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

TO BID TIMES.
COMMERCIAL GIANTS IN
NEW YORK PREDICT
PROSPERITY.
SOME CHOICE INTERVIEWS.

Sound Reasons Given for a Revival In al
Branches of Commerce by Practice
Business Men of the Metropolis. Stress
Feeling Displayed on tho Money QuesI
ton. One Bank President Who Favorl
Free Silver. Orhers Are Opposed ts
the Craze.
Washington Post,
During the last year there has
been a great deal of talk about
the death of the hard time and a
revival of business prosperity.
Subsequent events have largely
shown that representations to
be premature.
Within the last few weeks,
however, there has been such a
unanimous change for the better
and the business people of New
York have taken on such a hope
full look that to the careful bust
ness student it seems as if the
commercial millennium were at
hand. Interviews with the abb
est business and financial minds
Of the metropolis have been gath
cred on the subject. They speak
for themselves, AS follows:
Washington E. Conner, who
represents large Wall street in
terests, said: There can be no
question but business in every
direction is improving, and that
the outlook is very promising. 1t
is not the silver lining that APP
pears in the cloud, but the cloud
has utterly passed away; the ad-
vance in the prices of iron, cot
ton and grain represent SO much
additional wealth for the whole
country. The advance in wages
which is perhaps as striking as
that in any other commodity, is
also an excellent test of the
times. That advance represents
the immediate benefit which Ia
Dor is getting from the changed
situation, a benefit which in turn
makes the consumption of the
country greater in the end.
while the change since last
February has thus far been very
great, I believe it would be even
greater and more permanent had
it not been for the silver agita-
ton in the West. People in this
country know that it is simply
impossible to pass any free silver
law during Cleveland's admins
tration, but this IS how the in
jury of all this agitation is done:
Foreigners, who are not so we'll
acquainted with our political
situation are Influenced by the
continued agitation OF the subject
and it prey ents them from send
ing to this country the amount
of money which we would other
wise have from them. When
foreigners buy American Sc
curities freely, that money en-
ables the various corporations in
their turn to buy equipment, and
to make large expenditures for
supplies and general improve
ments. These purchases increase
the business of the various manu-
featuring industries whose own
ers are also compelled 20 employ
more hands and give better
wages. One interest thus de-
ponds upon another, and all
stand OF fall together. The cor
porations are perhaps the first to
suffer; they understand how i'm
portant it is that this country
should maintain it's credit and its
character, and so have the bene
fit of foreign capital.
AMERICAN COMMON SENSE.
81 have great faith in the
commonsense of the masses OF
the American people, when they
have had their attention, and
this, I am glad to say, is now
being done by the advocates OF
sound currency and by the press
opposed to free silver. Our
continued prosperity depends
upon the success of this course,
and it is gratifying to know
that every contingent interest
has become awakened, and what
is more. every interest has de.
monstrated before it's eyes the
fallacy of disturbing the even
flow of the currents of trade.
The farmer has learned that
grain could go up without hav.
ing silver legislation; the bust
ness man has seer his receipts
increase pleasantly under our
present system; there is more
demand for the necessaries oil
life at the corner grOcerv: the