The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-12-29
A PROSPEROUS YEAR
will be 1891, According 10 the
Signs Of tho Times.
MOST ENCOURAGING VIEWS
For the Future Taken by Business
Men -. bright Indications, and
Yet the Mckinley Bill Is In
Forcc...A l.. W Interviews.


| Force...A l.. W Interviews.
NIw YoRE, Dec. % With the closinj
days OF the year interest in the CONNER
cial situation, not only regarding thu
immediate pas., but the future, Is seer
OH all aides. Most New Workers ar,
familiar with the bank situation ant
with the ideas OF bankers. 1t ls known
that the views Of these people are Of .ht
most encouraging character
Cornelius n. Bliss says that the re-
cent troubles in the monetary world
had been without material effect upon
the dry goods commission people
"These troubles" continued Mr.. Bliss
"came at that time when we were be-
tween seasons and most OF US were list
less and only waiting tho future. Foi
this reason more than any other the
business oi the dry goods commission
merchants was little Affected by the up.
| heaval.
Speaking OF the situation al the mo.
nent, can on y tell you that collections
all over tho country are surprisingly
good. This is especially significant, in
view OF tho recent troubles In the money
market. But one good feature must BE-
considered along with these money
troubles, and that is that they have
tended 10 make the ioLb;ng trade most
conservative in their operations"
An ENCOURAGING YEAR AHEAD.
Looking over the whole situation for
the year now before us l feel great
deal encouraged. The general condi.
ton oil the country is one Of unusual
prosperity. Merchants aa n class are
prosperous aud manufacturers are fairly
80. The profits OF merchants are not
large, but they are sure, and had it not
been for the recent unexpected liquida.
tions in England, followed by those in
America, not vestige of trouble would
have been developed among these man.
ufacturers and others. The supplies OF
goods i'll obbiug handa, as have said,
are light, and 60 are they among first
hands. l see nothing before us that
does not warrant the most encouraging
views"
John Clatlin, speaking for the great
jobbing interests in the dry goods CEN
ter, said he was glad TO tell how vastly
collections were improving all over the
country.
Francis s. Thurbtr Was ask ed 10 speak
for the wholesale grocery trade. He said:
"A icancial crisis could not have occur.
red at time when the country could
better stand it than at present, and the
way the country has stood it is the
highest compliment that could be paid
to the general soundness OF our financial
and commsicial system.
"The number OF failures has been sur.
prisln2ly lew, considering the times, and
while, il the present high rates for money
should continue it might occasion
further failures, the prospects are now
tina. money will constantly grow eaaier
and capitalists will soon be seeking safe
Investments st low rates. While the
business activities oi the country have
been checked, they have not been de-
stroyed, and with all the essential ele.
ments OF prosperity still! in existence,
there is every prospect for good year
in 1891"
BRIGHT INDICATIONS Fol: IRON.
Benjamin &. Clark, President OF the
Thomas Iron Company, tod oi the sit
ua,!ol in his branch Of the commercial
world. He said tba. the year now slip.
ping out had been more satisfactory to
most iron people. "The output has
been as large as ever" continued MIR
Clark, land it has been disposed OF at
fairly paying prices. ] have no fears
whatever about the year at hand. The
indications are OF the brightest, because
they are based on business policy
which has no imitation in i. and no un.
due expansion. l. is simply 'pay for
what you can get and order what you
can pay for.'" {.
BETTER FEELING N FINANCIAL CIRCLES.
Banker Henry Clews thus discusses
the eitustion:
The business outlook presents now q
much brighter prospect. The panic ior
this decade has evidently coule and
gone, but It will take some time to re-.
store that degree Of confidence which
will cause this fact to be universally felt
and appreciated. Our railroad 81 curl.
ties hare stood the creates, test 10 which
they have ever been subjected, and,
with few exceptions, have proved that
they are, in the main, CON posed OF gen.
uine material.
Large consultations are in progress
which IN ay help to solve the knotty
problem ei producing harmony, and
place the entire railrcal system on a
more solid basis, with the better suaran.
tee iJr more moderate fluctuations in
railroad securities. A reform Of this
kind would afford brake water against
which the raging waves oi financial!
panic might dash in vain. When our
railroads have stood the storm 60 we'll In
the recent trouble, while many OF them
are merely in half.organifed and dis
ccrdant condition, what tower OF
strength they would be il united all fJr
each and each for all in any emergency.
The new tariff bilr will have tend
eEcy to decreG:e our importc, so the. We
shall not be liapleto he called d'upon for
much gold eSportatiou. As we now
produce about $i0,000.0 900 OF gold annu-
ally and So, 600, 900 OF silver, and while
We continue to accumulate our ""i;; =, y,
the same proportion as our silver, there
need be no apprehension about silver
filling useful PLACE iu our circulating
medium"
She Took Her Choice.