The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-13
ENGLAND HAS A PLENTY.
Col. Gordon Catches a Glimpse of
Rusiness There.

Col. W. w Gordon has ret urned to Sa-
vaInah after flying trip TO Liverpool.
Col Gordon spent about a week in Eng
land. He says the financial situation is
just the opposite there from what it is
in this country. The business men have
all the money they want, in fact more
than many of them can use. The trade
with China and India has improved
greatly since the closing Of the Indian
minis to silver, and the prospective re-
peal of the silver-purchase act by the
United States congress.
1t is not so much the demonetiZing of sill
yer that the English merchants desire, Col.
Gordon said, as it is to have silver placed
upon some fixed basis that will put
stop TO its continual fluctua tions 1t
makes little difference to them whether
silver is rated at Is to l or 30 to /, if its
ratio can only be maintained.
HOME RULE WILL PREVAIL.
Colonel Gordon thinks that Mr.. Glad
stone will succeed, in time in passing his
Irish home rule bill, in spite of the House
of Lords. The Liberal party, of which
Mr.. Gladstone is the leader, is undoubt-
eddy in the majority in England,
he thinks, and the mass of the Liberal
party is either in favor of the bill or in
different to it. The only opponents of
the bill are the wealthy land owners and
the nobility who oppose it because Of its
infringements upon the privileges of
their class in Ireland and because they
fear legislation of a similar effect in Eng
land. The strength of the bill, Col Cor
don thinks, is in the belief among the
masses in England that its passage will
have the effect Of bringing about some
legislation of a similar character desired
by them in England. If Gladstone lives
Col. Gordon says, ireland will have home
rule.
THE SITUATION IN NEW YORK.
The business men of New York were as
blue as indigo when Col. Gordon sailed
for Liverpool. He found t hem in a much
more cheerful frame of mind on his re-
turn, and all predicting good times this
fall. The good times have not come yet,
however, but money is a great deal easier
than it was, and the situation appear to
be gradually easing up. a great deal Of
the financial trouble is attributed there
to speculation, and the effect has been to
cause horror Of speculative movements
for the time being. Nothing will send a
New York business man into a rage
quicker than to speak to him of a specu-
lative project
Col Gordon says the cotton crop is esti-
mated in New York at between Z 900, eco
and I, 500, 600 bales. While the price is
not expected to reach 10 cents or any
thing like it, it is believed that the de-
mand will be good, and that prices will
be maintained ate about the present
figures.
The mills are believed to have generally
exhausted their stocks, and will be com
PEELED to buy. Many mills which have
been shut down are starting up
again The mill men win have
to buy from hand to mouth for some time,
however, as they have not the money.
with which to lay in large stocks. The ire
mendous crop Of 1891 left a large surplus
to be carried over to the next season,
which compelled the small crop of 1892 to
be sold at low prices.
This surplus does not exist this year,
and, consequently, it is thought that fair
prices will be realized
The most hopeful feature of the situa-
ton, so far as Savannah's territory is
concerned, Col Gordon thinks, is that
this years crop has been made with
very small expenditure by the farmers,
and even with the present prices it win
net them more than any crop for the last
several years.