The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-11-12
The Business Situation.

Iler6 mas Doon WlIIllIl Gu0 JttSC tWo
months if anything more stringent
condition of the money market than
there was year ago, when panic was
threatened by the bulls and bears of
Wall street, making the pinch of Bar
ing Brothers, the London bankers, the
pretext. We can assign no other cause
for it than this elections that were pend>
ing. The result is now known. and ey-
cry one who cares to think moment,
will see that there is no danger Of any
legislation for two years yet, that would
seriously affect the currency or the reve-
nue. system,
The tariff will not be repealed, and if
modified, it will only be in such respects
IS exposed defects not contempla-
ted and to correct irregularities not re-
vealed at the time of the passage of the
tariff law. The fundamental idea of
the law-protection to home industries
will remain in tact as long as Harrison
is President, That much may be con-
sidered settled. There will not be either
any legislation affecting the currency in
the direction of debased dollar. Even
should bill pass both branches sof Con
gress to make a fraudulent dollar of Is
or 80 cents pass for 100 cents, it will get
no further. The President will veto it.
THAI must be regarded as settled. With
these two questions placed in the rela-
ton to the government as we have sta
ted, the natural inference would be, that
the basis upon which the business of the
country is now and has been conducted
will not be radically changed. and that
safe calculation can be made as to in
vestments and the active use of money.
This, to our mind, ought to operate to
loosen the market, induce capital to go
more freely into the channels of trade
and enterprise, and in a general way in
spire confidence and invite activity in
monetary relations. With gold coming
in and an immense crop going out to
supply the deficit in the European pro-
ducts, money must be more abundant
than ever before, and trade and enterprise
more active Within the last few
months 1924, 100000 in gold has been inn
ported from Europe, and $4,000, 900 worth
of produce exported every week for two
months past The railroads and canals
pacity to remove the crops from the
West to the seaboard, and this condition
is likely to continue until spring.
Wecapclude from these facts that there
must, in the nature of things, be a re-
vival in business; confidence must soon
be fully restored, and money more freely
circulate. In mining and manufacture
ing lines the South, and Virginia espe>
cially, offers inducements for the safe
and profitable use of capital that can be
return double it's value within five
years, if pot in a shorter time, and to
an almost unlimited volume. With such
conditions prevailing. Invested of all
boom and abnormal speculative values,
we can but believe that in the spring, at
least, there will be wonderful activity
all along the industrial lines, and that
we may safely expect much improved
condition of trade and finance.
Carl Cummings. heretofore an orderly
man, living near Lexington, Va, roasted
his child alive several weeks ago, while
under the influence of liquor. He placed
the babe on the stove in the presence of
it's mother, and told her he would kill
her if she touched it.
Anthracite coal has been recently dis
covered in Black Creek township, LII
cerne county, Pa. Farms that were
held at $4,000, now bring $4,000. One
farm sold last week for $4,000.
Cleveland apd Boise, as the Demo-
cratic ticket for 1892, is commanding a
great deal of favorable mention.