Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-29

depression Ia Indeed refreshing. lie be-
Ileves that good times are coming.
not because of the stock reason OF
the gold bugs, confidence is returning;
with these. confidence governs all
things. but because the production OF
gold Is increasing. In other words,
Mr., Ciews advises his customers to
buy because he thinks there is TO be
more money, and more money will
make money cheaper and stocks and
products higher. Let Mr.. Clews, who
is one OF the staunchest of the gold
bugs. speak for himself In support OF
the gospel OF more money:
New York. May 25.-My readers will
bear witness that / was the first to
sound the death knell to the bear mar
ket, on March 5. last, the day follow
ing the adjournment OF congress. when
proclaimed that the time had ar
rived to buy everything and sell moth
ing. ! then said there was no stock
dealt In on the stock exchange so
poor that II would not advance con-
splcuously from that time forward.
was governed by the fact that the
worst congress for the business inter-
ests OF the nation had adjourned and
EAAit AAAAR ilAAdl AlQAAANAAAus anu NntJ
would no longer continue to drive
the Industries OF the nation into the
hands of receivers. ] also took into
consideration the fact that the gold
scare was about TO eliminate. because
the hunt for gold had commenced to
result In Increased production. the
worlds output of which would amount
for the coming year TO probably $780,
100000, with the prospect OF Its yearly
Increase for some time 10 come. The
effect OF the gold discoveries In South
Africa, which have made such a specu-
lRtiye craze In mining shares on the
London exchange and the continental
bourses has been 10 revive business In
every direction and carry Europe out
OF n rut OF depression which started
at the time OF tho Barring failure in
1890 This country Is bound to bene-
NJ under the Influence growing out OF
Increased gold production, both hero
and elsewhere, and a revival OF bust
ness interests could not possibly have
sOunder bottom to rest upon than
that Of the yellow metal About 3i5.-
100000 OF gold will be taken out OF
the African mines probably this year.
The properties connected Herewith are
now selling on the London market on
basis OF &600.000.00O. The production
OF gold this year In this country "a
steadily on the increase, especially in
Colorado. Montana and Idaho, and will
soon be the basis Of a gold initiation
craze In this country not unlike what
is now being experienced In London
ana elsewhere. II is important to con-
slider that the worlds output of gold
hereafter amounting to about $500
100000 land likely to Increase year ar
ter year, will mostly all OF It per
form the functions OF money, and no
part OF II IL likely to go into the war
chests OF the European nations. ns
heretofore, as They have now all ac-
cumulatcd their full emergency sup
ply Another important feature 10 inte
INTO consideration Is that the supply Of
money now IN this country amounts to
w per capita uH against the time of
the panic OF 1873 when IL was gl7 per
capita, and going sim further bncl, Ia
ne panic OF 1851, when Il was only
Slg per capita When prosperity again
TolEn9 supreme IN this country, which
VIII soon probably be tho case. ttdgr-
ms. from present appearances, thore
WIN ne a sufficient return OF confidence
TO make the circulation OF This soi
per capita so rapid as to posslblv
make our present volume of circulate
ing medium excessive. Whom this or-
CUTE Whlch VIII be very soon In NV
uilhlon' II WIN do more than anything
elSe 10 XIII the present Western and
Southern silver craze This sol nan
capita IN money will DO added to oich
year, beyond doubt, by at least $40
100000 Of this c0untry's product ~
gold This viii soon satisfy even those
who are now calling for more silver
money that the country's supplv ar
money viii he ample 10 no around
without dilutlng our money by opening
tne mlnts TO free silver coinage, or
ny nhy other very questionable means
or increasing this cOuntrv'R sunniv ~
money. F''' vi