The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-07

is somewhat general, the amount
Of the increase is very slight. In most
cases and only in a very few 10 per
cent. whereas the reductions were 10,
20 and not intreQuently % per cent.
The further evidence that this is pure
ly industrial and not financial is seen
in the fact that the threatened free
| coinage movement exercises no prac-
teal influence in checking the revival
any more than the repeal Of the
Sherman act checked the depression.
The depression has lasted long
enough to use up the entire stocks on
hand in nearly all lines of industry,
and throw capital out of use, so that
all that was necessary to move the
wheels of industry along the lines
preparatory to an actual increase of
production was the restoration of con-
fidence and the knowledge that havoc
creating legislation was at an end.
This the election of 1894 assured not
only to America, but to all mankind
OF course, multitudes of other in
huences are contributing row to the
revival as they did to the panic. but
the main and governing influence is
the change of administration, and the
assurance that business disturbing
legislation is at an end"
John II. Inman has spoken most
favorably of the situation particularly
of the outlook in the south, where. he
said, all branches of business had a
healthier look than for many a long
year.
Coils P. Huntington is another
man who has not been afraid to go
on record as a believer in immediate
prosperity, and the absolute death of
the depression of the last few years.
The views of J. Pierpont Morgan
who rpOanfI1r
pean trip, are pretty Wei known in
business circles throughout the land.
Mr.. Morgan never says anything for
publication unless he is absolutely
certain of his facts, and when he said
that the nation was on the eve of
good times it did more to soIidify Wall
street matters than anything that has
happened in years.
ii: o. Armour, another practical
business man, has predicted a near
change in the commercial affairs of
the nation, likewise Chauncey NJ. De-
pew, who is in position to know
whereof he speaks.
Diplomatic Nr. Coudert.
Hon Frederic r. Coudert, who rep
resents many foreign syndicates. not
ably the French government, in Amer
lean matters, wrote as follows:
proceed to answer your questions.
but without the slightest claim that
my opinion upon the subjects named
by you can be of any value whatever
TO the public. Still, such as they are
you are welcome to them
AS to the prospect of better times.
OF course, the prospect is there, and
the whole country is beginning to feel
the beneht and the eXhilaration that
grow out of general hopefulness. We
have EMERGED
slough OF despond, and are looking at
the future with an optimistic eye.
This only proves that a great country
like ours cannot be kept down for an
indefinite period, but will re-asert her
self and will administer in one season
the needed tones to its own body. But
1t is only just and prudent to add that
we have not yet laid any deep founda-
ton for Improvement in business. We
want good crops in the south and in
the west, and we want them gathered
into our barns. So far, they exist ONLY
in faith, but alas, faith is the evidence
of things unseen, and those you can
not sell to foreign markets. Still, the
wheat crop ought to be fairly secure.
providential rains have made whole
states emerge from dependency. and
our people as a whole are throwing
care to the winds. We shall have bet
ter times, because we are bound to
have them, and because we feel salts
fed that sullen fortune has wearied
herself out, and is tired of prosecuting
us with drouths and storms and tor
nadoes, sultry winds and mischievous
strikes.
THE policy of the west to make
better times should be to encourage
eastern and foreign capital Now
capital is not to be bullied or scared
into submission. 1t is as bashful and
timid as a blushing girl in her teens,
and coarse word or threat or any
brutality of treatment will scare it
away at a rate of speed that no bird
in its fight can ever equal. The west
seems to forget at times that it is
closely welded to the east; that each