The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1870-03-10
TEE LOOKOUT.


Speculation and high prices have
had their day-the "relapsing icaver,'
which was the natural result of the
looac way in which business was con-
Quoted during this period of specula-
ion hes loosencd its grip. and the out
look Ut present. TO say the least. in
cheering. with the steady decline
Of god.' says The Day. and more
or less influencing it, beyond question,
comes The gratifying intelligence that
our exports during the last six month";
very nearly balanced the imports dur
ing the same period. This nearly puts
the balance Of trade in our favor. q
condition favorable to 6Dancial health
aud stability in values. II also lead,
u the inference that our varied indus.
try is thriving, in spite OF adverse cir
cums,auces apd it goes to prove that
while Senators and Representatives
have been jevlsing methods to cor.
rect what appears to b. financial dis.
temper. the laws Of trade have been
quietly operating to restore cquili-
brum lost during the great cOnvul>iJu.
This fact should be made to profit the
nation by instructing its public men.
Not many Of them appear to BE-
aware that some things mus. be left
TO the operation Of batural laws. The
lesson is watchful patience. 1t is by
no means certain that the laws OF
trade, acting in harmony with the ir.
repre~sible enterprise of the American
people. would not furnish u solution
ot the iitaucial problem in the short
est time consistent with safety. II
gold has Touched lower figure within
week than ut any time since mid
summer of lSG2. can the decline be
credited to any recent legislation The
various financial schemes put for.
ward in Congress, and the discussion
which has taken place upon them.
clearly indicate no policy ayr, ed upon
We mus; look elsewhere for the
causes OF the appreciation OF currency
Indicated by the decliue iu the gold
market.
Prominent among these causes
may be considered the reputation Of
all measures booking toward rcpudil,
lion aS means OF cancclliug the pa, &.
lie debt a Every attempt TO rally Il
party around the standard of repulil-
ton has sisnaIIy failed aud Mr.
Mungcn's speech in its favor has nu-
/ ..l...o ,,,.,, ,,,,h Lit,nro, l,,,,,;o,;,, D., .,
than at the hands of leadin. journals
of the party tn which he belongs. The
rlamor for an act of national dshonor
has been confined TO few dcStruc,ves
who aspire to the leadership of the ig-
n,raut and prcjuliccd among electors,
with ao eye to local political prefer
mcnt. IL i Instructive 10 note that
the mode of paying debts prescribed
10y these petty leaders is n,t the mode
prescribed By Mr.. Peudlct9n aud 9th
ors of his stamp.
The creditors Of the nation have
not failed TO observe the shaping OF
public opinion with calmly critical
"ye. There is 10 longer any suspense
relating 10 me piynrnt oi 10" dcbt
Capital, ihus relieved. puts off it. hesi-
fancy, and cmbarSs freely in the work
ofproluction. Not SO many thou-
sands are wasted in margins by
Wall street opera, ors a. formerly ani
the release Of those thousand, may
have sumathipg 20 d. with the couyaI
csccne of an almost distracted industry.
At the same time wr are according IL
the -howlny Oi statiSticiaus. paying
orr debts and something over aud are
likely to score balance duc Us hy
foreign consumers. Among iHdivid-
uals this state OF affairs would lie re-
sarded aS financial prosperity. As a
nation is an aggregation OF indivId'
uals. why should not the fame RUE
apply
I've congratulate the country upon
the gradual approx mation Of values in
gold and paper, holding. us We DO, that
II is the result oi tho laws u. trade op
Grating under favorable circumstau-
ccs.'