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The Outlook

The Outlook image
Parent Issue
Day
19
Month
August
Year
1891
Copyright
Public Domain
OCR Text

The signa of thé times Snancially considered are very propitious for this country. VVithitscropsunprecedntly large, worth over two billions of dollars, abont to bring large prices, the agricultural jaopulation will begin to pay off their uortgages, buy more land and make impro vemen ts. The merchante will have their accounts paid up, the railtoads will make more money transporteng the grains, and have to order large r quipments. This will start up the factoriea, the milis and a thousand other industries. The capitalists baving their loans paid in, will employ their money to develop the new branches of tin-plate, íbeet sugar faetones, etc., as well as to ïnvest in the New South. The shortage of erops abroad will tnake tliein want our surplus, thus not only bringing back the gold we sent ichem but a considerable more with it. riifs it is estimated will amonnt to $100,000,000 in gold. ïhen too the governincnt haa thia year inereased the ■cireniation of money over f70,000,000. Thus money is going to be plenty in all ■ hes oí trade and there can be but íittle iliuibt that an era of unprecedeuted jproeperity is before us. (arming becomes more profitable ttbe price of farms will raise ; the boys will stay at home instead of going west, i the city, and farms with good neaus of communication to town will be Ín active demand. Tiie reciprocity clause of the McKinley bilí has upened up many new countries Lor our products, such ascoal, flour, furtiiture, machinen , implements, etc, to Brazil, Cuba and other eonntries, while at the same time Canada is shut out írom floodiug our markets with their coinpetitive grain, wool, eggs, liorses, cattle, Tve and manufactures. All these things go to help the good prices, and indeed are a very important factor in ■putting them up, as well as to maintain %hem. The panic of last year cleared the air Sike a thunderstorm, and as two panics never come in succession little is to be Seared among the large financia] instiïutions. Of course there will be failures from snen trying to fly too high, but a genera :advance in the country's wealth anc and proeperity is sure to come.

Article

Subjects
Old News
Ann Arbor Courier