The Globe-republican., 1891-05-20

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TINE W00kDs0 RlNANC8o.
A comparison of the financial condi-
ton in this country with most q the
European nations win cause anyone other
than calamity howler, who walls for
revenue only, to pause moment before
be begins TRADE against the govern
ment, or fault finding with our financial
system. Reports from London show that
all European money markets are in a
very bad condition and many of the great
Banks are on the ragged edge of failure.
London and Paris have been the great
purchasers of foreign securities and are
badly loaded. Paris has been more bold
purchaser than any other and is suffering
keenly in consequence. The Barring
Bros. will have to call upon their securl-
ties for S1lO.O00,O0O which is a much
greater failure than has happened In this
country.
The outlook In this country is decidedly
more hopeful, Notwithstanding the vast
amount of gold that has been shipped
out of the country, which has decreased
the amount in the treasury, yet there is
still about 1926, 0O0, 900 in coin and un-
coined bullion in the treasury, but II or
IA million less than in March, and more
than in the treasury of any other nation.
The restless feeling among Europeans
is not without cause but there is no need
of any fear of tighter times in this
country. The South American and Eu-
ropean countries will call upon us for a
vast amount of grain as soon as harvest
begins, in fact they are now anxi0usly
waiting for American bread-stuffs which
our farms are promising to give in abun-
dance, while Europe estimates her short
age at liz, O0O, 900 bushels in wheat alone.
The money that will flow in from this
source and the s4,5OO,OOO of monthly
coinage will soon make plain-felt diff
ference in our circulation, causing bust
ness to quicken and infuse new life into
all industries. The continually brighten
ing prospects. in fact almost an assur-
ance, of the republican party continuing
in power has, and is having.a great effect
upon capitalists, encouraging them in
new investments, whereas prospective
change in the policy of the government
xuya,,11 hr~o6 a 1ool Of nnnAAnnn0 Tho
idea of government loans at per cent.
has with the sub-treasury scheme, gone
up, or faded away. 1t is not an alliance
idea now, nine out of ten members of
that party see plainly the absurdity of
these ideas that few of their leaders
have advocated. and having sound COM
mon sense ideas of their own are coming
back to their place in the ranks of their
favorite party.
Our improving shipping facilities. our
increasing commercial advantages
through reciprocal trade relations and
a more reasonable tariff has q tend
ency to increase our circulating me-
dunn.
The entire world is looking toward
America with envious eyes, and when
they read some of the calamity howlers'
speeches they wonder what Americans
have to growl about. Even when they be-
lieve the most heartrending reports of a
few of our ranters they compare their
with what they know to be the
fact in their country and wonder how
working people in America can, for a
moment, think that they are abused by
capital. The thoughts of the common
people" Of other nations are having an
effect in this country outside of the an
archy sentiment and it is causing a gen.
eral feeling that to let ''well enough"
alone Is good policy.