The Delta independent., 1898-12-30
NJ Oaisses q Trade.

II announced from the financial
esntsss a two continents that New York
foe The arst time in history has the
~call" oe the money markets of the
world, and Il 70 claimed IN be due to the
protsctivs policy insugurated BY the
present government which Givss the
balance oe trade to the United States,
filing The coolers With gold. All this 10
10 doubt something to b. proud Of. For
many hsass the United Ststes had -
obsy the dictates OF London which set
tied rates oe exchange and prices on
ostsls. and the principals stocks Of this
country.
The eject oe this new and command.
Ing position sssignsd to this country BY
Ansncisss b not bsinv shown 70 the
nassss of the people. For months past
trade Journal and Wall street reports
have bsso tssDiog with figures to prove
that the countsy wss never % prosper
ous y its history. 1t is an old sayiog
-thst 6gurso sever lie. II that y true
thea ~ prosperity of the country must
b nsasursd fson different standard
than what Il vas decade ago. Then
when The country vas prosperous the
nsssss Wses veil TO do. wages we're high
and tsAdssoss we're making money. and
psoAAs were large.
Nov Q days Il b di6srsnt even with
this country the Rasncisl dictator Of the
world, and With the bslapcs of trade 10
IT, favoe. The % -cslIe'l prosperity 10 We
fear too much con6ued to the classes and
doss not rsech the masses. No later than
Saturday thousands Of pcople were
thrown out of smployment by the clos
oe cottoa mills In the south. The cotton
industry b st its very lowest sbb and
the prospects arc very ,lresr indeed. In
New Eosiasd the wagcs u bootmskerl
we're recently gsdscsd, and with the or
esptioa oe the iron industry, there 10 not
tssds that has had its em mployss' wages
raised from the lowest level Il 1888 "a,
despite the vauntsd prosperity. Busi.
ipsss conditioos have undoubtedly i'm
proved from the stsndstill Of i've OF siz
ysars ego and there are les people out
q vosk at this time than 1891. but the
vsess dos DOT afford much encourage.
meot. SsSc' q
The truth of the matter 10 that this
eountsy's increased trade has bssn gain
ID by going nearer and nearer 10 the
economic conditions of gold standard
Europe. This may b beneficial to the
~-Re - ~ ~ .eA An
take smaller pro0ts on IN iocrsa.e oi
business, but il b not beneficial 10 tie
county at large. Wall street reports
end trade rsvssws TO the contrary not
withstsnding. Some of the doubling
Thonases hsve expreseed fear that the
cause oe bimetallis0 will suffer froo the
ssnsskshls prosperity credited 70 ths
es,untsy, bot they srs unduly alarmed
II biwstaliiso u right IL will not die
end if Il y wrong is should perish. bst
the rscsnt tsodsaciss 60 to show thst IL
h not dad but sleeping" The people
a this rspublic can b trusted 70 solve
the question oe whetlser the economic
eoeditioes a Esrops shall b grated on
TIE coustry - pesnaneocy. In two
ysass the gold standard will have he'd .
~ uedss the most favorable coeditiooa
that coulA have been chuesn. II IL will
hsvs failed ths majority Gill look for Q
ssosdy. esd 10 doubt whsthes it will b
lapssialiso. In the ssst the people
80 s1ssd - - ist:est Tie further
ssoevod fsoo Nov York the further
sway ftuA ths ceoditions that prevail
a - ed vosjd.-Hesajd DoOocsat.
Dooonav 0ness ~ sos 0sovsssA 0se
Ueo0Do 0a1oRoo0.