The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-10
Opening Of the spring Trade-Advcr'"s
m, . e. Il. rear 1870 ia he ginning TO

Opening Of the spring Trade-Advert'si"s
The Spring trade for the year 1912 is beginning 10
open about these days, in this commercial meuopo-
lie, on new and important footing. The auspices
are highly iavorable-the prospects cheerful
From all the events taking place around u.s. and from
The remarkable facts developed relative to the ANIMAL
nroductions of this remarkable country, II rs very
evident. that in every species Of wealth and industry
this noble country is richer, healthier happier, than
the most sangune imagined. The applications Tor
setting rid of their debts, under the new Bankrupt
Law, seem to be utterly Insignificant in point Of
numbers. influence, or character. Not two hundred
persons in all our large cities, have yet applied, and
those are Just such persons never add any thing to
natural wealth or nalurnl industry. istrue the debts
of some of the States appear large and very heavy
amounting to about $500, 900. OO0-but whsn it is
known that the surplus wealth of this country, for
one year, with economy and prudence, is capable
of paving up one half Of the debt, who should be
frightened, or talk Of reputation about the INTEREST,"
With an annual produce, in agriculture, fisheries,
mines, forests, and manufactures, equal to 1000 mil
lions of dollas it would seem to be very easy to re-
organize anew the state and general government
finances-to manage the currency-and to complete
all really useful public works. be they railroads or
canals Why then should not trade revive, and
public and private credit be invgorated, by pur-
suing right and honest course Of policy! There Is
no obstruction, but what we fad in the clamoF OF
few paltry spectators out of Congress and State
Legislatures-and the folly and squabbng Of many
foolish legislators in both such public bodies.
Under this general aspect of affairs, there is every
prospect that the trade of 1912 will revve-hat pub
lie and private credit will come up again-tha the
country will 60 to prosper by pursuing right prln-
ciples
The first thing to be done, is, for Congress at once
to stop their squabbes, and to settle the currency
and other questions. The next thing is, for all the
suspended banks that resume, 10 resume at once
and to compel the rotten banks 10 wind up-dis-
miss their incompetent or dishonest oficers-and
make them farmers, to gain livelihood. Too many
have crowded the commercial and financial ranks Of
life and too few have turned their attention to agrcul-
ture and honorable labor. which will always return
an equivalent equal to human comfort and susie
nance.
In this city, the prospect OF real business has not
been better since 1885, 1t is true Wall street IS
downs many Of the Spectators there are in agony
but Wall street is not New ork-nor is New York
the State-nor is the State the whole Union. There
is vast quantity of healty business doing here, very
quietly, on the right principles cash short credits;
and if Philadelphia, Baltimore, Mobile, New Orleans
and all the other large Cities would close up their
rotten banks and compel their good banks to resume
specie payments, all would be as merry as a church
bell in spring morning. Take an instance-Buffalo,
in this State, is without bank-all are gone-yet
we are informed that the prospects tor 1872 in Buf-
faio, for good sound business were never better.
IN Pittsburgh, they have the stocks for this year,
about 20 new steamers. This is sample of all the
great inland commercial towns.
With these general views, based on inquest ona-
BILE facts, we are positive that the trade for Il ~
will be better than that for any year since 1885,
provided the commercial and financial classes, make
the start on right principes-such cash and short
eredts-a paper currency inuariaby payable on de-
mand in pecie the resuscitaiion of public credit,
by the imposition Of tares, by Congrs, and the States,
10 pay their erenses honesNy-ond to meet the interest
on their public debts Let us not be any longer the
sport of rascally politicians-Presdent manufac-
turers dishonest nanciers, bankrupt spectators.
1t is time, therefore, for our commercial men to
begin moving-and the first movement to be made,
is to advertise literally and largely in those news
papers that advocate sound doctrines in trade, and
have general circulation over the whole country
among the best and soundest business men. Among
the first of this class is the New YeRx HERALD,
which has circulation of nearly thirty thousand,
throughout the Union, among the cash and short
credit men OF business. A word to the wise il
enough Let ustake the first step Alright, and all
will end right.
New York Lancet No. vi.