The New York herald., 1866-08-25
Revival Of tho Fall Trade.

From all the indications around us we are
justified in anticipating one of the finest trades
this coming fall that we have had for many
years. II is evident from the late letter of
Secretary McCulloch that the currency is TO
remaineteady for two years at least which, in
commercial transactions, renders paper cur
rency just as good as specie payments for all
practical purposes. As long asxhe basis upon
which contracts are made remains unchanged
there can be no confusion nor loss to the
parties predicating business transactions upon
currency, which, If subjected to any sudden
variation in value, might lead to serious embar-
rassments. No doubt the business men OF the
West and South are now assured that Mr.
McCulloch has no power from Congress to
make any immediate departure from the pre-
sent value OF currency by q hasty return to
specie payments fact which would 60 to
show that Congress- knows more about fnan-
cierng than Mr.. McCulloch-and therefore
they are focking into this city to make their
fall purchases. 1t is an encouragement to the
business community to know that for two years
at least we are likely to have steady cur
rency, and we see the result in the promises of
our tall trade. The importations are immense,
and there is every reason to believe that the
demand will be commensurate. Our merchants
are ready to offer probably the largest stocks of
goods presented in the market for many years.
and we are glad to see that buyers are coming
in from all quarters. The absurd excitement
about the cholera has altogether abated, having
been proved nothing more than false alarm;
consequently nobody is afraid to visit the
metropolis.
Perhaps the best indication Of the business
condition of the country is the HERALD and
We find an index to its present prosperity in
the fact that we print three solid columns of
business advertisements now more than we
ever did at this season OF the year at any pre-
vious period since the paper was established.
And these are genuine business advertisements,
condensed into as few words as possible, and
occupying severally as little space as the
objects of the advertiser Gan be effected in-for
our space is costly, in proportion. Of course, to
it's value, as business men know. They are not
like the advertisements in other papers; they
are not hand-bills, nor show-bills, nor uin,,2u-
tive issues Of illustrated newspapers, with pic
lures of circuses, or churches, or acrobats in
impossible posturcs, or women in gauze stand
ing on their heads, nor still-life portraits of
stoves, rifle guns, trusses, revolvers and paper
collars; nothing Of all these, but substantial
announcements Of Legitimate business in
terse form; history, in fact Of the progress Of
enterprise, the wants of the people, and the
places where these wants can be supplied.
These crowded columns tell beyond peradven-
ture how the business Of the metropolis is
thriving. The prospect Of full restoration Of
the Union before long is stimulating the COM
mercial community in the most healthful fashion.
Gold, too, we perceive, is returning from
Europe in small quantitios to be invested in
United States bonds; but this 10 probably only
q sporadic case, like the importation of -four to
this country previous to the panics of 1887 and
1857. The flow Of the precious metal must
naturally be the other way for some time, as
long as our importations of foreign fabrics are
as large as they are at present Looking at the
existing condition of things from every point,
we are led to anticipate most prosperous
business this fall.