The times. [volume] (Washington [D.C.]) 1897-1901, 1898-08-28
will be a big international squabble in

will be a big International sGuabble in
Europe.
j. Edward Simmons, president of the
Fourth National Bank. and one of the
biggest and brainiest financiers in Wall
Street said:
we have entered upon an era of pros
perity beyond ali question. The stock
market merely reflects the sentiment OF
the country in the advancing prices OF all
/ classes of securities. We threw our hats
4 in the air when our trade balance with
Europe was s2S7, 090. 900 in our favor. Now
4 it is over $500, eGe 900. Let me run over
some of the reasons for expecting Pc
+ Rod OF large prosperity.
Il Peace is at hand.
/ so The period of destruction is ended
and there will be no more losses.
- Wise people are already showing
/ considerable activity in various lines of
trade and the energy and enterprise of
the country are asserting themselves.
~ We have sufficient revenue now and
there is not the least danger of keeping
our one thousand millions of circulation
al par.
IS There has never been so much mon
ey seeking investment as now.
&c There was never so much money in
the banks and trust companies as now.
-. The crops are large. This year, and
this means that the farmers will be pros
porous.
IS. The outlook for foreign demand is
favorable.
%. The earnings of our railroads are
satisfactory and some of them have al
ready increased their dividends.
10. The industrial situation is much i'm
proved, as is shown by the rise of such
stocks as Tobacco, Rubber, etc.
In short, what is there in the way of
a prolonged period of prosperity"
Moore & Schley, the weil-known stock
brokers. said:
America is now the only green spot
on the face of the globe The war just
closed has turned the sentiment of the
world in our favor. And sentiment rules
the world, as it rules the market
I'VE are going TO have very prosper
Gus times With low interest, with ad-
vancing prices, with q better tone in all
lines of business, you can readily see
that we are on the way to great pros
perity.'
Ex-senator Calvin S. Brice, the rail-
road magnate, said:
Everything is booming. We are 60
ing to do the biggest business ever heard
of the coming year. Things could not be
more encouraging than they are now.
The new territory secured will only swell
the volume of trade"
J. Plerpont Morgan, the Colossus of
Wall Street. said:
Read the papers and see for yourself
how the times are improving every
where
Vice President Fahnestock, of the First
National Bank said:
-HThe general commercial conditions
never were better than at present With
several years of bountiful crops, a large
trade balance TO our credit, the country
full of money, there seems to be no es-
cape from the stimulus which such q
situation gives to all industries And
Wall Street is already anticipating in the
advance Of good securities what thu
public will find out later on.
Arguing from the history of the past.
we are entitled to have the pendulum
swing in the right direction for several
years to come. The great crops for this
season are already assured. The war is
happily over. And / can see no reason
why We are not entering upon period
of unprecedented prosperity
Vice President Pullen, of the National
Bank of the Republic, said:
There is no question about the future
prosperity of this country Everyone is
talking hopefully now. There will be
enough business to go around for all
legitimate enterprises. Porto Rico will be
transferred within year to an annex of
America, and Cuba and the Philippines
will drop into our lap
Frank Bond, vice president of the Chi
cago, Milwaukee and ST. Paul Railroad
said:
The business outlook is very bright
Our road will do a big business this Fall
and the country is about to enjoy large
prosperity