New-York tribune., 1895-10-20
financial.


Let put the position OF the United States into h''
shell: Southern planters have raised their own cor" a."
not in debt for farm supplies and planted the'r oo'
upon a plane Because their crop holds p"'
OF in the worlds markets. the price VIII os
them exceptional, net results. The combined crops -
wheat. and the whole country are iafte' "
than before hng the Nations barns 10 ''
flowing while pigs and beef are fatiening TOT ano'"
year The people are living at low cost and nave oe"
forced into frugal habits Depression has taught ecoho
methods to the managers OF railroads ana manu-
factories and they will do larger business al re".
vantage The country has illmitabie resource Oh SOL ~
mine and s intrinsic wealth above the soil "as never
so great, Every worthy IN the United States mas e
pioyment money OF other countries Is OUT OF EN-
ployment. Increasing confidence is coming into inc con-
troll Of mankind in the Of money. and he has I'M
measurable money use; and and more VIII ''a'
money be in combination with American labor Thus
We have most forcefu and far-rcach'hs IN
nuences which human mind conceive. They VIII 90
their from level scarcely underneath omhpoe"e
itself They Joining in more marvellous co"""
ton In our mids. than worked out Nationai oe''
bsfore and they are creating financial epoch when WI"
move expanding values In manner as iies's''" "
the turning Of the earth and Will brinS degree o'
wealth flush Of prosperity that Will send the n'"
teenth century away from the United states IN h"o
Of glory. 49,,
To turn from these imposing realities and into "aii
Street IL like falling from The shallow ma"''
fluctuations there based upon arguments wH'c" nv
positively babyish. Forsooth. the Kaflr gamblers a' ~
ing norton OF money they have made In the kD''
Monte Carlo London and. therefore. American secu'
ties should decline. Wall Street spectators and "fi
do not seem TO know that world financial INSTITUTIONS
are not involved In Kafir speculation III the'r "
panic there. will he individual and cohnhe" "
gamblers who are playing their az were on '
roofs Of the banking and have nothing 10 90 WI"
the vaul,. Speculative Wall Street Is nounderng Win
distorted vision and its haunts are the only gloomy p
in the United States. The od-time leaders WIN Jus
ment weakened month after month by UNDERMINING ' 80,
long ago became actual conditions anu ~
not know period Of prosperity when they "a" j" 10
c,nseouence they lost both and courage ana HOW
find 1t easier to sell stocks they do not own an"
them. than furnish funds and buy them' anu '"'
fore they spend their time In constant m'hoe"''' ~
downward fractions. Such and few newspaper
writer's who take from them are III pr
petually dismal shadows OF diseased imaginatohs' i'
only bright, encouraging. bulish ana ouos"'' - :,
Wall Street a this time is The Monetary irus' "" "
all the people who Wall Street for income us
customers only cheerful. All this Is serious '
b4cause II chils the growing confidence OF the pupo'
There are hundreds OF superior members II '"e
York Stock Exchange but they seem oenuihoeu anu y"
uaered They cannot recover financial grippe th'y
shov no faith in their business pursuits ana give o
-o,raron,sn 10 their customers 1t is high time tha'
men Of respectabnity means and distinction shouu e
10 the front and influence OF wall street io' "
restoration OF public confidence. 80
When we can tell beforehand which the winds VIII
blow at Christmas. then we VIII rely upon '
temporary fluctuations OF markets We can no"s'.''
raIza with comparative accuracy the structure OF the
market note the which at work In II ana 'o
outcome which WILL later. develop 'herei'on"
Perhaps II is that higher prices have not ree
rlsa othervise We would have paid London specua'"s
more for the securities they sent here They nave "
l,eved their speculative accounts and Invested 'ner '
in mining During this STEADY inpor'a'io" "
was nothing for holders to do but TO s'' GOWN
and think These quiet weeks have developed mar
veous postion silent unobtrus,e outside investors ana
The Monetary Trust have bought an exceptiohay a's
proportion all floating securities speculative i'"D
h, Of our stocks and the leading bulls Of New YORK
how. ,arte1 with their trade. Neither the gen
-,i ,,tc nor The Monetary Trust is engaged In man
ipulative movements and. therefore stagnaton Inc ou
come will be Of natural development its '"''"'o's
movements may be slow. wearsomeiy slo"' ou' ''eS VI"
terminate In a cyclone somewhat similar 10 'ha' ""'''
swept through the Cotton Exchanges In such event. Lon
ao, snecators will close their short accounts al oss
the New York bears will lose the rest OF their money o
bull leaders will be left behind whiie the s'"e'a' pun"
and The Monetary Trust VIII make money Le' ''e
church bells of New be prepared to ring very oua
80, rbank.1,vIne Dav for It will then have happened
that the efforts OF worthy outside investors have Tor once
been crowned with success.
Tn. Monetary Trust was launched into the realm OF
finance during the opening stages OF ne" h"a"0'"'
cycle In order that It might take timely advantage o'
favorable opportunities which are from time 'o "e' "
closed during the unfolding OF great prosperity us mis-
sion was and keep serious investors away i'o
the pitfalls OF Wall Street and TO avoid fpecuia'o"
whose methods long before wlthered 10 '"e ie''' "
contempt Its mission to Join such investors 'o-
,o,.o, 4, harrontous combination that each would
be more or less encouraged and protected by the coee
fo-c. Of many Il has its usefulness by
long series Of unerng and Is now ds't'ous
IN bona nde investors Preferred Stock OF the 'lee
land Ioraln and Wheeling Railroad Company iha oau
originates It's own freight coal fields and uavefses
A region largely under its own control IL JOINS '"e W
s,ors IN cleveland where capscous vharfs are con-
sany burdcned with magnetic ore the earth Is
Welding With an active industrial epoch pefore H. '"'
-, Il, worth more than those connected with II have
ve, realized 1, we may Judge by the prices at when hey
bov. nsrted with this stock II has commenced the pur-
chase OF another investment which is n'rinsicay worth
more than double present cost and Is makhs Pu.
chases OF bond which will be redeemed al ia'se p
10 customers.
The officers Of this institution realize more anu "
the delicate and impressive responsibility which rests
upon them and they already securing the nteec'u"
cooperation Of men noteworthy and distinguished
&, law finance and other departments OF Information
and investigation experts in crop conditions, IN 'he
phvsical health of railroads in their financial conduoh
and methods officers Will be constantly "atchiu' VI
managements and II occasion develops shall treat h'i
with unreienting arragnment. II is also student oi
markets In order that select advantageous uneS
OF purchase determine when market forces are III
poson to work in harmony with intrinsic merit IT does
not rely upon business from those WHO
do It will aid the Illogical Efforts Of disease"
e,crs Of finance and recommends traders 10 the Nigh
class firms connected with the New York Stock Exchahe
It's mission is confined to legitimate investors IN orue'
that they may be enabled to realize more thah r'"p'
interest upon their Its officers have cohideh'e
I'm the ability Of institution TO combine shteV VII"
large profits believe that owners OF large OF s''N
funds should place them under It's guardanshp VIII"
prornptness and
N