Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1897-09-23

Small PRICE,.
and traders but with the ART sau. the
mechanic and our every industry, remem-
bering hat confidence is the mainspring
OF business. Ii sets the " heels gong, II
sends ca pItal out to pros pect. To develop,
TO occupy. 1t swings the miners pick, it
fires up the engine, it opens the ware
house ana brings supplies TO The home OF
every toller. The product Of the factory
is he thrift OF he artisan and mechanic
and their thrift Is the prosperity OF the
farmer.
The farmer i likely to have more
money TO spend as well a. the mechanic.
1t is the purchasing power OF the com
munity which makes good times. The
difference be ween activity aud depre--
sion in business circles turns upon he
point " whether or not the workingman
has twenty or fifty cents more per
day 10 spend han he had during times OF
depression. We can hardly realize that
our population has nearly rea he'd % COO.
600, and that an outlay OF 80 per capita
more than last year would bring an added
business to the various enterprises OF his
country OF $50 600 600. TINS $40 would
not be large sum to represent I he q iffer-
ence between depression and activity in
connection with each individual, yet in
the aggregate ii rolls up to "a -tupendous
amount, that would set the Idle heels
and looms and sp,ndles in motion ali over
the country.
The depression in business and II the
price OF la Dor for / he past few years has
not been without some good results, lf.lt
but temporarily arrest the extravaganza
and LAVISH waste OF money That cur poo
pie were too hastily rushing ON TO.
Speaker Reed figures il out thHt the
direct result o. the business depression
has been 10 low ct ne cost of he prod uc-
ifon OF All Things on au average OF more
than y per cent. Our mills, tuauuiac-
tories and railroads have introduced
economies that have reduced the cost Of
prod u&t 10 n and operatlon Tni- saving
N cost has goue all over tie country and
over the world a we'll a. INTO all indus
tries. Moreover the people have learned
habits of economy that We're unknown in
former flush times, and all these adyai.-
tages we carry into the coming DAYS OF
pros perity, With all that hey imply
The people of Maine increased their
savings bank deposits hv two millions
last wear, in view Of which a Chicago
paper remarks that times are never hard
In the Pine Tree State and here j.
truth in The remark
Though IL WIS but few wears since
Maine was in poverty because. II was a
borrowing State, now il is recognized as a
money centre; II it were not. borrowers
here would now be paving to 10 per
cent. instead OF ~ to 5 per cent. Tor
money. and vet we have heard +, said that
the large amount OF capital deposited
80, a. -, n0,'1e, "s .nose 700 au'iou' 10
pa.t few wears with exneri,nce n, nre.
vious failures OF seductive schemes }, that
no" lies Hcen u s :, IN trust companies,
ra,,a, a''u % mr. ndueiary ,hstit u.iohs, Is
n sentiment probably inspired by specu-
lator- that have OF late failed to induce
...a1e,,1 AS t'f leris III
again excent in ,yr.cksand rnhhish amd
to them, with such an experience, If they
are WISE, restoration OF confidence alone
hoardina ,Joaas 90 -, - ,.o;n t"1'l
business life blood of the country. The
disposition to invest money in mills,
lac'ofles' warehouses, evenings ana
talists, that will set every wheel OF IN
dustry i'll motion, and give vast oppor-
.uhity lot employment ana gam on the
eariiss, nS1ir1a -, ou' enii De
confidence in the safety and profit of
home investments over outside fake
Therafor. 10, =. ,o,,. 49, -,-
best efforts towards establishing such com
tidence with the people of our State, and
rue ioyaIiy 20 her every interest by
other. LIS IVY o. " -
The renort Of tbe tressnrar ,cas read
and accented, The renort showed q