The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-20

- THE COUNTRY pR0oPEROrSS
Last week. owing to ne eaectien, there
was . falling OF q the clearing house re-
turns OF S. per cent from the correspond
ins week OF last year. Populist organs
gave vent to the usual yeli Of triumph with
which they uniformly greet any indication
Of slacksning OF the tide OF prosperity
which bids fair 20 overwheim the coun-
Try. and asked the usual question. Where
is your Mckinley prosperity The an
swer Is given IN the clearing house report
published yesterday, which shows for the
week gain Of So per cent over the cor
responding week last year. Seattle's gain
: az Tnese are gloomy times for the
Populist calamity bowler, but, happily, the
breed is rapidly becoming extinct;
x < X
The magical effects % the Republican
triumph throughout the country became
apparent as soon as the result was Known.
Cutabert Mills in his financial article in
last Sundays New York Tribune. says;
1T was not till Wednesday night thar the
leaders Of the street go, the straight re-
turns which assured a working Republican
majority IN congress. Both parties had
Claimed a majority Wednesday morning.
and the market showed the uncertainty by
ITS webbing that day. On Thursday
morning it was known that the house was
doubt. Then the buying became fast and
furious Public ard private cables 20 the
other side had started foreign purchases
on an unusual scale which increased as
the dispatches continued TO come in show
ing that in whatever locality the silver
issue had been made specially prominent i'll
the West. the defeat of the silver cand.-
date had been most pronounced sYester-
day, said the head OF great banking
house. speaking on Friday, we were IN
able 20 supply the orders for bonds cabled
10 us. and the buying was OF the best
investment character The volume OF bond
transactions on the exchange that day
broke all records"
x < x
No more convincing argument in favor
OF sound money could be made than this
financial report furnishes. Had the Demo-
cratic party secured control of the house
and menaced the country with another
agitation for the free coinage OF silver.
American securities would have been
dumped upon the market by European
holders as soon as the news reached them.
When informed that the Republicans are
/ In control OF the government and the adj
vocates Of free silver defeated, orders
from abroad for the purchase of American
securities are cabled to such an extent
that 1t is impossible 10 fill them This
shows the difference between a stable and
NA-'NNoiS SdtiCAisS Inc people OF the
state or Washington may we'll feel proud
OF the part they took in proving to the
world that the American people are in
FAVOR OF SOUND money, progressive pub
lie policy and good government Their re-
Waro VIII be even greater than q satisfied
conscience and contented mind. They will
soon realize in a substantial manner how
enectually the barriers to the wave OF
prosperity have been removed by the de-
feat or the fiat mouay advocates u-a.ht,~
ton has become known TO the capitalists
OF the East as state possessing great pos
slollities for the profitable investment OF
capital in developing its resources and ex-
tehnlng It's commerce. 1t Is idle to con-
,eho that the fact that the state has been
III the hands OF the Populists has not, to
very great extent, prevented the influx
OF capital which might otherwise have
sought investment here. Those in touch
with the money markets OF the East know
TOO Well how frequently the excuse for not
investigating opportunities for investment
IN TINS state has been, I'VE don't know
what your next legislature may do. You
know you are in the hands OF the Popu-
Hsts. The voters OF the state have ham
ply, put an end TO Populst domination
ana the effect will be felt az once There
IS feeiing or renewed confidence In the
breasts or business men, which the near
future will justify.
< ! <
The great prosperity OF the country a.
large Is evidenced by the enormous in
crease IN exports. In this connection the
monthly summary Of commerce and finance.
Just Issued by the treasury bureau of
statistics will be read with interest h,-
every patriotic American. During the nine
months ending September 80 the country
increased Its exports $l22 0oo0oo and de-
creased IT'S imports by $4,000 900. To Eu
rope we increased our sales from s56s sos.
la', 10 s6t6. 53s. while our purchases were
cut down from $685.. 3s4. 9S4. to $40 sos III. To
North America our sales increased from
w, sbZ,s6o to SOS, s3l. $751; while our purchases
iell from $s4,51. 466 to s7d0fs $40 To South
America our exports increased from s24-
s1l,s4o TO $21. 3323 942, while our imports from
that part OF the world fell from SIS s5s6a2
TO S6S5l3,sI3. To Asia and Oceanica our ex-
ports increased from $45 1874 $40 to s54, ia5 $50.
our imports also increased from SIS. ooa ss7
TO sSS.259,s6D, this being mostly due to an
increase in imports OF raw silk for use in
the factories Of the United States. To
Africa our sales increased from SiI.934 s3s
to N35o5.o95. while our imports decreased
from s., $3.50 to 1854, so7
Never before in its history has the United
States made so excellent a showing. and II
is this that tustifies the widespread feeling
OF confidence In the future. The facts eyi-
denced by this marvellous showing ara OH
Vious. The exports Of this country are
rapidly increasing, not only In one mart
but in all quarters OF the world, and the
equally gratifying fact that our own manu-
faeturers are supplying the wants Of our
people.