The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-07-05

The decade from July I. 1897. to
July 1, 1907, was the best 10 years
for business that the world ever ex-
perienced.
The prosperity and the advance
ment to closer relations with other
countries was denied to no nation
upon the globe.
Not a province on the face of the
earth but seIt the stimulus and benefi-
cent effect of the increase in the vol
um of the worlds currency On every
coast of every ocean; from mountain
crest to the depths o. the pearl and
sponge fisheries; from Nome to PUnta
Arenas, on the American continent;
from Nova Zembla TO the Cape of Good
Hope. from Siberia to New Zealand;
in every latitude. in every cline
through all the habitations of men,
that decade was the most wonderful
of all decades IN its Improvement OF
the conditions of human existence
The nalt all along the line ocasioned
| by the too rapid pace in the United
States was but of brief duration, and
now that the period of marking
time" until the arrival of financial re-
endorsements is ended the United
Stats is once more leading the van in
the RESUMED march to still greater ag-
ricultural, industrial, commercial and
financial achievements. Every day
since April 80 has witnessed more
| railway cars in operation. and in the
two weeks ended June 10 upward of
10000 cars were added 10 those al
ready employed, and with each week
from now on thousands more of the
idle cars and coaches will be placed
in active service. The crops are
| doing splendidlX and bid fair to go
far beyond years of average produc-
ton We will have great quantities
of all the staples TO spare TO the Cor
eign countries, and. most fortunately
those countries are well supplied with
| the cash to pay for our surplus The
holdings in cash Of the great banks
| in EUrOpe-thOse of England. France
and Germany-are record breaking in
each OF the three countries. while
| the financial conditions of the usually
absorbent countries, including Egypt
| Argentina and Brazil, were never so
good in their history. The Golfers of
the world are overlooking with money
and the production % new gold, swol-
len already beyond all estimates or
records, continues to increase with
very month that passes
Financial articles speak of $4,000
600 in gold which we have sent to
Europe since last October. but in the
same period our imports Of gold from
| Europe were nearly double that
amount and our own production of
new gold from our own mines In the
same period has far exceeded all that
we have exported. Money is a drug
in Europe today and the cash is
| ready TO pay for the crops we raise
mere Europe can give us in payment
OF our surplus production $500. Doc, 900
IN gold during the next twelve months
and at the end of that time by reason
| OF her treasures ,faily produced in
Australia and Africa will have more
| gold than she has today During this
coming year we will have millions
| OF EurOpes gold added to our own
one hundred millions <rom the mines
of the United States Our railways
| viii be busy with the crops. and with
| the renewed active demands of the
! iron, the steel and the coal trades
| for transportation of new supplies and
| new products Every man that wants
work by next September can get It
and every merchant and sbopkeep7r
| VIII De gladdened by the restored pur-
CHASING power of the community in
/ which he does business Not ONLY the
| United States but all countries are in
| full tide for still better times.