BUSINESS STILL IMPRDVIKE
Fresh Evidences of This Come
from Every Part of the
Country.
Democratic and Republican Journals Vie with
Each Other in Assurances of Return
ing Prosperity.
A Most Gratifying Collection of Hopeful Expressions
Gathered from Various Reliable
Sources.
No publication within the last few
weeks has attracted more attention
than that furnished the readers of this
paper early last month, showing a
marked improvement in business con
ditions throughout the country. This
was evidenced by a collection of state
ments on this subject from scores of
newspapers of all political parties, and
from all parts of the country. The
evidence of general and widespread im
provement was so plainly shown by this
and so much a subject of gratification
that we present herewith another in
stallment of expressions of this char
acter, gathered from all sections and
from papers of all political shades of
opinion:
The Prospect Brightens.
Either because the business men have
taken heart from the comforting assur
ances of Secretary Gage and the reason
able certainty that a new tariff law will
be in force within a few weeks, or be
cause better times had to come in the
natural order of things, there is a definite
and unquestionable improvement in the
business situation. There are so many in
dications of this in so many quarters that
It Is idle to deny thnt a change for the
better is taking place. There are indus
tries which have not revived as yet, but
their turn will come. There are some
which always lag behind in the proces
sion. Chicago Tribune (Hep.).
Good Plrns.
Thnt business Is getting better Is evi
dent from many signs. The financial re
views and commercial agencies publish
reports from ail parts of the country
which indicate this. The reports of rail
roads show increased earnings over those
of the same period last year. Another
Significant and hopeful sign is the fact
that the money now in circulation in this
country Is f i;iS,149,G12 more than the cir
culation one year ago. the total amount
In circulation last Saturday being $1,
659,733,605. The absence of speculative
interest is not an unmixed evil. It indi
cates that what improvement is taking
place in business is healthful. Atlanta,
Journal (Dem,).
Plow but Pnr
A slow but steady gain in harness with
d advance In prices, an Increase in the
number of hands employed and growth of
new orders, and an increase In the amount
of work done are pointed out by "Dun's
Iteview" in its last issue as a renewed evi
dence that business Is improving. A study
of the newspaper sentiment of the country
expressed in the publications of ail
sentiments shows a concurrence in the
belief thus expressed that there is a mark
ed and general improvement in the busi
ness situation.
Pdtverltee Are Hnmh.
Trices cannot rise so long as the gold
tandard obtains." That was the asser
tion made with endless persistence by the
silver ktandard orators and newspapers
last year. Tb basal proposition of Mr.
Bryan was that commodities could not
reach higher values save through the free
coinage of silver. What do we now see?
Wheat has advanced, lo the face of re
ports indicating tremendous yield this
summer, la the graxing regions sheep
have nearly doubled in price since last
year. Wool has gone tip fifty per cent.
The cattle market is good. In the general
market there Is an upward movement.
The impossible has happened, then. What
do the free coinage advocates sny about
the condition that now confronts Ihero?
Precisely what anyone would expect
them to say nothing. Cincinnati Tiuies
btsr (Hep.).
Fa'th la LnoVIng Vn,
According to Iun & Co., the business
fond i ti.in are gradually shaping them
Ives about the same as ihey were in
1711. Just previous to remarkable ad
vance in business pririty. This view
may be of the roseate order, but It la based
on facta and figures which the able re
porter thinks Justify tt. It teem a allium!
Incredible that the volume nf bin1 no
now larger thnn it was In lVl'J-the y,nr
cf greatest prosperity ret such L the
verdict of Pun & Co. lint the volume of
profits is niucb smaller, making the vol
ome of proierilj rorri-mtiiiing:y les.
A very large share of the present tolunie
of business la the importation of foreign
goods under free trade and low land
'schedules. This harms rather than helps
American enterprise- and the labor there.
In employed, or which ought to he therein
employed. We may do a tremendous
business In flooding our markets with
foreign goods to the Hrltis.on of the pro.
duds of cr own labor, but there is Do
prosperity lo our country In that kind of
business. Cast uiontli't record of hosi
area failures is det i.Jedly encouraging,
showing, as It does, a Urge decrease in
comparison with previous and correspond,
itif months.-Detroit Journal (It. p ).
dsns f Cheer.
The business sentiment Is nndouhtedly
arrog-f. There are many reason f,,r
hopefulness. Not the lesat lmi.nti re
cent happening h ben the assurance of
rWcreary Csge thst the FraWal admitils
trstion would not forget the "mandste of
tbe people, bo voi-e la behalf of bon
es money and sound finance rang out
tutid and clear la November last," Cur.
rmf ttefwrs la viuj u b aa.se scur-
ity: and It Is helpful to confidence to have
official reassurance that tariff tinkering
is not to be the last of administrative ex
pedients, for the removal of business dis
trust and depression. There are other
grounds for commercial cheerfulness.
Business failures are lessening in number
and importance. Commercial loans are
expanding; bank clearings are increasing,
and the transportation companies are
earning more money. The end of tariff
uncertainty is drawing near; the impor
tant crops all over the country give prom
ise of abundant harvests; productive costs
in the great industries have boon crowded
to the apparent minimum; there is less
reason to fear further important price
shrinkages; the storekeepers' shelves, as
a rule, hold no unwieldy accumulations of
stocks, and labor is- becoming more gen
erally employed. These are favorable con
ditions for a sustained revival of busi
ness. Philadelphia Record (Dem.).
Petter Times in the West.
Mr. E. V. Smalley of St. Paul writes
to the New York Kvening Tost the results
of his observations on a recent trip of a
month from Chicago to Portland, Oregon.
He stopped at various points on the way,
thus gaining opportunities to gather re
liable information concerning the business
conditions, and his conclusion is thnt
trade is everywhere improving not much,
but to an appreciable extent. The rail
roads, he says, report a net gain in re
ceipts from freight, but none worth men
tioning as yet from passenger earnings.
Bank deposits are increasing and collec
tions are easier. People are paying a
little on their old debts carried along from
boom times, and there has been a great
deal of liquidation from foreclosure. All
the solid industries are doing fairly well.
Prices are low and profits small, but the
close economies practiced enable projec
tors to come out a little ahead.
Improved Trade Conditions.
The mercantile reports for the past
week leave no room for doubting the fact
that signs of marked improvement in busi
ness conditions are discernible on every
hand. The unexpected progress made by
the tariff hill id the Senate, with the pros
pect of Hn adjournment of Congress some
time in July, together with the optimistic
speeches of Sccretury Gage, in which he
gave the country assurance of ultimate
relief from certnin admitted defects in our
financial system, have all combined to
make the trade record of the week a most
satisfactory one. That the hopeful and
encouraging utterances of the President
and his Secretary of the Treasury had a
marked influence on trade conditions was
evidenced by the increased foreign de
mand for American securities. Chicago
'iTuiea llerald (Iud.).
Rnslness Fltnat'on Better.
There is no longer room for question on
the proposition that conditions In the
world of business hnve improved. While
there may still be found Isolated case
where the return of commercial activity
has not yet broken up the long spell of
stagnation, such cases by their rarity are
but the exception to prove the rule. Bet
ter, perhaps, than the actual Improve
ment, which can be reduced to figures by
comparison with the past, is the general
belief that business has not only Improv
ed, but that the Improvement Is lionnd to
continue. President MeKiuley and See.
retary tinge touched the keynote of this
sentiment in their recent notable utter
ances. The far-reaching effect of these
speeches became evident when advices lie
gan pouring In from abroad to the effect
that American securities were In strong
demand. Foreign capital, keenly anxious
for the right moment to arrive, has seized
the opportunity and in a measure led the
way lo a prai-tic.il demonstration of reviv
ed confidence. The enhanced value of all
securities quoted on the Stock F.xch:in?
Is but a barometrical Indication of this
altered condition. I!cprts as shown by
railroad inniing still hear witness to the
growing Increase of trade. Individual
lines of business, t o. almost without 1 1
ception, acknowledge the same slate of
affairs Not only is this manifest in the
larger manufacturing Industries, such ss
clothing, hardware and hoot and ,,, a.
but the nmre limited branches d pendent
entirely on the general iroM-rity of the
commercial world report a gratifying in
crease in the volume of tiuaincM on which
estimates art aked. -Chiiao I'ost (Iud.).
A Gool K simple for the I'enpto,
Among the solid facts on which rc
talions may be based are the Hnlter.n
rri.p prospect. President II 11 of the tirest
Northern Is quoted ss predicting that the
wheat fields cooiriliutory to his Inns will
furnish !UHUl bushels of gram this
season for transportation, ami the mat,,
Biicrs of olher lines contribute equally
favorable Information. The Johncr say
that the supply of manufactured good,
which msy I counted among f, f,ri.r.
sri.-s of bf is generally exhausted
i throughout the country, in I that the pm.
! i.!. must bur and the mills in ii si p..
operation to meH the demand, which w :
bring Into circulation the tii,i ions f ,,,
Isrs tint hae been boarded through the
hard ti oes. It would be Well ,f ;
p'e. everywhere, would imitate the i li... r.
fill and iipuii s'tc tone of the Pn s,,enl
sud niro.twrs of his admin stfVloii,
let tin hi wilhdiaw their gnu i en i1...
irk ai d gl'H ii.r a ! t tip n w h,rh it Ins
dwell for seiitsl jesrs p.isf an I In'.. in iv
themselves to Souk trig .po the lr .-nf ..
of lUiii.-s It Is Well kbowii tiisl almost
iky Biii in jvJ Ua.b uLt b u,i I tj
iiAi-e.
i t
THE
THE Interior Department Building, a view of which is presented herewith, is one of the Interesting and always sought
after sights in Washington. In it is located the Patent Office, containing the models -which the Government re
quired for years should be furnished with applications for patents. The accumulations of these interesting and in
many cases curious models for proposed machines form one of the most unique museums of museum-filled Washington,
for po city in the country has so great a number of museums as the capita! of the nation.
The Interior Department Building is a large white marble structure, covering two entire squares, extending from
Seventh to Ninth streets and from F to G streets. While in its construction little attempt at ornamentation was mnde,
its plain and severely classical exterior always attracts the attention of those who are so fortunate as to have the oppor
tunity of studying its architectural lines. Within it is a busy place. Its main floor is occupied, first, by the office of
je Secretary of the Interior, Hon. Cornelius N. Bliss, and adjoining this the offices of the assistant secretaries and olhers
of the Secretary's personal staff. The northern front is occupied by the officials of the Tateut Office, and nl the northwest
corner is the office of the Commissioner of Patents, Hon. Benjamin Butterworth. Stretching down the western end
of the building are thqfoffices of the Division of Public Lands, and in the southeast corner are the rooms of the Commis
sioner of the Genernl Land Office, Hon. Bi nger Herrmnn. formerly member of Congress from Oregon. Those are always
busy rooms, for there is from morning till night a flow of members of Congress, attorneys rnd others passing in nnd out. in
teresting themselves in matters pertaining to land claims and the distribution of public lands to those who are establish
ing homes in various parts of the country. Ppon the floor above is the model room of (he Patent Office, which is always
the subject of much interest. The Pension Bureau, which is a part of the Interior Department, occupies, as is well
known, a building erected exclusively for its use, which is located only a couple of squares away from the "interior De
partment, and connected by telephone and other conveniences, making it practicable for the officers of the Interior De
partment to speak with their subordinates at the Tension Office at any time they may choose.
if, his friends, through a concerted move
ment, were to make a point of telling him
every time they met him how sick he look
ed. The imagination is a powerful motor.
When everybody one meets talks of hard
times, a tinge of melancholy is created
which overspreads the whole community.
This cloud can be dissipnted by cheerful
talk and by considering the really favora
ble factors of the situation. Minneapolis
Tribune (Hep.).
The Rrlahtenins Outlook.
Democrat and anti-protectionist though
he is. Senator Gorman is too good a poli
tician and too shrewd a business man to
maintain a hopeless resistance to the Re
publican tariff bill. There is new hope In
this for every legitimate branch of busi
ness. It means that it will not be neces
sary to wait until autumn to get a taste
of better times. It means that the new
tariff will have a longer period in which
to work out its results and vindicate itself
before being put to the test of a congres
sional election. This prospect that the
new tariff will go into effect with the fiscal
year is a bad thing for Ilryanism. but It
is a gnod thing for the merchant, the man
ufacturer, the farmer and the wage Burn
er. Boston Journal (Kep.).
tTninistnknhl" in.
There are unmistakable signs of a re
turn of prosperity in the Iron and steel
mnnufneturing centers of the country. In
the opinion of (he Cleveland Leader. All
around Pittsburg there has been a re
sumption of work In most of the mills and
factories, and the same reports come from
the Industrial cities of eastern Ohio and
western Pennsylvania. There was a re
vival just after the election in November,
due in the ninin to a restoration of coiifl
demss, but the people were not fully pre
pared 'or a complete return to commer
cial and industrial activity. They hnd
felt the effects of the depression too long
to recover from it suddenly, and it was not
to be expected that building enterprises,
which are the surest revivers of business,
would be undertaken at the beginning of
winter. With the opening of spring It will
be different, however, ltig projects which
have been delayed by (he panic will now
be pushed as soon as the weather permits
aiol before the lirst of April there is cer
tain to tie a distinct Improvement iu com
mercial and industrial conditions.
Kverv 1,'ne la I m (irov'n-r.
One of the commercial agencies calls
attention to the fact that there is a re
markab'e similarity between the course of
pr'ocs now and in the earlier month of
IS"'.!, "when the most wonderful advance
in production and prices ever known In
this or sty other country was close at
hand." In that yenr consumption gradu
ally gamed, month by month, until sud
denly the demand outran the supply. The
Iron industry I expanding Its production
and is getting Inri-er onl rs. The pr.ee
received are not high. Neither are the
wages which are paid. I'-nt there i em
p!otncnt for nun who were Idle last year.
The manufacturers of woolen goods have
Increasing orders, lee,rt come from ail
parts of I he country that the retail dis
tr. billion of product is unusually large
and tiM-rcAsing. Al this in-itn.-nt the vol
ume of business transacted la larger than
In the prosperous year l'.i'J. Before many
weiks lie e'aped the toium u ,11 be
very tuuib larger. Cbiisgii Tribune
(i:pb
Most Oral frlnit Change.
The aunt gratifying chanie spearing
in financial nri lee Is the evidence of In
creasing commercial dmiand f,,r loan.
The bank sta'enienl showed sri increase
In the h.an it. tn of I. IKMMi, at.d It is be.
i,evcd "list inosl of this an tnn le up of
mercantile '!,sci,hi.u. the linpiiry for
Which last we.k an reported by the
hank a larger than for ever month
previoll. 'It"" must r, fleet InrKif busi
ness, but a JH the to w 4,u -unlit it, t ,
done more large'y for com erus In ml n.
(...ls than for n.anuf.i' furerr desiring
to niske i,;i new ' k. Shl. li of ih liier
centre d mst'd for money mini a from t),
country ill the slmpe of noli ,,f ho lies
ni t u w ith the eiidof no t, ,,f interior
bi.k. and p" siin.nl.iy much of lies p
-r is made f s.i.it Imported g ! m Im Ii
Nt vik lias been 'srrj 'g, tut aiwli
w
iW5T3es.t
lair 1-
INTERIOR DEPARTMENT.
are now being distributed through the
country to those on whose orders they
were originnlly engaged. New Yolk Com
mercial Bulletin (Dem.).
Basin for Confidence,
The general symptoms developed in
Wall street during the past week have
been the most hopeful features witnessed
for many months past. Without any spe
cial stimulus or speculative effort, there
has been a marked revival of buying oper
ations and, with few exceptions, an ad
vance in prices. Also, it is a notable
symptom that several persons of emi
nence and directly in touch with the farm
ing interest and the larger industries have
simultaneously expressed their views an
the business outlook In unexpectedly hop.
fill terms. Mr. Thomson, president of the
Pennsylvania Hailroad; Mr. Gould nf the
Missouri Pacific, Mr. Chatincey M. De
pew nnd Mr. C. P. Huntington, who are
among the foremost representatives of the
railroad Interest In different sections of
the country, have uniformly expressed
anguine expectations as to the general
outcome of the harvest and the prospects
of busines at large. Similar estimates of
the drift of the crops and of business have
lieen made by Mr. Andrew Carnegie. Hon.
Ibiswell p. Flower and Mr. Hill, presi
dent of the Great Northern. Such a body
of opinion, coming from men possessing
the best source of knowledge as to condi
tions and movements, constitute a basis
for confidence which entinut be disregard
ed. Weekly Financial Kevicw.
Imirnrmcnt Will f-nrelv font'nn-.
Some a'ress is laid on Former Post
master (ii tiera! John Waiinmaki r's state
ment that "the country is not prosperous,"
nnd that "since the outset of the last pres
idential inmptiign the party pres and po
litical leaders generally fixed the Novem
ber election of 1MMI us the date of the be
ginning nf g.Mid times." And the stutf
nient follows tl.nt "thus far but one of the
Important issue of the campaign is near
lug settlement and hardly any improve
ment of the w retched time is manifest."
Mr. anaiiitiker draws erroneous eoiiclu.
aions. No man in the country who was
n all conversant with the trend of limi
ne affair thought for a moment that
good times could be made lo come Instant
aneously, lint what did lake place Im
inediatclv on the e'ection of Mr. MeKiu
ley was ;he Immediate restoration of con
fidence ami the return of vast numbers of
workiiigincn to the avenue of labor an I
trade. CradiiaHy, but surely, business
ha I n growing be'ter. and the country
only a nit the pns.nge nf the tariff bill to
e down to a development of Ihe niaii'i-f.'M-tiir
ng resource of the country, which
will Hiiiinlnt ollor business.-Buffa u
Ns Mud ).
I nt cursvlnu ft vr'allnns,
The Investigstii.tis of the Hon an nf f..
l or of thi State a to the indiisir al con
dition In ihe three pnio ipiil citu hare
r suited in some verv em rug ng revt-'g
tioii. It appear that the tide of pro.
rity for whi.-h nery one hn en so
long w aittt g ha uiet'ya bis n rising, in
aplte of assertion to the contrary, Tli
investigation nf the bureau, cotnplet.
only for Doluth. show ll ai In tint! city
there I a te lin ri ae of i.'7 - r cent m
the mi miser of emp'oje owr Ihe number
iiipioicd al praetl, y ,, ,, (
!sf icir. So tar as the invratittatlon in
St. Paul an I iiiroapolis haie ip.ne, it ,
!!id Ihe p n eiitasre nf n,,ri
fully a gri n! a in Duiuth. "m h a in,
ter al increase Is not only enci rug ut a
ahowmg an litcn a-d demand f.,r itinti i.
faetiind ar!, li-s. Im t tt i an ,..-r ,
nf an linfi as. d demand f.,r produet of s I
k icls, sod more Important u li, a rrr,nii
promise thnt ijeluaiiil will I I. hi hut. !,, (,,.
rriase. Atniosl ry immif netur.iig !(
dus'ry In Die S'a'e his found il noes.
srt to ito reass- ihp n'ttnln r of oM-ra!,r
-St. Paul I'.olner I'na ild-p,
l'.r Man lefts It.
There I rot a progress to (, nesa man
la ban IVj w !,o d s i,.. fi , I oeee
rhaerf il over pns.nl oiiSitiot, nd f,,.
Inr pl.s. ts than b I ss ( .1 f,.f mil y
!'. His (till tinj.il.il ri" i-gli tr in
the uioeii, -nt - tt Is I . i r i tn. s is a ,
nn br r, Hot by f.s,ii f Mr. M, K.h
M I tieiUuU Ht iiilj.i wf lUt 1 I .ti f
; .0 --s.ij.T'-n
lit I
tl
I (T2 r
bit as m nj---f sa
- l
a new tariff law, but because the nntural
forces which control trade nre moving in
thnt direction. There is everywhere a dis
position to hold on to property In place
of the inclination prevalent for several
years past to sell. The shrewdest money
makers In the country are seeking invest,
ments. They are not liquidating. Un
forced sales are at an end. Here and there,
in spots, business records nre ahead of
any previous reports for years past. Bank
deposits are increasing because the net
profits of trade and industry are growing
and not because people are pulling idle
money out of hiding plnces and putting it
in bauk.-Kansas City Star (hid.).
TniprnTed Tondltlo-i of Trade.
There is no doubt of a change for the
better; petsimisls may doubt and parti
sana may swear, but the first wave of the
returning tjdp f prosperity is seen and
felt. The failures during May, 1.SH7. were
less In number than In any one of the
twenty-one month Immediately preced
ing It; the ensh responsibilities of the
firms and persons failing were less titan
in any month since September. lS'.ll. The
volume' of biisiness-ineniiiiig the weight
in tons or measurement y yards -of
goods sold In May, 1V.IT. was equal to
that in the phenomenal year ISlrj. Hut
the volume in cash was fur less; we still
are in the era of ruinously low prices
that paradise ,,f "cheap commodities for
the workmen" (0 which the Democrat In
vited us to enter, ami into which, unfortu
nately, we did enter. And iH-cnuse the
prices of things thnt are sold nre low the
wagia of tho-e that make them are low.
I. nt there are not nearly so manv idle men
m May. 1.SH7, a in Mav, 1MM1. M,,re
linos and factorie are in o ratioii now
than then The demand for labor In-
reas, , pcrceptibly.-Chicagu Inter Ocean
(I. (p.).
M-adv r.n n 'n liua'-esss.
The gain in business continue, not
w ithout fluctuation, and at the best mod
erate, but yet distinct. It atilt In ,,nn
ttties rather than price, although In some
branches an advance in pricm pp, r mt
on the whole Ihe number ,,f hnmU em
p'owed, the volume of new order aJ
Ihe amount of work done, are slowly in-
r.asmg. Pro-peel, nf .., ,-,, ,,f
wheal and corn help; growing ib-uiand
from dealer, whose stoik gradually
gainihg coiisiitlipl on dep'ete a 'so helps
ami in the money and etehang,. market
large buying ,f American securities ha
an InflueiH-e. Money coming hither from
the West even a late as .Inn, )i
great crop near al hand, in.l.catea a
healthy condition at the Wi t. Inde i
lions of the volume of bustue. Br,. .,!,,
in ( learn, g house e.ianges. nhi. l, ,
the week nee.d the Inst year's l 7 r
'lit. and In railroad 'armngs. w h , ,
amount in t!,P I . si-,,-, , a''oi. ' i
H!l.7"iS.Pi7 r,n ron. Is npoii.d hr Dn-i's
lievtiw for Mar. .'!..'! r..nt l(l(i.,.r ,(,
In.i i ir. .11.-1 ..'I p.r . .nt t.irw, r th.,i, ,
lV.fJ - Waali.tiion pt ill, .,, ).
Nearle I s tn the ,,,,,f ,,,
Tli Volume of actual Ir.ni.a.-i j.o,, , n ,.
Ill :ue a t. n'h amiiller th in ,t (
Ihe yiara of Ihe tr. ste.t pr.)N r.lv , n r
aili.ne.l in ihe I tiiti-d Stfti,,, al-h,,,,-.',
Ihe ..l,,. of p,i,u. 1,1. p'r. .'c'7.
a nin. h l.m,r nn(i f pr,,c -j j, , t,
rea-, whither hll'e Ho Im r ', ,
gr.a-'y i - r.cr,n, .. , j ( r
paral) s,, Wl.aiMer e;.e o,,, ,,(
reason . i d of the il i ,' B
..f in.ln.tr nl lu-Mii), h ..ltl,.i . ., ,(
that I. is to .s Is para ) t. , !,, ,, t
nits of a I rai'r.mils n ported ff M
only 1' ,'t p. r . i,i .u.n ;. r tl.ati u, t.
mot,! I, of Iv.rj. ...,, wlk ),.,
(i:.p .
I.Hmlt-r l I n one tfs .
In the ,-p i.(..n nf the luo,l f ,, n tt
market Is gra in ly and ic., , i;,iilh.
arolltld I I the ei.ht Uli.-e .f.,t,- , ',
oloeln. II be HH.I,, !,,,, mtr ,, ,,
ing al a !e w 1.1. Ii. iliiuk'i ,,i r ,p , (,
l,rt.Tl'i(.!. ki ti. .nil.,, i.tf II...
I.,, A see in t!ie stunt,.,,, ail1,, ,, i,i ,, j,
j I if jt Hon, in 'n c t iu 1 1.1 1 .', i,, ,,j
, ry lar tra n.l, i t , t l.i n !. i , r , , n, t
' Ij Is-. I, li'sde ' !--! . to ;t po i, s 'I ,,
; pni. !,. of ::. i'.ai,"i f,,i, ,,,.,,! , lt,..
latter pin of iy, a l.trje ! .: ) jt, ,H
aJi.-d in.k.r t,sf iii wf i'.',t.'j,UijJ
feet within a few days. Three other largsj
transfers, ranging from 10.01)0,000 to 12,
OiiO.tiOO feet each, have also recently been
completed. Prices are now firm, in strange
contrast to the demoralization that pre
vailed a few weeks ago. Chicago Tinvea
Herald (Ind.).
Revlv"ne Trods.
The change which has come over the
face of things in the business world is
unmistakable. The confidence for which
everybody has been looking is here. It
may lose its sharp edge by some unfore
seen event, but it is hardly to be expected
that any serious check will now occur.
It seems to be taken for granted that
there will be a tariff law on the statute
book within a few weeks. Perhaps a
month is too short a time to give the s'.ow
ging legislators of the Senate. The as
surance in regard to the tariff is the most
potent inliiienr-e in giving more confidence,
but the good effects of Secretary Gage's
speeches have by no means worn off. eith
er in the United States or abroad. Satis
factory crop reports, increased railroad
earnings and the statement of bank clear
ings, which, considering the fact that
one day of last week was a holiday, is fa
vorable, are among the subsidiary influ
ences thnt are making for faith iu the fu
ture. Buffalo Express.
"""
Prosperity ot IInn-1.
The time has come when to carp and
cavil at the slowness with which pros
perity Is returning to this country, after
the depression of the past three yenrs,
has lack of truth added to that mean mal
ice which can rejoice in misfortune. Pros
perity is coming, aud the slowness of its
approach only means its snreness nnd its
stability. There are signs on every hand
that President MeKiuley was right when
he said that the country is going not
backward, but forward, and, that the
steady hands and hearts of the American
people are strengthened and encouraged
by the immediate prospect of a revival
of wholesome and profitable activity in
all brsnches of labor, trade and business.
The taunt of Populist Bryan that others
beside himself regret his rejection at tha
polls U as untrue as it is unpatriotic
New V.-vk Mail and Express (Hep.).
Imnrovlna Rtendlty.
Secretary Gage's couviction of the Im
provement In business, expressed to the
Maryland bankers in Cumberland, has
had a good influence, and has strength
ened the growing feeling that a slow but
permanent improvement is spreading over
the country. His repetition nt Cumber
land of his statement the week before in
Cincinnati, that the administration was
detfli o.lned to secure a comprehensive and
permanent rectification of the currency,
and thnt he had assurances from members,
of Congress Hint at the next session a bill
to that effect would be passed, has had a
very decided influence in improving the
general tone and Increasing confidence.
New York Journal of Commerce (Dem.).
Pn Is or I'rniii'so,
"There has been a decided Improve
ment," writes a Washington correspond
ent, "in the financial situation since I
was last In New York. All classes In the
Industrial and commercial world feel en
couraged over the outlook and expectancy
has replaced the apprehension that had
become the habitual condition of Ihe pub
lie mind for the Inst three years. Th
people you meet In the banks downtown
and visitors from other parts of the coun
try who gossip In Hip ,t,. rotundas all
tell the story that, while the era of pros
perity ha not yet begun, the signs of it
approach appear in every direction, the
most important being nn almost univer
sal confidence that II Is almost here. Titers
is confidence In the President, confidence
that Congress will dispose of the tariff
bill speedily and that the rates In the new
schedule will he conservative yet ample
for the needs of the ( iovcrnnieiit." Dun's
reports are encouraging lo a degree; Brad
ttieei's nre let pessimistic Hd decidedly
more favorable, and the crop reports ar
unusually encourjgiiig.-Urnud Kaiilda
Herald (Kep.).
I'rosp-r'tT la at Hand.
!... -ylhlng thai la apparent points tu
a rapid revival of prosperity thi fall. Ws
are prom'.ed al, umlaut harvests, with bet
ter pr,..a than for many year. If the
farmer get good prices for III, ge crops
it will make a demand upon our manu
facturer for Iheir product. The wheels
ut o.'lustry will revolve once more. There
will be work for the unemployed, nnd ws
shall hate that satisfactory condition for
which we have yearned so long. We are
not pessimist. We are exceedingly hope,
fill of the future. The speech of Presi
dent MeKiuley a! Ihe banquet Wednes
day ijlghl was worthy the man mid the oc
cruioii. Prosperity is at luiid.-Philndel.
phia It.qinrcr (Hep ).
eiilh feels the I m provt mnt.
While Ihe general bus ne.a situation
I somewhat hampered by the unci rtsinty
attaching lo the lur.ff bill, there are not
wanting een lh.it a gradual Improve
ment in trade I. In propria.. It j iru
that there 1 no d ,, ti to I , enter
pr s ii tr. tor to put out new lines, until
nil him erliiintii a rs lo the dilute tar tt
ilul.es are rem. ne. I. but. In p e of thi,
there i a f.i r uiotennni f..r a. to il en
sumption ,, m n't ti I brum In . of Indus,
try. With a fatoinli e i f .p outlook, there
is i virt reason m ipect a good trade in
the i-iit i .iun'y tr hiiinrt I i il, sec
lion. tpei a'.t n. ei.untrv no r, !i int. nn I
formers are n'rei lv ,n n f i i' pr, sporuu
i ii id. I .on. 'I he im r. hnn Is lure have lak.
in n.tt ii'tng nf ti e ri.i-tit do ,h t,
earifiilj stiuly Hie p rob', .us wh.ih hava
Ii In r iio.itatid againsi trule. ami it
s I.. I. I.-. I tl.nt mill) of the Host a.r''.!,
ilMo uit l ate In i n uteri nine I if
.,ur!-. s me tiiinllis most ,t et c'.ips. t.
f, li. the i top are read) (or luillke!- bit
the ll eie rnspi i I i.f g, o I r .ps i,,, ir.
..j so (ti- o ill to i r ate i ont,.'i i . e mi I set
tiie wheils of eoluioifee in lnot,. i. It
th. r. f..re, col tub ni" bi ti. that an i tat -I
tot. lie nt ,ii b' ,.i .s w , I be not, I Ir-.iu
hint nil NtW lr en,, I'ojjiH.e 1 1 .u .
I.ee -e lliiia Miti-t of t.n't-'e.
I 'ink i ; if .u.-a .i.l tt r. k . re I n !i t, ,f
1 11... , f :sil.aiM li . ,,,. , ,.
tb, ill w ii.i ll one il l) .1 ii, ;, . Hut
the im lease on t t -. , ,,rri p o,, u i , k
,f li e pi t on 1 1 if t ,i a ii, i Ii ss t ' s a
p.r tent. ,. Hi oilio 1 1 .s ol ,(., ijf ,,f
s i 1 mo, ' .I" 'o.is 1 1 a s II to. i l- re-
,1) .. I l i lt H, I' hn. be, , so. 1 a ll-
i ' . i ! e iu i i , t thai I.l tit . ii liiir, sr,iu,i
I...,, HI.' tetj I a ' - e t i ( in ir!i,l to.
Ihe troth is ihal , u toi.i ne of im r. ban
i! e baa l id Ihe oi..uM of b,iiii s dons
Ho, ii.,. s liol ion ptt ii ', ,' ,n ,,i , f!
n n.l nt ifto.e m t I )rar, but at
I V - b..t.r .r-ia ,t,,'i,a si,. i,,, m
.. .ni in s d ivr .- t istattOiai
LmIjuo (Du.y.