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Story
July 13, 1909
The Wenatchee Daily World
Wenatchee, Chelan County, Washington
What is this article about?
Editorial on burgeoning economic prosperity in the US, with rising stocks, construction, immigration, population, agriculture, wages, and financial strength signaling a historic business boom ahead.
Clipping
OCR Quality
100%
Excellent
Full Text
ALL SIGNS POINT TO GREAT PROSPERITY.
Prosperity is in full swing in the east, is rising in the middle west and is beginning to be felt on the Pacific coast. Many signs point to the biggest business boom in the history of the country. The stock market weather vane tells a striking story of new confidence in higher prices, for many securities, than have ever been obtained. Some have already broken the best records made before the panic. Building operations are on a great scale. In several cities they are surpassing all previous years. Immigration is on a vast scale, once more.
The growth of the United States in population is at least equal to the gains of any previous time. Bank clearings are large, and railroad earnings increase steadily and rapidly.
There are many other signs of good times, coming and in large part already here. The farming population, which is half of the country, is enjoying extremely favorable markets. Wages are tending upward again. Real estate is rising. The financial resources of the country were never before so great. Gold accumulates and bank reserves are ample. There is much confidence in the future of trade and industry, and there was never less danger of evil in governmental issues or political unrest.
Clearly the country is moving onward into a period of great business growth and prosperity. It is going to mark up new records by wholesale and keep on doing that sort of thing for several years, at least, before the next serious setback.-American, Bellingham.
Prosperity is in full swing in the east, is rising in the middle west and is beginning to be felt on the Pacific coast. Many signs point to the biggest business boom in the history of the country. The stock market weather vane tells a striking story of new confidence in higher prices, for many securities, than have ever been obtained. Some have already broken the best records made before the panic. Building operations are on a great scale. In several cities they are surpassing all previous years. Immigration is on a vast scale, once more.
The growth of the United States in population is at least equal to the gains of any previous time. Bank clearings are large, and railroad earnings increase steadily and rapidly.
There are many other signs of good times, coming and in large part already here. The farming population, which is half of the country, is enjoying extremely favorable markets. Wages are tending upward again. Real estate is rising. The financial resources of the country were never before so great. Gold accumulates and bank reserves are ample. There is much confidence in the future of trade and industry, and there was never less danger of evil in governmental issues or political unrest.
Clearly the country is moving onward into a period of great business growth and prosperity. It is going to mark up new records by wholesale and keep on doing that sort of thing for several years, at least, before the next serious setback.-American, Bellingham.
What sub-type of article is it?
Economic Report
Editorial
What themes does it cover?
Triumph
What keywords are associated?
Economic Prosperity
Business Boom
Stock Market
Immigration
Population Growth
Farming Markets
Railroad Earnings
Where did it happen?
United States
Story Details
Location
United States
Story Details
Signs of economic prosperity including stock market gains, building operations, immigration, population growth, bank clearings, railroad earnings, favorable farming markets, rising wages, real estate, financial resources, gold accumulation, and confidence in future trade and industry, predicting a period of great business growth.