The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-11-13
ENEMIES OF PROSPERITY.
Dryanites Are sim Trying 10 Create
DIstruaf.


Political interests OF great power
throughout the country are again en-
gagged in a campaign against public
prosperity. The effort 10 create dis
trust, TO impair confidence in the flu
ture, 10 belittle the improvement thus
far realized has no better object than
TO promote the success of some party
or candidate, but is pushed with all the
passionate zeal Of mem who are fight
ing for place and power. IL is, there
fore, the more important to those prom
inent business interests which no patri-
otic person should endanger that the
facts disclosing the real situation
should be steadily kept in mind. The
followers OF Bryan. under whatever
name, are still asserting that there has
been no real improvement. Men en-
gagged in business know better, but the
great majority Of voters have no such
pergonal experience TO guide them. A
million or more wage-earners whose
wages have been raised or who have
found employment after long idleness
know better. but there are millions who
have not that experience.
Much use Is made OF the fact that the
buyers of goods, which came with n
great rush in September and early this
month, has not continued AT the same
rate. This is as il farmer, after har-
esting the largest crop ever raised,
should think his business Frustrated
because he had no other crop ready.
Ii takes time for the works and the
iobbers to produce and ship goods or
dered at the first round of n big season,
and more time has TO elapse before the
distributing merchants find out what
goods sell best and determine how large
additional supplies of each they may
need. The pause in new orders while
those already taken are being filed, is
not "A stoppage of business, but the only
continuance that is healthful. There
. would be good ground for fear OF reae-
ton if men went wildly on buying with
, out regard to the consuming demand, in
the idea that prices were sure 70 adj
vance.
The volume of business actually trans
acted, as shown through payments at
the clearing houses, is a shade less than
II was in three weeks OF September, and
, yet is larger by about 81 per cent. than
4 il was in the latter part of July The
=. daily average payments through the
:. principal clearing houses were Sli2,000,-
. 300 i'm March, $206, 100000 in the entire
= month Of September, and over S205,0O
: 600 in October thus far, and ii may be
/, doubted whether any man who knows
: ANYTHING about business imagines that
;, such change can have occurred with
= out a general and great improvement,
IL .h hn eli Un -
- crease in October is insignificant As
: the rush came this year in September
!, but in most other years did not reach
its maximum until October, the com
~ parison with previous years is less en-
- ccuraging than IA month ago, and yet
I, the payments in October thus far have
n been only two per cent smaller than in
the best fan month of 1892, the best
year in past history.
About the stock market there are
multitudes who grieve because all ths
nj profits they expected have not been
realized. Stocks which they bought al
~ or near the top, as IL certain prices
., would 20 on climbing every day ane
., every week, are now lower, and they
Vi have sustained losses. Every great up
/
" periods Of REIMBURSEMENT, in which TIT
~ capable can take profits and the in
~ capable persist until they take losses
'io Last week, after all the depression
-. achieved by labored and prolonged Ell
"o forts, prices began to rise again, and
though the rise was stubbornly resisted
the average closed one dollar per shar
nv higher for railroad stocks and $i.ls pc
~ share higher for trust stocks than
", " week ago Whether the time has com
ny for another sustained advance every
~. body must judge for himself, but IN
-, readiness Of prices to rise when PEI
~, mitted does not encourage the bells
49,, that the end has been reached ~
N truth is that the country is on the roa
toward prosperity, and, though the iu
= = measure desired Is not TO he attalne
ND IN n day or a month or quarter,
leJ will as far surpass anticipations as y
thc gain since last March has surpassed u
90 dreams OF the most hopeful.-N'