The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-08
LETTERING ALREADY.


Almost every interest and industry
has already felt the benefit of the re-
moval Of doubts and fears that hung
like a curtain to shut out the future
from us a few days ago. 1t is not the
notion of any positive gain to come
from the election OF Mr.. Mckinley, of
any policy that he is to inaugurate it
is simply the negative forces of the vic
tory that have been at work. We
know that the money unit is not to be
altered that financial institutions will
not have to close their doors; that
property values are not to be scaled
down; that gold Is not to go to a pre-
MUM; in word, that none of those
things will happen which we had
reason to dread as a consequence Of
descent to the single silver standard.
What this means in practical fact,
our news columns tell today. Already
the wires have brought to US the story
of capital loosened and industries en-
larged elsewhere. But we have our
own little chapter to add to the history
of good times which is now opening at
the first page. There is no one in this
city who is an employer Of labor or IN
close touch with the sources Of capital,
from which the wages Of labor must
be paid, who does not confirm the COM
mon view. The banks tell of larger de-
posits, Of the loosening Of the grip on
gold. Of the quick multiplication of Wis
ible capital, of the fall in the rate Of
interest. This means stimulus to in
dustry and a competition for invest
ment that must stiffen prices. The
new orders coming in and of old ones
that are now being filled because the
free silver campaign met with disaster
Nowhere will there be a lessening of
forces. Everywhere there is the reality
or the expectation of larger trade, with
the preparation of larger facilities to
carry it on. More buildings are to be
put up, more men are to be set at work
on railroads, new activity Is to exhibit
itself in every department Of our indus
trial life.
We congratulate the people Of the
country, the people of Minnesota, the
people Of st. Paul, upon the opening Of
the new era. Not for one moment in
the last twenty years have we been
free from the fear or the threat of cur
rency imitation by an injection Of cheap
money. Today it has gone. Buying
may go On unhindered by the fear that
wealth will vanish between night and
morning; the honest dollar stolen away,
and q silver or paper changeling put in
its place. All the conditions now are
favorable. The winter Of our discon-
tent has been long and hard
We have been paying debts and selling
property for liquidation, and rising
early and lying down late that we
might earn and save a little in these
evil times. Now everything is ripe for
son why confidence should not be fully
restored There is not so much as a
grain of sand to stop the advancing
march Of a new prosperity. We be-
lieve it would be far better for the
country and all it's interests If De-
mocracy, Of the old, true pattern, were
in mower But we have at least the as
surance Of financial stability, and now
the wheels begin to go around. Con-
ditions have bettered, right here in st.
Paul, in the last three days. Let every
man set himself at work, with faith
and hope and determination to help
along the good times that are here at
last and that have been so cruelty long
on the way.