Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1891-06-09
LOOKING BETTER

At last throughout the country |
signs have come, after long months
Of anxiety and depression, that por-
tend a genuine and general revival of |
business and long period of financial
prosperity for all occupations and
every class OF Industries. The first
great cause OF the bresk in the depres-
sion through which we have been
passing for two or three years is the
fact that the last congress appro-
priated 81 ,0O0, 100000 which must go
into circulation within one year from
June 30. 1t is true that outside OF
money held in the treasury and which
cannot now be touched by appropria-
lions there is not In circulation over
400, 200 900, and it will be necessary
that a part Of this money in actual
circulation must be used more than
one time, but the very large appro-
priations will necessarily force the
next congress to utilize part OF the
500, 900 OF money now idle in the
treasury. The money gamblers see
clearly that the volume Of money in
circulation will be increased by the
effect OF these large appropriations
and therefore are preparing to go with
the tide. The Wall street banker ano
financial writer, Henry Clews, in one
OF his latest circulars says:
During the past week, Wall street ha,
sprung into new life and activity. The
beginning OF April has been expected u
bring an Improvement In the stock mar
ket, but the degree OF recovery has ex
ceeded anticipations. The volume o.
transactions has more than doubled, anC
prices have advanced almost through the
entire list; but the best symptom con-
nected with the revival Is that IL has not
come so much from mere room" infiu-
ences as from an important accession e
outside buying orders. The stimulus Is
not OF the artificial kind that is some
times manufactured by professional trad
ers or capitalists associated with large
corporations; II Is mainly due to a stimuli
taneous and natural demand coming from
the public at large. and alike for transfer
aud permanet Investment
This is one OF those mixed evils tina
frequently come from Wall street al
both curse and a blessing to tn,
whole country. 1t is curse in tina
it is a revival of speculations based OF
debt, and will cause millions Of none.
which has been lying idle to again q
actively into Wall street gambling II
securities, whereas, IL the business o
the country was conducted on casl
basis that money would now go int
the industries, trade and commerce
The speculations In Wall street are
double curse because Of their intu
ence In causing fluctuations in legiti
mate branches Of business and 4
drawing money and business me
from the active, beneficial and Pre-
ductive occupations.
But good sometimes comes Of evi
by the revival OF an evil influence
The revival In Wall street specula
tions will revive confidence in trade
commerce and the industries, and tn
money that has been hid away an
idle, and which never goes into Wal
street. will come out and become &C
tive in legitimate business. In fur
Their discussing this question Henri
Clews tacitly admits that the who'll
cause OF our financial troubles lies II
our financial system, and that W
have a dangerous code Of corporate
monopoly laws which enables corpora
tions to issue that which to them |
the same as money, and by the reck
less use OF the privileges thus be