The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-09-16
PROSPERITY STILL RE|CNS
Democratic Efforts to Breed Dstrust Have So
Far Proved Futile.
REBUKE FOR The CALAMITY HOVvLERS
Railway Traffic Is Heavy, New Factories Are
ie'ng Erected, and iron and Steel Mills
Are Crowded with ORDERS

.nr IN effort on the part Of some
i}cnpc tic newspapers and few hlat-
AMI orators to create lack of confidence
i'll the public mind by saving the com,
try is going to the bad; that great in
huSlries are shutting down; that the
railways are rctrcnchng, instead of inn
proving roadhcd and equipment; that
no new factories are being constructed
that thousands of working people are
idle and that Republican prosperity is
a myth. These stan emcnts are 50 pal
pnbly false or 50 greatly exaggerated
that intelligent persons are not mslcd by
Them but there is danger that when the
canards are reiterated by the calamity
howlcrs a few people who do not keep
closely in touch with industrial and com
mcrcinl conditions may be led to believe
them.
Any man or newspaper that dcibcr-
ately attempts to create diStruSt in the
financial or commercial world is little
less than criminal. Some States have
punitory laws framed for the purpose
or sending to prison persons who circ,i-
late untrnahful rumors about banks and
trust companies. If the man who causes
run on bank by spreading false
report is Il criminal. is not the man on
newspaper that attempts to make pohti-
cal capital by destroying public conf
dcnce also n criminal? And, by the same
reasoning. is not the party that permits
or Endorses the utterauccs of the calam-
ity bowler and sprcadcr of false rumors
an enemy Of the law?
What Is Possible.
4 Suppose the Democratic party won n
victory at the polls through destroying
confidence in commercial and Industrial
circles. would the administration of that
party have the confidence of the people
Would not capital, which is always timil
i'll the face Of uncertainty, begin to hide:
And when capital is distrlstful what
happens? Industries lag or close. trade
of the retail merchant falls off, the job
her and wholesaler suffer. railway traf-
tic diminishes, hundreds of thousands of
wage earners are thrown out of work,
distress becomes general, soup houses
are opened and cities are compelled to
begin charitable works for the idle.
No political party that countennnces
the creation Of distrust is worthy of the
peoples confidence. 1t will be sorry
day for the country when the calamity
howlers succeed in reversing those bencn-
cent policies which the Republican party
has put into effect and which have re-
suited in an era of the greatest pros
pcrity any nation has ever known.
That industries and business of ali
kinds continue to prosper there can be
no doubt. The few strikes in the build
ing and other trades are not Indicative Of
depressed conditions. Wage earners do
not strike i'll times of panic or waning
prosperity. Strikes are generally for
higher wages, and no toiler expects an
increase in wages when work is scarce
and thousands OF his fellows are idle
There is ample evidence that prosper
Gus times are still With us. A glance at
the newspapers, Democratic as we'll as
Republican, shows that millions of dol
lars are being expended in building new
factories and cnlarging old ones. in con
structing new trolley lines and improv-
ing the roadbed aud equipment of steam
railways.
More persons are employed now than
ever before. AS proof Of this statement
take, for instance, the RAILWAYS. whose
traffic always is a reflex of business
conditions generally. The number OF en-
ployes on the pay rolls of the railways
in the United States on June 80, 1903,
was 1,3l2,537, or G39 per 100 miles of
line. These figures, compared with those
of 1902, show an increase Of 123, 22222. or
As per 100 miles of line.
A summary of dispatches taken from
the Boston Evening Transcript the
Pittsburg Dispatch and other reputable
newspapers in the last five days is here
given:
Steam and Electric Railways.
New York 1.-Two million is tho estimate
Of the cost of The steel rails wanted by
the Grand Trunk Pacific sponsors for 1905
delivery.
Kansas City.--onc million dollars is to
be spent by the Chicago, Burlington &
Quincy Railroad Company in the develop.
ment Of holdings In Clay County, Mo-, OPP
Jackson, Miss.-Three hundred and fifty
thousand dollars will be spent by the Coast
Electric Railway In constructing n line
from Henderson Point to Point Cadet.
Pittsburg.--The Baltimore & Ohio will
spend $ao,O0 In improving Its passenger
station Mt. Baltimore: the Wabash Pitts
burg Terminal is erecting $4,000 freight
:. Alamogordo. n M.--Thc Ell paso &
Northwestern Railroad is building nifty resi-.
de n. at Alnmoso,rdo for employees.
hesn ahdsd iarSH etomotiyes have
ton & MIME Railroad equipment
Sinton, Tex. Work commenced on the
st. Louis, Brownsville Il Mexico Railroad
which Is to extend through San Patriotic
County.
Pittsburg. Pittsburg railroads are In
creasing their coal and cattle car supply
The Baltimore & Ohio Is in the market for
1000 gondolas and 300 refrigerator cars:
the Wheeling 4 Lake Erie has ordered /, 900
wooden and 500 steel ears; the pittsburg
Lake Erie has put into service 1,GGu new
steel cars.
Burlington. St.--At II cost of 5000. oSo the
Central Vermont Railway viii construct n
branch line from Bethel to the newly de.
yeloped granite quarries three miles from
Bethel.
Butfalo.-sFhe Lake Shore intends to re.
sumo four.trackins the road from Buffalo
to Chicago
Wichita, Kan.--The Frisco line is recon
structing its track and roadbcd between
Wichita and Ellsworth, giving employment
to several hundred laborers.
Pittshnrg.- Union Switch and Sig
nal Company reports that the new orders
booked fo" August exceed any other month
Of the year
Chicago. Western railroads brought
to Chicago last week 5.205, 900 bushels of
grain. showing NJ, increase of more than
1.o0O,Ot9 bushels over tile grain traffic in
the corresponding week last year.
New York, The manufacturers of ma.
chine tools report that there. is a decided
improvement In the demand from the rail-
!rands which Rre repalrng their rolling
stock.
heY xerl- Fight million sollsr VIII be