Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-05-25
EncOura cling Prospects for Business In the
r. North

u
The following, from the Boston CONNER
cial Bulletin of Saturday, is timely and to
the purpose, At the present moment there
is altogether too little confidence in the great
resources of the North, and those who are
continually talking of everybody and every
thing "going to smash" will soon find out
their error. A stout manly heart just now
is mine Of wealth. We commend the Bal-
lstiR's suggestions; r
Some people in business circles think that
the existing war is TO iDjure, If not impoveI-
isb, the North. But we believe that the great
mass of the business community consider,
and correctly, that the very reverse of this
will prove to be the fact. ls
The demands of war are great; and these
demands extend through nearlylevery branch
ofour industrial interest While the credit
of the Northern States stands as well as ii
does to-day, all the locked.up capital at
home, and an abundance more from abroad,
will be put in circulation. Let it be remem
bered that the uses of this capital are to be
employed at home-the farmer, mechanic,
manufacturer and merchant will equally
share its expenditure.
At the call of the State or the Governor,
the baRksand private capitalists will set their
vast sccumulations Of money in circulation,
certain that II will return TO them again
with its natural increase. This money, then,
flows back again into the legitimate chan
nels Of trade, although by different course.
What the people most need TO do at the
present time Is to encourage confidence
The great masses Of the people are actually
10 be benefited by the war-as It increases
consumption. It does indeed decrease the
amount OF productive labor, but, at the same
time, it employs vast numbers that have
been out of employment, as is generally the
case with multitudes in times Of peace. The
middling and laboEing classes draw directly
from the capitalist. It is impossible, at such
q time as this, for any one branch to BE- ben
efitted without q corresponding and proper
tionate benefit accruing to others. Weknow
that II is a peculiarity of the moses in this
country that money does not remain unem-
ployed an INCREASE of profits, orAn increase
Of wages, brings with it a corresponding in
crease of wants, which are generally graft.
fed in proportion to the means pursued.
We see 90, reason, therefore, why, in a
short time, fthet whole machinery OF trade
and, commerce and manufactures viii not
be put in motion with increased power-es-
pscially here at the North, where we are 30
FAR distant from the seat of war, and the
peaceful pursuit of trade can not be inter
fered with. 1t is true that we, have lost the
Southern trade, bat If the priyateers of JEFF.
Davis do not capture and destroy all our
Northern ships, we can open up new chan.
nels elsewhere, that will IN time, more than
compensate for what we have lost. Let US
now act upon the principle we have always
put forth, that Northern industry and en-
ergy are equal TO any emergency, and con
ViDce the South that THE almighty dollar
is the sole object of our worship, as they
hoi1phtlegsly saw We car erect temDles for
that " orship where we chose. -a