The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1895-07-05

In leading editorial on the business out
look the New York World says:
1.-The fiscal year ended yesterday. The condi-
ton of the country at its end is in strong and
most encouraging contrast with that which
prevailed at its beginning. year ago We
were suffering all the evil consequences of
panic. We were in the midst of period of
very hard times. The finances of the country
were i'll a condition to excite alarm and to
bring upon the markets all the evils that ap
prehension involves. The industries of the
country were paralyzed. Wages were low
and the army of the unemployed large.
Railroads were scarcely earning expenses
though they had cut expenses down to mini
mum by discharging every employee thdtcould
in any wise be spared. Factories were closed
or running on short time. There was blight
upon the corn crop. The price of wheat, cot
ton. leather iron and wool was low and tend
Iig to 90 lower. The action of Congress in
matters directly affecting currency stability
aud business was very uncertain. IL was a
period of gloom and almost of hupelessness.
Now the national finances are upon a secure
basis. The railroads are earning more and
spending more. The factories, too, have
sprung into new activity. Those that were
closed for lack of business year ago are run
ming on full time. Cotton, wheat, wool and
the other staples of agricultural production
have come into increased demand at greatly
increased prices The iron, steel and coal i'll
where year ago they were nearly dead.
sin national finance the change is enormous.
The silver-purchasing law, which threatened
immediate disaster, has been repealed. The
depleated treasury has been replenished, so
that the gold reserve now stands above SlO7,-
600 900, and although the government expen"
ditures have exceeded receipts by about S45,-
600 900 for the year, there is plenty of money
in the treasury and the prospect Of ample
revenues for the LeXt fiscal year is excellent.
Sugar and whisky, which yielded little last
wear because of antici patory action. Will pay
their full Quota during the next twelve months
and improved business will swell the revenues
from other sources. Best Of all, confidence in
American finance has been restored and Eu-
rope is an eager purchaser OF American securi-
ties, where a year ago it was almost panic
stricken seller On the whole the new fiscal
year opens auspiciously for the government
and the people. 1t promises TO be year of
general prosperity. of large crops, profitable
business, universal employment and good
wages, with a trade large enough to Justify
all these changes"
There is more Catarrh i'm this section of the
country than all other diseases put together,
and until the last few years was supposed 10 be
incurable. For great many years doctors
pronounced it local disease, and prescribed
local remedies, and by constantly failing to
cure with local treatment, pronounced 1t in
durable Science has proven catarrh to be u
constitutional disease, and therefore requires
constitutional treatment. Halls Catarrh Cure,
manufactured by +. J. Cheney Il Co, Toledo,
Ohio, is the only constitutional cure on the
market. Ii is taken internally in doses from
10 drops to teaspoonful. 1t acts directly on
the blood and mucous surfaces of the system
They offer one hundred dollars for any case it
fails to cure; Send for circulars and testi-
+. j. CHENEY s. co, Toledo, o.
~ Sold by Druggists 10 cts.