The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1861-08-31
ENCOURAGING BUSINESS PROS
Poets.

~ was W o0 FApecIeu that tue war would
deal severe blow to commercial and busi-
ness affairs. The dizziness from this cause
Is heightened by the season Of the year.
when, IN the best of times, little is doing.
But we think we are now justified in taking
tor the future a more cheerful view. and in
predicting. as soon as the cool weather sets
in. decided revival of business. and a res-
sonable activity in all the LEADING branches
of our industry
The most important agency to a renewed
activity Is the action of the Government
1t is now expanding. and must continue TO
expend, probably for year to come, ST.
10000 daily. At the same time it tenn
porarily. at least, creates verv large por-
lion of the capital it expeuds. The recent
Loan bill authorizes the issue of the whole
amount TO be borrowed in Treasury Notes
of denominations not exceeding $50. These,
from the interest they bear, and from their
convenient form for currency, will be ca
gerly sought by all who have money to
lend, and will be readily accepted by all to
whom the Government may become indebt-
ed. The payroll of the Army will soon
amount daily to S95O,OOO. Treasury notes
for the greater part of this sum, for conve-
nience of transmission and preservation,
will be the most acceptable mode of pay
ment. Supplies of all kinds will be paid
for in the same way. In other words,
Government is going to make money plen-
ty in the same manner that Banks do, by
large discounts, or emissions of bills, with
out being compelled, as the latter are, to
speedily redeem their issues, causing an
excessive stringency, in the place of
plethora, few days before. 1t is certain
that Government cannot put into circula-
ton its own paper to the amount of $780,
coo, 900, the whole of which may be used
as many, without imparting an extraordina-
ry activity to every kind of business. Two
hundred and fifty millions of dollars is
much larger sum than the bills in circula-
ton, and the specie held by all The Banks
in the loyal States. Every one can readily
understand what would be the result should
the amount of such circulation and specie
be almost instantly doubled. We do not
say that all of the loan authorized will be
used as currency, but very large portion
will-quite enough to produce all the re-
suits we have predicted.
Another favorable feature is the healthy
condition, at the present time, Of several of
our great interests. The banks are over,
> flowing. not only with money. but with
specie. We venture to assert that, taking
the circumstances into consideration, their
condition was never paralleled. In all 9TH
err countries, war is the signal for drain
upon their precious metals. As this war
progresses, specie becomes with us more
and more drug. Could apprehension
have been entertained by the most timid,
the action of Congress would have disap-
pointed it. Hereafter, Government dues
may be paid in its own paper, given out on
its own contracts. The vaults of the banks
will no longer be emptied into those of the
Sub Treasury. They will be relieved from
all apprehension from this quarter. and
D will be left in the position in which, in or
i binary times, their action would tend great
ly to give an impulse to business, not to
j, say speculative operations. That such will
n be the case now to a certain extent, is more
S than probable.
r The year has been a most prosperous one
i for the great interest upon which ali others
It are neutrality-suspicious. We have again
D bountifuI harvests. These must be sold
It for their equivalent in merchandise of one
o kind or another. For the year to come.
s 92, 600, 900 out of our 100000 people
e will be in position to buy and sell as much
r as ever. That they are buying and selling
: largely at the present time is proven by The
q fact that the earnings of our railroads, on
5 the average, are in excess of those for 1860,
J, which was regarded as most prosperous
!, year for these works The movement at
: present is mainly from West to East--in
# produce instead of merchandise, in pay
d ment of debts; but this movement cannot
5 long remain in one direction. Commercial
X endorsements have been greatly agra
e waited by the banking troubles in the West,
: whereby an enormous loss has been suffer-
:, ed by the farmers-a loss in many portions
5 of the country equivalent to the profit Of a
: whole crop. The evil las now very nearly
: cured itself, and the present crop will be
n available for commerce, instead of going to
: offset package Of worthless bank bills.
In twenty three of the States no interest
or industry is interfered with by the war.
All the internal channels Of our commerce
}. are as free as they were year ago. Any
= person can pursue his ordinary avocations
4 without fear of molestation. With capital
: abundant, labor free, our people will soon
adjust themselves to the new exigency. We
@ have been passing through testimony
n state, which is always painful, and often at
o tended by great loss. But the Rew one that
: succeeds may compensate for all sacrifice.
g Things cannot long remain stationary. The
? action of Government will set them in mo-
: ton, and this action will be greatly assisted
by the plethora of active capital increased
! by the war, which will not long remain idle,
: but which, like individuals, will set itself
o at work when it finds that idleness, or
E rate of interest at 8 per cent, no longer
b pays.
e In looking to the future we assume mill,
. tary success. OF this we cannot doubt
/ Should this be, what may be reasonably
= anticipated, we shall see cotton going for
ward through its ordinary channels in less
j than six months, giving us again the trade
4 resulting from this article which makes
such an important figure in our foreign
= commerce. Government will be profered
i all the money it asks. Let il display the
/ only virtue that Government can possess
: suceess-and the future will be vastly more
II glowing than we have painted it. ua
It's said that the Hon. Lewis CAss is
/ wiring. and intends to publish, the history
!. of the events which. in his knowledge,
have nroduced the present state OF things