The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-09-17
BETTER TIMES AHEAD.


arriving at a more practical conclusion,
than Jay Gould, Jay Cooke and C. P.
Huntington. They have seen all the
phases of Wall street life; have tested
the pulse of every condition of the
money market, and have measured the
effects of every known influence that
affects stocks and bonds, and those who
deal in them All three of them, with
singular oneness of opinion, reached
without conference or association, de-
clared last week that the financial and
commercial outlook could not be i'm
proved on. And these opinions do not
relate to the present only. Each ex
pressed the belief that the country was
certainly upon period of extraordinary
business activity and prosperity, which
would continue for a long time-years
and years, and manifest itself in all
branches and channels of trade. Of
course the growth of this influence will
be conservative and not precipitate. 1t
will not bring about ''booms'' or abnor-
NAL excitement, as the country has been
the excess and is now feeling the reac-
ton. Normal conditions-thee equilibrium
between the two extremes, the middle
ground where safety lies, is being APP
preached, and will soon be reached,
when business will rest upon a sound
basis, and values be rated by legitimate
methods and transactions. A gentleman,
who was in New York last week, and
whose business was related to the finan>
cial market, remarked to us on his re-
turn last Saturday, that there was a
splendid feeling among the business
men of that city, and every one felt that
great change was going on. that
the money market was easier, confidence
prevailing, and assurance felt h at
we were on the eve of the condition pre-
dicted by the trio of Wall street mag
mates to whom we have referred above
We are cognizant of transactions which
sustain these opinions, and which are
the pointers to a future of unusual ac-
tiyity and progress.
Why should it not be so? This coun-
try has never before had so much Gre
ated wealth as basis for business
Forest, field and mines have been con-
tributing their share to the wealth of
the Nation, at pace never before real
ICED. While Europe is calling for our
enormous surplus production of the
tarm, and taking it at fair prices, our
f,etories and workshops have largely in
ceased their output, evidencing that
Dor is being employed, and by reason
II it a home market being built up, to
Nature seems to have conspired with
:rt and invention to favor the United
,tates. Never were such crops of wheat
uad corn and cotton and fruits pro
':siced in this country, and at a time
when the products of foreign agriculture
he needs of foreign markets enlarged
#ad imperative. The increase in the
ornaments of Europe, the eager anxiety
which prevails in England and France,
Germany, Austria, Italy land Russia; the
threatening attitude of these countries;
'r aggressive and defensive purposes, as
:. means possibly to preserve peace, all
work advantage to America, as the great
Issranary of the world, and the source
whence supplies for animal life must be
drawn.
There is not condition, affecting the
civilized nations of the world that is not
favorable to the prosperity of this coun-
try. There is no probable contingency
that can avert it. 1t must come in the
order of demand and supply, and for all
the demands which may be made we,
fortunately, have the supply.
We have not only cause for congratu-
lation, but for enthusiasm, over the
prospects, and the assurances upon
which the prospects are based. In local
tiles which have SO much natural
wealth as nature holds in this district
for the appliances of man, and whose
conditions, natural and created, are so
propltious for growth and prosperity, we
should address ourselves to the opportu-
nifty, and avail of the surroundings, to
press forward and reap the results which
must follow we'll directed effort. With
the money market of the east easy and
confidence restored, we may reasonably
expect a liberal share OF surplus capital
to seek location in our minerals, and the
kindred enterprises which follow mineral
developments. Our people should not
give way to depression. In dull times,
which always and legitimately follow
undue excitement and excessive prices,
the well balanced mind will not give way
to depressing influences. 1t is the period
to show pluck, self-confidence and a
proper appreciation of natural condi-
tiOns. There is no locality in the whole
South where there is so much to invite
capital and enterprise, and the way to
invite it, is to show confidence ourselves,
and appropriate our energies and
means, however limited, to the improve
ment of the natural conditions which
surround.
The Virginia Manufacturer, published
at Buchanan, Va, has suspended for the
present. We regret this, as it was a most
valuable publication. and was doing a
good service for the State, and especially
that part of it where it was. published
The Buchanan Standard, under the
same editorial management, will be con-
tinued and take the place, as far as it
can, of the Manufacturer. Our VIRGINIA
people, especially in the new towns, do
not appreciate the services and influence
of a live newspaper devoted to the in
terests and the development of the res
sources of the Commonwealth The
Manufacturer ought to have been sup
ported and its publication kept up. 1t
was worthy of support:
The Petersburg Iaader Appeal, is en-
tirely too late in advising a thorough Or
ganization for the Fall campaign of the
Democratic party. The Alliance has the
bulge just now, and will keep it until
after November, at least. The Demo