The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1843-10-03
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TUESDAY. OCTOBER 8, 1913.

LAND Howe suppose that by this time all
business convinced this earth did not in 1897
return exactly 10 ungoverned chaos Business was
never better larger than is at present. in fact
great business done ut all securely as
that which is now going on. very large proper
tion Of the transactions for cash. that whatever
profit is made, is not on paper only, but in reality
The long train Of casualties, which drag after cred
il business, and often what seemed large profits
into ruinous losses, is not to be encountered.
There is super bundance Of capital, such was
never known here before, and destilution Of mer-
chandze such has been felt since the terInna-
ton of the war with England. The consequence has
been, great advance in almost every thing. Stocks
started first they always do and now stand twenty,
fifty, and hundred per ent higher than they
six months ago. Sugar and moasses have risen fifty
per cent. Coffee tea, and all other groceries,
less. In dry goods there has been a clearing out
OF great accumuations, which surprises every body.
Calicccs have risen twenty-five per cent. or more.
all sorts of cotton woolen and silk goods, have ad-
vanced, some five, and fifty per cent. Certain
kinds Of coarse uoolens imported from Eng
iand despite all projection and the skill aurtured
by ii, and sold al Serenity fire TO hundred per cent
ddrdnce on The cost. The imporations of dry goods
are quit large, and swept offat good profits as
fast as the importers exhibit their samples.
similar state of prosperity exists in the hardware,
crockey drug book, and in fact all branches of bust
ness,-The shipping interest almost alone excepted.
The business, large and profitable it is, is very
little tnctured with speculation. 1t is the straight
forward supply of the consumplive demand. The
superabundance Of money in Europe where in fact in
terest has fallen TO almost nothing, will tend power
fully to continue the pentiluness of money here.
We shall go on, however, with gradual return to
credits. Trade being found profitable, will be ex-
tended until the capital Of merchants is exhausted
and they find convenient TO deal credit. This
will furnish money lenders with the means of making
loans, md shall go on, until capital is outrun
by trade, and money rising high in value, represses
expansion This is the time for all men to make
fortunes who have self control enough to mind their
business, and p!od deaf to the noise of spec
uators who make fortunes in a day. Mind your own
business and be not in hurry to get rich, are two
rules which will almost secure permanent success.
sUFThe foregoing article is from tho New York
Journal of Commerce of Sept 1.-The most ultra free
trade, anti-Tariif paper in the City.
This paper asserts that "Coarse Wooen Goods
imported from England despite of all our
protection, and sold rs to 100 per cent advance
on the cost" And yet the Loco papers in this State
continue the cry that the present Tariff protects the
wealthy manufacturer and neglecis the wool grow en-
How is it if this is true that there is falling off Of
7-s the importation Of ,Uool while the manufac
tured article, pooens, imported at profit
of rs 10 100 per cent When will our friends who
raise this clanor against the tariff understand thatthe
direct way TO create fair market for wool s to pro-
tect the manufacturer. .Nt
tho duty on coarse wool were increased hun
dred fold, it would not create market FOR merican
wool so long as the manufactured article is not pro-
tected. So long English coarse wooens can DO
imported at profit of 100 per cent, American man
ufacturers will! be compelled to keep own the price
of wool cease to manufacture. But increase the
duty on the manufactured article and the profit Of
will create competition among
and prices Of wool must necessarily ad
vance.
" What can compensate for Gaseness Of the prosti-
tuition, and The betrayal Of the confidence reposed in
me by generous people?"
John Tyler, Fe6.29, 1886.
Cannot the inquirer answer his question
from experience7 VIVA, has been your compensa-
tion Johus