, 1870-01-01

The year 1869 has been marked by fe,
Striking historical events. In America, tb
cha1ge from the clustering impotency c
Johnson's Presidential administration I
the quiet practical sense Of Grants, b,
been attended by the substantial fulflmer
: Of the pledges on which the Republioa
party conducted the last campaign. ThI
change, and the important benefits aecr1
ing from it to the public credit, through n
forms in most departments Of the govern
1neut, have indeed been the salient featu.
Of the years history. Since the beeinnip
Of the year ou1 government securities hsy
advanced on the average l & pe. cent on thei
then gold values. The speedy decline O
the PREMIUM On gold indicates that we ar
approaching mors rapidly than at any form.
pstiod toward specie psymeuts.
The South Ii recovering even more rap
idly than the North from tho effects Of tht
war, since her staple crop, cotton, rernain,
high, whiis nearly ali Northern aaricolturs
staples are depressed. The cotton CROP
5000, 900 bales, is the best refutation OF thu
fear that free labor al the South would pu,
an snd tothis great industry, especially eiucs
The labor which raised it has also raised the
food required for its owu support while en-.
gagged in the work. The near 330U, 900, 900
which Will ba derived from it, therefore, ara
not, as formerly, offset by charges for tho
enormous capital invested in slaves.
Tho peaceful restoration Of the Union,
on the basis Of the guaranteed free
dom Of the whole people, will be accom-
plished with tho opening Of the present
year. Their profits Of tho past year must
have inFpirad planten with taclt but
abiding confidence in tho economy aud
efficiency Of wsses Is substitute for tbe
lash, These results achieved. there il
every reason to believe that tho tids OF
im1nip1ation will turn more largely into
the Southern States than heretofore and that
fntnre i,nu;or,ntz witt he better raceiv.d
and vi)l meet with lnttar snccexs in bns;.
ness than those Who followed too closolv IN
the trail Of on, conouerino a,m,es. The
6ontl b,, tb. sdrantae. n7,r ,ha ro,th
that II. 1ead;no etanlsa and .-norta ava
a,c,n,, nj from t.1a,ion and tb,t i h., ~
limo ac,nun,ated an,ano,-ment NJ ;ta aaht.
md credits With a denreeiated cn,rsnc,
Tb-nnchont tha Vor4b and Wast hou
evor for a ve,r If decline md nrssgr,.
fhcre ,,ara brar .n,nr;e;.,,,, ts.r f.;,nrag ~
moment and The e1ils Of thu time have
been mora in annr4bansion than in ra,li7a.
.;on n-sn;ta MI that IL a,i5 ~ tba nn,,-
1cr NJ noonia mt ~ ann1ornant in r;t;a,
fhe cio,nY,enRstion al 1ahor in c;tv and ronr.
trr in iarce. the stvle Of 1;rinn demanded
nnd sustained bv II. uork;no c1aeaa0 10
ma nj mona than o,d;narv comfort
and yery few nre really out Of employment
e1cent tbosa vbo nrefrr IN 1iv. nnon thew
past ea1niurs ratter than aecept reaflv work
ut fair vuces. in ouploymeuts which ttev
desm hard or unoon panisl. Th1onpbont
The wear 4 hundred thousand efficient
vorlinr.meu and women oould nj any time
have found emp,o7ment on far1ns within
4uo hnndred rnj,es of Chicaoo if 4hav
ronld haye accented good fsrs and
p,n.ra vork TT anv ara ,rt ,f vo,k thsra-
fo-. - ;e hacs1e. II M. MT FALL,
vo,t that +h.v x.rta5 hr+ veoes apa ~.
aoci,1 ,,,oaunra, NJ c;tx IL. sncb . ,erio5
vhen no uida-snre,d fai1n,ea bava oocurre5
IN hronaee o,a m nnnere, MEANS ~ -.,,af
,r. needed for ,he noor vre1 N fact
1aha.o,s 49,. ,aa,s ;..ant =. I;ss;.,.. 49,.
NV. - 1.,,a- .t,a, :, ..ot;,, .n,,.I.t.
,,han iii 1,s;,oss ts.ns .,;t,;o 49, t,,.
nro,;t.l,s ,h,n7.1. rhan ~. ,onat-S :.
fsz...,,.. -. -. .-: .~-.-.,
had nan ~ sn.cio Oh, ~. ,-.st ,,,.sso ~
A.. co,nnnn;tv .ra st,i, ,1-1;a.
.b.,r n,e.anre. racr..t;on, and +,s..,1;,h
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