The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1874-11-26
Business Aspect of the Late Elections.

they did the first profound and general revul-
sion of public sentiment since the Republican
party came into power, is manifested in no
Quarter in q more interesting form than in
commerce and commercial values. The slim
ulation of trade into the degree of activity to
which we are accustomed will necessarily be a
matter of time, but the first grand motor has
been put in play, and the desired results will
naturally follow. Confidence, has been re-
stored. Since the complicated fabric of iinfa-
tion, speculation, expanded credit, paper money
and corruption in high and low places broke
down under its own weight last fall, there has
been, a vague feeling of anxiety and timldIlty,
which has discouraged all classes of enterprise.
1t has not been supposed, OF course, that the tn,
financial collapse actually destroyed the wealth
of the country, or curtailed its actual uses, but
for the want of rallying point, or, to put it
otherwise, for the want of an assuredly safe
ground upon which, trade might take new
departure and begin new era of progress with
courage and hopefulness, business has moved
with haltng and uncertain steps. On Tuesday
of last week a turning point was reached, and
the most important vantage ground recovered
by the nation is an assurance OF justice and
fair play to the South. 1t is hardly possible to
overestimate the significance of the revolution
foreshadowed for the general administration
and policy of the Government, but the most
Immediate results will spring from the South
ern half of the Union to the benefit of its
every section and every respectable interest.
A section, an empire in itself, which formerly
bought and sold merchandise to the amount of
$500, 900 per annum, whose resources were
scarcely guessed at, and has experienced only
tentative development which demonstrated
their capacity but did not approach the limit
of their results, has been so despoied and op-
pressed that the unfortunate citizen has discoy-
cred that he has no guaranteed rights, and the
outside capitalist has seen that to venture his
means, there would be to court disaster. I'm
migration has been diverted, property has de-
preciated, and the producing and purchasing
power of the people ruinously impaired. The
whole situation may be succinctly stated in the
proposition that the local rulers of the South
have been unprincipled adventures and their
dupes, whose prey was the property of the
solid Citizens, and they the best portion of the
population, have been the helpless victims of
its worst elements. In only two or three States
have these evils borne their proper, well-ma-
tured fruits but the situation has been preg-
nant with possibilities and tendencies sufficient
y formidable to do the work.
In bringing this state of things to pass, the
Radical party is chargeable with waging
wanton and wicked war upon the whole coun-
try in the attempt to cripple and break down
the interests of an integral part OF the nation,
which comprises nearly one-half OF its inhab-
tied area and population. ~.
The policy of hate and destruction has been
suddenly reversed. The new representatives
chosen by the people will not enter upon their
duties for twelve MONTHS but the voice OF the
nation will shape legislation from the ides OF
even through the unwilling SER
wants upon whom it has fixed its condemna-
ton, and the commercial effects are already
apparent In London Government bonds COM
menced to advance Immediately after the cleo
ton, and steady daily rise has continued,
accompanied by corresponding changes in New
York. Southern State bonds have also advan-
ced. Railroad stocks have been more active IN
the New York Exchange and have ruled high
er on the register. New England and New
York manufacturers and dry goods merchants
have noticed an improvement in their trade.
Louisville merchants are receiving letters from
their Southern correspondents not only over
flowing with natural expressions OF satisfaction
at their great deliverance, but furnishing
substantial evidences of healthful commercial
results in Southern sections, and predicting an
early expansion of our trade in that direction
on a sounder basis than has been known since
the war. ~,
In fine the late political revolution has not
in itself created new material wealth, nor
opened fresh channels of distribution for our
surplus productions, but it has supplied the
longer absent element of confidence, which will
impart vitality and activity to the organism OF
trade, and the results will steadily deyelope in
the absence of counter influences, both at home