The farmers' union. (Memphis, Mo.) 1891-1895, 1891-06-04
NUMBER Is
THE BUSINESS WORLD.
THE GENERAL OUTLOOK Ex-
| CEPTIONALLY BRIGHT.
Prosperous Condition of Financial Affairs
in America-Labor Disturbances 1nsiE-
nificant Good Reports of Grain Crops
from the Principal A agricultural Sections.

Prosperous Condition of Financial Affairs
in America-Labor Disturbances 1nsis-
nificant Good Reports of Grain Crops
from the Principal Agricultural Sections.
From one end of the country to the
other business is seasonably active. and
the general outlook is exceptionally
bright. The month of May is always
richer in prospects than in results, how
ever, and this year it has not violated
the time -honored rule, says the Inter
Ocean.
In negative way good deal of
ground has been gained. The usual
labor disturbances have proven remark
ably insignificant outside the iron
regions of Pennsylvania. and even there
q final settlement has happily been
reached. The enemies of the grain
crops have not carried on their ordinary
work Of devastation in the principal
agricultural sections, and the European
consuming markets have not spent
very great amount of money or energy
in depressing the prices for our prod
uce.
Then. again, the United States has sent
nearly $50, 900, ,0O0 in gold To Great Brit
ain and Europe during the past month
without causing the slightest Semhlance
| Of financial distress in this country.
When resumption occurred the Treasury
held S1l4,00O, 900 in GOLD. besides that
held for certificates outstanding, and
| that was all the gold apparent in the
| country; now there is about S2l4, coo. 600
| in the Treasury, and about $780, 900
| in circulation in the country, or was May
/. Russias seemingly Unsuitable de-
mands for the yellow metal are yet quite
| ineXplicablc TO financiers on this side of
| the Atlantic. and no satisfactory excuse
I for their continuance has been made by
| foreign bankers. This enormous gold ex-
| port from New York has had strongly
| conservative influence upon both the
| speculative and legitimate interests, and
served to keep losnable funds fairly
| well employed at profitable rates of in
| tereSt.
But the chief end Of this peculiar con-
| dition of financial affairs will be one of
| great profit to America. 1t will demon
| strate to the world at large that the
| United States Is a nation of immense
| monetary resources. as well As a land of
| unparalleled powers of production. The
| apparent ease with whi h our markets
| have absorbed the tens of millions of
| American securities that foreign holders
| have returned US since last autumn has
| given them higher place in the estima-
| ton Of investors abroad than whole de-
| cades of wise and honest administration
| and any amount of handsome interest
| bearing operations would do.
Last November the great Bank of
| England was forced to call upon the
| leading financial institution of the most
| prominent republic of Europe to re-
| lieve its pecuniary distresses and in
order to avert a worldwide panic For
more than a month now the proud old
monarchies of Great Britain and Europe
have sought monetary aid and support
| from the most prosperous republic of the
"New World" There are in these two
statements decidedly significant sug-
gestion to the subjects of kings and
| princes, and one not unworthy of con-
sideration by some of our own dissatis-
fed people.