Saint Paul weekly Minnesotian., 1859-04-30
why the Country Will be Prosperous

why sAo COuusFy Will DO FrOsperOuSs
The New York Herald enumerates the ioi- Hi
lowing as among the reasons why the country
is, and will continue to be, prosperous:
.1st-The extremely favorable accounts of
the western grain crop. We are not exagger-
ating when say that the various accounts from
the west justify the belief that the crop of
this year will be unexampled in amount. The
area sown last fall was very considerably
larger than usual and no such favorable sea-
sons for the farmer as last winter and this
spring have been known for thirty years.
2d-The steady revival of all kinds of trade
and industry, as evidenced by the Custom
House returns, the strikes among workmen
for higher wages, the increased exchanges at
the banks, and the reports of merchants and
manufacturers throughout the country.
3d-The quasi certainty that the European
Peace Congress will at least postpone for a year
or two general war in Europe.
4th-The continued advance and specula-
ton in cotton in the foreign markets. The
amount of net profit reaped by the planters Of
the South from their cotton this year will
probably considerably exceed one hundred
millions of dollars, a large portion of which
will, Of course, come here for investment.
5th-The continued abundance of money at
home and abroad. It is quite likely that we
shall see six per cent. money market here
this fall the revival of business will of itself
lead to this. But the condition of the govern
ment treasury, which must continue to pour
out more gold than it receives, will, together
with receipts from California and elsewhere,
fully counterbalance the export to Europe.
6th-The certainty that no breach of the
peace is, this year, to grow out of our relations
with Great Britain, Mexico, Nicaragua and
Paraguay.
7th-The prospect of further additions to
the worlds stock of precious metal, from Fra
zer River, Pixies Peak, and elsewhere.
8th-The prospect of an enlarged market
for manufactures in India-which has been a
rebellion; In China-respecting which see
Lord Elgin's report on the probable future
trade of England and the United States with
Hankow and the neighboring towns; in Rus
sia, which, since the introduction of the rail-
way system, is doubling its consumption of
foreign manufactures; In Japan and else |
where, likewise. ' -~ ''-'''
9th-The fact that for eighteen months the
citizens of the trading countries of the world
have been comparatively idle,-haye lived
economically ally-undertake no new enterprises
-and gone through general process Of fiiqui-
dation. t., -',
The aggregate of these favorable facts and
prospects presents picture, the like of which
has, perhaps, never been witnessed before by
our oldest business men, and foreshadows for
the early future period Of such activity and |
prosperity as even this country never knew
before ~ H
The New York Tribune wants to insure fu-
ture prosperity by a crop that will be ade-
quate to the wants of all the world and the
rest of mankind"1 1t breaks out thus
+ FARMING PRosPEcTs.-Though we do not
multiply citations, it is certain that winter
grain is generally looking we'll throughout the
better than the open, broken
character of the last winter gave reason to
hope. There may be local exceptions, but the
present prospects for good yield Of both
wheat and rye are excellent, while the fire.
4uent freezings and thawings of the ground
since last November must have proved wide
y fatal to The eggs and lartvae Of insects. We
hope for heavy crops Of winter
grain this year.
But it must be considered that the general I