The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1875-10-28
THE BUSINESS OUTLOOK,

Ver6 anu BGrlnSent CuArdcteTs DOme
branches of trade and industrial produc-
tion have, indeed, suffered almost total
paralysis; while the activity of others
has been seriously curtailed. But there
is great probability that both the degree
and extent Of this business depression
of the country have been overstated.
There have been cToakers, going up and
down in the land, making melancholy
moan over the total prostration of our
Industries, and prophesying the utter
and speedy ruination Of the country.
Such prophets of evil are OF annual
production in this country. They do
most abound during election campaigns.
The efforts Of each party are, to assure
the people that they are utterly and
everlastingly ruined anyhow; and the
only thing to do is to trust their particu-
lar party with the certain and particular
remedy for all the ills that trade is heir
to-. These lamentations over the dear
peoples ruined prospects, prostrated
hopes, paralyzed industries, blighted
potato crops, and short pumpkin har-
vests, are political buDcombe, used to
frighten grown up children into voting
for this. that. and the other political
party. Under the business depressions
alluded to, these political croakers
have, this year, pitched their notes of
woe to more than ordinary lugubrious-
ness, and seemed to reyel in the ex-
tremest luxury of grief, as they depicted
the .sconsummation OF desolation" that
had come upon our people, in this year
of grace, 1875.
The iteration and reiteration of this
vocabulary of the dismals, from every
stump and platform, has had an effect
to produce an undue degree Of discour-
agement in the public mind. The fiend
was black enough, but those political
artists succeeded in painting him vastly
blacker than he really was. But that is
all over now, and the people are at leis-
ure to take an account of stock that be-
longs to the business depression, and to
ascertain how much of it is actual, and
how much belongs to buncombe. And
when this is justly and fairly done, the
business outlook is not 30 very bad after
all.
In the first place, despite the distrust
OF the early summer, the country has
produced a most bountiful crop of all
the domestic supplies. The public health
was never sounder. The currency Of
the country, though not yet up to gold.
is nevertheless SO good that all that men
want is more of it. Nor does the volume
thereof seem to be behind the wants of
trade. Bringing the farm products into
market taps this volume Of currency at
many points, and puts it into common
circulation. The railroads are groaning
with freights. Commission merchants,
grain merchants. -four merchants, pork
merchants, whisky merchants, mer-
chants OF all kinds and names, are 80
many conduits through whom this flow
of currency finds its way to the farmers
and other industrial producers.
There is, moreover, a vein and air of
cheerfulness beginning to pervade the
puD1u65S uCHpEto ull buab
spectators and interested "bears' can
utter, which augurs we'll for the revival
of business. Indeed, there is no question
but that business is reviving. Travellers
through the West and Northwest uni
formly speak encouragingly of the indi-
cations everywhere observable of re-
turning prosperity. Within the past
week we have read of several iron works
starting up again to give employment to
from three hundred to tour hundred men
each. The stock market has become
more active, with buoyancy of feeling
that indicates greater ease In the money
circulation. DR.. Lindermann, Director
of the Mint, has recently returned from
an extended tour of investigation
through the mining regions of the Pacific
Slope, and reports that our mines are, this
year, going to initiate our gold to the ex-
tent of at least $1oo,o0O,0O And that
kind Of imitation the country can stand
to large extent without any danger Of
reputation.
The grain crop of Europe, for the pres
ent year, has not equaled expectation.
Their cattle have suffered from disease.
The political condition OF that continent
requires the keeping Of unusually large
armies ready Tor the field. The result of
all this is that Europe is already heavy
buyer in the grain and provision mar
kets OF this country. or course she
brings us her gold. Our cotton crop,
too, is bountiful and commanding good
prices. More than 10000 bales have
been put into the market more than
were marketed this time last year.
In the South. as well as In the
West, the people are feeling cheerful
and encouraged. The Memphis Appeal
says: "The prospects for business were
never more hattering .han now. The
planters, merchants, mechanics and bus
iness men generally are in fine spirits"
The Southern press generally speaks in
the same tone.
Now, with good health, abundant har-
vests, an active movement of the food