Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1899-08-25
REVOLUTION IN FINANCE
What a Leading Authority Says
h of American Prosperity.
AMERICAS CERTAIN SUPREMACY.

The Great Prorreaa of the Last Three
Tears Leaves No Doubt of It-Foroes
That Have Contributed to This Great
Reault-Number OF Business Failures
Steadily Din,iniahing.
The eyes Of the world were turned
in scorn upon the American people
from 1893 to 1885,
A great nation, with wonderful re-
sources and an intelligent active and
industrious people, seemed to be in a
state of business collapse, and the foes
of Republican institutions in Europe
pointed to the paralysis of business
Gonditions as proof that our system
OF government was failure.
The eyes of the world are again
on the United States, but the look of
scorn has given place to one of un-
bounded amazement.
! Last year the United States sold to
ahe other nations of the world the tre-
mendous sum of S530,000,00 more than
IL purchased!
That was the net profits of the Unit
ed States for one year, as shown by
ahe official figures Of our foreign COM
merce. In 1893 the trade balance in
our favor was even larger.
? Over 81, 1000, 100000 to the credit side
of the ledger in two years, to say moth
ing of the tremendous sum spent by
2he people in the increased comforts
and luxuries of life.
The world begins to realize at last
Nhat the commercial and industrial
supremacy of the United States has
come. London bankers reluctantly ad-
init that New York is today greater
money center than the English me-
tdropolis.
!. The American people have been so
busy during these years that they
hardly appreciate the magnitude of
what they have been doing.
/ Some Democratic calamity howlers
who have not yet learned new cry
since 1896 still insist that prosperity
has not come.
j Let them explain what the tremen-
Edous balances of trade in our favor
mean, If it is not prosperity
Why is 1t that the business failures
2or July, 1899, as shown by r. G. Dun
& Company's authoritative report,
were fewer in number and smaller in
che amount involved than for any
month of which there is any record,
excepting only May of the present
year?
Why is it, If the prosperity McKin-
ley and the Republicans promised, has
not come, that the Bank of England
today virtually acknowledges that it
will have to lock to New York for gold
when 1t needs to increase its reserve?
Why is It that practically all the
gold produced in Australia, England's
great antipodean colony, this year,
will come direct to the United States
60 settle England and Australia's bal
ences of trade?
Jas r. G. Dun & Company, one of the
Beading commercial authorities of the
world, says in very interesting re-
sumo: This describes a revolution in
finances not unlike that in industries" !"
b. The people of Ohio will say in Mo-
Nember whether they endorse the pros
perity the election of Mckinley has
Brought and want it continued, or pre-
fer to take the chances of turning their
backs upon the party which has
Brought this about by voting the De-
mocracy into power. The campaign
Rhis fall will be the preliminary battle
In next years presidential canvass,
and the people of Ohio will indorse
their favorite son, the president, and
mis- work, in an unmistakable manner.