The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-07-28
OPINIONS or FINANCE.
fitsincss Man with Varying Opinions ~ 10
tho Causes uf the Scarcity of Money.

ST. LOUIS, July Ala daily paper
which has already made itself rspa-
tation for the wholesale interviewing
turned loose corps of reporters the
other day with view 10 getting the
opinions of the busir.ssn men Of St.
Louis us to the cuuso OF tho financial
depression. In only one detail was
there much unnnimity of opinion.
Most Of these interviewed said that
there was very much less stringency
than generally reported and that there
was no falling OF In their business
returns Mt ull Commensurate with the
pcssimistic uttcrances Of public men.
Several representative business houses
reported n slight increase in receipts
for June. over June OF 1892, and very
few spoke OF any falling of. The
general opinion was that the worst
had been seen and that money would
soon become plentiful In the market.
The views on the silver question are
very diverse, although OF the gen tie
men interviewed quite majority ridi-
culed free silver as a panacea for finnn-
cial ills.
Right ON the heels OF these sanguine
expressions comes the report Of the RS
corder Of deeds showing an increase OF
over $50, 900 In the consideration money
In real estate deals recorded last week
rs compared with the second or indeed
any week in July Of 1899. The figures
are quite n surprise, but afford much
qualification in real estate circles.
Work on the large buildings in the
city continues rapidly and neither the
building nor the real estate interests
are depressed, as they should be II
financial experts are correct in their
summaries of the situation generally.
There was great sensation on Sat
urday when IL was reported that the
secretary of five large building nsso-
Citations and real estate operator on
large scale had been detected in EN-
bczzlemcnt II not forgery, and that he
had Skipped the town. The latter por-
tion Of the report was premature, MS
he spent the following day ut his own
home. What the final outcome will
be OF the numerous investigations now
being had into his accounts and bust
ness methods is not known. but II has
transpired that he has been borrowing
money for some time Mt n high
rate OF interest from the same shyloc!'
whose exorbitnnt rates of Inter.
est expedited the ruin and suicide oil
the lnte assistant city treasurer. The
scandal In question has done good
rather than othrrwisr. ior II hrs led
TO- series OF inquiries being mad
which has resulted In proving the
solidiiy and strength OF The numerous
building u.s. ocintions OF the city.
The street ear returns for the second
quarter OF 1893 show the great popu.
larity OF electric ronds The total
number of passengers carried In tho
city during the three months was 90,
isd, 7Is, with receipts In excess OF
81 ,000,00o. The quarterly totals are
increasing rap d.y and are now almost
Ms large as were the annual returns In
the old days of horse cars The Mis-
souri, or Olive street road carried more
than 1000, 600 passengers, and every
road with n down town terminus ear
ricd more than million.
\ II IN announced semi-oilicinlly TINT
the new Union depot will be finally
finished this coming winter. About
400 men are now working ON the struct
ure which appears 70 be nearly com
pleted. The bulk Of the work now "a
be done is In the approaches and the
track and switch laying, together
with inside finishing Of tho depot
buildings proper. Work on the rooi
of the sheds with their enormous spar
Is very difficult IN the hot sun. but
fortunately great progress was mad,
on this during the spring and the I'm
mcnsc area and even acreage of glnk,
IL well nigh complete.