Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1895-07-11

| pSIlty WOu1Q soon De at hand.
Hence it is that the iron industry
shows the greatest revival of
activities. It is not that there is
an actual greater demand for
railroad facilities, but the GER
tainty that there will be in the
near future warrants the pre-
| paration for it.
I'm proof that this revival is
not the result of increased home
consumption but of anticipation
OF future prosperity much of it is
being carried on by borrowing
money from abroad through the
sale of American securities. And
possibility of selling American
securities is again the result not
of the business now being done,
but OF the certainty of returning
prosperity.
"The rise of wages is a neces-
sary part of this returning con-
fidence and preparation for bust
ness revival, but you will observe
that through the increase of
wages is somewhat general, the
amount of the increase is very
slight. In most cases 5 and
only in a very few 10 per cent,
whereas the reductions were Is,
25, and not infrequently Is per
cent. The further evidence that
this is purely industrial and not
financial is seen in the fact that
the threatened free coinage
movement exercises no practical
influence in checking the revival
any more than the repeal of the
Sherman act checked the depres-
sion.
1.-The depression has lasted
long enough to use up the entire
stocks in hand i'll nearly all lines
of industry, and throw capital
out Of use. so that all that was
necessary to move the wheels of
industry along the lines prepar-
atory to an actual increase of
production was the restoration
of confidence and the knowledge
that havoc-creating legislation
was at an end. This the election
of 1894 assured not only to
America, but to all mankind. Of
course, multitudes of other in
fuences are contributing now TO
the revival as they did to the
panic, but the main and govern
ing influence is the change of ad-
ministration, and the assurance
that business disturbing legis-
lation is at an end"
John H. Inman has spoken
most favorable of the outlook in
the South, where, he said, all
branches of business had a heal
thier look than for many long
year.
Coils P. Huntington is another
man who has not been afraid to
go on record as a believer in im>
mediate prosperity, and the
absolute death of the depression
Of the last few years.
The views of J. Pierpont Nor
gan, who recently returned from
a European trip, are pretty we'll
known in business circles
throughout the land. Mr.. Morgan
never says anything for publica-
ton unless he is absolutely GERS
tain of his fact, and when he said
the nation was on the eye of
good times, it did more TO solidity
Wall street matters than any
thing that has happened in
years,
H,O. Armor, another practical
bushes man has predicted a near
change in the commercial affairs
of the nation, Likewise
Chauncey M. Depew, who is in a
position to know whereof he
speaks.
DIPLOMATIC Mr.. coUDERT.
Hon. Frederic R. Coudert,
who represents many foreign
syndicates, notably the French
government in An erican matters,
wrote as follows;
Il proceed to answer your
questions. but without the slight
est claim that my opinion upon
the subject named by you can be
of any value whatever to the
public. Still, such as they are
you are welcome to them.
LAS to the prospects of better
times. Of course, the prospect
is there. and the whole country
is beginning to feel the benefit
and exhilaration that grow out
OF general hopefulness. We
have emerged, apparently, from
the slough of despond, and are
looking at the future with an
optimistic eye. This only proves
that a great country like ours
cannot be kept down for an in.
definite period, but will reassert
herself and will administer in
one season the needed tonics to
it's own body. But it is only
just and prudent to add that we
have not yet laid any deep foun-
dalton for Improvement in bust
ness. We want good crops in
the South and in the West, and
we want them gathered into our
barns. So far, they exist only
in faith, bat alas Faith is the
evidence of things unseen, and
those you cannot sell to foreign
markets. Still, the wheat crop
ought to be fairly secure, pro-
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