Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1875-04-17
Er0sfhssrg. April IL. 1879.


NcW- 0Th 'Nhtppt"H LtS', mas com lIcu
the following corroborativc testimony
of,the general revival Of business, and
give it place in our columns with
equal prominence as our own:
we have bad occasion recently TO
note the many gratifying signs Of the
coming revival of trade signs which
might appear of little moment when
viewed singly, but which. when group
cd together, form a chain Of evidence
of the improving condition Of indus
trial and commercial affairs which IS
at once encouraging and convincing.
And as corroboratiVe Of the views we
have thus expressed, we quote tie tes
timony of some Of the ablest and most
sagacious of our contemporaries in
widely separated localities. The Bos-
ton Post says;
Spring has come, after aprolouged
winter Of industrial and commercial
discomfort rcawakening energies that
are impatient to enjoy their free
action, and exciting confident hopes
which are in their nature irrepressible,
and the reasons are as obvious for the
revival of general trade as any one
could wish to have them. The it,
ducements, too, are irresistible, IN
consequence of empty markets and
low stocks, with the former supplies
about gone. The life of society must
90 on al some rate. Consumers-and
they form the whole communicative
compelled to call for fresh supplies Of
commodities, for which they are bet
ter prepared to pay out Of their
savings of more than a year past.
Prices have receeded as low as they
can, a comparison between 1860 and
1875 showing no substantial difference
in the actual necessaries of life. The
compulsory thrift practiced by the
people during the last year is sure
prelude to a change for the better in
business of all kinds, and to its con
tinuous on a prudent and safe basis,
which includes q Lower SCALE Of profits
without the accompaniment Of lllegit-
innate and outside risks. As commod-
ties recede in price, rents obey the
same comprehensive law, and so do Wa
ges. All so-called values are affected
similarly, and no actual, but only a
seeming loss is entailed.
The Chicago Tribune takes this con-
fdent view Of the revival Of prosperi
ty of the Northwest:
zone of the trustworthy signs Of an
unusually rapid and strong revival of
business this spring is the excellent
condition of the farmer class. The
last year furnished strong contrast
with the preceding. The war against
the railroads has its effect in a Very
general and important reduction IN
rates, and a consequent increase OF
prices for producers. The experience
of the year before had also made mark
ed reduction in tAe production Of
those articles the supply Of which had
notably exceeded the demand. A
natural consequence Of these two cir
cumstances was an improvement in
prices, the great benefit Of which was
enjoyed by the agricultural classes,
and not by the middlemen. The far
mers, therefore, feel better Oft this
spring than they have at any time
within two years. and the prospect for
q good market and fair prices this
year is promising one.
Fhe Baltimore 1mcrican takes a
similar view of the situation;
"Predictions Of better days are in
every ones mouth. Hope is not eX
actly marketable commodity, but it
has wonderful influence in producing
the conditions which it anticipates
1t has induced our large houses in all
departments to make preparations for
a busy time when the Spring trade
reaches its height, which has been
delayed by the backwardness of the
season. With the probability now of
more favorable conditions, there is
good ground to make moderately san
guine representations, the hopeful
people being the majority, and the
Responding ones the minority. The
prolongued slusgishness that followed
the panic has had the effect of clear
ing the ground for new enterprises and
a,Realthier confidence. 1t compelled
weak firms to suspend, but those
which were able to stand the strain
are in u stronger condition now than
in September, 1878. The panic par
alyzed credit, the most sensitive Of fl
nancial barometsrs, and we can not
but regard it as remarkable that the
recovery should have come so soon.
That it has come is proven by the SOL
id foundation which exists for the
cheerful spirit now prevailing"
The leading Philadelphia organs of
public opinion are no less hopeful of
the future Of commercial affairs, The
-North-Ameyicon says:
The Cincinnati Price Current says;
"There are many indications Of a
more confident feeling among merch-
ants and manufacturers in regard to
general trade during the Spring
months, and for the future generally.
We refer especially to the financial
condition, and to the consumptive
wants of the masses of the people and
their ability to supply those wants,
as features which must have a bene-