The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1875-08-05
The Turning Tide.

Under this encouraging heading the
Nashville Union and Amerscau says that
so far as the general business of the
country is concerned, we notice every
where indications of a more hopeful feel
ing-attributed more to sanguine reports
concerning the condition of the crops.
These proving true, money will once
more move in all of it's accustomed chan
nels. From the family of the farmers,
who require their annual supplies, to the
iobber of merchandise in our great cities,
fresh impetus must be given to trade.
The country cannot 90 backward. We
have passed through the era of collapse
and are now recuperating. 1t may not
be a process visible to the eye, but 81
lently and stealthily it is leaving its
trial.
The New York Times says, in its re-
view of the situation, that many mer-
chants have this week struck their bal
ance sheets for the half year, and have
found that matters are better than they
expected. In regard to the great produ-
cling interests Of the country, there is
much in the situation that calls for gen.
eral congratulation. The farmers of the
Northwest are now rapidly marketing
the surplus grain left over from last year,
and the grain after reaching the lake
ports, is being rapidly transported to the
East; in evidence of which may be men
toned the fact that on one day recently
freight engagements were made in Chic
ago for 100000 bushels of grain for the
Atlantic cities.
Crop accounts continue to be of the
most cheering character. In the South
full crop of cotton, sugar and rice will
no doubt be raised, which will do much
toward recuperating the Southern States,
while at the West the wheat harvest
promises to be the most abundant for
many years, and other grains promise
equally we'll. The grain crops of Hun
gary and Russia are likely to be below
the average, and the recent floods in
Hungary and France will further reduce
the Continental harvests. This makes it
pretty certain that the surplus wheat of
America will all be wanted on the other
side Of the Atlantic, and every business
man knows that good export demand
for our cereals, especially with decreas-
ing imports, means better times for the
country at large. In the coal regions,
the contest between labor and capital is
over, and labor has succumbcd to the
general demand for lower wages. Cheap
labor in country like ours is very i'm
portant, that being great element of
general prosperity. It is evident that
from this time forward we are to rely up
on ourselves for all the iron which we
need in the construction and repair of
railroads and for other purposes; and
looking still further ahead, it is now gen.
orally conceded that in the future wo
will compete with Great Britain for the
supply to other countries. This is avery
Important matter, and has not yet re-
ceived that consideration to which it is
properly entitled in estimating the tu-
ture of the general situation. The annu-
al increase in the production of gold and
silver in the United States is yet another
matter that has to be taken into account
when considering the prospects of the
country. The Western Territories and
the Pacific States are very rich in gold
and silver, and the supply seems to be
almost inexhaustible.
This brief summary Of the general sit
uation should convince every intelligent
man that there are substantial reasons
for the improvement which has recently
set in.