The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-08-23
EVIDENCES OF PROSPERITY.

1t has rarely happened in the history of the
United States that its several Industries have
been so fully or remuneratively employed as
At the present time. This fact must be &C.
ceptrd As conclusive evidence of the perman-
ent character of the general prosperity exist
ing throughout the country. The Superin.
tendent Of the Bank Department, in his re-
cent report, states that during the first halt
Of this year the deposits in the savings banks
of New York City exceed those of the cor
responding period Of last year by $4,000,
OOO, and that All equal increase Is cred ted to
the other savings bank in that State. Tn, Sc
are speaking evidences which prove that arti-
sans, mechanics and unskilled laborers are
earning good wages, a d are able to lay up
something against a less active period, should
it ever come. What may be said of New
York may be said Of every other section of
the Union. notwithstanding the immense
Immigration from Europe within the past
twelve months, the AGRICULTURAL, mining,
manufacturing, commercial and railroad
building enterprises Of the day have absorbed
all the available laborers without satisfying
the demand for them. The cry is for more.
Capital IS lying idle in the absence Of muscle
to materialize it into mills, factories, ships
and railroads, and yet at no time since '73
have these coiners of large interest upon
money invested been pushed to the extent
they are at present. We see in these facts
ppSitiyp p,opf pf tho ,notor;al nroo,a,;,u -
the country. Still there are those, pessi,nists
by nature, who constantly invite the atten-
ton OF the people to their evil ~prophesyings
of a fearful financial crash, which, they aver,
will occu. in the l!ear future. In the face OF
The facts we have mentioned, it ia diff cultt to
see the grounds upon which these chronic
croakers predicate thei" assertions.
1t is true that evidences Of present prosper
iy are not alw avs evidences otcontinued pros
perlty. For instance If in the building OF all
The great enterprises Of the day, foreign capt.
tai, borrowed at Iuinous rates of interest, was
employed there would be grounds of misgiv-
Ing for the result. In that case the evidence
OF prosperity would not be real. But fortu-
nateIy for the country the balance of trade
Tor the past few Yeas with foreign countries
States that about all the money needed to
complete the great works in progress has been
obtained here. But comparatively little of it
was drawn from trans. Atlantic bailks. Again
the opening up Of vast tracts of fertile agr!-
cultural lands in the west is not only giving
remlnerative employment to scores of thous-
ands OF our people but is adding taxable
wealth to the country and creating a market
for much of its products. The west can furIl-
ISL food for the east and the asst in turn can
In this mutual action aid reaction or recipro-
city of trade each section i. benefited and
no insignificant amount OF capital is thus har-
bored in the country. While this condition
OF things lasts, while American capital is ell
gagged III American enterprises, while mon
ey is so cheap that it will seek investment in
81 per cent. bombs, while the great west has
for many millions OF people, VIII lie the
mines of the country are sending Their un-
told millions to the money markets of the
east, while the country is at peace with the
and no home broils interfere with its
legitimate pursuits, We may look in VAIN tor
financial crashes. The prosperity of the coun-
try is the effect of a healthy cause and though
croakers may presage the appearance of a dis
turbiDg element the indust ries of the coun-
try are placed upon too sure a footing to b.
by eitl.er its substance or its shadow.