The herald., 1895-07-12
WHAT EDITORS THINK
100000 Soa0s0osScSA00
An advance of 50, rs per ton in the price

An advance Of 50. 70 per ton in the price
of southern pig iron in the last sixty
days and an increase of Is per cent in the
wages of 10 900 IRON orkers in that Sec
tion add more misery to the cup of the
calamity howlers.-New York World.
Governor Budd has been writing to an
eastern journal that the wave of good
times has struck California. He is right.
But as matter of fact times have never
been anything like as bad in California
as in the east. 1t is well known that this
state came through the panic in much
better condition than almost any eastern
state. But crops of all kinds have been
good this year and the people are uni
formly prosperous, except, perhaps. in a
few scattered localities. which really bear
no important relation to the general vol
ume of population or business. We be-
lieve. too, that one reason why the peo-
pie are feeling particularly good is be-
cause California has a governor who full
fills his promises. Budd is a governor after
the peoples heart.-San Diego Sun.
The bank clearings OF the country this
week are 33 per cent larger than year
ago and per cent larger than two years
York's were larger than for the cores
ponding week in any preceding year ex-
cept 1890, and only .yey little less than
then. These figures show what great i'm
provement has taken place in the busi-
ness of the country. There is no reason
to doubt that, so far as volume of gen.
eral business is concerned, the country
viii have completely recovered from the
effects of the panic within few weeks.
1t is safe to say, too. that average wages
theicountry over will have been COM
pletely restored to the level of 1892, and
that the number of men who want work
and cannot get 1t will have been reduced
to the minimum point before the end OF
the year 1895. Kansas City Star.
Nothing could afford better assurance of
the return of prosperity and the restora-
tion of confidence in the future than the
fact that so much building is going on in
Sacramento. Houses are being erecteo
in all sections of the town, and houses
that are butt to stay, too. The contract
ors say that probably at no past period
of its history has so much of this sort of
improvement been attempted as now.
And the fact that Sacramento is away
ahead of its sister cities in this particu-
lar, population considered, offers further
ground :for congratulation. The click of
the carpenters hammer which floats on
the breeze is not the delusive music os
boom. 1t means business. 1t means
here in Sacramento today that men with
money to invest and men who have
homes of their own to erect have full
faith in the future of the town. --Sacra-
mento Bee.
Statistics issued by the treasury show
that during the fiscal year from July /,
1894, to July /, 1895, national bank circu-
lation increased S4,337, 791, and that from
July IS. 1894 to May :. 1885, loans and
documents OF this class of banks increased
about 4,000 000 - convincing evidence
that lack CT confidence parent of a large
progeny of industrial evils, has disap-
peared that capital, credit and produc-
tion are once more com bined with la Dor
TO restore and maintain that general pros
peTity which panic and unwise legislation
had brought upon the country. Not less
deposits, which during the same period
rose above the total of the previous year
$13, OU0 900. The national bank reserve is
the third witness to revivlng energy of
trade. Increase in the basis of sound
financial science and valid mercantile
operating figures up to nearly $75, 000, 000
Free silver folly has no excuse left for
lingering longer in the United States. 1t
lags supertiuous.- Chicago Times Herald.
The Times list of increases OF wages
which has been prepared with care and
which we began to publish nearly three
months ago, now includes 34S employing 6
companies or firms and 232, GOO workmen
te1cluding the companies and the 80, 00c
men affected by the new wage scales in
the sheet iron. sheet steel and tin plate
iactories) and we have knowledge in adj
dition of about 800 manufacturing com
ranies in which work has been resumed
in the last three months latter consider
able period of idleness) and in whicn en-
ployment has thus been given to about
10, 000 persons. Here are moro than $50.
600 employees benefited by higher wages
or assumptions. There should also be
taken into account the many large plants
which are now running double turn
or night and oay to fill their orders, and
many others in which the number OF
workmen has been considerably in
| creased. If we include the members Of
! the workmen's families, it is within
bounds TO say chat not less than 9, 900, 00(
persons have been benefited directly by
! the increase of wages enumerated in oul
| list by the assumptions and by the en-
| ployment of different hands. - New York
| Times.
DR.. Prices Cream Baking Powder
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