Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-01-12

During the past season tho general
feeling In business was one Of uncor.
talnty and iudocislon, and many deal
ora became 10 conservative a. really 10
be- an obstruction, Tor they established
10 the minds Of their patrons the same
feelings, and thereby much trade that
could have been done safely WIS all.
lowed to pass by, aud today II IL real.
ICED that very lew have doue Ne we'll 10
they might have done, had they known
Dr iofcseen that things would have
turned ouy ne we'll ne they have.
Encouraging as :his may be-, on re-
lection It IL pleasant to know that n
more buoyant, hopeful feeling prevails
throughout the commercial world 90.
day, spite Of the omnipFosent diasatis.
faction on lhe money or currency
question, and the diversity o! opinion
In regard TO gold, silver or paper a. the
circulating medium VI the oountry.
That this subject IL not full y
understood appears clear to au
observer, and that many theories
are purely Individual or local Il
beyond question, aud that bonds
and securities OF one kind and another
are being returned from abroad IL ~.
tablished by the continuous drain Of
gold. The banks VI thu great conlefs
meanwhile are accommodating the
precious metal beyond all precedent
"Ihe plethora OF funds aud the pressure
to obtain employment 10, the enor.
NOUS accumulation In the hands of
capitalists aud mo Ieyod o0rpOalionsn
Ueing oolnoldeut with tho depletion OF
the treasury reserve, the Increase Of the
national debt and the not Improbable
Issue VI bonds-mora bouii
The latter question II one which 10
creating discussion In the ranks OF the
more thoughtful OF tho middle trade
class anu VI the better Informed OF the
labor class, and the question Is reIu
nuntly asked anu pressed, "if Iho gov.
ornmen. or nation las It ~ can issue
rs promises to pay, Ia denominations
Of one thousand or ten, 10 the extent Of
one hundred millions In year Of
peace,on a determined interest, cannot
the same power issue the same amount
Ia one or ten dollar promises 10 pay
tghh0ut WiGrsit, as matter OF ecOnO-
my ?"
Would not all those employed Of the
people from the President to tho sen.
Alor, or from the treasury clerk to the
soldier or pensloner be- Just az well
BAtlHlUl anu COuyonienced N paid In
clean, crisp no,os, a. they iars with
gold, providing That such issue Jos
now was acceptable Tor the payments
Of all Gebts, "uuulic or priyaIe7" Ana
could not this issue be- carried safely 10
or beyond the point per capita known
90 some nations, when the immenss
magnitude Of this country Is consid.
cred, AMI the time It takes 10 scatter
generally any money atal2
That inability TO buy Is at tho
foundation of restricted trade seems
reasonable, the decrease being esti-
mated at from twenty TO twenty-five
per ceut, although 1894 was much bet
lcr than tue previous year. anu yet the
assumed c0st VI living in 1894 was ten
.or cent lgls than In 1898, many goods
indeed being sold upon margin 90
close that profile On the whole wers
unsatisfactory.
Part Of the general loss Of trade
mad considerable Of local char.
aoJeL though tho effects were iar.Tsaoh.
lug, Il has been estimated that the
great railway strike OF last summer
involved a loss OF over eighty million
dollars, and Of this some fifty million,
was In wages lost 10 woTkingmen--a
loss which had It's influence on dealsrs
Of every grade.
raTn changes also sxeTtod an inGu.
ence over tTade In some lines AT least,