Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-04-25
A Glorious Contrast,

What glorious contrast presents itself
between this and the spring 1871, in bu-
sincss or political point of view. In the
Spring Of l84l business had begun TO wear
that gloomy and heavy appearance which
Is sure precursor TO general stagnation
and utter prosraton. This period was
Just after the last failure Of the old moth
er of denominations, and the consequent
| suspension Of many Of our Southern and
Western banks. Ruin stared all men in
the face, and stupor and inaction pegvaded
all classes OF the people.
Besides all this, we had Just entered up.
on a wing administration of the Federal
Government. We had that master spirit
OF old Federalism, Daniel Webster, al the
head of the State Department, and tina. ar
rant apostate Henry Clay. threw his coid
aud diclatorlal influence over our Congress.
We had before US the almost certain es-
tablishment ofa U. S. Bank, TO be reared
upon and III part created out OF the rotten
and decayed corpse of that monster which
then lay fostering and purifying i'll the
place where it had fallen. We had also in
prospect the distribution Of the land revcn-
lie, and also mons,rous and unequal sys-
tenn of taxation, to build up the corpora
lions and4ppitaIlsts upon the bones and
sinew sasf The laboring classes.
In fact and in sober truth tho wicked
ruled, andsthe people las a very natural
consequence mourned in their souls.
Now we have firm and rational basis
for a permanent aud healthy business. We
never stood in more kindly relations with
foreign nations, as general thing. since
the foundation of our federative system
Nations never appeared more ready to ex-
tend the hand OF good fellowship Of trade
and commerce towards US. Our banking
system never stood upon safer Or more
solid and truly prosperous foundation than
at The presenl-exchange are natural and
easy as they ever were. Stocks of real
value are firm. Articles Of agricultural
produce, and of manufacture, are in good
demand at buoyant prices. The laborer
is busy and happy as he can be under the
present arrangement of society, and IS a
general thing our people are happy and
our prospects encouraging.
IL We would not be understood as advo-
beating the doctrine that the government is
bound to make business good, as the say
ing is, or that the present glorious ascen-
!, dency Of our holy cause acts directly in IA
vor Of the present healthy condition of bu-
+ siness III cur country. Our position is
now as ever, that business has laws of ITS
r own directly and properly TO govern its
own immediate concerns, & that it is new.
, er III SO good condition as when left as
clear as possible Of Government. Our o.
pinion Is, that the present good prospect OF
] business, in Ia great degree. grows out OF
the general conviction that the present lie.
! publican administration will leave business
| 10 its own lawc, and we also believe that
the prospective conviction in l64l, that
. the then federal administration would
cramp, by attempting to direct. the laws Of
:; trade, threw a dampening. chilling inf1u'
, ence over our business community, and
thus aggravated the already unhealthy con-
dtion Of business.
!, TO this last picture let US add the glorl'
Gus fact. that in the political world. too. all
, things augur good. We have Jacksoni'
an Democrat for Presiden,-a Democratic
Congress, and genuine Democracy is per.
, manenty and gloriously established a.
: mongst Us. Let the people rightly appre-
eiate and improve their present auspicious
: prospects. and good will certainly come oil
it, to this grea. people, Salem .ado.
From the Providence Herald
Liberation OF Gov. DOrr.
&c varu HarAan%shln M