be decided by
the bulls and bears of Wall street, nor of
the operation OF long or short purchases
With continued good an economical
management, railroads must continue to
do heavy and profitable bust
ness. Every yeas, almJs. every
weeks, earnings, show large gains
over their predecessors, aad this
state Of things must continue for some
time to come. There IL rise in al kinds
OF property and real estate, which IS the
last to sympathize ia any change, is now
In full accord with the advance move
ment Money is becoming al the time
more abundant, and the rates OF interest
and exchange are lower than ever before
known in this country. Oar domestic as
well as our foreign trade is in a highly
prosperous, satisfactory and enc )uragtng
condition. Money is not only h)wing to
our shores, from the old country, but its
distribution through our own, with slight
exceptions, is such as TO ca lalize, en-
courage and advance every commercial,
manufacturing and industrial interest
To supplement and compete the tulness
Of these highly encouraging conditions,
the political struggle in which we have 80
long been absorbed, and which could
not but be TO some extent an embarras
sing and modifying element in our prog
ress, has come to most propitous ter
mination, aud for the time, the attention
of the whole country may be diverted
from that disturbing subj sct, aud conferred
upon our material and social growth and
progress. The outlook, in every aspect,
is an inspiring one, but let US not be 50
intoxicated with 1t ss TO forget that ITS
continuance depends upon right aud
sound and prudent and conservative prin-
ciples, and lot us cherish snd keep these
principles In constant and untrng exer-
else to promote snd ensure its perpetuity.
lf,r,,uNitraa bauinr fail