Image 4 of Southwest-sentinel (Silver City, N.M.), July 4, 1893
author: Anonymous
source date: 1893
availability: public_domain

TK PiiHÍno Mtnntlon Our assertion a vnV pgo that tle worst wai wer muy Lavo ooruoJ preuifttufo tlign hut hy the euJ tf limt week the rnto of eiclmnpo had fallen to n point which rendered goM imports pos fiihlo in tho near fotnro thonyh they can erarcely bo considered probable the New York and Phil adelphia clearing bonnes had pro tided ngtuuBt any bank failurcH by arranging for clearing house cer tificates April net railway earn ings show a decided improvement jn the tendency of railroad budi nes with a nmall improvement al olutIy and importa of cotton and cereals continuo large beyond past record or current expectation Encouraging as theso changes are it ptill remains truo that tho great finaucial fetrain continued in tho west and led to agregnto ship ments of gold and currency from New York of 0000003 by ex press whilo shipments in the course of ordinary business reach ed 15000000 more This demand for currency exists all over tho country and is the natural con comitant of distrust and failure for when credit money in all its forms shrinks there is nn instant demand for gold and enrrenoy Failures continue to bo ono half