The San Francisco call., 1897-08-15

ALL AROUND
Everything That Happens
Is for the Good of
the Country.
Rich Finds of Gold and High
Prices for Wheat Under
Republican Rule.
The Yukon and Trinity Developments
Will Stimulate Prospecting for
Precious Metal.

| A few W. eks after the inauguration OF
President Mckinley, a hunorist remarked
that the advance agent OF prosperity was
a long distance ahead of the procession
| Now it seems that the main column has
! arrived, for reports received from every
section of California give accounts OF re-
newed activity i'll business affairs.
| Paris Kilburn, one of the Bank Com
m missioners of this State, has had oppor-
| tunity during the past lew weeks TO ascer-
tain the condition of industrial affairs and
form an estimate of the future in busi-
ness sense. He AYERS that the outlook Tor
long term of prosperity Is most encour-
aging. The bankers of the anterior, as
well as those of San Francisco, are con-
fdent. Money for investment In enter
prises of merit is not harI to obtain. 1t Is
the observation of the Bank Commis-
sioners that the day of high interest has
gone by. Money lenders are willing to
accept lower returns in interest where the
security for payment OF the loan is ample.
The good prices obtained tor farm proo-
ucts have enabled many of the borrowers
belonging to the agricultural class to make
payments on account of old .oans. Where
banks would have been satisfied to have
btained interest only, payments on a.
count of the principal have been made In
addition to interest payments.
Mr. KiIburn remarked yesterday: ut
seems to me that affairs shape themselves
in this country in a way TO benefit Re-
publican administration. The advance in
the price of wheat has b en- followed by
nigh prices abroad for the products OF
q
year will add largely to the wealth OF the
State. The discovery of vast deposits or
gold in Alaska and British Columbia will
add TO the measure of prosperity. Every
thing happens TO help the country while
the Republicans direct the affairs OF the
nation. There is great demand for good
farming land in this Stale. l know that
inspection has been made of important
tracts In the Salinas Valley. That region
of the State promises to become highly
prosperous"
William Irelan. formerly State Miner
alog ist, was seen at the Palace Hotel yes.
terday. He was glad that the prosperity
so long expected had arrived. The new
discoveries of gold in Trinity County were
gratifying. 81 predict" said Mr. Irelan.
''that other finds quite as important as
the discoveries in Trinity will be reported
when the attention of prospectors and
miners is again turned to the gold de-
posits of California. Our greatest benefit
from the Yukon discoveries will come in
the form of re- examination of the gold
mines of California. Recently mines
which were opened many years ago and
classed as non- paying have been reopened
and profitaby worked. New methods or
appliances of mining have been intro
duced and the cost of extracting the gold
has been materially reduced. The wealth
of California in deposits of gold is i'm
mense, and it is gratifying assurance of
future prosperity that men are willing to
invest money in the development of
mines in this State"
Last May it was thought by many that
the grain crop of California would be very
light this year, but accurate reports now
at hand indicate that the yield is about
equal to the production of last year.
Colonel DePus, who handles grain on an
extensive scale, is convinced that the
yield equals that of last season. The high
prices which wheat commands will make
the crop valuable to the farmers.
Railroad men estimate the fruit crop as
about equal in quantity TO last years
yield, but owing to the good market and
in creased demand for California fruits in
the Eastern States of this country and in
London, the growers will derive substan-
tial gains.
Assistant Manager Warren of the Palace
Hotel has frequent opportunities to talk
with travelling men representing the great
com mercial houses of the country and he
finds that the opinion is almost universal
among men of this class that a great sea-
son of prosperity for the United States is
opening. Agents Of commercial houses
reflect the opinion of merchants through
out the land.