New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-08
financial.
The MONETARY TRUST,
60 BROADWAY. NEW YORK.
FINANCIAL FORECAST.

FINANCIAL FORECAST.
After labor pains which have KEEP, the whole world
groanins. new epoch has been epoch Of ma
tional Righteousness There great rejoicing good
citizens OF all coaniries Tie sublime fact that the up
right Of all sections Of the United have acted
In unison has given integrity compreh mas
terry ignorance countries. has put
larger faith into the intellect Of Europe hrs given all
Governments larger feeling OF security and filed all
financial centres with comfort ard confidence After ALL
tho world does and all observing realize that
mankind has reached a higher level II becomes the
duty OF The Monetary Tus, ascertain where the people
OF the United States find themselves these changes
and to study the outlook Of future IN tendencies
financial.
The probable. development OF our home finance b
studied from distinct points Of view First in rea-
ton TO international conditions and afterward In refer
to domestic facts and forces However positive tho
working Of domestic influences be in either direction.
II Will always be modified and IN some measure controlled
by international conditions The realm Of nsnce IN these
electric times small and disturbance at point
Is Immediately measured everywhere. Fortunately Ma
tiona disturbances have recently subsidized and war
sounding eensatons have faded OF Europe The cleo
ton OF President Mckinley deepened the general
tranquility.
He is not only in himself reposef by nature religious
and peaceful but he has been elected by the stable re-
ligous thinkers and business Of his country
HA character and his coming environment promise
moderation arbitration concerning all foreign COM
pxcations The whole realm Of finance now promises
repose Anxiety and tisust IN large degree have LOST
their paralyzlng grip.
Industrial Europe emerged from the last world
wide prostraon and for eighteen months has been
showing both strength and activity The fact that the
American people have shown themselves capable OF self
has been appreciated in every Borse or Eu
rope encouraged the owners OF money to rely
upon the good faith Of their fellow men, AL indications
point to period Of throughout the realm OF finance
The worlds vaults will slowly surrender their con-
tents and money will begin is outward how from thos"
vaults into ventures This will create Industrial ac-
tivty. constantly show itself In growing enterprise
This means ali that We the habi: OF calling pros
perity Foreign investors have always understood that
make stable basis for credit ana
now that have shown ourselves ready TO pay back
the same Of money receive this outward move
OF the worlds funds from the grip OF anxiety ana
dst..t should reach with special favor We Will aI@o
be benefited by tho fact that continental and English
securities and almost prohbitory In cost
barriers between the two heispheres removed
there will is q tendency 10 equilibrium. which VIII con-
santly urge toward this country. as II BY srav
tation Similar securities either side tbs ocean VII
slowly work toward . common level
Another worldwide influence which will b happily
felt IN this country the yearly increase In
the production OF gold When tho KaHr comet came into
Europe caught its golden meshes the peasant and
the prince and turned their reused energies and boarded
funds into the production OF gold The fierce light OF
that has disclosed last the only alchemy FOR
I, has made mankind dig UP the earth In every mining
region II has exposed gold to human eye IN such
quantity a. 70 render relative oveproduc;,on inevitable
and force deep the coming century an era OF sx-
banding values and monetary notifications This VIII
bring readjustent In the relation between silver and
gold and accomplished by natural process what tho
visionary Mr. Bryan proposed to do by legs
laiivs He has failed but nature VIII succeed
II IL always between the propositions OF men and inc
movements Of nature An advance OF all values meas
ured by rold " very different advance from that which
Ia created BY movement Of money. which creates
an advance measured BY each other but the
general OF all values measured ny gold VIII give
protection healthy financial developments In THIS eoun-
try. and move US along |" II carried BY tho hhiheA
planet Itself.
II Is seldom tualcious overlook sentiment IN the
movement Of markets. and certainly we must INCLUDE IN
this the emotional attitude o, Europe to"A'o
securtiea For some years the pfeluaos OF TOT
eEr has worked against US The o'shoh'AD'
ya,osuyres OF soma former railway manhsch INC
growth OF silver sentiment which they dtcerned yeAs
seo gave foundation FOR cs,rust and "elene~'so III
,erna,iona friction Increased the feeling against US e.
p,claIy among the Engi!sh. AL the LONDON Journals
"a. ..av advised sCans, securities Under these
circumstances the speculative energies ard eapi'a OF ms
old World turned away from American securities
and confined within odms restrictions until nnay they
hurst forth In whr1wnd OF gold fanar.es heeenty the
a failure of their crops and the consequent de-
mand upon country for commodities las brought back
aran into remembrance our agricultural inpore~
Our rapidly Increasing expectation Of Manufactured prod
ucts has also reminded them % ou- advantages OF ior
,s min. and our enormous upon them for gold at
critical juncturs when the loss q gold would have cons
s appalling injuries have advertised our moral and phyH-
o resources In all OF Europe Our victory Tor IN
,ecr.ty has property owners everywhere AS
consequence Of all this better feeling has ceveloie ed
toward U.S. and Il safe TO believe that our interests VIII
rec.ye larger attention tho Investors Of Europe an
heretofore Our forecast from foreign standpoint Is
tina. enormous speculation will later develop all
over Europe In American eecirea and The Monetary
Trust. while 81 will rely upon such development VII
constantly expect It. and be prepared for H. next
week will attempt Al analysis OF our hnahe'" postum
,or N. s,andpotn, Of domestic facts and nnusncsA