The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1904-01-27
CONDITIONS ALL RIGHT
Observer Tells why He Thinks
Morgantown is o. K.

xAOf dnkOWtll 10 ~. n
some OF the Factors in Her Growth
and Development Future Holds
Ont Premise-Whele Country is
tisiBg 10 be Happy Next iear-whst
He Thinks.
To the Editor of the NEW DOMINION.
A very timely article appeared in
the New DOMINION of the Goth, for
the betterment and continued growth
and prosperity OF the rapidly growing
city of Morgantown All of the
points were well taken and founded
on facts. Rents, cost of living,
fbuil ing material, and per diem OF
labor must he reduced in Morgan
town, and if all will JOIN hands to
that end. and do 1t, when spring
opens, Morgantown will blossom as
the rose, aud march forward with the
steady advancement she has been
making in years past, that in few
short years brought her from viii
lage OF 100 inhabitants to a growing
m .nufacturlng and thriving city OF
over 10000 population. What has
made Fairmont and other large West
Virginia towns, their coal interests,
has not been touched in MonongaIia
farther than to make a start. 1t now
looks like several coal Operators
would start up in the spI...gg. and Mr..
Eikins must have an outlet for the
NJ. & X. railroad other than the q. &
o., and it will likely he extended
both ways and possibly be made a
branch OF the Wabash system. l
might mention other local prospects,
but what about the National outlook,
not only for Morgantown, but of the
United States, for 1904, which inter
ests all? The editor of American
Investments, a journal published
monthly in Buffalo, New York, and
m its fifteenth year, looks the whole
American nation over and says:
Looking over the business condi-
tions that are likely to prevail during
1904, he would be wholly without wit
or sense who would not conclude that
there are scores Of reasons why this
should net be even much better
year than 1908. We have that rare
and powerful combination, good crops
and good prices. There is more
money per capita than at any time
in the history of our country, and
quite enough for all practical bust
ness purposes. Two great canal
propositions are to be begun-the
Panama and the enlargement OF the
Erie-involying the expenditure of
millions. The st Louis Exposition,
the greatest affair of its kind and in
all probability the climax of the
exposition movement throughout the
world, will give our country a great
tonic in. every way The annual
production of gold with foreign i'm
portations will more than meet all
demands for expansion of business.
The lower price of building materi-
ais (Which hasn't struck Morgan
yet, but must) will have tendency
to start up building operations. The
West has never been in such a con-
dition as it now is, with it's product
i've crops, plethoric bank accounts,
paid debts, and general prosperity.
The South is waking up in great
shape, having on hand great cotton
crop and greatly increased mineral
productions. The other nations OF
the earth still concede the superiority
Of Yankee skill, ingenuity aud econ
omy. The credit of our government
was never better, and if disposed
| could borrow to the worlds limit to
lend. The generally low prices of
securities will cause an activity in
buying that will operate to establish
confidence in the stability of our
properties. The railroads are still
groaning under the loads they are
carrying, and MANY feel the neces-
sity for larger equipments. The
present financial system or plan OF
our country. while lamentahly def
cient in elastic qualities, having been
amply solid to bring the country up
to its present great state of prosper
ity, can be accepted as sufficiently
good for future purposes. The large
increase of bank clearings IN those
sections of the country which origi-
nate our wealth, and the decrease in
those sections that play and gamble
with it, is most encouraging omen
for good. The gradual and certain
advancement in real estate values
means the appreciation of the most
stable security the earth affords. "
There is much more, but isn't the
above enough to put a quietus on the
bowling pessimist?-and TO make
everybody happy and thankful? We
certainly think so. The only things
we fear are the labor troubles and
the men losing their heads and
hearts over an Unsuitable desire tc
get rich quick and do their trading
on wind and water.
Everything looks bright for 1904
for our whole nation, and if Morgan.
town isn't ID the front rank of pros
perity, it will be the fault OF her own
citizens. OBSERVER