The daily morning journal and courier., 1897-01-18
THE BUSINESS OUTLOOK
GROWING INDICATIONS OF BETTER
 TIMES AHEAD.

The Long Period of Business Depression
 Passing Away-A More Hopeful Spirit
 From Now On.
 MT, c. J. Mckay, general manager for the New England branches of E. B. Cuthbert X Co.,, bankers and brokers, New York, was in town Saturday mak- ing call upon Manager John c. Clark of the company's New Haven branch. MT, Mckay took very hopeful view as to the coming business outlook, and said the tendency was unmistakably toward improving times and a general clearing off of the clouds that have so long obscured the business sky. One great step in this direction was taken when the nation voted for sound mon ey and with this vital question settled, and the prospect that congress will at an early day provide means for obtain ing sufficient revenues for the country to pay it's way without borrowing mon ey, the pathway to returning prosper ity would be an easy one. The country could not recover with one bound from its long period of depression. The stock market, always prompt to notice brightening signs in the business and financial world, was already beginning
 to discount them, as is seen by gen erally advancing stock market and the notably big sales of bonds and stocks in
 the last few days.
 MT. Mckay said that his firm had re-
 ceived from all it's thirty or forty
 branch houses, and its Washington bu- reau, cheering indications pointing to business improvement. Confidence was returning-a great factor in securing business prosperity MT. Mckay IS an affable gentleman of large eXperlence in business matters and an extensive traveller. and though hardly yet fully in life's prime, well remembers when the Rock Island railroad was built built, by the way by a New HaVener, the late lamented Henry Farnam-and well reeollects jolting stage rides of l0t
 miles or more in the then far west, be- fore the Rock Island and the quincy railroads were built.
 General George H. Ford, president oi New Ravens chamber of commerce, on being asked his views as to coming | improvement in business, expressed | himself as decidedly of the impression that the business outlook was certainly i brightening. The long period of de pression which had oppressed the busi- ness world had passed away. Weak concerns and corporations had beer weeded out during the past year Stocks of goods and merchandise in the | hands of merchants, manufacturers and jobbers had become greatly reduc'
 ed and we were on the threshold of re
 newed business activity and prosperity
 The country's financial affairs and the
 again on a solid basis, which bespeaks
 an upturn in business. The question ol sound money has happily been settled
 and doubts at home and abroad as tt | the stability of our national securities | and pledges have been removed.
 | General Ford looked for steady i'm
 provement in the business outlook iron
 now on. He also spoke with gratifica- 1 ton as to the interest awakened over 1 the national monetary conference
 which has just closed very interest l ing session, marked by notably instruc ltive discussions. at Indianapolis and al which New Haven's chamber of com
 merce was so ably represented by Pro 1 lessor Hadley, Joel A. Sperry, Genera Bradley, H. C. Warren and Charles E Curtis There was a splendid repre- sentation at the conference of repre- l sentative men from all parts of the country, and the effect of the confer
 ence's work could but prove beneficial
 to the cause of sound money. New York's representatives at the confer
 ence were ex-Governor Morton, MT
 Fairchild, ex-seeretary of the United
 States treasury; Cornelius N. Bliss ant
 others of renown, and so all along tht
 list of states represented.
 l The above views as to a steady i'm
 provement of affairs in the business world agree with similar opinions ex pressed by many of our leading bust
 ness men, and similar reports come | from the largest business centers.