The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-11-27
GOOD TIMES
Renewal of Prosperity for the Farmer"

- s---
| GOOD TIMES
Renewal Of Prosperity for the Farmers
tTlic Iron Age.
In brief period, covering thc time in
tcrvcring between the planting and The
harvest, surprising change came over
the agricultural outlook not only OF the
| United States, but Of two hemiaphcreS
| and monetary affairs, considered collect
lively and in 'hcir widest scope, appeared
in different phase. The transition WAS
sudden. Europe and America seemed to
have been thrown out Of equilibrium, aS
riculturalIy speaking, the one being i'm
poyerslicd ard the other enriched. 50 that
IL read ustmcnt became necessary. This
process is now taking place as rapidly a.
grain laden steamers can sail, gold being
RENTED IN exchange to rectify the bal
ance Of trade TO the Uuitcd States the
subtle revelation thus brought almost
through propiltous climate WAS an un-
apoakablc boon, for while the direct, pos
Tive and papahle benefits were manifest
in the lavish abundance of products that
Uycrspread The fields, the strange coincl-
dencc was presented of a market simult"-
neousIy opened in Europe On Il scale COM
mensurate with the enormous supplies. l.
Europe looked TO the New World rs a d.
livercr, il like manner the farmcr, gruan-
inY under mortgage Indebtedness, haiicn
he day when he could release bimSe'
from the grasp OF Eastern capitalists to
whom he WAS bound.
1t is only now, since the publication o;
oilicial documents, that some approximate
estimate eun he formed OF the amount oi
agricultural wealth represented Ivy ll
recent harvcstS. Secretary RuSli Of The
A yricuitural Department, in his annual
.e1ort, taking as Il bnsiS Of calculation iii'
,iiicial st ,tisticS, places HE estimated ra'.
ne al luln products of Tie unilcd State
for the year 1891 at $500, 600, 0U0 incxec->
ii the aggregate ot the previous year, an
accretion OF agricultural wealth he,Unu
ordinary conception. Accepting the IA
miiiar apnthegm dat agriculture cons'i-
tutcI the foundation OF national pr0sPerl-
tv. C ~ idercd in an economic sense, there
- 80 room 10 doubt tina! The finances al
the United States rest on Il suhstantla
basis. The Secretary points to the faci
tina, during the first three months Of the,
preSen, fiscal ycnrour exportsi in ccrealS
alone have aggregated T76Go0,0O0, anu
tile outcome is sure largely to Snrpas> 'ha'
nfany previous year. The demand att
present time is checked only w. the scar
city of vessels, which are engaged for
months ahead AT all the principal ports
Advanced rates OF freight oprratc rs 1t re
;atd,n.e ini!u nee hu, Til. d 'iirntl-
work i, ow :urei' tt Ct ng Gun
employed tonnage from all /" IL t.
world. One eicc, Of the temporary check
il reduced supply of commercial bills,
giving more iirlnncss tG the rates OF OK
Sumo disappointment Is eS
pressed tina; the purchase OF manufacture
cd goods by the farmers and southern
planters is not on y more liberal scale,
DQI I( Is Tc!ItdTRIu WI wv O'HSi i!'''" w.
!. heathlul indication that large amounts
0 money are being applied in lifting of
farm mortgages.
Among new factors in the situation
that will soon gain prominence is the enor-
nous volume Of corn and cotton to be
forwarded for export. The latter is al
ready being marketed with much haste
andall signs point TO a crop. much larger
than recent estimates. According to"
western advices the shortage Of cars to
move the grain is becoming moro. pro-
nounced every day and the railroads arc
choked with freight that they can not ship.
I e Clicno Eu lngton and Quincy has
eiycn notice that i, can take no more grain
billed To Chicago, AS there is now over
ten miles ofloadcd grain ears on its tracks.
Other roads arc similarly embarrassed,
though less in degree.
With such prospects for active railroad
transportation all through the winter
months as the foregoing survey would
poin, out 70 he inevitable, orders for new
rails and equipments will naturally fol-
low. uu ckeulng III iron industry in all
It's departments. The improved invest
mept demand Tor railroad bonds lisa hope
.ul auyury and the Developments of the re-
sources of the country is hound TO go on.