The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1874-01-23
THE OUTLOOK.

! Despite checks from apprehen-
sions that have N least nominal
being and from some facts, the re-
covery continues. Each day
shows its own gain; and as every
day enables completer preparation
to be made and more distant re-
sources to be gathered in, it be-
comes safer to decide that the
great danger that has convulsed
the couHtry is passed, or, at all
events, will soon be so. 1t cost
dearly; and that price has to be
regained and more before business
will attain the place il lately held.
/ The fact incites to closer applica-
ton to a country not given to
sloth, and with q generation train
ed to prompt management of great
concerns.
There are all the resources of
energy to expand itself upon with
profit, Immediately, and the expen-
diture will assist in creating
greater as barrier to other as
saults. Nothing is assumed in
saying that the strength of the
banking system, that underlies
every welfare, has been proved
finally. The great majority of all
the banks and banking houses
met days of unexpected run with
failure and of the few failures that
were forced by the excitement
none in the large cities have re-
suited from insolvency. The COM
mercial community have stood as
they never did in any similar
storm, and if it were not for Il few
weak railroads the storm would
pass as suddenly as it rose, and
leave no yestiges of its wrath.
The cotton and grain crops that
had drawn heavily from the sea
ports for their transportation are
now coming to hand. Both are
enormous. The wheat crop was
never so large; and although that
for the year ending with August
Is estimated at 25O,00O,OOO bushels
the European deficiency is esti-
mated at 200,0O0,000'-double that
of last year. In other words the
European deficiency is estimated
at four fifths the whole yield here;
and the desire to realize will ma
turally forward the crops rapidly
to market. The prompt market
ing of so great an amount gives
freight to the railways and pro-
vides it for shipping, and leaves a
large business not in the ports
only, but along the whole path.
The cotton crop comes forward at
the same time, and it's sale does
as much for the south as that of
grain for the west, and has q kin
dred effect upon general business.
These are chief, and directly and
indirectly they strengthen every
interest. We have just shown
here 584,924 tonnage of coal IN
one week, the heaviest in all the
history Of the trade. 1t has been
shown, too. that the blast furnan-
ces throughout the country are
working up to their full capacity,
and it is asserted that many more
are to be constructed in the.
Schuylkill valley.
These are the facts that enable
the increased business so certain
to follow and remedy the recent
alarm and restore much more than
has been lost. Upon such foun-
dation it is possible to erect any
structure-to do anything. For
all this is soHnd. and when it's
strength is improved there is no
interest of any kind that will not
draw vigor from it and lend to the
prosperity of the whole. Nor can
such facts be published too often.
They need to be wrought into
the texture of every mans mind
to disabuse the apprehensions
some seek to create, and to create
the activity that will bury every
vestige of unrest. The alarm is
an instant, and will be an abiding,
stimulent to make the most of the
oDportunitieS-to causing the ac-
tivity beneath which the usual
work of week will be polished
off in a day. The first conse-
quence of the artificial crisis that
has been experienced has been to
cause a momentary stagnation
Some orders have been counter
manded; some establishments
have reduced the number of work
men; some undertakings halt upon
the verge of being abandoned.
The state of things cannot con
tinue long enough to create in
. jury through the facts to which
we have referred. Here is the raw
material in great abundance; here
are the enterprises; here is the cap.
. ital; here are the workmen. The
. financial strength that has been
f displayed feeds the impulse to do
: There is every reason then to an
ticipate that the wheels will whir
immediately, and with inereas
/ ing velocity: that every branch o
{ business will jump to full speed'a.
, the bands tighten about the cen
: trail drum, and that this recovery
e sprung from the last of many agi
: tations and supplied with all i
E needs from provision and demand
: will know no interruption unit
e the last fear has been removed
v Such results are prefgured il
: some indications before the dis
r turbance is wholly ceased. Tbesl
/, can hardly fail of realizing NOR
i than they suggest, and creating
e term that will be memorable 70
it its progress.-U. S. Gazette.