New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-08
financial.
the MONETARY TRUST,
iinautial.
90 BROADWAY. NEW YORK

80 BROADWAY, NEW YORK.
For many weeks Indications have threatened sno'ne'
issue Of United States bonds. The dribbng manner ~
which the syndicate has delivered gold the Treasury
has no; represented strength Of position Even he a
nouacenents Of Mr.. f. C. Benedict not ~i'nou, ss
nncance. Americans are now In every bankins-h"'sv
Europe making drafts upon New York. The amount VI
cotton owned upon the Continent and the AWKWARD pm
ton OF English spinner. holding down the e"po'
prices far below the quotations which the OUTLOOK ' Wv
coming crop justify and therefore exports OF '"a'
modify will be limited. Al, nations have been "ha.,
selling our wheat Courageous investors. therefore, ""'
they may expect bonds. should De p'epA'
therefor Meanwhile the American people have v'r''"',
decided In favor OF gold standard. and therefore, 'p
q giving temporary basis for advantageous ouy'ns'
another Of bonds should have no more i""u'"7
npon far-,ee,nc men than the winds blowing down
the bay OF New-York.
Take search light, 20 In Paris. Amsterdam boh'o"'
and al, the mars Of Europe. open the vaults ana give
serious consideration to the vast accumulation OF MONEY
actually mouldy from Of use. That money was
piled In those vaults during what men call panic
when the bruised and alarmed thereof were sus
Cling with each other get Of securities and vent
When this frenzy exhausted itsef and enterprise
thrown PROSTATE. that money reached It's maximum
OF accumulation. Aferward the thereof harneu
and tmid. made investments In conso's and othe' ,oV
putting the price OF such securities ABOVE
all records More recently. with somewhat more eour'
age. the Of that money have bought American
railway bonds. II wish TO know the tendency OF
values. down and watch the outward movement OF
that money. As It of the vaults. values VIII
expand. There Is scarcity Of securities throughout
Europe. Tha; money has been held from America De-
when anxious and timId their minds are
easily nnamed and the thereof have believed mat
this country sliding down to a silver basis They
could realize that the ultimate conclusions oil Inc
people OF this be relied to gold pass
anything else.
Take another light go all the United
States all the globe. and nowhere Will you ma
litx Wh Wi sh0Ws
the covered by the ST. Paul Railroad Favorable
changes will be Immediately conspicuous elsewhere
Wheat Is low. and the farmers everywhere VIII be
relatively poor The price Of at the farm will almost
disappear. and will be held where 1t Is grown until
manufactured into pigs and beef on the other hand the
men who work on railroads. men who work In manu-
factories will higher relative and will live NJ
cost. thereby occupying better position than labor
occupied before This that they Will be free
buyers of manufactured goods This again means the
turning Of the wheels OF manufactures throughout the
United States This again that some lines Of tac
will be relatively large There few railroads in the
United States which will receive the full measure of the
period OF prosperity unfolding this country hut the
territory by ST. Paul system will receive its
full proportion Of the Of trac lumber ron and
which general business activity will bring 10 the
whole and In addition thereto has In actual pos
session this day the largest total OF crops inclusive OF
corn spring wheat rye. oats and barley that has
grown That spring wheat, and the nour therefrom VIII
furnish the valuable new freioht OF the coming
Last st. Paul struggling with the pros
Of panic and with partial crop failure but Will
the future pay cent out Of that desoate
From the hour OF the declaration Of that dividend
calm student Of American railway conditions can
doubt hut that ST. Paul must be valued four per
stock.
Its larger earnings Will provide for repairs and improve
mens and easily pay that ratio Of dividend with promise
Of increase In later periods ST. Paul stock Is listed
in London and New-York. Its price now rests upon
International conditions Is dealt In in all markets and
ttpeft
has by the amazing blindness Of British sptcu-
lators who have made much money from draining
indifferent to the position In which
they have drifted upon The short interest
under the stock probably large period
of business activity confidence has appeared In all
countries and has around these British spectators
Irresistible environment With this short Interest
St Paul Is volcano. II is to-day. In the opinion Of
officers Of The Monetary Trust the cheapest security
the world It is the most real and ideal grip possible
upon the period Of expanding prosperity now break
into dawn, and believe that II the readers hereof
bonds in this stock they will
ceive OF interest combined with advance Of
quotations which will produce important enhancement
their IT inevitable that the pressure Of
idle money OF England will break down the imaginary
barrier between British stubbornness and the American
held Of 1t Is Inevitable the following
OF night by day that eadustment throughout the whole
globe force itself between Idle and good
The who buys sound securities to-day and
rests thereon Will be in better position for large re-
suits than Will be possible for him TO attain again
during period OF years The Monetary Trust now holds
81. Paul stock than 1t has held. and while 1t
cannot obligations to the public yet It will
break faith. and now express the belief and
the positive prediction that The Monetary Trust
will retain its present relations to St. Paul stock when
II Is selling In the eighties will hold that same relative
position when selling in the nneties and will hold
that relative position when being sold above
small and has become a stable investment
security In short The Monetary Trust will stand loyal
the American public In It's relations to this security
until ST. Paul to-day has become the Lake Shore
OF tomorrow.
FRANCIS ID. CARLEY. President.