New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-15
financial.
THE MONETARY TRUST,
80 BROADWAY. NETWORK

The line u prophets became extinct centuries ago me
Monetary rests It's movements upon pfea'
regard to temporary markets. 1t rests AVA,
altogether upon natural Developments IL un.''
takes TO analyze existing financial conditions with pains
taking consideration and comparative accuracy unde
takes 70 general tendency which tuness NJ"
forces into pay) viii naturally devsiop toh S"0
conditions, There Is no other way TO make money III
Wall Street No process Of reasoning will reach tempo
rpry fluctuations They largely created by men VINO
make market manipulation profession The victims are
rely upon superficial fluctuations pu''ns inc
pas week the country has object lesson ~ men
influential In international finance desire to purchase new
bonds II professional operators have worked In harmony
with their wishes; has been desired to pat pres
sure on the American people through the medium OF the
markets then this countercurrent move OF the market
has an explanation. but not a Justification
The Monetary Trus, has frequently warned the Ameri-
can public that Indications large exports Of gold
lrsbling policy Of the bond syndicate IN re-
plenshng the treasury has not Indicated strength OF
position that a Of bonds might naturally FOL
low logical reason for the oo)ect les
am new forced upon the country think the country
Will money gold rather than sell cotton at
present prices and possibly this may also prove true OF
wheat.
Certainly I. the people of the United States intend
gold standard OF bonds should receive no serious
consideration The present reaction has brought The
Monetary Trust into conspicuous test We believe the
stil establish its usefulness Hap
hazard ungudsd traders with imagnaons infamed and
quotations against them. have been controlled by their
feelings Of their judgment and lost their money
illustrates the fatal policy Of relying upon
market movements instead OF natural developments.
Meanwhile hundreds OF clients Of The Monetary Trust
with accumulated profits have been aloo, from the
reach Of professional manipulation and now TRANQUILITY
rely upon reasoning which has been placed before
them. The Monetary Trust has made analysis u the
present position OF American cotton. Time will tell
those conditions have been clearly understood
and the conclusions logically deducted. The Monetary
Trus, has made analysis Of conditions which the
ST Paul Railway property. Time will tell whether those
conditions also have been clearly understood and the
ciusions logically deducted.
On Wednesday last in the City OF New.York. note
worthy group Of men together. Members Of the
firm Of J. p Morgan Co.. Mr.. Belmont. william Rookie
Teller. and similar whose interests nwoven with
the future Of American railways down In that group
consider Of the ST. Paul system Of which
they are the managers The Monetary Trust congratu
atc It's clients that their interests have been placed in
the hands OF such management Those men sat down
review the record Of year which has passed. None
will probably live recurrence OF
that years combination OF enbarrasments and disaster
Half starved from failure embarrassed b. the mos,
extensive strike in the annals OF American railways that
used its largest energies during that year
clearing away from its territory the wreck Of the most
disastrous panic which this country. out
OF such year. those managers saved net balance Of
per cent for the common stock kept prop
erty IN first class condition This remarkable
achievement When thoy went forth from that meeting
they found Industrial activities In the st Paul territory
promising larger traffic lumber coal and general
chand.e They found that territory receiving exceptional
benefit from Spring wheat and its products and the arg
est total Of general which that region has yet
grown No other locality the United States will
show such general Improvement No other railway sys-
will show such increase Of earnings and such
increase ~ results There Is cloud the St
Paul system, either it's financial position It's phys
cal condition. It's management Those managers will
have other policy except that % gradual improvement
OF their property, and gradual increase Of their
treasury surplus ny similar slow and steady growth
II not otherwise will the confidence Of investors DE esab
shed in their securities. When It is fully realized that
issue Of Government bonds Is a serious
slderaon. then the present imaginary influences will
have their force and 81 Paul stock will have sold
lower than will sell again for period ~ Manip
uetion compelled 10 force down the best in
order pull down the list but the real value u
ST. Paul stock does not depend upon gold exports but
the relation which its earning power bears the
unused money Of Europe We repeat the conclusion Of
previous letters Measured by the low earning power
Of the idle In the vaults OF Europe. measured
by It's comprehensive grasp the period Of prosperity
now slowly unfolding In this country with blemsh
It's Management and doubt about ts traffic. St Paul
stock Will become cheap par
FRANCIS ID. CARLEY, President.