The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-05

The New York Times (Democratlc)
takes hopeful view OF the business out
look and believes that tht,tide has turn
ed for the better. While the Times Is
opposed to the Republican tariff policy.
and Is by no means a SUI porter of the
present administration. 1t is not calami-
~ bowler, but Is crying down the mean
sensatlonalsni Of most of the'Democratic
press which is retardlng prosperity.
In the financial articles OF the Times
the hopeful signs for future business
prosperity are pointed out, In satur-
days paper one of the best known stock
exchange men in the country. the head
OF the firm of Charles Head q Co., is
quoted as declaring that the tide has
turned In the right direction.
I'm accounting for the strength which
the stock market Is showing and the
wonderful advances that have occurred,
Mr.. Heard explains that Wall street
foresees great Improvement in the busl-
ness OF The country and believes In the
near approach of good times, He says:
surely that Is no reason why people
should hesitate as they have done when
the outlook was dark. People have be-
come hopeful again because they see
what seems to be actual indications OF
the coming prosperity" That is why
they are buying stocks and investing In
the great enterprises OF the country
They are, In fact. investing money
which. during the four long years of de-
preston they have kept Idle. lying in
the vaults OF the banks. Mr., Head very
truthfully says:
"You must remember that this coun-
try mas lust gone through several years
OF depression. During that time almost
every factor that has arisen has been
one calculated to drive away confidence
and further apprehension among busi-
ness men. Now we have things very
much changed. The uncertainties which
have been barriers to business Improve
uieut have been nearly all removed. The
tariff question, which for months past
has been the all-lmportant matter, Is
about 20 he settled. The numerous other
adverse factors. such as the diplomatic
troubles In Europe and the Cuban war,
eeem likely to have no further bear de-
fects What gold exports we may have
In the future Will in all probability, be
insignificant. and only natural under cx-
sting conditions. We have an ennr-
nous balance Of trade in our favor. and
a crop outlook which insures us OF fur
ther gains in that account With our
excellent crop prospects we have the best
Of PROMISES Of a general business revival
that Will mean large increases In the
earnings OF our railroads and industrial
corporation. and we have other favora-
BILE factors, too numerous to be mem
toned
Mr.. Head is not politician talking for
political effect He IL a trained expert
upon the very subject he Is discussing
and he speaks from his knowledge of
business conditions and OF what is going
on In the great world OF trade and
finance His testimony is worth more
than all the splu,tering OF the organs
and their PopocratIc organs. who sup
press the truth regarding good times
and enlarge upon and magnify the dlsas-
trous effects OF their own past folly.
MI Head, isnot alone in his optimism.
All the trade and commercial reports
bear out what ne says, and everywhere
the same talk, Is being INDUCED in by
business men In the Industrial world
work 10 Increasing. and with the annual
adjustment ~ the wage scale in the Iron
and steel trade. which It Is expected will
be reached amlcably the Improvement
Will continue It's onward progress
Men like the gentleman above quoted
believe that we have about seen the last
OF the hard times and that tho movement
has begun toward the prosperity that
seems 40 long coming. II cannot, In the
nature NJ thinrs, be rapid, because the
American market Ia crowded with for.
elgn lmportatlons which must be con-
pumcd before ourown manufacturers can
enjoy that which they have been cheated
out Of by o low tariff and our own wage
workers receive the earnings that are
going into the pockets VI European pro-
duccrs.