Blackfoot news. (Blackfoot, Idaho) 1891-1902, 1893-09-09
OPINIONS OF FINANCE
Business Men with Varying Opinions a. to
the Causes OF tine Scarcity Of Money.

Business Men WIN fAf5iAs oP'A'''"s - 70
the Causes OF tine scarcity Of Money.
ST.. LOUIS, July 2l.--A daily .spef
which has already made Itself q rePn-
tation for the Wholesale interviewing
turned loose a corps Of report, r. the
other day with a view 70 getting The
opinions Of the business men OF ~.
Louis as 10 the cause Of the financial
depression. In only one detail was
there much ubaEimity OF opinion.
Most OF the Sc interviewed said that
there was very much less siringency
than generally reported and that here
was NO falling on in their business
returns At ali commensurate with the
pessimistic utteranees OF public men.
Several representative business houses
reported a slight increase in receipts
for June. over June Of 1892, and very
few spoke OF any falling on. The
general opinion was that the worst
had been seen and that money would
soon become plentiful 10 the market.
The views ON the silver question are
very diverse, although OF the gentle
men interviewed quite q majority ridi-
culed free silver as panacea for imam
cial Ills
Right on the heels OF these sRnguine
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, tut afford much
Qualification Ia real estate circles.
Work on the large buildings in the
city continues rapidly and neither the
building nor the real estate interests
la.4WaasaI EhnnlM Ia -
financial experts arc correct n their
summaries OF the situation generally.
There was great sensation on SAT-
urday when IL was reported that the
secretary of Eve large building assO-
Citations and a real estate operator on
a large scale had been detected In em-
bezzlemcnt II not forgery, and that he
had skipped the town. The latter pOr-
ton Of the report was premature, as
he spent the following day az his own
home. What the final outcome Will
be Of the numerous Investigations now
being had into his accounts and bust
ness methods IA not known, but IL has
traUspired that he has been borrowing
money for some time ~ high
rate OF interest from the same shyloek
whose rxorbliant rates Of inter
est expedited the ruin and suicide 81
the late assistant city treasurer. The
scandal in question has done good
rather than otherwise, for IL has led
20 series Of inquiries being made
which has resulted ia proving tns
holiauy aud atrrugtn of he numerous
building associations Of the city.
The street car returns for the second
quarter of 1898 show the great popu.
larity OF electric roads The total
number OF passengers carried ia tho
city during the three months was 90
lsB,7t with receipts la exc eba Of
si,OoO,rOl The quarterly totals are
increasing fap.d y and are now almost
rs large as were the annual returns Ia
the old days % horse ears The Mis-
sogr or Olive street road carried more
than t.Hoo, OOl passengers. and every
road with down town terminus car.
ried more than d million.
II IS announced sculi.Ohtciaily that
the new Union depot will bc finally
finished this coming winter. About
sou men are now working on the struct-
urc which appears e. 10 nearly COM
pictcd. The bulk OF the work now 20
be done Is in the approaches aud tho
track and switch laying, together
with inside finishing 81 the depot
buildings proper. work on the roof
Of the sheds with Their enormous span
IS worry difficult ia the hot sun. but
fortunately great pr gress was made
on this during the spring and the inn
mense area and even acreage Of glass
IS well nigh complete.