The times., 1898-10-02

Niit tottOH SlOD ID BOlhS ~ Dt way aht"u Vi aiJ
thing in history, and the same splendid showing
will be made by the fruit raisers of the North
and the grain growers of the West, 1t is without
doubt year OF magnificent prosperity.
The above extracts are but few illus
trations of the many evidences that the
year 1898 is a truly remarkable one in ma
terial prosperity. The record almost
equals that of the war, and between the
two the new prestige of the United States
has become the wonder of the world.
Opinions of Americans.
After perusing these facts 1t may be in
teresting to read few expressions of
opinion, and of astonishment, by states
men, bankers, and others, in regard to
the miraculous record of the present
year.
In recent public speech Attorney Cen
eral Griggs said:
This has been a year unequaIed for
progress and accomplishment The hand
of man has not fashioned, nor his eye
foreseen the work that has been wrought.
Call 1t fate. the progress of events, provi-
| dence. God, what you will-it has been
| leading upward and on, the drawing
| forward by irresistible impulses of this
people to place at the front rank of the
world"
In recent and most valuable publica-
| ton relating TO the acquisitions of terri
| tory by the United States, Hon. Binger
Hermann. Commissioner OF the General
Land Office, eloquently said:
| Grand and unprecedented as has been
| our past, we are now emerging upon an
era still more resplendent and far superior
| to anything that has gone before in our
history.
"Our horizon has broadened and in
| creased. That which before in many
| things was a mere interest has now be-
come necessity. None can predict the
mighty sweep of the present evolution.
1t is destiny.
| The opinion of Rev. Edward Everett
| Hale is thus expressed:
! 1--WE meet at the end of one of the great
wars of the ages. In one hundred days
| God set forward the civilization of the
world one hundred years"
In recent newspaper interview in the
West, Rev. Dr. Talmage of this city,
said:
| | believe we will experience such a period OF
prosperity that win exceed the dreams of the
boldest optmist. We had fallen into lethargc
state. ard couldn't get over talking hard times:
but this will all be changed, and manufacturing
interests, commerce and general business viii get
such an impetus as to carry the tide OF prosperity
10 the highest mark The time has come for great
things Once in about 1900 years God has mani
I
About 1000 years ago came the flood, and 1000
years ago the Nativity, and at the dawning of the
twentieth century see a fair world in which civ
ilizatiou in its highest forms has found a home
in every part
j. Edward Simmons, president of the
Fourth National Bank, and one of the
biggest and brainest financiers in Wall
Street, recently said in an interview
published in The Times, and which is
worthy of reproduction in this connec
ton:
We have entered upon OF prosperity be
| yond all question. The stock market merely re
fleets the sentiment of the country in the adyanc
ing prices OF all classes of securities We threw
our hats in the air when our trade balance Will
Europe was s2s7. 900 in our favor Now it i
over $500 100000 Let me run over some of III
reasons for expecting a period OF large prosperity
l. Peace is at hand.
?. The period of destruction is ended and Their
will be no more losses.
8. Wise people are already showing eonsidera
bic activity in various lines Of trade, and the en-
engy and enterprise of the country are asserting
themselves.
/. We have sufficient revenue now and there
not the least danger of keeping our one thousan
millions of circulation at par.
O. There never has been so much money seek
ing investment now.
G. There was never so much money in the bank
and trust companies as now
T. The crops are large this year, and this mean
that the farmers viii be prosperous.
g The outlook for foreign demand is favor
able.
9. The earnings Of our railroads are satisfaC
tory, and some of them have already increase
- their dividends.
10. The industrial situation is much improved
as is shown by the rise of such stocks as Tobacco
Rubber, etc.
In short what is there in the way of prc
longed period of prosperity?
Tributes From Europe.
n A remarkable tribute to the Unite
: States by Mulhall. the most eminer
4 statistician of Europe. was recently sun
married. by the Baltimore Herald as 70
lows:
:. Mr. Michael c. Mulhall, the noted English sta
I iStcian, is clearly of the opinion that oth'
s nation compares with in all the essentii
elements that go TO make up aggregate wealth
He also notes the fact that while the most
= European countries have attained their growtl
d the United States is apparently on the thresho
, of an industrial development which il has new
dreamed of before,
II Mr. Mulhal submits the following table of est
n mates, as being the result of careful and con
, prehensive investigation into the sources of n
: tional wealth in the several countries:
. United States. .SSl, 80 O00 o.
Great Britain. %, ,OSO 600,
5 France. ........ ................. IL ,9o0OUO.O
Germany. ..-...... ....-.--.---..-.-. 4O,ZbeeOO,U
. Russia .............-. ...-..-...-. -, l23-Uov,O
- Austria. ............. y $1,000
l. 10
Spain. in..................--...- i, 100000
= These computations are based upon values
shown by real estate records, buildings, mercha
y disc and railways, as well as the crculaIil
IN medium in each nation. As will be seen, o
Sc wealth is more than seven times greater than III
of SPAIN double that of Germany, two and HI
times greater than that of Russia, nearly d0ut
lie that Of France, equal to the combined veal
n of Russia, Italy, Austria. and Spain, and 81
il 720, ,0OOOC0 larger than that Of Great Britain.
t. To the United States, as world powe
Id the London Spectator recently paid Il
m following tribute:
The worlds future greatly depends upon
he political character of the Americans. When
1850 they are 200. coo, they can crush any pt
III pie except the Slavs.
le To fit them for that destiny the America
should have difficulties, dependencies, and comp
Gated relations with the remainder OF mankir
C. At present everything is too easy for them. Til
- live too much to themselves.
They must learn 10 govern as well as TO be gC
ne erned and must add to their splendid patriots