The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-08
SATURDAY, APRIL 8. 1893.
MAKING THEM ASHAMED.

Surely the calamity shouters OF this
country are making sorry spectacle
~ themselves. In order to boom the
free silver cause they set out deliberately
several years ago TO make 1t appeas
that this country was on the verge OF
complete bankruptcy, because OF the
adoption of the gold standard, and they
nronhesied all sorts Of evils to come in
case the gold standard should be MAIN
tanned But their prophesies were not
realized A genuine industrial boom set
in as soon as the country mad recovered
from the disastrous effects OF the free
silver agitation. and the glorious news OF
new industries starting up, of old IN
dustries increasing their capacity OF IN
creased railroad earnings, of increased
exports Of advance I'm wages. Of enhance
ment in values. comes from all parts of
the country with every issue of the daily
newspaper.
Yesterday we printed an announcement
from the Railway Age that 5000 miles
of new road would be built in the United
States during the year 1899, representing
an investment OF Sl5Ooooooo. We also
printed a special from our Baltimore cor
respondent giving summary by the
Manufacturers Record OF the large num-
her Of new industries started up in the
south In every direction. according
to this trade journal from Maryland TO
Texas there are signs Of increased busi-
ness activity; manufacturing enterprises
are generally crowded with orders the
iron industries are not only turning out
larger product than ever before, but
are making larger profits than at anr
time in the past; cotton mills aie running
night and day. lumber interests arc be-
coming more prosperous. and the stir
OF new life and enthusiasm is everywhere
felt
We hope that every calamity shouter
has read that publication to his conster-
nation. To say nothing OF the cotton
Industry throughout all of the Southern
States and the great iron boom in the
Birmingham district, right here In Vir-
einia a company with $500 900 has been
organized TO develop coal and iron pro-
perties. 10 build and operate railroads
and to carry on the great industry OF
manufacturing pig iron: a new line OF
road is being built from Richmond TO the
North Carolina line to form a link in a
new southern trunk line: railroad terminal
improvements in this city 10 cost millions
are under contemplation with every
promise that work will begin in q few
months; the shipyard at Newport News
Is working on fun time; railroad enter
prlses and other great woks are under
construction in the Nofolk section; Dan
vile reports the development OF a new
water power. and the beginning of sove-
raj new industries The same sort OF re-
ports of industrial activity come from
the Valley and there is general awaken
ing throughout the length and breadth
OF the Ola Dominion.
And still the calamity shouters are
keeping up their cry and. pitiful to relate,
they are saying that all these things are
due to speculation IN Wall street. or are
but the temporary results OF our war
with Spain. Instead OF trying to make
the people feel better. instead Of trying
TO build up public confidence. instead of
helping along the good work that has
begun. they are absolutely decrying
prosperity and doing all that In their
poor. feeble way. they can do TO keep
down the boom that is over-shadowing
and retiring the silver issue We say
that they ara making poor spectacle
OF themselves, and in their hearts they
must be ashamed.
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