Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-07-27
OPINIONS OF FINANCE.
Business Men with Varying opinionsas to
the Canses of the Scarcity of Money.


ST. LOUIS, July 2l.--A daily paper
which has already made itself repu-
tation for The Wholesale interviewing
turned loose corps of reporters the
other day with view to getting the
opinions of the business ,uen of st.
Louis as 10 the cause of the financial
depression. In only one detail was
there much unanimity of opinion.
Most of these interviewed said that
there was very much less stringency
than generally reported and that there
was no falling off in their business
returns at all commensurate with the
pessimistic utterances of public men.
Several representative business houses
reported a slight increase in receipts
for June. over June of 1899, and very
few spoke of any falling off. 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 gentle
men interviewed quite a majority ridl-
culed free silver as panacea for tiuan-
cial ills.
Right on the heels of these sanguine
expressions comes the report of the re-
corder of deeds showing an increase of
over $50, 900 in the consideration money
in real estate deals recorded last week
as compared with the second or indeed
any week in July of 1892. The figures
are quite 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 If
financial experts are correct in their
summaries of the situation generally.
There was great sensation on Sat
urday when it was reported that the
secretary of five large building asso-
citations and real estate operator on
large scale had been detected in EN-
bezzlement if not forgery, and that he
had skipped the town. The latter por-
ton of the report was premature, as
he spent the following day at 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 it has
transpircd that he has been borrowing
money for some time at a high
rate of interest from the same shylock
whose exorbitant rates of inter
est expedited the ruin and suicide of
the late assistant city treasurer. The
scandal in question has done good
rather than otherwise. for it has led
10 Ii series of Inquiries being made
which has resulted III proving the
soliduy and strength of HE numerous
building as ociations of the city.
The street car returns for the second
quarter of 1893 show the great popu-
larity OF electric roads. The total
number of passengers carried in the
city during the three months was 20,
1867 with receipts in excess of
100000. The quarterly totals are
increasing an d and are now almost
as large as were the annual returns in
the old days OF horse cars. The Mis-
souri, or Olive street road carried more
than 100000 passengers, and every
road with down town terminus 'rr-
ried more than a million.
, 1t is announced semi-officially that
the new Mon depot will be finally
finished this coming winter. About
400 men are now working on the struct-
ure which appears t. be nearly com
pleted. The bulk of the work now to
be done is in the approaches and the
track and witch laying. together
with inside finishing of the depot
buildings proper. Work on the roof
of the sheds with Their enormous span
is very difficult in the hot sun, but
fortunately great pr gress was made
on this during the spring and the i'm
mense area and even acreage Of glass
is well nigh conn pfH